Business

Chinese President Xi JinpingJohannes Eisele/AFP/Getty Images Financial markets have recently raised red flags regarding the Chinese economy. Indeed, lofty expectations of a strong post-Covid rebound have largely failed. But analysts said Wall Street was too myopic and not looking at the long term. Financial markets have recently raised red flags about China’s economy, but analysts … Read more

As the world moves towards a sustainable future, some regions have an abundance of renewable energy, while others are geographically disadvantaged. Japanese start-up PowerX has a solution with the world’s first battery-electric tanker, “X”, designed to transport clean energy by sea. What does PowerX do? PowerX is a battery startup on a mission to change … Read more

The Turkish lira weakened following the re-election of Recep Tayyip Erdoğan, as analysts warned the next big test for the victorious president would be to tackle the country’s ailing $900 billion economy . Many economists argue that Erdogan’s policies of low interest rates and emergency measures to support the currency cannot continue. The lira hovered … Read more

(Bloomberg) – The Turkish lira weakened to a record high after Recep Tayyip Erdogan won a runoff in the presidential election, extending his tenure as the country’s longest-serving leader in a term that has many increasingly alienated foreign investors. Bloomberg’s Most Read Stocks surged and dollar bonds were mixed on Monday as investors awaited the … Read more

(Bloomberg) – U.S. stock futures posted modest gains on cautious optimism that the United States will avoid a catastrophic default after the weekend’s tentative debt ceiling agreement. European stocks faltered in muted trades affected by the holidays. Bloomberg’s Most Read Contracts on the S&P 500 and Nasdaq 100 rose about 0.3% each as spot markets … Read more

Hong Kong/London CNN — European stocks and oil prices gave up early gains on Monday, but U.S. stock futures remained positive after the weekend news of a deal that could avert a catastrophic debt default American. Germany’s DAX (DAX) closed 0.2% lower, with France’s CAC 40 (CAC40) dropping a similar margin after both posted gains … Read more

Business By Lee Brown May 29, 2023 | 8:05 Kohl’s is the latest major retailer to face boycott calls after shoppers found Gay Pride baby gear – some calling it ‘time for a Bud-Lighting’. The department store has seen a growing number of #BOYCOTTKHOLS hashtags online after conservative commentators posted stories about how it was … Read more