Moody’s sees ‘tough terrain’ ahead for emerging economies as Russia-Ukraine war extends
Emerging economies will face a “tough terrain” for the next few quarters due to the Russia-Ukraine war, Atsi Sheth, global
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Global Markets
Canada Pension Says Loss in China’s Stock Market Muted Returns
Canada Pension Plan Investment Board said the selloff in stock markets, particularly in China, muted its annual returns. The fund’s
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Volkswagen’s Skoda hopes for eastern European gigafactory decision by 2023
Czech carmaker Skoda, owned by Germany’s Volkswagen, is confident that its parent will take a decision on its fourth large
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EU clarifies how companies can legally pay for Russian gas
The European Commission has confirmed how European Union companies can pay for Russian gas without breaching the bloc’s sanctions against
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One in five UK civil servants to be laid off – Jacob Rees-Mogg.
Tens of thousands of the United Kingdom’s civil servants are set to lose their jobs under new cost-cutting measures planned
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Swiss release some frozen Russian assets
The Swiss government on Thursday reported 6.3 billion Swiss francs ($6.33 billion) worth of Russian assets frozen under sanctions to
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Kohl’s Fends Off Activist Macellum’s Bid to Overhaul Board
Activist investor Macellum Capital Management’s bid to overhaul the board of Kohl’s Corp. was rejected by investors on Wednesday. Kohl’s
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Fraport to compensate rising inflation with price hikes
Germany’s largest airport operator Fraport said on Tuesday it expects to be able to compensate for rising inflation by passing
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Indonesian president plans to meet Elon Musk over nickel – minister
Indonesian President Joko Widodo is planning to meet Elon Musk during an upcoming U.S. visit, a minister said on Monday,
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Inflation concerns cause US dollar to jump 10% in 6 months
The coronavirus outbreak sparked a global price boom, which was fueled even more by Russia’s invasion of Ukraine. As a
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U.S. Adds 428,000 Jobs While Unemployment Rate Holds at 3.6%
U.S. employment continued to increase at a robust pace in April and wage growth moderated, though a surprise drop in
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U.S. Senate committee to consider bill pressuring OPEC oil group
A U.S. Senate committee is set to vote Thursday on a bill that could expose the OPEC oil producing countries
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Euro zone business growth got boost from reopened services in April – PMI
Business activity in the euro zone accelerated last month as the bloc’s dominant services industry took advantage of a further
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World Bank cuts 2022 growth outlook for Western Balkans on Ukraine war
The World Bank on Wednesday cut its forecast for economic growth of six countries of the Western Balkans to 3.1%
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War pushes Ukraine’s banking sector into loss in Q1
Ukraine’s banking system posted a net loss in the first quarter after lenders had to transfer over $730 million of
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