Month: May 2022
Vaccinated and tested, the rich and powerful descend on the snowless hills of Davos
The World Economic Forum is returning to Davos in May after cancelling previous meetings because of the coronavirus pandemic. Fabrice Coffrini | Afp | Getty Images The rich, famous and most powerful are once again returning to the Alpine retreat of Davos, Switzerland, next week following a two year coronavirus-induced hiatus that had forced the […]
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UK retail sales jump unexpectedly, but big picture bleak
A shopper wearing a face mask in Regent Street, London, after the second national lockdown ended and England has a strengthened tiered system of coronavirus restrictions. Victoria Jones – PA Images | PA Images | Getty Images British retail sales jumped unexpectedly in April as shoppers loaded up on alcohol and tobacco, likely a blip […]
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Zelenskyy says Donbas region completely destroyed; Russia likely to swiftly redeploy Mariupol forces
12 killed in Ukrainian city of Severodonetsk, Luhansk governor says The governor of Ukraine’s eastern Luhansk region said 12 people have been killed in Severodonetsk as a result of Russian attacks, with more than 60 homes destroyed. Serhii Haidai, head of the Luhansk regional military administration, said via Telegram that at least five high-rise buildings […]
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Australia’s election will be a tight race. Whoever wins will struggle to manage rising costs
Australians will be voting for a new prime minister on Saturday. Opinion polls so far show that the race is too close to call, but whoever wins will have to grapple with hot-button issues like the rising costs of living and increased borrowing costs after the country raised rates for the first time in more […]
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‘Who is talking about climate change now?’ What the Ukraine war means for global heating
A group of Ukrainian women demonstrate to call for further action against Russia near the headquarters of the EU Commission in Brussels, Belgium. Thierry Monasse | Getty Images News | Getty Images LONDON — Reflecting on energy markets just over one month into Russia’s onslaught in Ukraine, Saudi Arabia’s top energy official said: “Look at […]
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Strategists reveal how they’re trading tech stocks — and the same names keep coming up
Investors and strategists have revealed how they’re playing the beaten-down tech sector, naming several stock opportunities in a market they say could be nearing the bottom. Lee Baker, owner and president at Apex Financial Services, described Apple and Microsoft as “good solid companies” for investors to consider right now. Speaking to CNBC’s Squawk Box Europe […]
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Traders are lining up to short the British pound with a possible recession on the horizon
British Union flag, also known as a Union Jack, and an American flag at ETX Capital, a broker of contracts-for-difference. The pound has fallen more than 8% against the dollar, and is attracting short bets from traders as the British economy faces soaring inflation and a cost-of-living crisis. Chris Ratcliffe | Bloomberg | Getty Images […]
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Europe admits it’ll have to burn more coal as it tries to wean itself off Russian energy
A wind turbine and coal in Lower Saxony, Germany. The EU’s desire to wean itself off Russian hydrocarbons means it will need to find fossil fuels from other parts of the world to plug supply gaps. Mia Bucher | Picture Alliance | Getty Images The European Commission has fleshed out details of a plan to […]
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Musk denies ‘wild accusations’ against him in an apparent reference to harassment report
SpaceX CEO Elon Musk participates in a postlaunch news conference inside the Press Site auditorium at NASA’s Kennedy Space Center in Florida on May 30, 2020, following the launch of the agency’s SpaceX Demo-2 mission to the International Space Station. NASA/Kim Shiflett SpaceX founder Elon Musk said in a tweet late Thursday that “wild accusations” […]
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The release of pent-up demand in the travel industry is still underway, says Mastercard
David Mann of the Mastercard Economics Institute discusses the findings from its latest travel report. Source
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