Month: May 2022
Russia says it has sent 900 Ukrainian soldiers to prison camp; U.S. reopens embassy in Kyiv
Ukraine’s presidential advisor says the war is unlikely to end by fall Local boys sit on a swing in the yard of an apartment building destroyed by the Russian army airstrike in Ukraine May 13, 2022. The war in Ukraine is expected to continue through the summer and possibly beyond, presidential advisor Oleksii Arestovych said, […]
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Two maps show NATO’s growth — and Russia’s isolation — since 1990
A Swedish soldier takes part in exercises on May 17, 2022. Her country, along with Finland, now wants to join NATO. Jonathan Nackstrand | Afp | Getty Images Russia has become increasingly isolated from the rest of Europe over the last 30 years, and maps of the continent illustrate just how drastic the change has […]
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Scared of getting a mortgage? A strategist reveals the 1990s gadget that gives her cause to be optimistic
Historic row houses in Columbia Heights neighborhood of Washington, D.C. amedved | iStock | Getty Images One strategist has told CNBC why she thinks it’s still a “relatively good environment” to borrow money, including mortgages, despite rising interest rates. Kristina Hooper, chief global market strategist at Invesco, told CNBC’s “Squawk Box Europe” on Friday that […]
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An energy transition loophole is allowing Big Oil to offload high-polluting assets to private buyers
An oil flare burns at Repsol’s oil refining complex in Cartagena, Spain. Repsol was one of the top sellers of assets between 2017 and 2021 in EDF’s analysis. Bloomberg | Bloomberg | Getty Images Oil and gas giants are increasingly selling off dirty assets to private firms, amplifying concerns that the fossil fuel industry’s traditional […]
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Singapore Airlines narrows annual loss, says outlook is improving
Singapore Airlines on Wednesday posted a narrower annual loss of S$962 million ($694.08 million), at a time when demand remained low due to the pandemic, but said the outlook was improving as travel restrictions were lifted. SIA’s loss in the 12 months ended on March 31, its third consecutive year in the red, was an […]
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Singapore Airlines has a ‘first mover advantage’ thanks to the country’s reopening: Industry expert
Greg Waldron, Asia managing editor of FlightGlobal, discusses the airline’s “dramatic” improvement in earnings. Source
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Only two Asia-Pacific markets are in positive territory so far this year
As of the Wednesday’s market close, Singapore’s Straits Times index was the top performer across Asia-Pacific markets, having risen 3.25% year-to-date. Singapore’s skyline is pictured here with Marina Bay in the background. Suhaimi Abdullah | Nurphoto | Getty Images There are only two major indexes across Asia-Pacific that are in positive territory so far in […]
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Fund manager likes this automaker — and it’s not Tesla
Tesla may be an investor favorite for exposure to the electric vehicle industry, but fund manager Jordan Cvetanovski has another way to play the booming sector. The Texas-based EV behemoth has reaped the benefits of its early leadership, with the stock price rallying around 45% last year — sending the company into the exclusive $1 […]
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Japan’s Nikkei 225 drops more than 2% as Asia stocks fall following tumble on Wall Street
SINGAPORE — Shares in Asia-Pacific slipped Thursday morning after heavy losses on Wall Street overnight. The Nikkei 225 in Japan slipped 2.63% in early trade while the Topix index shed 2.31%. Japan’s exports rose 12.5% year-on-year in April, data from the country’s Ministry of Finance showed Thursday. That was lower than expectations for a 13.8% […]
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Wingstop is seeing ‘meaningful deflation’ in chicken wings, CEO says
Chicken wings prices have come down in price since soaring last year, Wingstop chief executive Michael Skipworth told CNBC’s Jim Cramer on Wednesday. “Other brands are … going to have to look at pricing in order to manage their margins, and Wingstop is in a very different position in that we’ve seen meaningful deflation in […]
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