Month: May 2022
Turkey will eventually relent on Finland and Sweden joining NATO, says former Finnish PM
Finland’s former prime minister is confident that Turkey’s opposition to Sweden and Finland joining NATO will be diplomatically “sorted out.” “I’m sure this will get ironed out,” Alexander Stubb told CNBC’s Capital Connection on Wednesday, adding that both Finland and Sweden have been “avid supporters” of Turkey’s bid to join the European Union. “I imagine […]
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Goldman Sachs cuts its China GDP forecast to 4% on Covid controls
Since March, mainland China has struggled to contain its worst Covid outbreak in two years. Notably, the metropolis of Shanghai, pictured here on May 18, only started this week to begin discussing resumption of normal activity — with a goal of mid-June. Hector Retamal | Afp | Getty Images BEIJING — Goldman Sachs analysts on […]
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UAE petrochemicals firm Borouge to become latest IPO in a wave of Middle East mega listings
The lure of high dividends has been a major draw for global investors amid a recent wave of mega listings across the Gulf region. Rustam Azmi | Getty Images DUBAI, United Arab Emirates — Petrochemicals business Borouge will list on the Abu Dhabi stock exchange next month, marking the latest in a series of mega public […]
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China Eastern crash probe reportedly eyes intentional action
A plane carrying the second black box of the crashed China Eastern Airlines flight arrives in Beijing on March 27, 2022. Investigators looking into the crash of a China Eastern Airlines jet are examining whether it was due to intentional action on the flight deck, with no evidence found of a technical malfunction, two people […]
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Finland and Sweden formally apply to join the NATO military alliance. Follow our live updates
Finland and Sweden formally applied to join NATO on Wednesday marking another step toward the Western military alliance’s expansion, although the full accession process could take a year and Turkey’s objections need to be overcome. The status of the besieged Azovstal steelworks complex in Mariupol, a heavily-destroyed port city in southern Ukraine, remains unknown with […]
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UK inflation jumps to 40-year high of 9% as food and energy prices spiral
A customer pays for his fruit and vegetables with a ten pound sterling note, at a trader’s market stall in London on May 12, 2022. – Britain’s economy shrank in March on fallout from soaring inflation, increasing the prospect of the country falling into recession. Official first-quarter data on Thursday showed that following solid output […]
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As inflation slows and the ruble rallies, Russia is hoping to avoid a financial crisis
Russian President Vladimir Putin. Pool | Reuters Russia believes it has swerved a financial crisis as its currency rallies and economic data improves, but strategists say the numbers mask some ugly truths for Moscow. Although inflation in the country is running hot, there are signs that price rises are slowing and will continue to do […]
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In the fight against climate change, seaweed could be a surprising — but vital — weapon
Like many coastal communities around the world, people living by the sea in the United Kingdom have harvested and consumed seaweed for centuries. In Wales, Welsh laverbread — made from cooking a type of seaweed called laver — is a culinary delicacy so revered that it enjoys Protected Designation of Origin status. Seaweed’s uses do […]
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Australian election polls show race tightening in final campaign stretch
Australia’s national election has become too close to call, polls out on Wednesday showed, as the ruling conservative coalition narrowed the gap with the main opposition Labor Party, three days before the country decides on a new government. Centre-left Labor’s lead over the Liberal-National coalition has shrunk to 51-49% on a two-party preferred basis from […]
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It’s now cheaper to switch from coal to renewables instead of coal to gas, report shows
Power workers inspect photovoltaic power generation facilities at a 35-MEGAwatt “fish-light complementary” photovoltaic power station in Binhai New Area, Haian City, East China’s Jiangsu Province, on March 15, 2022. Costfoto | Future Publishing | Getty Images Record-high coal and gas prices have been pushing prices higher for consumers and businesses alike, but there could be […]
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