World
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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China cuts borrowing rate again, seeking to revive housing sector
High-rise buildings in downtown Shanghai, China, on March 12, 2018. China cut its benchmark reference rate for mortgages by an unexpectedly wide margin on Friday, its second cut this year as Beijing seeks to revive the ailing housing sector to prop up the economy. Johannes Eisele | Afp | Getty Images China cut its benchmark […]
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Consumers are hurting as ‘global energy shock’ gets underway, says World Energy Council
The current oil crisis isn’t like previous ones — and consumers will have to bear the brunt of it even as they grapple with rising inflation, Angela Wilkinson from the World Energy Council told CNBC. “I think this is a first global energy shock, this isn’t the same as the 1970s crisis, oil shock crisis. […]
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Southeast Asia’s e-commerce market is still in its ‘opening act,’ says venture capital firm
Southeast Asia’s e-commerce ecosystem is still at a “very, very nascent stage” and many more business models and companies will be formed in the region, said the founding partner of a venture capital firm. “We’re talking about single-digit digital penetration, as compared to the overall commerce penetration,” Amit Anand of Jungle Ventures, a Southeast Asian […]
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Chinese electric car start-up Nio says supply chain disruption, not demand, is their biggest problem
Chinese electric car company Nio delivered more than 5,000 cars in April despite Covid restrictions in some parts of China, albeit down sharply from nearly 10,000 vehicle deliveries in March. Future Publishing | Future Publishing | Getty Images BEIJING — Nio’s biggest challenge right now is making sure that supply chains are stable, CEO William […]
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Asia-Pacific markets trade higher; China to announce its benchmark lending rate
SINGAPORE — Shares in the Asia-Pacific markets gained on Friday as a volatile trading week comes to a close and investors watch for the release of China’s benchmark lending rate. Japan’s Nikkei 225 rose 0.41% in early trade, while the Topix advanced 0.23%. Japan’s core consumer prices, which include energy costs but not fresh food, […]
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Investing Club: Here’s how much each company in our portfolio is exposed to China
Shanghai and Beijing have retained, if not tightened, many Covid-related restrictions on business and travel. In this picture, workers disinfect a residential community on May 11, 2022, in Beijing, China. Beijing Youth Daily | Visual China Group | Getty Images Source
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