World
Energy giants Siemens Gamesa and SSE agree $628 million deal amid rising costs and profit warnings
Details of the agreement between SSE and SGRE were announced on the same day the latter released preliminary results for the second quarter, reporting revenue of around 2.2 billion euros and an operating loss of roughly 304 million euros. Paul Ellis | AFP | Getty Images Siemens Gamesa Renewable Energy has agreed to sell assets […]
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UK judge sends extradition case of Wikileaks’ Assange to interior minister Patel
WikiLeaks founder Julian Assange arrives at court in London on May 1, 2019 to be sentenced for bail violation. Daniel Leal-Olivas | AFP | Getty Images A British judge on Wednesday sent the case of Julian Assange to interior minister Priti Patel who will decide whether the Wikileaks founder should be extradited to the United States […]
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Just Eat Takeaway is exploring a sale of Grubhub barely a year after buying the company
The Grubhub logo displayed on a smartphone screen. Rafael Henrique | Sopa Images | Lightrocket | Getty Images European food delivery giant Just Eat Takeaway.com said it’s considering a sale of Grubhub, its U.S. arm, after facing pressure from investors to explore strategic deals. Just Eat Takeaway.com’s board “confirms its alignment with shareholders in wanting […]
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IMF warns of further market sell-offs as central banks adjust policy
The International Monetary Fund has warned of more market sell-offs as central banks try to combat higher inflation and ease back on pandemic stimulus measures. Market players had started the year on an optimistic footing, predicting some economic momentum on the back of an easing of Covid-19 restrictions, which would likely provide a boost to […]
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Russia and Ukraine’s battle for Donbas could decide the war — and it could go either way
Ukrainian soldiers stand on their armored personnel carrier (APC), not far from the front-line with Russian troops, in Izyum district, Kharkiv region on April 18, 2022. Anatolii Stepanov | Afp | Getty Images Russia’s new offensive in the Donbas region could prove to be extremely significant and decisive in the war, analysts warn, and could […]
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China’s spiking Covid cases, Ukraine war cloud growth in Asia, says IMF
Rising Covid cases in China and the war in Ukraine pose headwinds for Asia’s growth, the International Monetary Fund told CNBC on Wednesday. “Asia is clearly facing headwinds, both from the war in Ukraine but also from the lingering effects of Covid now being much more pronounced in China than before,” said Anne-Marie Gulde-Wolf, the […]
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China’s economy may be ‘struggling’ — but it’s ‘not in serious trouble,’ says economist
The Chinese economy is “struggling” for now — but it’s “not in serious trouble,” according to Derek Scissors chief economist at research firm China Beige Book. “We’re not looking at outright contraction as China suffered in 2020,” Scissors told CNBC’s “Squawk Box Asia” on Tuesday. He was referring to how the Chinese economy saw a […]
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Sri Lanka opposition chief says he’s ‘cautiously optimistic’ about vote to oust government
Opposition parties in crisis-wracked Sri Lanka are “cautiously optimistic” about winning enough votes to oust the government appointed of President Gotabaya Rajapaksa, the Leader of the Opposition, Sajith Premadasa, told CNBC. “I’m cautiously optimistic that we will obtain the numbers. It all depends on our power to persuade,” said Premadasa, who heads the Samagi Jana […]
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Myanmar’s military government denies rumors of fuel shortages
Myanmar’s Ministry of Electricity and Energy denied that there was a fuel shortage, saying unfounded rumors and inadequate infrastructure for retail sales were to blame. Nurphoto | Nurphoto | Getty Images Myanmar’s military government has denied the country is suffering from a shortage of fuel after rumors about low supplies of gasoline and diesel led […]
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IMF says any loan to Sri Lanka requires debt sustainability
A woman walks past the International Monetary Fund headquarters building in Washington, DC on March 11, 2022. The IMF said discussions with Sri Lanka on a potential IMF loan program are at an early stage and any deal would require “adequate assurances” that the island country’s debts can be put on a sustainable path. Mandel […]
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