World
Binance deepens Middle East expansion with ‘in-principle’ Abu Dhabi approval; CEO says ‘more to come’
Binance CEO Changpeng Zhao said the company is “not shunned elsewhere” and that there’s “more to come.” Wei Leng Tay | Bloomberg | Getty Images Cryptocurrency exchange Binance has obtained a provisional green light from Abu Dhabi regulators, deepening its expansion in the Middle East. The company said Sunday it was given approval “in principle” […]
Read More
Why it’s so difficult to buy your first house in London
The number of 20-34 year-olds living with their parents in the U.K. has risen by nearly 50% since the turn of the century. So why are young people, particularly in London, struggling to get on the property ladder? The number of 20- to 34-year-olds living with their parents in the United Kingdom has risen by […]
Read More
UK growth slows more than expected in February: ONS
A pedestrian carrying a Union Jack umbrella walks past a winter sale sign outside a John Lewis store along Oxford street in London, England. Hollie Adams | Getty Images News | Getty Images Growth in Britain’s economy slowed more sharply than expected in February as gross domestic product rose by 0.1%, official figures showed on […]
Read More
Russia could use phosphorus bombs in Mariupol, UK warns; Austrian leader to meet Putin. Follow our live updates
France’s Societe Generale to withdraw from Russia with sale of Rosbank stake; shares jump 5% French bank Societe Generale has announced plans to exit Russia. Bloomberg | Bloomberg | Getty Images French bank Societe Generale has agreed to sell its stake in Rosbank and the Russian lender’s insurance subsidiaries to Interros Capital, an investment firm […]
Read More
This isn’t a recession – it’s a ‘war-cession,’ top strategist says. Here’s why it’s different
LONDON — The global economy is likely entering a “war-cession,” according to veteran investment strategist David Roche, and markets are underestimating its duration. It comes as markets attempt to navigate a flurry of concurrent economic hurdles, including Russia’s invasion of Ukraine, soaring inflation, rising interest rates and supply disruption from China’s efforts to contain a […]
Read More
China Covid outbreak: Guangzhou closes schools, Shanghai’s new cases soar to a record
All 11 districts of Guangzhou city began another round of mass Covid testing late last week, while elementary and middle schools shifted to online learning as of Monday. Costfoto | Future Publishing | Getty Images BEIJING — Another major Chinese city has tightened Covid restrictions as the country struggles to contain a nationwide outbreak stretching […]
Read More
U.S. doubts new Russian war chief can end Moscow’s floundering
A Ukrainian soldier stands watch by a building severely damaged in attacks by Russian forces in the Makariv region near Kyiv on April 10, 2022. Russia has tapped a new Ukraine war commander to take centralized control of the next phase of battle. Cem Tekkesinoglu | Dia Images | Getty Images News Russia has tapped […]
Read More
Elon Musk decides not to join Twitter board, says CEO Parag Agrawal
Tesla CEO Elon Musk, shown here in March, proposed a series of changes to Twitter’s subscription service, including price changes and the option to pay in dogecoin. Patrick Pleul | AFP | Getty Images Tesla and SpaceX CEO Elon Musk has abandoned his plans to join the board of Twitter, his social network of choice. […]
Read More
China’s producer and consumer inflation rose faster than expected in March
A worker works on a bread production line in Zaozhuang, East China’s Shandong Province, April 7, 2022. China’s factory inflation slowed but beat expectations in March, official data showed on Monday. Costfoto | Future Publishing | Getty Images China’s factory inflation slowed but beat expectations in March, official data showed on Monday, as the country […]
Read More
Raising a kid is getting expensive in China — buy these global stocks to cash in, Jefferies says
China’s efforts to raise the national birth rate can help some U.S. consumer stocks, Jefferies analysts said in a report. Source
Read More