World
Global recession? Not yet, economists say — but brace for high prices, low growth
A global recession is not imminent, but brace for rising costs and slower growth, economists say. “There will be no sudden ‘after’ of stagflation,” said Simon Baptist, global chief economist at the Economist Intelligence Unit, referring to a surprise recession after a period of stagflation. As the war in Ukraine and pandemic disruptions continue to wreak havoc on […]
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There’s a ‘massive gap’ between housing demand and supply in Singapore, PropertyGuru CEO says
Supply constraints are driving up property prices and rents in Singapore, the chief executive officer of a real estate company said Friday. “You can see a massive gap opening up between demand and supply,” said Hari Krishnan of PropertyGuru. Singapore introduced measures to cool the property market in December 2021, but analysts told CNBC in […]
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Nepal says missing plane with 22 on board crashed
A passenger plane with 22 people on board went missing in Nepal on May 29, the operating airline and officials said, as poor weather hampered a search operation. Yunish Gurung | Afp | Getty Images Nepal’s army said on Monday it had located the crash site of a plane that went missing with 22 people […]
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Beijing, Shanghai start to reopen as Covid cases drop
After about two months of lockdown, Shanghai announced plans over the weekend to relax restrictions on business activity. Subway riders pictured here on May 28, 2022, ride on one of four lines in the city that have resumed operations. Vcg | Visual China Group | Getty Images BEIJING — Major Chinese cities Beijing and Shanghai […]
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‘Buy this dip’: Wall Street banks name global stocks and sectors that could be near a bottom
With recent volatility in the stock markets, Citi has told clients to ” buy this dip ” while analysts from Bank of America and JPMorgan have named the global stocks and sectors that they believe are trading near a bottom. BofA named a European list of “High Quality stocks that derated the most this year” […]
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Asia-Pacific stocks rise ahead of major economic data this week
SINGAPORE — Shares in Asia-Pacific rose in Monday morning trade as investors look ahead to major economic data releases later in the week. In Japan, the Nikkei 225 rose 1.21% in early trade as shares of robot maker Fanuc jumped more than 2%. The Topix index traded 1.01% higher. The Kospi in South Korea also […]
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EU fails to agree on Russia oil embargo, will try again Monday ahead of summit
Ukrainian officials have repeatedly called for the EU to stop funding Russia’s invasion by imposing an immediate import ban on Russian oil and gas. Attila Kisbenedek | Afp | Getty Images The EU failed on Sunday to agree on an embargo of Russian oil, but diplomats but will still try to make progress ahead of a Monday-Tuesday summit on […]
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Sean Connery’s ‘James Bond’ Aston Martin DB5 is up for auction—and it could sell for nearly $2 million
If you’ve ever fantasized about giving supervillains the slip from behind the wheel of James Bond’s iconic Aston Martin – and you have some spare millions of bucks lying around – you could be in luck this summer. The 1964 Aston Martin DB5 personally owned by the late actor Sean Connery is hitting the auction […]
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Zelenskyy says conditions in Donbas are ‘indescribably difficult’; Russian forces target Severodonetsk
Putin is inflicting ‘unspeakable suffering’ on Ukrainians in a bid to capture Severodonetsk, think tank says A man walks in front of a destroyed school in the city of Bakhmut, in the eastern Ukrainian region of Donbas on May 28, 2022. Aris Messinis | Afp | Getty Images The Institute for the Study of War, […]
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Real Madrid beats Liverpool 1-0 for 14th European Cup title
Real Madrid’s Karim Benzema, right, and Real Madrid’s Dani Ceballos celebrate winning the Champions League final soccer match between Liverpool and Real Madrid at the Stade de France in Saint Denis near Paris, Saturday, May 28, 2022. Real Madrid won 1-0. Kirsty Wigglesworth | AP Photo Real Madrid became European champion for a record-extending 14th […]
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