World
Russia investing ‘significant effort’ in eastern offensive; Zelenskyy says Kremlin defeat is obvious. Follow our live updates
Russia investing ‘significant effort’ in bid to achieve eastern Ukraine breakthrough, UK says Ukrainian soldiers and their anti-aircraft missile system near Slovyansk, eastern Ukraine, on May 11, 2022. Yasuyoshi Chiba | AFP | Getty Images Russian forces are investing “significant effort” around the Ukrainian cities of Izium and Severodonetsk in an attempt to achieve a […]
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North Korea reports first Covid-19 death as fever ‘explosively spreads’
People sit near a screen showing a news broadcast at a train station in Seoul on May 12, 2022, of North Koreas leader Kim Jong Un appearing in a face mask on television for the first time to order nationwide lockdowns after the North confirmed its first-ever Covid-19 cases. Anthony Wallace | AFP | Getty […]
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Shanghai says victory against Covid getting closer
Residents line up to take nucleic acid tests on May 12, 2022 in Shanghai, China. Streets in China’s capital Beijing were quiet on Friday as residents heeded the advice of authorities to work from home to stop the spread of Covid-19, while officials in locked-down Shanghai said they aimed to defeat the virus this month. […]
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Education is important, ‘but the money does not seem to add up,’ says UNESCO
The amount spent on financing education doesn’t match the view that education is important, said Priyadarshani Joshi, a research officer on UNESCO’s Global Education Monitoring Report team. Nobody would argue that education isn’t important, “but the money does not seem to add up,” Joshi told CNBC’s Squawk Box Asia last Friday as she spoke about […]
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Sri Lanka names new prime minister in bid to address growing crisis
United National Party leader Ranil Wickremesinghe sets his signature on his letter of appointment as the new Prime Minister at the Presidentâs House in Colombo, Sri Lanka, 12 May 2022. Wickremesinghe, a political veteran who has been prime minister of the island nation five times before, must try to address financial chaos and heal political […]
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Goldman names the Chinese tech stocks it says will weather the supply chain crisis
Investors worried about the supply chain shocks from China’s Covid lockdowns can look to these tech stocks, according to Goldman Sachs. Goldman analysts said in a note on May 3 that the share price slump in the sector has likely “priced in the lockdown impact.” On top of the supply chain disruptions from Beijing’s strict […]
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Forget Nvidia? Fund manager says another chip firm is ‘the world’s best business’
Investor favorites Nvidia and Advanced Micro Devices have taken a beating this year amid a broader tech sell-off and now look ripe for investors to buy the dip. But fund manager Jordan Cvetanovski is putting his money into other chip stocks — including one he says is “the world’s best business.” The iShares Semiconductor ETF, […]
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Asia-Pacific stocks set for lower start as Fed’s Powell warns he can’t guarantee ‘soft landing’
SINGAPORE — Shares in Asia-Pacific looked set for a lower start on Friday, as investors continue to remain cautious over inflation and the global economic outlook. The Nikkei futures contract in Osaka sat at 25,700, as compared against the Nikkei 225’s last close at 25,748.72. Australian stocks also appeared poised for a lower start, with […]
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Powell says he can’t guarantee a ‘soft landing’ as the Fed looks to control inflation
US Federal Reserve Chairman Jerome Powell speaks during a news conference in Washington, DC, on May 4, 2022. Jim Watson | AFP | Getty Images Federal Reserve Chairman Jerome Powell warned Thursday that getting inflation under control could cause some economic pain but remains his top priority. Powell said he couldn’t promise a so-called soft […]
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What this week’s Terra stablecoin fiasco means for crypto and what investors can learn from it
But UST’s move isn’t the first depegging in stablecoins and it probably won’t be the last. Here’s what you need to know about this week’s Terra fiasco. Source
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