FedEx’s Forecast Falls Short of Estimates Amid Weak Demand
FedEx Corp. gave a 2024 profit outlook below analyst expectations as a drop in package demand offsets Chief
2023-06-21 17:15
Watch live as Rishi Sunak opens Ukraine Recovery Conference in London
Watch live as Britain hosts the latest Ukraine Recovery Conference. The international event, which runs in London on 21 and 22 June, is focused on the recovery and reconstruction of the war-torn nation and will be attended by governments, international organisations and the private sector. Rishi Sunak and Ukrainian president Volodymyr Zelensky will open the session, before a speech from Denys Shmyhal, Ukraine’s prime minister. “As we’ve seen in Bakhmut and Mariupol, what Russia cannot take it will seek to destroy. They want to do the same to Ukraine’s economy,” Mr Sunak will say. “President Zelensky’s government is determined to drive reforms to become more open, more transparent and ready for investment. This is a vibrant, dynamic, creative, European country that refuses to be subdued.” Other speeches throughout the conference will focus on the scale of recovery, investment in Ukraine’s capital recovery and “building back better” in the energy sector. Read More Budget 2022: Hunt says UK in recession as he announces huge tax rises Jeremy Hunt increases energy windfall tax in budget Jeremy Hunt freezes tax allowances and hits 45p rate payers
2023-06-21 16:27
El Nino Raising Risk of Southeast Asia Haze Crisis This Year
Singapore, Indonesia and Malaysia may face the most severe haze in at least five years due to the
2023-06-21 16:26
South African Consumer Inflation Slows to 13-Month Low in May
South African inflation slowed to a 13 month-low, easing pressure on the central bank to continue raising interest
2023-06-21 16:23
BOE Rate Seen Rising Beyond 6% After Shock Inflation Reading
Traders ramped up bets for further Bank of England interest-rate hikes after another shock inflation reading, pricing the
2023-06-21 15:49
Warnings of Mortgage Crisis Overblown, Says Top BOE Official
Most UK mortgage borrowers can cope at current interest rates and warnings of a housing crisis are overblown,
2023-06-21 15:45
ECB’s Rehn Joins Race to Succeed Niinisto as Finnish President
Finnish central bank Governor Olli Rehn joined the race for the president of the Nordic country in the
2023-06-21 15:24
Apple’s Taiwan Suppliers See Sales Falter Again on Slow Demand
Revenue among Taiwan’s major Apple Inc. suppliers fell for a fourth straight month in May, as high living
2023-06-21 14:25
Canal+ to Buy Minority Stake in PCCW’s Viu Unit for $300 Million
Canal+, the French broadcaster owned by billionaire Vincent Bollore’s Vivendi SE, has agreed to buy a significant minority
2023-06-21 13:58
China Stimulus Calls Mount From State Media, Top Advisers
Chinese policymakers are facing growing calls for economic stimulus, this time from several prominent state media and top
2023-06-21 13:50
European Firms Grow More Pessimistic on Doing Business in China
A record share of European companies say doing business in China is getting more difficult, with some already
2023-06-21 13:45
China Extends Tax Breaks for New Energy Vehicles Until 2027
China extended tax breaks for consumers buying clean cars through 2027, estimated to be worth 520 billion yuan
2023-06-21 13:45