Nomura, Barclays cut China 2023 GDP forecasts as recovery sputters
BEIJING Nomura has cut its forecast for China's 2023 gross domestic product (GDP) growth to 5.5% from 5.9%
2023-05-17 18:25
As household budgets tighten, big brands double down in dollar stores
By Jessica DiNapoli NEW YORK Makers of brand-name household basics like Dunkin' coffee and Schick razors are bulking
2023-05-17 18:22
Marketmind: Fed rates to stay higher for longer, debt drama goes on
A look at the day ahead in U.S. and global markets from Samuel Indyk. The Federal Reserve is
2023-05-17 18:17
Man Utd takeover: Sheikh Jassim launches even bigger last-ditch bid to buy football club
The Qatari billionaire Sheikh Jassim bin Hamad bin Khalifa Al Thani has raised his bid for Manchester United by making a fourth and last-ditch offer for the club, which is understood to be closer to £5 billion. The businessman has made a late intervention after the lifelong United fan, and petrochemicals billionaire, Sir Jim Ratcliffe had submitted his third bid which valued United at a higher figure. As with all of Sheikh Jassim’s previous proposals, he is trying to buy 100 percent of the club, where the Glazer family are current majority shareholders. The Qatari has also pledged to clear United’s debt of £536 million and has promised a separate fund directed at the club and the community. Ratcliffe’s most recent bid allowed Joel and Avram Glazer, two of the six siblings whose father, Malcolm, bought the club in 2005, to retain a stake while aiming to complete a takeover in the next few years. The American merchant bank the Raine Group are overseeing the process for the Glazers. There have been three previous rounds of bids, without seeming to meet the Glazers’ valuation, though Ratcliffe had emerged as the favourite to complete a deal. Read More Eddie Howe: Football must learn from my confrontation with fan Dimitar Berbatov warns Harry Kane not to ‘tarnish’ Tottenham legacy by leaving You’re asking the wrong person – Emma Hayes not interested in title permutations
2023-05-17 18:15
EU seeks to simplify customs system, tighten up on e-commerce
By Philip Blenkinsop BRUSSELS The European Commission proposed on Wednesday a reform of customs rules for the surge
2023-05-17 18:15
UK Cracks Down on Landlords in Private Rental Sector Reform
The UK government is preparing to lay out a series of extra protections for tenants in the biggest
2023-05-17 17:58
Court orders Theranos founder Elizabeth Holmes to go to prison
Holmes was also ordered to pay $452m in restitution to the victims of the scandal.
2023-05-17 17:57
Wall Street’s Dependence on London Clearing Worries EU Watchdog
Wall Street banks have made “no significant moves” away from London’s dominant clearing service since Brexit, raising concerns
2023-05-17 17:56
Elon Musk Says Tesla Will Try Advertising
Tesla Inc. Chief Executive Officer Elon Musk said the electric-car maker will dabble in advertisements, a major shift
2023-05-17 17:56
It’s the G-7 Versus China and Russia in the Struggle for Global Influence
The tussle for global influence is about to intensify, as China, Russia, the US and its allies step
2023-05-17 17:54
Indonesian IT minister arrested for alleged corruption in procurement
Indonesian authorities have arrested the information technology minister as part of an investigation into a million-dollar corruption scandal linked to the construction of mobile phone transmission towers in remote regions
2023-05-17 17:48
Swiss Government Wants to Enshrine Cash in the Constitution
The Swiss government wants to enshrine the availability of cash in the constitution and will let citizens decide
2023-05-17 17:46