UK Prime Minister Boris Johnson resigns

U.K. Prime Minister Boris Johnson on Thursday resigned from office, bringing an acrimonious end to a nearly three-year premiership.

The UK's Boris Johnson has stepped down. Here's what happens next — and who could replace him

Given his extraordinary fall from political grace, there is disquiet over the prospect of Johnson remaining in office for any time at all.

Dow climbs 150 points as Wall Street looks to build on recent gains

The three major averages rose on Thursday, and the S&P 500 was on track for a four-day winning streak.

Top SoftBank exec steps back from role at Vision Fund as pressure mounts on investments

SoftBank's Vision Fund strategy has come under heavy criticism and pressure amid a string of bad bets and a crash in technology stocks this year.

Volkswagen CEO says EV outlook is ‘very good,’ expects to reduce delivery times this year

VW's electrification plans put it in direct competition with companies like Elon Musk's Tesla.

Euro continues to slide toward dollar parity — and could fall even further

The euro dropped below $1.02 on Wednesday, continuing its slide to new 20-year lows and potential parity with the U.S. dollar.

Samsung's 'better than feared' earnings spur chip stock rally

Samsung's second quarter earnings guidance, which provided relief for investors, helped drag up shares of chipmakers TSMC, UMC and SK Hynix.

A self-made millionaire shares her top 18 'recession money rules': It is 'reasonable to be worried'

Worried about a potential recession? Self-made millionaire and finance expert Ann Kaplan says there are several steps you can take to prepare, from renegotiating interest rates to sharpening your shopping habits. Here are some money rules you should start adopting now.

How a former Lehman Brothers banker turned the tables and built a pandemic-proof business

Declan Ee's experience in investment banking, where he "saw many blow-ups," has taught him a thing or two about running his own business.

Shell to build Europe's 'largest' renewable hydrogen plant to help power Dutch refinery

Company says the facility will be "Europe's largest renewable hydrogen plant" when operations start in 2025.

Villas by the sea: Rich Russians fleeing sanctions are pumping up Dubai's property sector

Dubai is seeing its hottest real estate market in years, with sales up 45% year on year in April and 51% in May, according to the Dubai Land Department.

Video game sales set to fall for first time in years as industry braces for recession

Global video game sales are forecast to contract 1.2% to $188 billion in 2022, according to research from Ampere Analysis.

Switzerland surprised markets with a rate hike. But Japan could cause a much more violent reaction

Japan's central bank has remained loose. But it could be nearing an inflection point.

Beijing city tightens Covid vaccine requirements as cases grow nationwide

China's capital city is set to require Covid vaccinations for entering gyms and some other venues, the first mandate at such scale in the country.

Buy the dip in China markets despite Covid concerns, says Bank of America Securities

Investors should take short-term corrections in Chinese markets as buying opportunities, a strategist from Bank of America Securities said.

Malaysia fuel subsidies offer some reprieve from inflation, says economist

Malaysia is in an enviable position because fuel subsidies have shielded households from higher oil prices, according to an economist from Oxford Economics.

These major economies are headed into recession in the next 12 months, Nomura says

Many of the world's leading economies will fall into a recession within the next 12 months, according to the chief economist at brokerage firm Nomura holdings. 

Fed sees 'more restrictive' policy as likely if inflation fails to come down, minutes say

Members said the July meeting likely also would see another 50 or 75 basis point move on top of a 75 basis point increase approved in June.

Soaring rents and electricity prices are squeezing Singapore retailers’ margins

Retail businesses in Singapore are grappling with higher costs as rents rise and energy prices soar.

OPEC Secretary-General Mohammad Barkindo dies at age 63

Barkindo's unexpected death came as a surprise to members of the oil and gas world, many of whom describe him as a giant in the industry. 

Apple introduces Lockdown Mode to protect iPhones from state-sponsored hacking

Lockdown Mode turns off several features on the iPhone in order to make it less vulnerable to spyware.

GM reports worst sales in China since onset of Covid-19 lockdowns

The Detroit automaker said it only sold 484,200 vehicles during the second quarter in China, its largest market globally.

Charts suggest the market could find a bottom after a little more weakness, Jim Cramer says

"The charts, as interpreted by Tom DeMark, suggest that with just a little more weakness, this market's finally got a legitimate chance to bottom," he said.

Australia risks recession and housing downturn after third rate hike

The Reserve Bank of Australia has raised interest rates for the third time in a row on Tuesday.

Biden's move to lift some China tariffs will likely be 'modest' in short term, former trade negotiator says

Biden could soon drop some U.S. tariffs imposed on China, said Clete Willems, a former deputy director of the National Economic Council.

Germany's much-vaunted trade surplus disappears as import prices surge

Germany is no longer exporting more than what it buys from other countries, highlighting the strains that the nation and other European economies are facing from surging energy and food prices.

S&P 500 rises for third straight session as Fed restates commitment to bringing down inflation

Stocks were moderately higher on Wednesday as investors shifted toward defensive sectors.

European gas prices fall after Norway’s government steps in to end oil and gas strike

Norway's government late Tuesday intervened to bring an end to an oil and gas strike that threatened to exacerbate the region's deepening energy crisis.

There's a battle over inflation-linked pay adding to European port contagion

A labor battle at German and Dutch ports is causing weeks of delays in car and furniture exports. For the union, inflation-adjusted pay is a big factor.

Op-Ed: Energy supply fears have Europe in a panic as it tries to avert a full-blown crisis

There will be huge humanitarian and global economic implications if energy prices continue this high and European supplies tighten further.


©MMVIII-MMXXII pretome.info