Global News

27/02/2023

22/01/2023

Germany must reduce its dependence on China gradually as decoupling from the Chinese market would costs jobs in Europe's biggest economy, Finance Minister Christian Lindner was quoted as saying on Sunday.
Germany is working on a new China strategy that takes a more sober view of relations and aims to reduce dependence on Asia's economic superpower, which has been the country's top trading partner since 2016.

22/01/2023

Retired general Petr Pavel held a 15 percentage point lead over billionaire ex-premier Andrej Babis heading into a Jan. 27-28 presidential run-off vote, a Czech Television poll showed on Saturday.
The two are squaring off in a second round vote starting next Friday after Pavel narrowly won over Babis in the first round of the election last weekend, although neither scored a majority of votes.

21/01/2023

Jaguar Land Rover (JLR) on Monday forecast free cash flow for the third quarter at more than 400 million pounds ($485 million), after reporting a 15% rise in wholesale volumes for the period on strong demand and improved chip supply.
The British automaker, in its earnings statement for the second quarter, had forecast a positive cash flow for the second half of fiscal year 2023 and "near breakeven" for the full year.

21/01/2023

The OPEC Fund for International Development, a development institution established by the Organization of the Petroleum Exporting Countries' member governments nearly 50 years ago, has raised $1 billion by selling its first ever bond.
With the money earmarked for food security, healthcare, infrastructure, education, employment and renewable energy projects, the three-year bond which will pay investors an interest rate of 4.5%, will also be classed as a 'sustainable development' bond.

20/01/2023

(Reuters) - British power generator and network operator SSE (LON:SSE) Plc on Friday raised its annual earnings forecast, helped by strong market conditions amid a surge in energy prices.
The company said it now expects adjusted earnings per share of more than 150 pence for fiscal year 2023, up from the previous outlook of at least 120 pence.

20/01/2023

LONDON (Reuters) -Inflation-pinched British shoppers unexpectedly cut their spending in December, official data showed on Friday, dashing hopes for a Christmas shopping boost for the country's flagging retail sector.
Retail sales volumes fell by 1% in December from November, the Office for National Statistics said.
A Reuters poll of economists had pointed to a 0.5% monthly rise in sales in the key Christmas month.

20/01/2023

20/01/2023