Fed paper argues ‘bleak’ stock market returns could slide to 2% annually
The paper sees “significantly lower profit growth and stock returns in the future.”
Unrest erupts for third day in France over police shooting of teen, thousands hold vigil
Television images showed protests setting up road barricades and hurling projectiles at lines of police, who fired back with tear gas.
Virgin Galactic completes first commercial flight in major step for space tourism company
Space tourism company Virgin Galactic completed its long-awaited first commercial spaceflight, called Galactic 01, on Thursday.
Three charged with insider trading ahead of Trump Media SPAC deal
Michael Shvartsman, Gerald Shvartsman, and Bruce Garelick allegedly reaped more than $22 million in illegal profits from insider trading.
Sweden’s krona hits new record low as central bank hikes and plays down currency intervention
The policy rate now sits at 3.75% and the figure is in line with forecasts made by analysts polled by Reuters.
Israel’s Netanyahu concerned its defense systems may reach Iran if sent to Ukraine
Israel’s Benjamin Netanyahu hinted that if defense systems used by Ukrainian forces were to fall into Russian hands, they could end up in Iran.
A shipping emissions showdown stands in the way of one of the biggest climate deals of the decade
The U.N.’s International Maritime Organization is expected to update its current shipping emissions target, but many are concerned about the pace of the cuts.
UK PM Sunak dealt blow as court rules Rwanda deportation plan unlawful
The three senior appeal court judges ruled, by a majority, that Rwanda could not be treated as a safe third country.
H&M shares jump 17% as summer collection boosts profit
H&M, which has lagged Zara owner Inditex, has sought to raise its fashion appeal and boost its higher-priced brands.
Second night of unrest erupts in France after police shoot teenager
The use of lethal force by officers against the teenager, who was of North African origin, has fed into a deep-rooted perception of police brutality.
