Germany predicted to be the only major European economy to contract this year as recession lingers
New economic forecasts show Germany is likely to contract by 0.4% this year.
To counter China, Biden is backing the World Bank for a bigger role on the global stage
World Bank needs investments from the private sector to steer greater change, says president
Long visa wait times are holding back a rebound in China’s international travel
Long wait times for visa applications are keeping people in China from traveling internationally as much as they’d like to, said Trip.com CEO Jane Sun.
Britain says BMW to make multimillion pound investment in electric Mini output
BMW will make a multimillion pound investment in its electric Mini production in Britain, the business ministry said on Monday, a move which secures 4,000 jobs.
North Korea’s Kim Jong Un reportedly on train to Russia as Kremlin confirms visit is happening
Russian President Vladimir Putin will meet his North Korean counterpart Kim Jong Un this week, the Kremlin confirmed Monday.
Seat massages, smartphones and driverless features: Automakers turn to tech to take on Tesla
Traditional automakers are looking to boost the software and driverless features of their cars in a bid to catch up to Tesla and appeal to Chinese consumers.
Moroccans sleep in the streets for 3rd night following an earthquake that took more than 2,100 lives
Soldiers and international aid teams in trucks and helicopters began to fan into remote mountain towns hit hardest by a historic earthquake.
Western sanctions on Russia could push the BRICS alliance closer
Sanctions imposed by the West on Russia are pushing the BRICS nations closer, said executives at the recent annual APPEC conference.
For Western firms, the risk of leaving Russia could be higher than staying
The window to leave Russia is shrinking. But by staying put, companies risk getting caught in a geopolitical crossfire.
Bank of England bond sales creating a ‘selling gold at the bottom’ moment, strategist says
“In our view, the actions of the … Bank of England could again mark the bottom of the market,” says Christopher Mahon of Columbia Threadneedle.
