Fresh risk for Adani as MSCI probes free float of group stocks
India’s Adani Group faces new worries, after financial index provider MSCI said it was looking into the free float designation of some company securities.
As demand for Covid vaccines falls, AstraZeneca lines up ‘blockbuster’ products for 2023
Demand for Covid-19 vaccines has dropped, but AstraZeneca has “blockbuster” projects in development that are set to make billions of dollars, according to its CFO.
Bank of England chief says pay raise negotiations should factor in falling inflation
Bank of England Governor Andrew Bailey has urged workers and employers to consider the expected sharp fall in inflation this year when negotiating pay settlements.
Twitter restored in Turkey after meeting with government officials
Twitter was blocked for many Turks for several hours on Wednesday after a series of earthquakes hit Turkey and Syria on Monday.
Unilever says prices hikes will continue into this year, easing in H2
CEO Alan Jope told CNBC we were “past peak inflation but not yet at peak pricing.”
Russian forces are closing in on the strategic city of Bakhmut, giving Ukraine a tough choice to make
Russia recently claimed that its forces have almost entirely encircled Bakhmut. Now, Ukraine has to decide how much longer it will try to defend it.
Shell’s board of directors sued over climate strategy in a first-of-its-kind lawsuit
The case comes shortly after Shell reported its highest-ever annual profit of nearly $40 billion.
NYU’s ‘Dean of Valuation’ says Adani Group exploited ‘weakest links’ in Indian institutions
The finance professor at the Stern school of business said fundamentals “never come into play” for Indian markets.
Siemens raises sales and profit outlook after strong start to 2023
Siemens reported better-than-expected quarterly profit Wednesday and raised its full-year sales and profit guidance, boosted by a strong start to 2023.
Chinese A.I. stocks jump on growing ChatGPT interest, state media warns of risks
Growing interest surrounding OpenAI’s ChatGPT have led China-listed stocks related to artificial intelligence soaring this year so far.
