JPMorgan warns UK could see ‘hard landing,’ says interest rates could hit 7%
JPMorgan expects U.K. interest rates to peak at 5.75%, but cautions that they could go higher “under some scenarios,” hitting as much as 7%.
Qatar Airways reports record revenues, bolstered by FIFA World Cup
Qatar Airways announced record annual revenue Thursday after the company’s finances were bolstered by the FIFA World Cup.
‘Life is like it is’: TotalEnergies CEO defends strategy despite calls to cut fossil fuel production
The comments by TotalEnergies CEO Patrick Pouyanne come after French riot police fired tear gas at climate activists trying to prevent the firm’s AGM.
China says it told the U.S. and Europe about the export controls in advance
China’s Ministry of Commerce said Thursday the country told the U.S. and Europe about this week’s export controls in advance.
Janet Yellen arrives in Beijing on mission to find common ground for U.S. and China
Yellen’s trip deepens a thaw in U.S.-China ties, coming weeks after Secretary of State Antony Blinken’s own visit to Beijing in mid-June.
OPEC chief says the search is on for new members of the oil producers’ group
OPEC chief Haitham al-Ghais would not be drawn into disclosing the names of potential new members.
A $12 phone is opening doors for rural India to get on the internet
The telecommunications arm of India’s richest company, Reliance Industries, has launched a $12 internet-enabled feature phone.
Chinese investors are not expecting much stimulus as growth stalls, Goldman Sachs says
Goldman Sachs’ said its clients in mainland China have “low expectations” for further stimulus measures to prop up the economy, the firm’s economists wrote in a Wednesday note.
Bad news for nervous flyers: Turbulence is getting worse as the planet warms
A recent study from researchers at the University of Reading in England provides some insight into how our skies have changed over the past few decades.
South Korea wants to be a top A.I. hub — its memory chip dominance could be an advantage
South Korea is aiming to become one of the world’s top three AI powerhouses by 2027, following closely behind the U.S. and China, according to the nation’s “digital strategy.”
