Zara owner Inditex’s profit jump in first year with Marta Ortega at helm
Combined Inditex in-store and online sales exceeded pre-pandemic levels.
Moody’s retains ‘negative’ outlook on China’s banks amid challenges of emerging from Covid-zero
Ratings agency Moody’s said Wednesday it maintained a “negative” outlook on China’s banking sector due to a drawn out recovery from Covid controls.
Power cuts, war, and hybrid cars are predicted to cause a platinum price surge in 2023
Platinum prices are forecast to skyrocket in 2023 thanks to power cuts in South Africa, war in Ukraine and increased demand for hybrid cars.
Abu Dhabi’s G42 buys ByteDance stake at $220 billion valuation, report says
Abu Dhabi-based artificial intelligence firm G42 acquired a $100 million plus stake in ByteDance, valuing the Chinese unlisted owner of TikTok at $220 billion.
UK government announces spending, tax plans as strike action disrupts schools and travel
U.K. Finance Minister Jeremy Hunt will deliver the government’s Spring Budget at 12:30 p.m. London time on Wednesday.
Asia faces shortage of workers who can fill growing number of tech roles, says job portal operator
Despite layoffs at tech companies, almost “every sector in the economy outside of tech” is hiring tech workers, said CEO of Seek Asia Peter Bithos.
CNBC Daily Open: Regional banks dodge a crisis — for now
Regional banks rebounded, pointing to resilience in the banking sector. Annual inflation in February was 6%, in line with estimates.
Sea Group’s digital bank launches in Singapore to a select group of individuals
Singapore tech giant Sea Group has launched its digital banking services to select members of the public.
The SVB crisis may prompt the Bank of Japan to delay policy changes, says former board member
Any changes to its ultra-dovish monetary policy could be delayed by as much as a year, said Nomura Research Institute economist Takahide Kiuchi.
China battery giant CATL’s $5 billion Swiss listing delayed amid Beijing regulatory concerns, sources say
CATL had expected to receive a green light for the listing in Zurich from the Chinese securities regulator by the end of January, said one of the sources.
