No exit ramp for Fed’s Powell until he creates a recession, economist says
The U.S. Federal Reserve is likely to hike interest rates to at least 6.5% if the economy does not enter a mid-year recession, according to TS Lombard Chief U.S. Economist Steven Blitz.
I have always worked twice as hard as men to be equal, IMF chief says
IMF Managing Director Kristalina Georgieva says she had to work “twice as hard” to be equal to her male colleagues.
Ukraine is vowing to defend ‘fortress’ Bakhmut as Russian forces surround it: Here are 3 reasons why
It looks increasingly likely that Russia will be able to capture Bakhmut, but Kyiv has key reasons for trying to hold onto the besieged city in eastern Ukraine.
China plans to revamp finance, tech oversight
China plans to overhaul its financial regulatory system by consolidating aspects of the central bank and securities regulator under a new entity.
Cathay Pacific posts wider $834 million loss in 2022, remains upbeat on outlook
Cathay was badly hit by Covid-related flight cancellations, border closures and strict quarantine measures for crew, resulting in drastic headcount reductions.
BlackRock says the Federal Reserve could hike interest rates to a peak of 6%
BlackRock’s chief investment officer of global fixed income Rick Rieder wrote in response to Fed Chair Jerome Powell’s testimony before a Senate committee.
China logs nearly 40 million entry-exit trips in two months
Chinese citizens flocked to travel sites and airports after the country re-opened its borders, allowing people to take advantage of travel.
The Fed plans to keep hiking, but Australia is set to pause as it warns of recession risks
As Federal Reserve Chair Jerome Powell hints at bigger and possibly faster rate hikes ahead for the U.S., Australia’s central bank could be headed toward a different path.
‘Europe is very much open for you’: Germany backs EU membership bid of Russia’s neighbor Georgia
German Vice Chancellor Robert Habeck on Monday backed the European Union membership bid of Russia’s Caucasus neighbor, Georgia.
This woman gave up law to start a restaurant — and turned it into a successful street food chain
Indian street food chain Mowgli now has almost twenty branches across the U.K. Its founder, Nisha Katona, has some advice for women entrepreneurs.
