Wheat prices jump by nearly 6% after Russia withdraws from vital Ukrainian export deal
Global wheat prices have risen following Russia’s withdrawal from the Black Sea grain export deal.
Biden lost temper with Zelenskyy in June phone call when Ukrainian leader asked for more aid
Biden had barely finished telling Zelenskyy he’d just greenlighted another $1 billion in military assistance when the Ukrainian president started listing all the additional help he needed.
Germany’s pension system will collapse without reform, influential lobby group says
Germany’s pension system will collapse without reform, employment association president tells German newspaper Bild.
Euro zone inflation hits record high of 10.7% as growth slows sharply
Preliminary data on Monday showed headline inflation came in at an annual 10.7% this month — the highest ever on record.
Credit Suisse shares are a ‘steal,’ say new Saudi backers after taking 9.9% stake
The chairman of one of Credit Suisse’s newest and biggest shareholders called on the beleaguered bank to deliver a swift overhaul and return to a “very stable, conservative Swiss banking posture.”
Shanghai Disney shuts over Covid, visitors unable to leave
Shanghai’s Disney Resort abruptly suspended operations on Monday to comply with Covid-19 prevention measures.
These global stocks surged last week, and analysts give them further upside
A number of U.S. health care and pharmaceutical stocks had big gains last week, and analysts say they’ve got further to go.
China’s factory activity drops, bogged down by more Covid controls
China’s factory activity declined in October due to frequent Covid outbreaks, the National Bureau of Statistics said Monday.
Stellantis says Jeep joint venture in China to file for bankruptcy
The venture between Stellantis and Guangzhou Automobile Group producing Jeep vehicles in China is filing for bankruptcy, Stellantis said on Monday.
Chinese tech giants’ push into U.S., Europe’s markets sets up potential clash with Amazon
ByteDance has launched a fashion website called If Yooou while Pinduoduo started an e-commerce site called Temu, selling items from electronics to clothing.
