China removes six officials after Manchester consulate incident, UK says
Police wanted to question the officials over the treatment of a man who said he was beaten up while protesting outside the Chinese consulate in Manchester.
Bank of England seen hiking by a half-point as inflation shows signs of peaking
The Bank of England faces the unenviable task of navigating a slowing economy, sky-high inflation and an extremely tight labor market.
Morocco airline cancels World Cup fans’ flights, citing Qatar restrictions
Royal Air Maroc cancelled Qatar Airways-operated flights intended to carry fans to the World Cup semi-final in Doha.
London suffers IPO ‘drought’ as fund raising plunges by 90% this year
Analysts said the market had cooled due to weak economic growth forecasts, rising interest rates and wariness around the performance of British firms.
Decade ahead will be great for investing but we’ll need to wait 12 months first, CIO says
Investors will need to wait out the next year to reap the financial rewards of the next decade according to Bill Smead from Smead Capital Management.
Binance CEO says deposits are ‘coming back in’ but sees ‘bumpy’ road ahead for the crypto firm
Binance CEO Changpeng Zhao on Wednesday said that the situation has “stabilized” at his cryptocurrency exchange in a bid to assuage investors’ fears.
Goldman and Citi love these two beaten-down tech giants and expect them to rebound in 2023
Two Big Tech stocks are highly favored by these Wall Street firms in the new year.
UK inflation falls from 41-year high as fuel price surge eases
U.K. inflation came in slightly below expectations at 10.7% in November, as cooling fuel prices helped ease price pressures.
Morgan Stanley upgrades its 2023 growth outlook for China, expects stronger and earlier rebound
Morgan Stanley raised its outlook for China’s economy in 2023 on a rebound in activity that the firm predicts will come earlier and sharper than expected.
European Central Bank set for 50 basis point rate hike on hopes that inflation has peaked
The European Central Bank will continue to hike benchmark rates, albeit at a slower pace, with inflation expected to be close to a peak.
