UK borrowing rates close in on last year’s ‘mini-budget’ crisis levels
New data on Wednesday showed that the U.K. consumer price inflation rate fell by less than expected in April.
Canada, Saudi Arabia rekindle diplomatic relations after 2018 human rights rift
Canada has now appointed Jean-Philippe Linteau as new ambassador to Saudi Arabia.
Call to ‘Buy Japan’ is premature, say Bank of America analysts
Strategists say the approach to buy Japanese stocks as well as the yen — could be one for next year, not this year.
German economy enters recession as first-quarter GDP data is revised lower
The German economy entered a technical recession in the first quarter of this year, after posting a contraction of 0.3% over the three-month period.
European markets head for cautiously higher open as debt ceiling talks overshadow sentiment
European markets are heading for a cautiously higher open Thursday, reversing negative sentiment seen yesterday on the back of ongoing U.S. debt ceiling talks.
Turkey’s runoff election is paralyzing key oil exports from northern Iraq
The Turkish port of Ceyhan typically ships out exports of Iraq’s northern Kirkuk crude oil.
Solar investment set to overtake oil production and attract over $1 billion a day in 2023, IEA says
The effect of coal, gas and oil on the environment is considerable.
China’s Lenovo shrugs off concerns that global PC market is shrinking
Global personal computer demand continued to slump and revenues fell for a third consecutive quarter but China’s PC maker Lenovo is not worried.
Milk prices in the world’s dairy powerhouse India have spiked 15%
India is facing an increase in milk prices on the back of higher feed costs, an increase in demand for sweets, and a contagious cattle disease.
Singapore’s GDP grew 0.4% year-on-year, beating advanced estimates
Gabriel Lim, trade ministry permanent secretary, said the external demand outlook for the rest of the year had weakened.
