European Central Bank’s Knot says monetary policy to ease ‘gradually,’ as markets brace for June rate cut
“Policy rates will slowly but gradually move into less restrictive levels,” European Central Bank Governing Council member Klaas Knot said Tuesday.
Samsung faces probe after two chip workers exposed to radiation, authorities say
South Korean authorities are investigating Samsung after two workers at one of the tech giant’s plants were exposed to radiation.
Global debt has grown to $315 trillion this year — here’s how we got here
The world is mired in $315 trillion of debt, according to a report from the Institute of International Finance.
ConocoPhillips to buy Marathon Oil in $17 billion all-stock deal that bolsters shale assets
The acquisition will add 2 billion barrels of resources to ConocoPhillips’ portfolio, extending its reach in shale fields in Texas, New Mexico and North Dakota.
Saudi Aramco to reportedly sell $10 billion to $20 billion worth of shares in new offering
The reported new offering would come at an opportune time for the kingdom, which is spending heavily on megaprojects while seeing lower oil revenue.
Turbulence-hit Singapore Airlines flight fell 54 meters in less than five seconds, investigation finds
The Singapore Airlines flight that last week encountered severe turbulence on its way from London to Singapore dropped 54 meters in less than five seconds.
Apple to open first store in Malaysia as Asia expansion continues
The move to open a Malaysia store continues Apple’s push to expand sales across Asia outside of China, a market that Apple has struggled in of late.
Samsung Electronics’ union threatens first ever walkout next week
A Samsung Electronics union in South Korea will stage its first ever walkout over demands for higher wages, union officials said on Wednesday.
Macron says Kyiv should be allowed to use Western weapons on Russian military sites; Blinken travels to Moldova
French President Emmanuel Macron said Tuesday that Kyiv should be allowed to use Western arms against Russian military sites used to target Ukraine.
Nasdaq closes at record high, Fed’s Kashkari seeks more inflation data for rate cuts, GameStop soars
Texas Instruments has become the latest company targeted by activist investor Elliott, which has taken a $2.5 billion stake in the chipmaker.
