A stalemate in the Ukraine war could now be the best-case scenario, analyst says
Russia’s recent momentum has prompted concerns that a stalemate might be the “best-case scenario” that Kyiv can hope for this year.
The global gas glut could reach multi-decade highs in the coming years, Morgan Stanley says
A warmer-than-normal winter has dampened demand for heating and consequently gas in key LNG consuming countries.
Japan approves additional $3.9 billion in subsidies for chip firm Rapidus to meet semiconductor goals
Japan is trying to play catch up with other countries such as Taiwan and South Korea in semiconductor manufacturing.
Here are the best places in the world to do business
“Singapore will remain the best geography in the world to do business, as it has for the past 16 years,” according to the EIU’s business environment ranking.
Xiaomi shares pop 16% after the Chinese smartphone maker launches its first EV
Shares of Xiaomi surged am much as 16% on Tuesday, the first trading day since the company launched its SU7 electric car ahead of the Easter holiday.
Indian carmakers end fiscal 2024 at record levels as March sales rise
Maruti Suzuki, Tata Motors and Mahindra & Mahindra reported higher car sales in March, wrapping up fiscal 2024 at record levels, showed data from automakers.
Iran says Israel bombs its embassy in Syria, kills commanders
Suspected Israeli warplanes bombed Iran’s embassy in Syria that Iran said killed seven of its military advisers and marked a major escalation in Israel’s war.
Australia central bank to shift to ample reserve system to set rates
Australia’s central bank intends to change how it provides liquidity, moving to one that provides ample liquidity through regular money market operations.
CNBC Daily Open: Fights in the House of Mouse
Walt Disney is confronted with investor activism and a succession race.
Asia markets mixed as investors assess a slew of economic data; Hong Kong gains over 2%
Xiaomi Corp shares jumped 15%, leading gains on the Hang Seng index, while investors assessed economic data from South Korea, India and Australia.
