Earthquake jolts southern Japan’s Ehime, Kochi prefectures
An earthquake with a preliminary magnitude of 6.4 hit southern Japan late on Wednesday, according to the Japan Meteorological Agency.
Top EU official warns on ‘weaponization of trade’ as tensions ramp up between the U.S. and China
The European Union’s trade chief on Wednesday warned against the “weaponization” of trade amid the latest ratcheting up of tensions between the U.S. and China.
Tesla asks shareholders to vote again on Musk’s $56 billion payout
Tesla CEO Elon Musk’s $56 billion pay package will go to another shareholder vote in June, after a Delaware court voided it as excessive.
Middle East tensions pose the biggest threat to rate cuts, European Central Bank policymaker says
Geopolitical risk is the biggest threat to a prospective June rate cut from the European Central Bank, according to ECB policymaker Robert Holzmann.
Risk of a global recession is minimal, IMF economist says — would take ‘a lot to derail’
The Washington DC-based institute this week nudged its global growth outlook slightly higher to 3.2% in 2024.
UAE government unit denies cloud seeding took place before Dubai floods
The NCM said it had tracked the incoming heavy rainfall but did not target any clouds during that period, attributing the storm to natural rainfall.
High company valuations a ‘worry,’ IMF’s capital markets chief says
High corporate valuations could pose a significant risk to financial stability as market optimism becomes untethered from fundamentals, the IMF said Tuesday.
Adidas shares rise 8% after first-quarter profit hike, improved outlook
Shares of Adidas jumped on Wednesday after the company raised its full-year guidance and reported a first-quarter profit hike, according to preliminary figures.
Apple will ‘look at’ manufacturing in Indonesia, CEO Cook says, as China diversification push continues
Apple CEO Tim Cook said the company will “look at” manufacturing in Indonesia, following a meeting with the country’s President Joko Widodo.
Russia is expected to grow faster than all advanced economies this year
The IMF forecast will be galling for Western nations which have sought to economically isolate and punish Russia for its 2022 invasion of Ukraine.
