By Neil Jerome Morales and Enrico Dela Cruz MANILA (Reuters) -Philippines President-elect Ferdinand Marcos gave strong indications that he will maintain continuity in economic policy through his picks for central bank governor and finance minister on Thursday by adding familiar faces to his cabinet. Marcos announced central bank chief Benjamin Diokno would become his finance…
DAVOS, Switzerland — German Chancellor Olaf Scholz has reiterated his conviction that Russian President Vladimir Putin won’t win the war in Ukraine. “He has already failed to achieve all his strategic goals,” Scholz said Thursday in his speech at the World Economic Forum’s annual meeting in Davos, Switzerland. The chancellor said that “a capture of…
DAVOS, Switzerland (AP) — German Chancellor Olaf Scholz expressed hopes Thursday for global cooperation on climate change, hunger and war, while dozens of climate activists demonstrated in the Swiss town of Davos as a meeting of global elites ended with many words but little concrete action to solve the world’s most pressing crises. The German…
By Sonali Paul and Mohi Narayan (Reuters) – Oil prices rose on Thursday, extending a cautious rally this week on signs of tight supply while the European Union (EU) wrangles with Hungary over plans to ban imports from Russia, the world’s second-largest crude exporter, after it invaded Ukraine. Brent crude futures for July settlement gained…
SARAJEVO, Bosnia-Herzegovina (AP) — British Foreign Secretary Liz Truss is visiting Sarajevo on Thursday to reaffirm the U.K.’s commitment to peace and stability in Bosnia amid growing fears of malign influence from Russia in the ethnically-divided Balkan country. During her one-day trip, Truss will meet with top Bosnian officials and announce plans to deepen “security…
TOKYO (Reuters) -Toshiba Corp nominated an executive from M&A advisory firm Houlihan Lokey as chairperson and activist shareholders as outside directors on Thursday, in a board overhaul that could intensify pressure to take the conglomerate private. Toshiba nominated Akihiro Watanabe, the founder of M&A advisory firm GCA Corp, which was recently bought by Houlihan Lokey….
By Lucy Towers and Alistair Smout WEST DRAYTON, England (Reuters) – At west London’s Hooked Fish and Chips, Bally Singh is struggling to keep the tills ringing for a British tradition, with prices sky-rocketing for fish, potatoes, cooking oil and even the flour used for the batter the dish is cooked in. Cranking up their…
TOKYO (AP) — Asian shares gained Friday as investors cheered a strong set of earnings from retailers that has sent U.S. shares higher. Benchmarks were rising in early trading across the region, including Japan, China, Australia and South Korea. “Improved risk sentiments in Wall Street, along with earnings outperformance from Alibaba and Baidu, may aid…
By Aditya Kalra DAVOS, Switzerland (Reuters) – Bright colours and bold logos proudly signal where India has set up base on the main street in Davos this year, as the country trumpets its pro-business and foreign investment drive. Inside a pavilion on the Swiss Alpine resort’s Promenade street beneath an “India @ Davos 2022” logo,…
By Zuzanna Szymanska and Jonathan Cable BERLIN/LONDON (Reuters) – German home prices will rise faster this year than thought only three months ago, as a supply shortage outweighs a deepening cost of living crisis and the prospect of higher interest rates, a Reuters poll found. However, the resulting squeeze on disposable incomes is expected to…
