By Shreyashi Sanyal (Reuters) – Travel and leisure shares propped up U.S. stock index futures after China relaxed some COVID-19 quarantine requirements for international travelers, raising hopes of a revival in global growth. Airlines, cruises, casinos and hotels were among the gainers in premarket trading after China’s slashing of the quarantine time for inbound travelers…
BERLIN (AP) — Members of the Group of Seven major economies pledged Tuesday to create a new ” climate club ” for nations that want to take more ambitious action to tackle global warming, putting them on a possible collision course with China. The idea, championed by G-7 summit host German Chancellor Olaf Scholz, will…
MOSCOW (Reuters) – A Moscow court said it had fined video streaming service Twitch, social network Pinterest, holiday rental company Airbnb and United Parcel Service (UPS) on Tuesday for refusing to store Russian citizens’ personal data in Russia. Moscow has clashed with Big Tech over content, censorship, data and local representation in a simmering dispute…
SINTRA, Portugal (AP) — The head of the European Central Bank said Tuesday that it will move gradually to combat soaring consumer prices with interest rate hikes in July and September but will keep its options open to “stamp out” inflation if it surges faster than expected. In a speech opening an ECB forum on…
ELMAU, Germany (AP) — Leaders of the world’s biggest developed economies said Tuesday they would explore far-reaching steps to cap Russia’s income from oil sales that are financing its invasion of Ukraine and struck a united stance to support Kyiv for “as long as it takes” as the war grinds on. The final statement from…
By Samuel Indyk LONDON (Reuters) – Global shares moved into positive territory on Tuesday while oil prices firmed following China’s decision to ease some quarantine requirements for international arrivals that raised hopes for stronger growth and a revival in demand for commodities. China slashed the quarantine time for inbound travellers by half in a major…
BANGKOK (AP) — Global stocks were mostly higher Tuesday after a wobbly day on Wall Street as markets cooled off following a rare winning week. Oil prices pushed higher and U.S. futures also advanced. As they wrapped up a summit in Elmau, Germany, Group of Seven leaders were finalizing a deal to seek a price…
By Makiko Yamazaki TOKYO (Reuters) -Toshiba Corp shareholders voted in two board directors from activist hedge fund investors at its annual general meeting on Tuesday – an inclusion that is expected to add momentum to its exploration of potential buyout deals. Nabeel Bhanji, a senior portfolio manager at Elliott Management, and Eijiro Imai, managing director…
ZURICH (Reuters) – Switzerland needs two big banks to fuel competition, the chief executive officer of Julius Baer said in a newspaper interview amid speculation about the future of Credit Suisse, the second-biggest lender after UBS. “Competition stimulates business. Two healthy and strong big banks are important for the Swiss financial centre,” Philipp Rickenbacher told…
HONG KONG (AP) — Every few generations, Hong Kong transforms itself, evolving from a swampy fishing village to 19th century colonial port, to capitalist outpost and factory after China’s 1949 revolution, to 21st century financial center. As the former British colony marks the 25th anniversary of its return to China, reeling from pandemic curbs that…
