(Reuters) – HSBC on Tuesday lowered China’s economic growth forecast for this year, citing drag from the property sector, and tempered business and household confidence. The global bank now forecasts China’s gross domestic product (GDP) to grow at 5.3% in 2023, from 6.3% expected earlier. Last week, brokerages including J.P. Morgan and BofA Global Research…
(Reuters) – Qantas and Airbus have finalised an incremental order for nine Airbus A220-300s aircraft, the companies said at the Le Bourget air show in Paris on Tuesday. Qantas had said it planned to order additional A220s in February this year. (Reporting by Pierre John Felcenloben in Gdansk; Editing by Milla Nissi)
By Andrew MacAskill and Muvija M LONDON (Reuters) -Britain’s parliament delivered another blow to the political career of former prime minister Boris Johnson on Monday when it endorsed a report that concluded that he deliberately lied over rule-breaking parties. Johnson abruptly resigned from parliament earlier this month after seeing an advance copy of the findings…
BERLIN (Reuters) -German producer prices rose at their slowest pace in more than two years in May, according to data released on Tuesday, in a further sign inflation in Europe’s largest economy is easing. Producer prices of industrial products were up 1.0% compared with May 2022, the Federal Statistical Office reported. That is the smallest…
By Tim Hepher, Joanna Plucinska and Aditi Shah PARIS/DELHI (Reuters) -Europe’s Airbus secured a historic deal on Monday involving the most jets ever bought by a single airline, with an order for 500 narrowbody jets from Indian budget carrier IndiGo on the opening day of the Paris Airshow. The multibillion-dollar deal eclipses Air India’s combined…
By Tim Hepher, Joanna Plucinska and Aditi Shah PARIS/DELHI (Reuters) -Europe’s Airbus secured a historic deal on Monday involving the most jets ever bought by a single airline, with an order for 500 narrowbody jets from Indian budget carrier IndiGo on the opening day of the Paris Airshow. The multibillion-dollar deal eclipses Air India’s combined…
By Kate Holton OXFORD, England (Reuters) – For Ros Deegan, the thrill of raising $100 million to expand a biotech firm among the dreaming spires of Oxford was soon tempered: unable to find a bigger laboratory, she routinely had to work at home. Not far away in the rival academic centre of Cambridge, biochemist Catherine…
By Tom Balmforth NEAR KYIV, Ukraine (Reuters) – At a glance on a clear summer’s afternoon, the U.S.-made Avenger air defence system is barely visible in the shadow of trees at the end of a dirt track outside Kyiv. The short-range unit is an important part of a three-layered air defence network that Ukraine is…
(Reuters) -Australia’s largest private health insurer Medibank Private on Tuesday said a file containing names and contact details of staff members had been compromised after its property manager faced a cybersecurity breach. The incident comes at a time when Medibank is dealing with the fallout of a cyber incident it faced in October, where data…
By Gaurav Dogra and Patturaja Murugaboopathy (Reuters) – Asian bonds attracted their highest monthly foreign inflows in about two years in May, boosted by hopes of less aggressive monetary tightening measures from the U.S. Federal Reserve. Foreigners purchased a net $10.1 billion worth of bonds in India, Indonesia, Malaysia, South Korea and Thailand, marking their…
