(Reuters) -Hong Kong’s Cathay Pacific Airways said on Friday it expects to record a profit of up to HK$4.5 billion ($576 million) in the first half of the year as travel demand skyrockets after border reopenings. Cathay Pacific booked record losses in the last three years as it parked much of its fleet during the…
KYIV (Reuters) – A 56-year-old man was injured in an overnight Russian drone strike on Ukrainian President Volodymyr Zelenskiy’s hometown, the central city of Kryvyi Rih, the regional governor said on Friday. The attack damaged a number of buildings in Kryvyi Rih but Ukraine’s air force said 16 of the 17 Iranian-made Shahed attack drones…
By Xie Yu and Julie Zhu HONG KONG (Reuters) – China’s financial regulators have invited some of the world’s biggest investors to a rare symposium next week, three sources said, seeking to encourage foreigners to keep investing in the world’s second-largest economy despite its recent weakness and rising geopolitical tensions. The meeting in Beijing next…
By Kevin Yao BEIJING (Reuters) -China’s central bank will use policy tools such as the reserve requirement ratio (RRR) and medium-term lending facility to weather the challenges facing the world’s second-largest economy, a senior bank official said on Friday. Momentum in China’s post-pandemic recovery has slowed sharply after a brisk pickup in the first quarter,…
By Yimou Lee and Roger Tung TAIPEI (Reuters) – China’s military has been flexing its muscles this week around Taiwan practicing joint force operations far out at sea, ahead of Taipei holding its annual war games at the end of the month when Taiwan will simulate breaking a Chinese blockade. China, which views democratically governed…
By Jamie McGeever ORLANDO, Florida (Reuters) -For the Fed and the U.S. economy, the hard bit starts now. Depending on the length of monetary policy’s ‘long and variable’ lag, a good chunk – perhaps even most – of the Federal Reserve’s 500 basis points of interest rate increases since March 2022 have yet to be…
(Reuters) – Aspartame, a popular artificial sweetener found in Diet Coke, chewing gum, yoghurt and other food products, is a “possible carcinogen” but it remains safe to consume at the existing daily intake guidelines, according to new rulings from two different World Health Organization-linked groups. WHAT IS ASPARTAME? Discovered in 1965 by American chemist James…
(Reuters) – Aspartame, the artificial sweetener used in products from Coca-Cola’s diet sodas to Mars’ Extra chewing gum, is the latest substance to be declared a possible carcinogen by the International Agency for Research on Cancer (IARC). Carcinogens are substances that have the potential to cause cancer to humans. According to the IARC, there are…
By Lewis Jackson, Stella Qiu and Wayne Cole SYDNEY (Reuters) – Reserve Bank Deputy Governor Michele Bullock will take over from Governor Philip Lowe in September and has already flagged that leading the country’s central bank through a period of change will be a major priority. Bullock, the first woman to helm the country’s central…
By Elisa Anzolin MILAN (Reuters) – Italy’s luxury fashion groups, which for decades jealously guarded their independence, have started teaming up to protect their supply chains and the Italian roots of smaller companies, showing a new spirit of collaboration. Control of the supply chain has become increasingly important for luxury brands, ensuring products get to…
