Spain faces at least two months of uncertainty over who will become its next prime minister after right-wing parties seeking to oust Socialist Pedro Sanchez failed to win a majority in Sunday’s election.
Israel’s Parliament was preparing on Monday to pass a law reducing the power of judges to overrule government decisions and appointments, a plan that has sent hundreds of thousands of protesters into the streets and threatens to undermine the country’s economy and security.
Optimism about artificial intelligence boosting demand for semiconductors won’t be enough to offset the challenges from an oversupply of chips and a murky economic backdrop, when companies such as Texas Instruments, Intel and NXP Semiconductors report earnings this week.
ITC Ltd., an Indian tobacco company in which British American Tobacco Plc owns a stake, plans to spin off and list its hotel operations in a much anticipated move to boost its non-cigarette businesses.
The world is baking under extreme heat from California’s Death Valley to Turpan in western China. July is already set to be the single-hottest month on record as interconnected domes of high pressure sit stagnant across the Northern Hemisphere. The conditions are putting the lives of hundreds of millions of people at risk, driving up energy demand and withering crops. Adding further pressure to global food security: Russia’s decision last week to pull out of a deal that allowed Ukraine to safely
Chancellor Olaf Scholz’s administration joined in the political backlash after the leader of the opposition conservative bloc seemingly opened the door to cooperation with the far-right Alternative for Germany.
China’s top leaders signaled more support for the troubled real estate sector alongside pledges to boost consumption and resolve local government debt, though fell short of announcing large-scale stimulus to support the slowing economic recovery.
China omitted President Xi Jinping’s official slogan on curbing housing speculation at a key economic policy meeting, underscoring a deeper shift toward supporting the property market.
Royal Philips NV fell after a decline in new orders and ongoing uncertainties on costs related to a product recall overshadowed a boost to the medical equipment maker’s full-year forecast.
Asia’s largest cigarette maker ITC Ltd. briefly reclaimed its position as India’s most valuable fast-moving consumer goods stock on Monday after ousting Hindustan Unilever Ltd. from the spot.
