Greece’s Kyriakos Mitsotakis trounced the opposition in Sunday’s general election, giving the former prime minister a resounding mandate for the next four years and assuring markets that he’ll be able to implement investor-friendly policies.
HSBC Holdings Plc is planning to leave its Canary Wharf headquarters and downsize to a smaller office in the City of London, the latest sign of how a shift to flexible work is reshaping demand for offices and another blow to the Docklands district.
Russian mercenary chief Yevgeny Prigozhin’s announced relocation to Belarus has created a new threat to the country’s independence as well as the safety of its NATO neighbors, exiled opposition leader Sviatlana Tsikhanouskaya said.
Chinese stocks declined in catch-up trade as weak holiday spending data added to concerns that the recovery has lost momentum.
Binance is reeling under the impact of increased regulatory scrutiny, with the exchange platform’s market share languishing near a one-year low, according to data from research firm Kaiko.
China stocks are poised to fall further after the Shanghai Composite Index dropped below its critical 200-day moving average support level. The gauge declined 1.5% on Monday after weak tourism spending data during the dragon boat festival added to concerns that recovery in Asia’s largest economy has lost momentum amid a lack of aggressive stimulus. The four-day losing streak has brought the measure to its lowest level since Jan. 4 and just under 2% from erasing all its gains for the year.
China’s smartphone shipments jumped 22.6% in May, accelerating sharply from previous months in a positive sign for the country’s struggling mobile device industry.
Sweden’s Samhallsbyggnadsbolaget i Norden AB has entered into exclusive discussions with Brookfield Asset Management to sell its remaining 51% stake in a subsidiary as the troubled landlord seeks to pay off debt.
Associated British Foods Plc raised its outlook for the full year as consumers battling a cost-of-living crisis manage to absorb higher prices for food, ingredients and clothing.
The M&A wave has rippled through to the automotive industry, with luxury carmaker Aston Martin striking an EV supply deal that adds US company Lucid to its growing band of shareholders. Meanwhile, Renault sold a 24% stake in its UK Formula 1 unit to private equity firms, including American actor Ryan Reynolds-led Maximum Effort Investments.
