Britain’s ambition to become a “science superpower” will fail unless the government reverses the country’s reputation as a poor place to invest, the head of the UK’s biggest pharmaceutical lobby group has warned.
Swedish retail sales slumped the most on record in February as soaring inflation and rising credit costs continue to take their toll on the Nordic region’s biggest economy.
US President Joe Biden said he had strong concerns about Israel’s democracy and expressed hope that Israeli Prime Minister Benjamin Netanyahu would reach a compromise with his opponents over a planned judicial overhaul that has sparked widespread protests in the country.
India will hold elections in the populous southern state of Karnataka in May, the results of which will indicate whether the opposition has cut into the popularity of Prime Minister Narendra Modi’s ruling party ahead of general elections next year.
Malaysia’s central bank, which paused its tightening push in the past two meetings, isn’t on a “pre-set” policy path and will remain responsive to evolving conditions including any price flare ups, according to Governor Nor Shamsiah Yunus.
“Boring is good” is the best strategy for emerging-market investors facing concerns over runaway inflation and a global banking crisis, according to one of the top-performing developing-nation bond funds.
Sunac China Holdings Ltd., once among the country’s five biggest developers, said it’s reached agreement with a group of key bondholders as the firm laid out details of a debt-restructuring plan that includes the ability to receive equity.
Hong Kong’s residential property prices are expected to increase this year after the removal of Covid restrictions and the border reopened with mainland China, according to S&P Global Ratings.
Iberdrola SA’s ScottishPower unit signed a £1.5 billion ($1.9 billion) deal with Siemens Gamesa to supply wind turbines for an offshore project in a boost for the UK’s stalling renewable-power sector.
China warned the US and Taiwan President Tsai Ing-wen that any meeting with House Speaker Kevin McCarthy would be a serious provocation, raising the stakes for her trip to the US.
