CK Hutchison Holdings Ltd.’s profit rose about 10% in 2022, topping analyst estimates, as a diversified global portfolio and major deals helped the conglomerate founded by billionaire Li Ka-shing weather headwinds including China’s Covid lockdowns, a downturn in Europe and currency fluctuations.
France’s Senate passed the government’s plan to reform its pension system on Thursday, including raising the country’s retirement age by two years to 64.
Germany’s economy ministry said the outlook is showing signs of improvement even if a mild recession with two consecutive quarters of contraction remains possible.
Baidu Inc. debuted China’s answer to ChatGPT via a recorded video, disappointing investors hoping for a real-time demo of the country’s highest-profile entry in a race to dominate transformative technology.
Chinese state media blamed political infighting and poor financial regulation in the US for recent bank failures, escalating the two nations’ war of words amid simmering tensions.
OPEC+ will probably wait for financial markets to calm before deciding whether it needs to react to oil’s rout by cutting production, according to consultancy Energy Aspects Ltd.
Chancellor of the Exchequer Jeremy Hunt said he’s optimistic about reaching a pay deal with health unions as soon as Thursday to avert further strikes by nurses and ambulance workers.
John Lewis Partnership Plc canceled staff bonuses for the second time in three years and warned of fresh job cuts after reporting a large loss amid intense competition in the British retail market.
Charoen Pokphand Group Co. is exploring an initial public offering of its seed and animal feed business in Thailand that could raise as much as $1 billion, according to people with knowledge of the matter.
Whether fixing ties with Iran or reaching out to Israel, Mohammed bin Salman has one top priority: ensuring his multi-trillion-dollar vision to transform Saudi Arabia stays on track.
