UK Prime Minister Rishi Sunak is facing another rebellion from members of his Conservative Party who want to toughen legislation so websites are forced to introduce more robust age checks to stop children accessing pornography.
Stocks in emerging markets are set to be this decade’s winners, Morgan Stanley Investment Management said, adding to a chorus of investors who are souring on the US in favor of other regions.
Cathie Wood’s flagship strategy is on course for one of its best months on record, joining assets across Wall Street that are so far defying gloomy expectations for the year ahead in emphatic style.
Poland formally asked for Germany’s permission to send Leopard 2 battle tanks to Ukraine, adding pressure on Chancellor Olaf Scholz to grant allies approval to re-export the German-made military vehicle.
UK Chancellor of the Exchequer Jeremy Hunt is considering imposing an emissions levy on steel imports to help shield British manufacturers from slumping demand and high energy prices, according to a person familiar with the matter.
Asteroid-mining startup AstroForge Inc. plans to launch its first two missions to space this year as it seeks to extract and refine metals from deep space.
Russia’s MMC Norilsk Nickel PJSC plans to cut nickel output and slash production of key battery metal cobalt this year, due to delayed plant repairs and a fire at a refinery.
Banks are offloading some of the risky buyout debt that’s weighed down their balance sheets after the expiration of key restrictions.
(Bloomberg) — Ten-year Treasury yields declined more than 80 basis points from early November to mid-January — Bloomberg Economics’ new asset-price decomposition model attributes this mainly to market expectations of a less hawkish Federal Reserve and a looming recession. For the US central bank, the burden of controlling elevated inflation falls increasingly on hopes for favorable supply shocks. If that doesn’t happen, BE’s model suggests Chair Jerome Powell and fellow officials have more work to do to convince investors they’re serious about getting inflation back to their 2% target.
OPEC+ delegates said they expect an advisory committee of ministers to recommend keeping oil production levels unchanged when they meet next week amid a tentative recovery in global demand.
