Container terminal giant DP World took a cautiously upbeat view on global economic prospects, saying World Bank warnings on slower growth and an increased threat of recession may be overly pessimistic.
Global markets got a sugar rush when China reverted to pro-growth policies in late 2022, and some are arguing it’s not too late to join the rally.
China’s reopening and the resilience of advanced economies provide hope for the world to weather 2023 even if some struggle to grow, according to a panel in Davos on the prospect of a recession.
Lim Beng Kim, a former chief financial officer of commodities firm Agritrade International Pte, was sentenced to 20 years jail in Singapore for defrauding over a dozen banks and causing almost $500 million in losses.
OPEC’s top official said he’s “cautiously optimistic” about the outlook for the global economy, as a recovery in oil demand in China is tempered by signs of fragility elsewhere.
UK tech bosses may face jail for failing to protect children from online harms after Prime Minister Rishi Sunak prepared to bow to the demands of Conservative Party rebels and amend legislation wending its way through Parliament.
Vietnam’s president stepped down and was ousted from the Communist Party’s top bodies in an unparalleled shakeup, as leader Nguyen Phu Trong’s anti-corruption purge casts an ever-widening net.
Chancellor Olaf Scholz has put forth Boris Pistorius to be Germany’s new defense minister, filling a critical role in his cabinet after Christine Lambrecht resigned on Monday following a series of missteps.
Chinese carmaking giant BYD Co. will start selling vehicles this quarter in the UK, where electric cars are seizing a growing share of the market.
Ryan Cohen enthralled a generation of stock market punters by placing counter-intuitive bets on household names from GameStop Corp. to Bed Bath & Beyond Inc. Now, the activist investor is taking on Chinese icon Alibaba Group Holding Ltd. — and he may find himself at odds with the Communist Party in Beijing.
