The world faces a recession in 2023 higher borrowing costs aimed at tackling inflation cause a number of economies to contract, according to the Centre for Economics and Business Research.
China’s economy continued to slow in December as the massive Covid-19 outbreak spread across the country, with activity slumping as more people stay home to try and avoid getting sick or to recover.
Jason Moo, who spent more than two decades at Goldman Sachs Group Inc., will become the new chief at the private banking unit of Oversea-Chinese Banking Corp., according to a person with knowledge of the matter.
With Russia’s invasion into its 11th month, President Vladimir Putin said the absence of talks to stop the war is not Moscow’s fault. “It’s not we who refuse negotiations, but they,” Putin said in a TV interview. Russia is prepared to discuss “acceptable outcomes,” he added.
The steepest series of interest rate increases in Colombia is nearing an end as inflation is expected to slow sharply with the economy set for a hard landing next year, the country’s central bank chief said.
Walt Disney Co.’s science-fiction epic Avatar: The Way of Water battled winter storms in the US and Canada to bring in an estimated $56 million in ticket sales this weekend through Sunday.
News Corp. shares gained Friday on a report by Axios that Michael Bloomberg is interested in acquiring the company’s Dow Jones unit.
China’s military said it conducted exercises around Taiwan in response to escalating “collusion and provocations” from Taiwan and the US, after the latter authorized increased military assistance to the island.
Around 20 police divers searched the waters of Berlin’s Landwehr Canal on Sunday as part of the investigation into the 2019 looting of treasures from Dresden’s famous “Green Vault.”
China’s National Health Commission will stop publishing daily Covid-19 case numbers, after the accuracy of its data was questioned as millions were infected nationwide and the official tally remained strikingly low.
