Un Forecasts Fall in Global Economic Growth to 19 in 2023
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Hermes Posts Sales Growth Across All Markets
Hermes sales grew across its regions in the first three months of the year, helped by its wealthier client base during a quarter that was expected to be challenging for the luxury sector as a whole.The Wall Street Journal - Business -
Biden delivers remarks on the CHIPS Act and job growth
Watch live coverage as President Biden delivers remarks on how the CHIPS and Science Act are growing the economy and creating jobs.NBC News - Top stories - Joe Biden -
Microsoft cloud growth accelerates on back of AI push
Microsoft saw a pickup in the segment containing video games after buying publisher Activision Blizzard in October.CNBC - Business - Microsoft -
Mix of Slowing Growth, Firm Inflation Worries Investors
Another high inflation reading will continue to make it difficult for the Fed to cut rates in the near term.The Wall Street Journal - World -
Kim Jong Un tested a new rocket that could hit Seoul — and may aid Russia against Ukraine
Yahoo News - World - Ukraine -
UN warns Sudan paramilitary forces are encircling a capital in western Darfur, urges against attack
Yahoo News - World - United Nations -
Meta proves AI hype has its limits
Artificial intelligence is a multibillion-dollar project with no clear timeline for revenuesFinancial Times - Business - Meta -
Meta proves AI hype has its limits
Artificial intelligence is a multibillion-dollar project with no clear timeline for revenuesFinancial Times - Business - Meta -
The colonialist overtones of EU’s green trade crusade
Many middle-income countries show reserves of pragmatic tolerance that Europeans do not necessarily deserveFinancial Times - Business -
Is Britain suffering from a ‘sick note culture’?
Rishi Sunak has vowed to get people back to work but data indicates problems with the diagnosis — and proposed solutionFinancial Times - Business - United Kingdom -
Meta proves AI hype has its limits
Artificial intelligence is a multibillion-dollar project with no clear timeline for revenuesFinancial Times - Business - Meta -
Stocks Fall After GDP, Inflation Data
Stocks and government bonds fell sharply after fresh data showed the U.S. economy slowed in the first quarter.The Wall Street Journal - World -
Stocks on Track for Weekly Gains as PCE Inflation Hits 2.7%
Stocks climbed, putting the major U.S. indexes on course for weekly gains despite another round of firm inflation data.The Wall Street Journal - World -
U.S. Natural Gas Futures Fall
U.S. natural gas futures lost ground but settled off the day’s lows.The Wall Street Journal - World -
The U.S. fertility rate fell to 1.62 births per woman in 2023, a 2% decline from a year earlier and the lowest rate since the government began tracking it in the 1930s.
The U.S. fertility rate fell to 1.62 births per woman in 2023, a 2% decline from a year earlier and the lowest rate since the government began tracking it in the 1930s.The Wall Street Journal - World -
Ministers of Germany, Brazil, South Africa and Spain: why we need a global tax on billionaires
Finance chiefs say higher taxes for the super-rich are key to battling global inequality and climate crisis. Billionaires should pay minimum 2% wealth tax, say G20 ministersWhen the governors of the World Bank and the International Monetary Fund ...The Guardian - World -
French president will outline his vision for Europe as an assertive global power amid war in Ukraine
Yahoo News - World - Ukraine -
French president will outline his vision for Europe as an assertive global power amid war in Ukraine
French President Emmanuel Macron is expected to outline his vision for Europe to become a more assertive global power at the backdrop of war in Ukraine and other security and economic challenges in a speech on Thursday, ahead of pivotal European ...ABC News - World - Ukraine -
Global battery rollout doubled last year – but needs to be six times faster, says IEA
Energy watchdog warns pace must accelerate to hit targets after new batteries increased capacity by 130%. The rollout of batteries across the global electricity industry more than doubled last year but will need to be six times faster if the world ...The Guardian - World -
Antony Blinken meets with China's President Xi as US, China spar over bilateral and global issues
U.S. Secretary of State Antony Blinken has met with Chinese President Xi Jinping and senior Chinese officials in BeijingABC News - World - China -
Paramount Global's board is considering replacing CEO Bob Bakish, according to people familiar with the situation.
Paramount Global’s board is considering replacing CEO Bob Bakish, according to people familiar with the situation.The Wall Street Journal - World -
‘Dismissing global warming? That was a joke’: Jeremy Clarkson on fury, farming and why he’s a changed man
The former Top Gear presenter claims his controversialist persona was just a caricature, and he’s really a reformed character living the good life. But do old habits die hard?. “Are you happy?” I ask Jeremy Clarkson. A few times on Clarkson’s ...The Guardian - World -
Middle East crisis live: Hamas ‘reviewing new Israeli ceasefire proposal’
Senior Hamas official Khalil al-Hayya said the Palestinian militant group was evaluating Israel’s proposal. See all our coverage of the Middle East crisisThree people have been killed in Israeli strikes on southern Lebanon on Saturday, including ...The Guardian - World - Israel -
South Korea's Economy Posts Stronger-Than-Expected First-Quarter Growth
Asia’s fourth-largest economy expanded 3.4% in the first quarter on improving private consumption, construction increases and steady exports.The Wall Street Journal - World - South Korea -
BNP Paribas bets on investment bank for growth despite bond trading blip
Eurozone’s largest bank forecasts rise in full-year profits and revenues even as interest rates are expected to fallFinancial Times - Business