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A tepid economic recovery, fear of Russian aggression, and the prospect of a Trump electoral victory in the U.S. are nudging Europe closer to China.
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Europe’s Economic Laggards Have Become Its Leaders
More than a decade after painful austerity, Greece, Portugal and Spain have been growing faster than traditional powerhouses like Germany.The New York Times - Business - Europe -
‘Russian fertiliser is the new gas’ for Europe, top producer warns
Imports of urea into the EU doubled in the wake of Moscow’s invasion of UkraineFinancial Times - Business - Russia -
Getir, a Rapid Grocery-Delivery Service, Exits the U.S. and Europe
The company had expanded quickly to keep ahead of rivals, but like other pandemic darlings, its business lost steam after lockdowns were eased.The New York Times - Business -
China Moving Forced Laborers Amid U.S. Crackdown, Biden Official Says
Coerced laborers are being moved out of Xinjiang as China makes efforts to frustrate supply-chain due diligence, a Labor Department official says.The Wall Street Journal - World - Joe Biden -
Trump could drive inflation higher with his second-term economic agenda, analysts say
Donald Trump has blamed President Joe Biden for stubbornly high inflation during Biden's presidency.CNBC - Business - Donald Trump -
Elon Musk Meets With China Official as U.S. Car Makers Tout EVs at Beijing Auto Show
While Tesla has a major base in Shanghai, it wasn't clear whether he was attending the trade show.Inc. - Business - China -
Americans' economic confidence slips
Presented by BP — {beacon} View Online Business & Economy Business & Economy PRESENTED BY The Big Story Americans' economic confidence slips Americans’ confidence in the economy has slipped for the first time since the fall, a survey by Gallup ...The Hill - Politics -
Australia's Manufacturing PMI Shows Signs of Recovery
Activity across Australia’s manufacturing sector improved strongly in April but it is too soon to call an end to a cyclical downswing in the sector seen over the last year.The Wall Street Journal - World - Australia -
Cubs' top prospect Cade Horton promoted to Triple-A, report says
The Chicago Cubs are wasting no time in moving pitcher Cade Horton up their minor league ladder, reportedly promoting him to Triple-A Iowa.Yahoo Sports - Sports -
Who were the best U23 players in Europe?
We highlight the most in-form, under-the-radar talent aged 23 or younger across Europe's top leagues each month.ESPN - Sports
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South Korea's Export Growth Accelerated in April
Exports from Asia’s fourth-largest economy accelerated on brisk demand for semiconductors, smartphones, cars and other Korean goods overseas.The Wall Street Journal - World - South Korea -
Founder of Binance, World's Largest Crypto Firm, Sentenced to Four Months
Changpeng Zhao’s sentence was lighter than prosecutors had requested and the culmination of a multiyear U.S. investigation into crypto exchange Binance.The Wall Street Journal - World - Crypto -
Why Red Lobster's 'Endless Shrimp' Is Too Much of a Good Thing
Red Lobster is in trouble. After it filed $11 million in third-quarter operating losses, the seafood chain’s parent company has announced it will sell its majority stake. WSJ explains what went wrong.The Wall Street Journal - World -
New York Mayor Says Conflict at Columbia Must End as Police Amass Nearby
Police await a request from the university to act as pro-Palestinian demonstrators occupy an academic building.The Wall Street Journal - World - New York -
Nikkei Down 0.5%, Dragged by Brokerage, Shipping Stocks
Japanese stocks were lower, dragged by falls in brokerage and shipping stocks, as uncertainty persists over the Fed’s policy outlook due to recent signs of strong inflation.The Wall Street Journal - World