Mar 20, 2024 | Markets
China is building its military and nuclear arsenal on a scale not seen since World War II and all signs suggest it’s sticking to ambitions to be ready to invade Taiwan by 2027, a top US admiral testified. Despite Beijing’s economic challenges, its official defense...
Mar 20, 2024 | Markets
Shares of French luxury group Kering plunged 14% on Tuesday after the company warned that Gucci sales look set to fall 20% year-on-year in the first quarter, amid declining Asia transactions. The rare profit warning forecasts overall group revenues to drop 10% in the...
Mar 20, 2024 | Markets
Chinese solar manufacturer Lingda Group Co. has terminated plans to build a new 9.15 billion yuan ($1.3 billion) cell production plant as severe overcapacity threatens a wave of bankruptcies and consolidations in the industry. The announcement Tuesday comes just days...
Mar 20, 2024 | Markets
China’s youth unemployment rate ticked up in February as the jobs market for recent graduates remains under pressure in the world’s second-largest economy. The jobless rate hit 15.3% last month for people aged between 16 and 24 years old, a National Bureau of...
Mar 19, 2024 | Markets
Canada’s inflation rate decelerated to 2.8% in February, a positive development for central bank policymakers who’ve been waiting for more proof that their campaign of higher interest rates is working. It’s the first time the country has had two straight months of...
Mar 19, 2024 | Markets
Key digital industries unit sees slower-than-expected business Shares drop most in seven months after CFO flags muted demand Siemens AG fell the most in seven months after flagging disappointing demand in China for its key digital industries division. New business for...
