Andy Jassy, chief executive officer of Amazon.Com Inc., during the GeekWire Summit in Seattle, Washington, U.S., on Tuesday, Oct. 5, 2021. David Ryder | Bloomberg | Getty Images Andy Jassy celebrates his one-year anniversary as Amazon CEO on Tuesday. Celebrates is probably not the operative word. Jassy, a 25-year Amazon […]
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Finland and Sweden move a step closer to NATO membership with accession sign-off
Sweden and Finland have taken another step in joining NATO, meaning only a formal ratification of their accession agreement is now left. Anadolu Agency | Anadolu Agency | Getty Images Finland and Sweden on Tuesday moved a step closer to becoming full members of NATO with the formal signing of […]
Russia is set to switch off the gas for work on a key pipeline — and Germany fears the worst
Russia says it stands ready to supply gas to Europe, describing ongoing disruption concerns as a “man-made crisis” created by Europe. Bloomberg | Bloomberg | Getty Images Russia is poised to temporarily shut down the Nord Stream 1 pipeline — the European Union’s biggest piece of gas import infrastructure — […]
Euro slides to 20-year low against the dollar as recession fears build
A euro currency symbol sits on display in the visitor centre at the European Central Bank (ECB) building in Frankfurt, Germany. Alex Kraus | Bloomberg | Getty Images The euro fell to its lowest level in two decades on Tuesday, sliding over 1% for the session to hit $1.0283. It […]
The world’s most powerful tidal turbine just got a major funding boost
Orbital Marine Power’s O2 turbine at the Orkney Islands, north of the Scottish mainland, in September 2021. Scotland has become a hub for companies and projects focused on tidal power and marine energy in general. William Edwards | AFP | Getty Images Scottish engineering firm Orbital Marine Power said Monday […]
These major economies are headed into recession in the next 12 months, Nomura says
Many of the world’s leading economies will fall into a recession within the next 12 months as central banks move to aggressively tighten monetary policy to fight surging inflation, according to the chief economist at brokerage firm Nomura holdings. “Right now central banks, many of them have shifted to essentially […]
More parts of China battle Covid and threats of lockdown as cases spike again
Covid-related restrictions tightened in parts of China as local cases climbed, while lighter measures such as virus testing linger on in Shanghai, pictured here on July 3, 2022. Qilai Shen | Bloomberg | Getty Images BEIJING — Just days after China relaxed some Covid controls, virus cases in different parts […]
More parts of China battle Covid and threats of lockdown as cases spike again
Covid-related restrictions tightened in parts of China as local cases climbed, while lighter measures such as virus testing linger on in Shanghai, pictured here on July 3, 2022. Qilai Shen | Bloomberg | Getty Images BEIJING — Just days after China relaxed some Covid controls, virus cases in different parts […]
The second-half is ‘not looking good’: Strategists on how to weather the market storm
A trader works on the floor of the New York Stock Exchange (NYSE), June 27, 2022. Brendan McDermid | Reuters The first half of 2022 was historically dismal for global stock markets, and strategists think there are dark clouds on the horizon and some way to go before the storm […]
Stock futures rise after another losing week on Wall Street
Traders on the floor of the NYSE, July 1, 2022. Source: NYSE Stock futures rose early on Tuesday morning after the major averages finished another losing week. Stock futures tied to the Dow Jones Industrial Average rose 59 points or 0.19%. S&P 500 futures inched 0.24% higher, and Nasdaq 100 […]