What to expect from China’s ‘Two Sessions’ meeting kicking off this weekend
The Chinese government is set to announce its GDP target and new premier in coming days as part of its annual meeting.
Financial News
Euro zone inflation softens to 8.5% in February as ECB signals interest rate hiking is not over
Inflation in the euro zone came in at 8.5% in February, while the ECB signalled interest rate hikes could still continue.
UK house prices post sharpest annual fall for a decade
U.K. house prices fell by 1.1% annually in February, their first annual decline since June 2020 and sharpest contraction since November 2012.
British supermarkets are rationing fruit and vegetables as shortages bite
Poor weather conditions and higher energy costs have led to restrictions on popular salad items.
A South Korean telecoms giant wants to launch flying taxis in 2025 and expects it to be big business
Last year, SK Telecom and U.S. firm Joby Aviation inked a tie-up to develop air taxis for the South Korean market.
Berkshire Hathaway fourth-quarter operating earnings fall 8%, cash hoard swells to nearly $130 billion
Berkshire Hathaway’s operating earnings totaled $6.7 billion in the fourth quarter of 2022, a release read Saturday.
Luxury EV maker Lucid appears to have a demand problem
Lucid plans to build just 10,000 to 14,000 vehicles in 2023, despite factory capacity to build more.
After a year of death and destruction, Ukraine braces itself for a major escalation in the war
Russia is expected to launch a large-scale offensive, with Ukraine expected to counter-attack in summer. In the meantime, it’s waiting for more weapons.
UK economy in ‘a lot better shape’ than bleak figures suggest, fund manager says
The U.K. has thus far avoided a widely anticipated recession, and the economy may be holding up better than feared, according to veteran fund manager Andy Brough.
Jeep, Dodge maker Stellantis posts record annual profit, announces $4.47 billion shareholder payout
Carmaker Stellantis on Wednesday announced record full-year results, reporting a 26% rise in net profit to 16.8 billion euros ($17.9 billion) and a 41% annual jump in global battery and …