Britain on Wednesday pledged 20 million pounds ($25 million)to boost access to a World Bank scheme which helps derisk business operations in Ukraine, a move designed to encourage more investment in the country.
Record plane orders by India’s top two carriers show the country’s untapped potential for air travel and its rise as an aviation superpower, but recent airline failures and rows over regulations suggest progress may not be smooth.
Months before cryptocurrency exchange Coinbase became the biggest target of the U.S. crackdown on digital assets, the company launched an unusual legal offensive.
U.S. index futures swung between gains and losses on Wednesday as investors turned cautious ahead of Federal Reserve Chairman Jerome Powell’s congressional testimony, while Tesla gained as Texas requires charging stations to include its plug.
UBS will start cutting Asia investment banking jobs at Credit Suisse next month, three people with knowledge of the matter said, as the banks move towards integrating businesses.
FedEx , which is slashing costs to protect profits as demand wanes, said on Tuesday that ongoing “demand challenges” prompted its plans to ground 29 more aircraft in the fiscal year that started on June 1.
WHA Group , Thailand’s largest industrial estate developer, expects a second straight year of record land sales from companies seeking to diversify away from China, its CEO said on Wednesday.
BMW’s strong ties with China are a “win-win” as the car industry shifts towards greener, more connected vehicles, said CEO Oliver Zipse after Chinese Premier Li Qiang visited the German carmaker’s headquarters in Munich on Wednesday.
U.S. Federal Reserve Chair Jerome Powell and nominees for three Fed Board seats will testify on Capitol Hill Wednesday, laying out over several hours of hearings a set of views that could broadly shape the economic conditions facing the country during a contentious presidential election campaign next year.
A flurry of stock sales by companies points to a likely wave of initial public offerings launching come September, potentially marking the end of a weak market for debuts that has persisted for a year and a half.
