NEW YORK — Shares in Europe largely dipped Monday while Wall Street treaded water, as Ukrainian President Volodymyr Zelenskyy and European leaders met with US President Donald Trump in Washington on ending the war with Russia. In New York, the broad-based S&P 500 and tech-heavy Nasdaq closed flat, while the …
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US seeks shipbuilding expertise from South Korea and Japan to counter China
WASHINGTON, D.C. — American lawmakers are using a trip to South Korea and Japan to explore how the United States can tap those allies’ shipbuilding expertise and capacity to help boost its own capabilities, which are dwarfed by those of China. Photo shows the Portsmouth Naval Shipyard in Kittery, Maine, …
Read More »Hong Kong property sector clouded by rising debt repayment risks
HONG KONG — Hong Kong’s debt-laden developers and their creditors are set to face intensifying financial pressure as bond maturities are slated to jump by nearly 70 percent next year amid falling sales and valuations for the city’s economically crucial property sector. Buildings stand in Hong Kong, China, on Feb. …
Read More »Air Canada suspends restart plans after flight attendants union defies return to work order
TORONTO — Air Canada said it suspended plans to restart operations on Sunday after the union representing 10,000 flight attendants said it will defy a return to work order. The strike was already affecting about 130,000 travelers around the world per day during the peak summer travel season. The Canada …
Read More »National park pressure; Sin city seeing fewer Canadians during slump: CBC’s Marketplace cheat sheet
CBC’s Marketplace rounds up the consumer and health news you need from the week. The consumer news you may have missed this week. Miss something this week? Don’t panic. CBC’s Marketplace rounds up the consumer and health news you need. Want this in your inbox? Get the Marketplace newsletter every …
Read More »Oil market seen bearish after Trump-Putin Alaska meeting
LONDON — Oil markets are set for a muted price reaction when they open on Sunday after United States President Donald Trump’s and Russian leader Vladimir Putin’s meeting in Alaska, at which Trump said a fully fledged peace deal was the aim for Ukraine rather than a ceasefire Trump said …
Read More »Philippines seen growing below government target
Pantheon Macroeconomics sees Philippine economic growth slowing in the second half (STAR / File) MANILA, Philippines — United Kingdom-based think tank Pantheon Macroeconomics is keeping its gross domestic product (GDP) growth forecast for the Philippines at 5.3 percent this year as it expects economic growth to slow in the second …
Read More »Aramco signs $11-B deal with BlackRock-led GIP
SAUDI Aramco signed an $11-billion lease and leaseback agreement involving its Jafurah gas processing facilities with a consortium led by Global Infrastructure Partners (GIP), part of BlackRock, it said on Thursday. Under the deal, a newly formed subsidiary, Jafurah Midstream Gas Company (JMGC), will lease development and usage rights for …
Read More »Shein’s UK sales surge to $2.8B in 2024
LONDON — Shein’s British business made 2.05 billion pounds ($2.77 billion) in sales in 2024, a 32.3-percent increase from the previous year, a filing by the online fast-fashion retailer showed early on Friday. Shein does not report global results publicly, but the filing sheds light on its growth in Britain, …
Read More »Epic Games wins victory in court
Epic Games (Image via Getty Images) MELBOURNE, Australia — Epic Games, the company behind the popular online game “Fortnite,” on Tuesday won a partial victory in an Australian court. The case was brought by US billionaire chief executive Tim Sweeney, who claimed that Google and Apple engaged in anticompetitive conduct …
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