A barrage of divisive economic signals, combined with plummeting technology stocks, led financial markets to close April at lows last seen when the pandemic began in March 2020. Uncertainty about Continue Reading
Russia made what appeared to be a late u-turn to avoid a default on Friday, as it made a number of already-overdue international debt payments in dollars despite previously vowing Continue Reading
Amazon.com Inc. AMZN 4.65%▲ posted its first quarterly loss in seven years, a result that reflected broad economic trends related to a slump in online shopping, higher costs from inflation Continue Reading
Intel said Thursday that first-quarter sales fell almost 7% to $18.35 billion, missing Wall Street expectations. Intel generated net income of $8.1 billion. Consumer demand for lower-end PCs was particularly Continue Reading
Apple executives warned that the group could sustain a hit of up to $8bn in the current quarter from headwinds including supply chain shortages and factory shutdowns in China, underscoring Continue Reading
The eurozone’s economy continued to grow at a modest pace in the first three months of the year, but faces the threat of a slide into recession as Russia’s war Continue Reading
Government data on Thursday is expected to provide evidence that the economic recovery remained on track in the first three months of the year — but you may have to Continue Reading
A closed McDonald’s restaurant at a shopping mall in Moscow, Russia. Source: AFP/Getty Images Bloomberg News Sign up here to get the latest updates on the Russian invasion of Ukraine. Continue Reading
China’s zero-Covid policy has put the country’s stocks on track for their steepest monthly loss in six years, as investors and analysts warn of deeper falls to come on concerns Continue Reading
Russia expects the economy to contract by 8.8% in 2022 in its base case scenario, or by 12.4% under a more conservative scenario, an economy ministry document showed on Wednesday, Continue Reading
