Shoppers walk past shops on Regent Street on the final weekday before Christmas in London on December 22, 2023. Britain's economy unexpectedly shrank in the third quarter and flatlined in the previous three months, official data showed Friday, raising fears of a recession before an election due next year....
Ongoing disruption to trade flows through the Red Sea could hit global economic growth, the head of one of the world's largest container shipping firms said Thursday.Maersk CEO Vincent Clerc said it remained unclear whether passage through the waterway would be re-established in "days, weeks or months," in comments...
BRUSSELS, BELGIUM - NOVEMBER 27: Christine Lagarde, President of the European Central Bank speaks during the European Parliament's Committee on Economic and Monetary Affairs (ECON) meeting in Brussels, Belgium on Nevember 27, 2023. (Photo by Dursun Aydemir/Anadolu via Getty Images)Anadolu | Anadolu | Getty ImagesThe European Central Bank on...
The incoming head of one of the world's largest development banks says it must become faster and more efficient in order to finance priorities such as the climate transition and Ukraine rebuild.Nadia Calviño, Spain's finance minister and deputy prime minister, was appointed head of the European Investment Bank Friday —...
LONDON — Major companies in the energy and food sectors amplified inflation in 2022 by passing on greater cost increases than needed to protect margins, according to a new report.British think tanks the Institute For Public Policy Research and Common Wealth said in a report Thursday that big firms...
The U.S. economy should be able to avoid a recession next year — but a sharp pullback in consumer spending is among the biggest risks of that occurrence, according to economist Carl Weinberg."Consumers are just waking up to the fact that they're financing their spending by running up their...
An employee arranges a display of Omega SA watches in the window of a Watches of Switzerland Group Plc store on Regent Street in London, UK, on Wednesday, Aug. 30, 2023. One of Watches of Switzerland Group Plc's biggest investors cut its stake in the UK-listed timepiece retailer less than 24...
The container ship Maersk Murcia sits moored in the port of Gothenburg, Sweden, on August 24, 2020.JONATHAN NACKSTRAND | AFP | Getty ImagesShipping giant Maersk, a bellwether for global trade, on Friday announced plans to reduce its workforce by more than 10,000 people and said it expected profit to...
People pump gas into their vehicles at a Shell petrol station on October 2, 2023 in Alhambra, California. Frederic J. Brown | Afp | Getty ImagesBritish oil giant Shell on Thursday reported $6.2 billion profit for the third quarter, roughly in line with estimates, as the company benefited from higher oil...
Bud Light, made by Anheuser-Busch.Joe Raedle | Getty ImagesAnheuser-Busch InBev, the world's biggest brewing firm, on Tuesday beat expectations for the third quarter, despite an ongoing drag from controversy surrounding its online Bud Light campaign.Revenue rose 5% over the period to $15.57 billion, ahead of a company-compiled forecast of 4.7%....