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Hong Kong’s Economic Growth Beats Forecast in First Quarter
Hong Kong’s economy grew faster than expected in the first quarter, a tentative sign that the city’s post-pandemic recovery is stabilizing.
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Pakistan Inflation Eases for a Fourth Month on Record Rates
Pakistan’s inflation slowed in April for the fourth straight month as record borrowing costs reined in economic growth and domestic demand.
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Emirates, Flydubai Suffer Disruptions as Storms Return to Dubai
Emirates was forced to cancel several flights due to bad weather in Dubai, the second time in as many weeks that operations at the world’s largest international airline have been impaired by rainfall.
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BHP Woos South Africa in Pursuit of $39 Billion Anglo Takeover
BHP Group Ltd. has deployed a team of senior executives to South Africa as the world’s largest miner ramps up efforts to win over government officials, regulators and local shareholders, all of whom could yet determine the outcome of its proposed tie-up with rival Anglo American Plc.
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Cocoa Slumps Again as Buyers Hold Back in Troubled Market
Cocoa prices dropped again, extending a week of extreme volatility as liquidity dries up and commercial buyers hold back from buying beans.
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BOJ Accounts Signal Japan’s Second Yen Intervention in Fed Week
Japan likely conducted its second currency intervention this week, according to a Bloomberg analysis of central bank accounts, in another sign of its intensified battle to prop up the yen.
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Philips Sleep Apnea Deal Leaves Opening for Future Cancer Claims
Royal Philips NV’s $1.1 billion settlement of US lawsuits targeting 5.5 million recalled sleep-apnea devices resolves only current cases and doesn’t set aside monies for potential future cancer claims over the machines.
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Why Banks These Days Are So Excited About Being Boring
A year after SVB’s failure, regional lenders have embraced stodginess as a virtue.
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Biden Expands Pair of California Monuments in Conservation Push
President Joe Biden will expand two national monuments in California on Thursday, protecting nearly 120,000 additional acres from development as part of a White House goal to designate more land and water for conservation than any previous administration.
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Tensions High at UCLA as Protesters Ordered to Disperse
Lines of police kept close watch at the University of California at Los Angeles as tensions remained high after violence erupted the previous night between pro-Palestinian protesters and counter protesters.
