G7 launches $600bn infrastructure plan to counter China | News

G7 launches 0bn infrastructure plan to counter China | News

The G7 Partnership for Global Infrastructure and Investment will help finance infrastructure projects in developing nations. The leaders of the Group of Seven (G7) nations have pledged to raise $600bn in private and public funds over five years to finance infrastructure in developing countries and counter China’s older, multitrillion-dollar Belt and Road project. US President … Read more

Recession, currencies, oil, Russian debt

SINGAPORE — Shares in the Asia-Pacific traded higher on Monday as investors assess inflation and recession fears. Hong Kong’s Hang Seng index was up 2.13%, with the Hang Seng Tech index up 3.46%. Alibaba’s shares in the Chinese city rose 4.13% while Meituan was up 4.09%. Mainland Chinese markets also gained. The Shanghai Composite climbed 0.56%, and … Read more

How the melting Arctic could lead to huge riches—and world war

Santa’s getting company. Fast-melting sea ice has opened a potential new Arctic shipping lane across the North Pole, which will give powerful nations easier access to the frozen zone’s vast riches — but has also sparked fears of war. The Arctic Council predicts that, during the summers, sea ice will be gone by 2040 — allowing for … Read more

Juul asks court for temporary block on FDA’s ban of its e-cigarettes

Juul brand vape cartridges are pictured for sale at a shop in Atlanta, Georgia. Elijah Nouvelage | Reuters Juul asked a federal appeals court on Friday to block the Food and Drug Administration’s ban on its e-cigarettes temporarily. The request came less than a day after the health agency told the company that it had … Read more

McDonald’s simplifies franchising policies to attract more diverse candidates

The logo for McDonald’s is seen on a restaurant in Arlington, Virginia, January 27, 2022. Joshua Roberts | Reuters McDonald’s is making changes to how it awards franchises in the hopes of attracting more diverse candidates, the latest shakeup in how the burger chain’s management oversees its franchisees. Starting in 2023, the fast-food giant will … Read more

Treasury yields in focus as investors assess recession risk

The yield on the benchmark U.S. 10-year Treasury note fell to its lowest level in almost two weeks on Thursday as investors continued to assess the likelihood of a recession. The yield on the 10-year Treasury note was around 4 basis points lower at 3.117%, while the yield on the 30-year Treasury bond fell 3 … Read more

European stocks open to close as recession fears continue

LONDON — European stocks were lower Thursday, as global markets see renewed volatility after a brief recovery following last week’s tumultuous trading. The pan-European Stoxx 600 dropped 0.5% by late morning, having recouped more than half of its earlier losses. Banks fell 1.5% while travel and leisure stocks gained 1.1%. In terms of individual share … Read more

What We Know About NASA’s Supposedly ‘Successful’ Megarocket Launch Rehearsal

NASA’s Space Launch System on the launch pad at Kennedy Space Center in Florida. Photo: NASA NASA wrapped up its fourth wet dress rehearsal of the Space Launch System yesterday, during which time ground teams achieved a number of key test objectives. That said, an unresolved hydrogen leak prevented a full completion of the test, … Read more

Dow futures decline more than 400 points as market rebound fizzles

U.S. stock index futures fell early Wednesday after the major averages jumped in regular trading hours, attempting to claw back some losses following weeks of selling. Futures contracts tied to the Dow Jones Industrial Average fell 482 points or 1.58%, while S&P 500 futures declined 1.83%. Nasdaq 100 futures fell around 2%. During regular trading … Read more

Financials that did well in the 1994 Fed rate hike cycle

The Federal Reserve raised its benchmark interest rate by three-quarters of a percentage point last week and signaled that a similar hike could be on the cards in July — the boldest statement yet of its intent to combat soaring inflation. The hike was the Fed’s largest since 1994 and sent the benchmark funds rate … Read more