The president of the European Commission, Ursula von der Leyen, said Tuesday her institution was drafting a new law targeting the region’s green industries.Story Published at: January 17, 2023 at 12:27PM
EU announces new green proposals to rival Biden’s Inflation Reduction Act
Ukraine has repeatedly pleaded for tanks to fight Russia — its Western allies could now be ready to provide them
Ukraine has repeatedly asked its Western allies to provide it with tanks to help it fight Russia. A reluctance to answer those calls could be about to change.Story Published at: January 17, 2023 at 12:13PM
ECB’s Centeno projects ‘a few’ more rate hikes in the next couple of meetings ‘at least’
The European Central Bank is likely to go ahead with “at least” a few more rate hikes in the next couple of meetings, Mario Centeno, governor of the Bank of Portugal told CNBC.Story Published at: January 17, 2023 at 12:12PM
Idea of de-globalization is a ‘mirage,’ says historian Niall Ferguson
The Hoover Institution senior fellow said the idea that globalization has peaked is not borne out by data. Story Published at: January 17, 2023 at 11:33AM
The worst is over for the global chip shortage, ABB chairman says: ‘I’m quite optimistic’
Asked whether supply chain issues in the chip industry have been resolved, ABB’s Peter Voser said that he believes the worst of the shortage has now subsided.Story Published at: January 17, 2023 at 11:16AM
IEA chief lauds U.S. Inflation Reduction Act as most important climate agreement since Paris accord
Speaking on the same panel, Occidental Petroleum CEO Vicki Hollub described the IRA as one of the most transformative bills in the world.Story Published at: January 17, 2023 at 11:07AM
UK house prices to fall by up to 10% this year, Lloyds Bank CEO says
U.K. house prices will fall by up to 10% this year, as higher mortgage rates and the broader cost of living crisis curtail home buying, Lloyds Bank CEO Charlie Nunn told CNBC on Tuesday.Story Published at: January 17, 2023 at 09:46AM
Chinese travelers are returning to Singapore, but a full recovery is not expected this year
Singapore is welcoming travelers from China, but tourist numbers may return to just 30%-60% of pre-pandemic numbers by year-end. Story Published at: January 17, 2023 at 09:13AM
Market environment was one of the worst imaginable in 2022, insurer Allianz says
The CEO of Allianz said the German insurer proved to be “very resilient” through what he described as one of the worst environments imaginable in 2022.Story Published at: January 17, 2023 at 07:46AM
CEOs are the most pessimistic they’ve been in more than a decade as world faces a slowdown
Some 73% of CEOs think global growth will decline in the next year, which is the most pessimistic outlook in 12 years, according to a new survey by PwC.Story Published at: January 17, 2023 at 07:25AM