Cutting gas flows to Europe is Moscow’s trump economic card if the west imposes tougher sanctions in the event of a Russian invasion of Ukraine. But the EU’s vulnerability to countermeasures by the Kremlin extends well beyond energy. Policymakers fear the bloc is less prepared than Moscow, where President Vladimir Putin’s “Fortress Russia” strategy is … Read more
Emma Walmsley, GlaxoSmithKline’s chief executive who has been under pressure from activist investors, has promised a “step change in growth” in 2022, as the UK drugmaker beat earnings expectations in the fourth quarter. The company is preparing to spin-off its consumer health unit in the middle of the year, after rejecting Unilever’s £ 50bn offer … Read more
AP Moller-Maersk said global supply chain woes should ease in the second half of this year as the Danish container shipping group proposed a seven-fold increase in its dividend and unveiled a $ 1.7bn logistics acquisition. The world’s second-largest container shipping line by capacity said revenues rose by 55 per cent to $ 62bn last … Read more
A XPeng Motor P7 electric vehicle is displayed for sale at Wanda Plaza on May 9, 2021 in Beijing, China. VCG | Getty Images Xpeng’s Hong Kong shares have been included in a trading link to mainland China, known as the Shenzhen-Hong Kong Stock Connect. The move will allow investors based in mainland China easier … Read more
Credit Suisse identifies stock opportunities for investors as younger consumers increasingly seek to lead more sustainable lifestyles.
Italian Special Air Force aerobatic unit spreads smoke with the colors of the Italian flag over the city of Rome. AB Pool – Corbis | Corbis News | Getty Images An eventual result in Italy’s presidential elections may have averted political instability for now, but market watchers are wary over the economic and political future … Read more
In less than five years of existence, Luckin Coffee has been variously a symbol of the dynamism of Chinese capitalism, the subject of a massive fraud scandal, and now — its new senior executives insist — a plucky comeback story that has the potential to test US-China relations. Founded in 2017, the chain of coffee … Read more
Credit Suisse investors have warned they will try to block any move to extend the tenure of the bank’s longtime vice-chair Severin Schwan, as the scandal-hit lender faces growing pressure to rebuild its reputation. The future of Schwan, who is also chief executive of Swiss pharma group Roche, is in the spotlight as Credit Suisse … Read more
Join Wednesday’s Pro Talks with Roderick Snell, investment manager at Baillie Gifford, as he and CNBC’s Tanvir Gill discuss the outlook for emerging markets.
Pensioners protest over rising fuel prices at a demonstration outside Downing street called by The National Pensioners Convention and Fuel Poverty Action on February 7, 2022 in London, England. Guy Smallman | Getty Images British households are facing the worst cost of living crisis for decades, as soaring inflation, declining real wages and an energy … Read more