Vote cast in error allows Spain labour reform to squeeze through parliament

Spain’s Socialist-led government has achieved one of its biggest policy goals after a single vote cast in error secured parliamentary approval for labor reforms that are a condition for aid from the EU € 800bn coronavirus recovery fund. The measures are intended to cut the proportion of the Spanish workforce on temporary contracts, currently around … Read more

Hong Kong’s Hang Seng index soars above 2% in mixed Asia-Pacific trade

SINGAPORE – Shares in the Asia-Pacific region were mixed in Friday trading after heavy losses overnight on Wall Street, where the technology-heavy Nasdaq Composite fell nearly 4%. Hong Kong’s Hang Seng index led to growth among the region’s major markets, rising 2.22% in morning trading, with shares of HSBC in the city rising around 4%. … Read more

Credit Suisse says it’s time to pivot to China, names 6 global stocks to buy

Chinese customs officers hoist a Chinese flag during a rehearsal for a flag-raising ceremony along the Bund in front of buildings in Lujiazui Financial District at sunrise in Shanghai, China, on Tuesday, January 4, 2022. Qilai Shen | Bloomberg | Getty Images Credit Suisse has become more positive towards China and has selected six global … Read more

Live news: Snap and Pinterest rebound from sell-off after better-than-expected results

Both Snap and Pinterest rebounded from steep declines on Thursday after posting fourth-quarter revenues and profits above analyst expectations, indicating they were not as badly hit by Apple’s new privacy policy as expected. The two social media companies fell 23 and 10 per cent, respectively, during market hours after Facebook parent Meta on Wednesday posted … Read more

Amazon shares surge on Prime price rise and boost from cloud division

Amazon’s stock jumped in trading after opening hours on Thursday, after the company announced a 17 percent increase in the price of its popular Prime membership scheme. The stock gains also drove earnings, which were boosted by the company’s cloud computing division and an investment in electric car maker Rivian. Wall Street reacted enthusiastically to … Read more