HONG KONG, March 6 (Reuters) – Hong Kong’s status as a financial hub is increasingly at risk as the city becomes more entangled in U.S.-China tensions. The rapid […]
Economy
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European (fund flow) Exceptionalism
The narrative of American exceptionalism, which positioned the US as the primary market of interest with large US technology stocks considered nearly risk-free assets, is being challenged. Since […]
Economy
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Seven & i to replace CEO in May, list North American subsidiary in second half of 2026
Seven & i Holdings, the parent company of 7-Eleven, announced on Thursday that it will replace its CEO Ryuichi Isaka with Stephen Dacus, the lead independent outside director, […]
Economy
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US employers add a solid 151,000 jobs last month though unemployment up to 4.1%
WASHINGTON (AP) — U.S. employers added a solid 151,000 jobs last month, but the outlook remains uncertain as President Donald Trump’s policies, including threats of a trade war, […]
Economy
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Walgreens Boots Alliance Enters into Definitive Agreement to Be Acquired by Sycamore Partners
Walgreens Boots Alliance (WBA) has entered into a definitive agreement to be acquired by an entity affiliated with Sycamore Partners, a private equity firm. The total value of […]
Economy
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7-Eleven’s Japanese owner appoints American CEO to fend off $47 billion takeover bid
Seven & I Holdings, the Japanese operator of the 7-Eleven convenience store chain, has appointed Stephen Dacus as its first foreign CEO. Dacus, who will take over on […]
Economy
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Boots Acquired by US Private Equity Firm in $10bn Deal
Walgreens Boots Alliance, the owner of the UK pharmacy chain Boots since 2014, has been acquired by US private equity group Sycamore Partners in a $10bn (£7.7bn) deal. […]
Economy
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European Central Bank cuts rates again, says policy is becoming ‘meaningfully less restrictive’
The European Central Bank (ECB) cut interest rates by 25 basis points on Thursday, lowering its deposit facility rate to 2.5%. This move, widely anticipated by markets, reflects […]
Economy
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Gold Imports at Root of Record US Trade Gap Excluded From GDP
A striking surge in imports, largely driven by international gold traders rushing bullion to New York depositories, has propelled the US trade deficit to a record high, raising […]
Economy
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Trump’s Tariff Flip-Flops Revive ‘Stagflation’ Fears
President Donald Trump’s fluctuating decisions on tariffs against major trading partners are causing some economists to worry about a potential economic slowdown amid rising living costs. This week, […]