Page 515 - Bloomberg

Unilever CEO Alan Jope to retire at end of 2023 after GSK setback

Jope, a long-term veteran of the consumer goods company, will leave after only five years in the role, with no named successor currently in place

Energy crisis shows gasoline demand declining, renewables on the rise

With prices of natural gas and coal heading to record highs and those for crude oil not far below their 2008 peak, the world seems more hooked on carbon than ever

Giorgia Meloni's right-wing bloc set wins big in Italian election

Giorgia Meloni won a clear majority in Italian election, setting herself up to become the country's first female prime minister at the head of the most right-wing government since World War II

Wall Street banks review contingency plan as China-Taiwan tension escalates

While financial services executives said they view the risk of armed conflict in North Asia as low, they see tit-for-tat sanctions between the US and China that disrupt the flow of finance and trade

China traders see property boost, Covid zero resolve at Party meet in Oct

With expectations low for an imminent shift away from the Covid-Zero policy, some investors are limiting their exposure to reopening shares

Nasa's deflect-asteriod offensive to avoid future catastrophes on Earth

Dimorphos doesn't pose any threat to Earth, but the DART mission is the first physical test in space of one of NASA's primary tenets: planetary defense.

NASA to ram distant asteroid in bid to avoid future catastrophes on Earth

Spacecraft's collision impact with the target asteriod uses 'kinetic impactor' method to cause deflection

The unstoppable rise of German Aldi in Britain shows no sign of slowing

Aldi is the fourth-largest grocer in the country, gaining market share from bigger rivals as millions of Britons search for cheaper bills on their weekly shop

After Queen Elizabeth's funeral, UK's royal family must reform to survive

As recession looms, however, and the pound sinks to its lowest in nearly four decades, it is time to ask: Can the monarchy reform fast and radically enough to adapt?

China's real estate crisis: CCB to set up $4.2 bn fund to buy properties

The fund will "invest in existing assets" of real estate companies and renovate the properties into rental housing, the lender said in a statement to the Shanghai stock exchange Friday.

US economy may be entering 'new normal' after pandemic, says Jerome Powell

Powell and his colleagues are moving rapidly to reduce the highest inflation in nearly 40 years after being slow to spot the threat of broadening price pressures.

Revlon lenders to seek rehearing after Citigroup's $500 mn victory

Some of the Revlon Inc. creditors who were accidentally sent more than $900 million by Citigroup Inc. asked a federal appeals court for a rehearing, after it ruled that they had to give the money back

Floods left behind an 'ocean of human suffering': Pak PM Shehbaz Sharif

"Pakistan has never seen a more stark and devastating example of the impact of global warming," Sharif said about the disaster.

Ambuja Cements shares put on NSE watchlist after Adani-driven surge

Ambuja Cements lost 7 per cent in the previous two sessions before rising on Friday

Vladimir Putin stages 'votes' to annex occupied Ukrainian territories

The Kremlin ordered the ballots after its forces suffered their worst defeats to Ukraine's military since the early weeks of the seven-month-long invasion

Economist Roubini expects a 'long, ugly' recession, stocks sinking 40%

Roubini, who has warned through bull and bear markets that global debt levels will drag down stocks, said that achieving a 2% inflation rate without a hard landing is going to be "mission impossible"

India may boost coal power fleet 25% by 2030 amid rising energy demand

The world's third-biggest emitter of greenhouse gases will add nearly 56 gigawatts of coal power capacity unless there's a substantial drop in the cost of storing electricity

Vladimir Putin's conscripts won't win his war but may drag it out

Not only has Russia lost about 80,000 soldiers dead or wounded in Ukraine, according to estimates, but with insufficient manpower for rotation many troops are now spending their eighth month in field

Microsoft CEO confident about Activision deal approval, handling of economy

Nadella said the company will keep growing in some areas after adding approximately 70,000 workers during the pandemic

Europe energy crisis to last more than a winter amid tight supply: Analyst

Russia's invasion of Ukraine upended energy flows and rippled through global markets, driving up natural gas prices and forcing drastic measures such as Germany nationalizing its biggest importer