A cover story by the Economist on Turkey’s elections triggered an angry response from President Recep Tayyip Erdogan and top officials including the foreign minister, who said he was pulling an article he’d submitted for the weekly.
Geely revived Volvo and is breathing life into Lotus and Smart. Steering London Electric Vehicle Company has been more of a handful.
Maybe not. But your foodie status will be gold-plated for a long time.
Adidas AG has yet to decide on what to do with its mountain of unsold Yeezy sneakers but new Chief Executive Officer Bjorn Gulden said its turnaround is nonetheless off to a good start.
IAG SA raised its full-year earnings outlook after reporting a surprise profit in the typically weak first quarter, highlighting how the airline industry has rapidly bounced back from the depths of the pandemic slump.
(Bloomberg) — The European Central Bank’s newfound status as the standard-bearer of monetary tightening sets up President Christine Lagarde for a tussle with investors doubting how long the euro zone can plow its own course.
Xiamen Yan Palace Bioengineering Co., a Chinese edible bird’s nest producer, is considering a Hong Kong initial public offering that could raise about $200 million, according to people familiar with the matter.
(Bloomberg) — Bank of France Governor Francois Villeroy de Galhau said he backs the European Central Bank’s current approach of smaller interest-rate increases over the half-point step some of his colleagues would have preferred.
IAG’s investors have had a surprise “upgrade” this morning after the airline group unexpectedly posted a profit this quarter. It was driven by a bounce-back in leisure travel particularly from Iberia, its Spanish airline. That’s led them to say they’ll beat their previous full year guidance. Business class, however may soon need to be renamed to “luxury” given the slow recovery in corporate travel, presumably falling victim to shrinking budgets and video conferences.
Nigeria’s debt burden is poised to jump 50% after the nation’s parliament approved President Muhammadu Buhari’s request to convert 22.7 trillion naira ($49 billion) of loans from the central bank into bonds.
