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FT: UBS to postpone publication of Q2 results due to Credit Suisse deal 06/05/2023

Global airlines raise overall industry profit forecast for 2023 06/06/2023

IATA: Passenger air traffic recovers by 90% to pre-pandemic levels 06/05/2023

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World & Politics

Analysts: India may overtake China in population

According to Bloomberg, India may have surpassed China as the world's most populated nation already. Projections from the independent group World Population Review and official Chinese figures show that India may already have surpassed China as the world's most populated nation. According to data...

The Economist estimates number of elderly relatives in the world at 1.5 billion

According to The Economist's experts, the number of grandparents—older adults who are a part of kinship relationships—in the world increased from 0.5 billion in 1960 to 1.5 billion in 2023. According to the study, since 1960, the proportion of grandparents to children under the age of 15 has...

US to limit China's access to semiconductor technology

According to Bloomberg, which cited a source with knowledge of the matter, US President Joe Biden will discuss cooperation with Japanese and Dutch authorities on limiting China's access to semiconductor technology. During the next trips to Washington by the leaders of Japan and the Netherlands,...

Belgium, Engie to extend operation of two nuclear power plant reactors

According to Prime Minister Alexander De Croo, Belgium and Engie have agreed to extend the operation of two nuclear power plant reactors, Doel 4 and Tihange 3, 2035. Extension of the two plants' operational hours could begin tomorrow, he said, thanks to this decision. Belgium and Engie agreed in...

UN: We are working to remove barriers to fertilizer exports

According to Stephane Dujarric, the UN secretary general's spokesperson, the organization is still working to remove barriers to the shipment of Russian food and fertilizers. "The UN secretary general and UNCTAD chief Rebeca Grynspan are concentrating on attempting to reduce barriers to exports of...

U.S. State Department approves $180 million sale of landmine systems to Taiwan

The sale of M136 Volcano remote minesweeping systems to Taiwan for $180 million has been authorized, according to the US Department of State's Bureau of Political and Military Affairs. Northrop Grumman and Oshkosh Corporation, both American firms, would serve as the principal contractors under the...

Japan and Saudi Arabia sign memorandum on new types of energy

While in Saudi Arabia, Japanese Economy Minister Yasutoshi Nishimura met with the country's Energy Minister Abdulaziz bin Salman to discuss maintaining stable oil prices and signed a memorandum to jointly establish a network to supply new energy sources, such as hydrogen and ammonia, according to...

U.S. sends first batch of $13M-worth energy equipment to Ukraine

According to Reuters, which cited U.S. authorities, energy equipment worth $13 million has been sent from the United States to Ukraine. Places and names were kept secret. This week, another two planes carrying supplies are anticipated to be dispatched. The assistance represents the initial...

Japan may raise tobacco tax

According to NHK television, Japan's government may increase taxes on tobacco products and e-cigarettes to cover the budget gap required to increase defense spending to 2 percent of GDP by 2027 and to use a portion of the proceeds from the reconstruction tax enacted to aid in the nation's recovery...

Court in Paris rules to recover $1.3 billion from Russia in favor of Ukraine

The Paris Court of Cassation overruled a ruling by the city's Court of Appeal 2021 and ordered Russia to pay $1.3 billion to Ukraine's Oschadbank. The appeals court "overturned the March 30, 2021 ruling of the Paris appeals court," the document's wording states, and determined that the money...