European markets open to close, data, earnings

LONDON – European stocks are expected to open in positive territory on Monday in what’s expected to be a quieter day for global markets given the July Fourth holiday in the United States. The UK’s FTSE index is seen opening 44 points higher at 7,200, Germany’s DAX 65 points higher at 12,865, France’s CAC 40 … Read more

New G-7 infrastructure plan offers alternative to China Belt & Road

The Group of 7 has announced a new infrastructure funding program that could rival China’s Belt and Road Initiative. One expert says the G-7’s plan offers hope to developing countries but it remains to be seen whether it can match the BRI. On Sunday, the US and the other members of the G-7 including Canada, … Read more

Jordan’s king says he would support a Middle East version of NATO

Jordan’s King Abdullah said he would support the formation of a Middle East military alliance similar to NATO, and that it can be done with countries that are like-minded. Thomas Kronsteiner | Getty Images News | Getty Images Jordan’s King Abdullah II said he would support the formation of a Middle East military alliance similar … Read more

Executives defend industry as airlines cancel flights around world

Air travel is roaring back, but not without some significant hiccups. Particularly in North America and Europe, travelers have described chaos at airports, with scores of flights canceled or delayed, luggage lost and wait times to board planes exceeding four hours. That’s partly the result of labor shortages from the pandemic, as layoffs have put … Read more

China real estate troubles sent debt indicator to record high

Fixed asset investment data for the first five months of 2022 showed real estate investment declined at a greater scale than it did during the first four months of the year. Pictured here on May 16 is a development in Huai’an City in Jiangsu province in east China. CFOTO | Future Publishing | Getty Images … Read more

Global markets are tanking ahead of a huge week for central banks

A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, June 1, 2022. Brendan McDermid | Reuters LONDON – Global stock markets are falling sharply after May’s US inflation print reignited fears that central banks will be forced into aggressive monetary policy tightening. Friday’s highly-anticipated consumer price index … Read more