International Business, World & Global Business News

International Business, World & Global Business News

An informative summary of the day’s top business headlines, features and columns. This service may include material from Agence France-Presse , APTN, Reuters, AAP, CNN and the BBC World Service which is copyright and cannot be reproduced. We acknowledge Aboriginal and Torres Strait Islander peoples as the First Australians and Traditional Custodians of the lands where we live, learn, and work. Tourism Central Australia is holding Qantas to account for its high cost of flights to and from Alice Springs, which could spell disaster for the livability of the tourism hub.

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“We expect the majority of bank ratings to stay intact in the next 12 months. RAM’s banking sector specialist Amy Lo said sturdy capitalisation and strong provisioning buffers have put banks in a good position to cope with fresh macroeconomic headwinds from the spillover effects of the Russia-Ukraine war. To the best of our knowledge, all content is accurate as of the date posted, though offers contained herein may no longer be available. The opinions expressed are the author’s alone and have not been provided, approved, or otherwise endorsed by our partners.

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WASHINGTON — The U.S. economy is caught in an awkward, painful place. Growth appears to be sputtering, home sales are tumbling and economists warn of a potential recession ahead. However, Section 9 of the Constitution provides that the National Assembly has the power to alter the provisions of the Constitution. Giving the mandate to govern Nigeria to a group of persons who share similar interests, thoughts and feelings about critical aspects of our democracy provides leverage to amend, review, or make certain laws which may not be in the interest of the nation.

Today, in the age of low-cost exchange-traded funds that focus on indexes, it becomes pretty simple to create such a portfolio with just two funds. GDP contracted for the second consecutive quarter this year, which is the commonly used definition of a recession. Real-estate firm Zillow Group Inc. is exiting from the home-flipping business, saying Tuesday that its algorithmic+ model to buy and sell homes rapidly doesn’t work as planned. Neil Sorahan says airports have not recruited enough staff to cater for the rebound in travellers. The technology multi-billionaire’s comments came in response to a report in the Wall Street Journal.

Earnings, adjusted for stock option expense and pretax expenses, came to $2 per share. CHICAGO _ John Bean Technologies Corp. on Wednesday reported second-quarter earnings of $33.4 million. The Chicago-based company said it had net income of $1.04 per share. Earnings, adjusted for one-time gains and costs, were $1.13 per share. INDIANAPOLIS _ Duke Realty Corp. on Wednesday reported a key measure of profitability in its second quarter. The Indianapolis-based real estate investment trust said it had funds from operations of $390.3 million, or 48 cents per share, in the period.

Five legal experts examined how the Justice Department could build a criminal case against Trump as the federal probe widens to his inner circle. Citing his ties to white nationalists, religious leaders and elected Democrats said Pennsylvanians should reject Doug Mastriano’s bid for governor. German authorities are conducting a stress test to determine if Germany should extend the timeline for its nuclear energy phaseout.

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There are certain fees your lender probably can’t budge on, such as the appraisal cost — they have to pay the appraiser. This article was generated by Benzinga’s automated content engine and reviewed by an editor. 3M’s adjusted profit fell to $2.48 per share from $2.75 per share a year earlier. It also argued they faced conflicts in some cases with conflicting “dual mandate” objectives; and were distracted by extraneous political objectives, such as climate change.

JetBlue’s deal comes hours after Spirit canceled a deal with Frontier. The merged airline would seek to “disrupt” the industry, JetBlue’s CEO said. The decision by Spirit and Frontier to terminate their deal was announced while Spirit shareholders were still voting on the proposal.

SEATTLE _ Impinj Inc. on Wednesday reported a loss of $11.5 million in its second quarter. On a per-share basis, the Seattle-based company said it had a loss of 45 cents. Earnings, adjusted for stock option expense and non-recurring costs, were 11 cents per share.

“Ag technology in the last five years has not doubled, it’s tripled,” said Kyle Allen, co-owner of Gateway Precision Ag. Spire points to some at least small wins the utility has recently secured in the fight over its embattled natural gas pipeline serving the St. Louis region. Diane Sullivan is retiring as CEO of the shoe company, and will be replaced by company president Jay Schmidt. The state of Missouri rejected Robbie Montgomery’s startup company’s application for a cannabis license.

Nano Dimension, an Israeli company in the 3D printed electronics (Additively Manufactured Electronics /PE) field, has bought up a 12% share in the American-Israeli… The Jeffrey Epstein story seems to be the saga that just will not die. Vine Ventures, a New York City-based venture capital firm, has donated hundreds of mattresses, pillows, blankets, towels and food for the millions of Ukrainians…

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The Alberta government says it will extend its electricity rebates until the end of the year as the cost of living continues to rise. Calgary Stampede spokeswoman Kristen Anderson said organizers are expecting more than one million people through the gates over the next 10 days. Prime Minister Justin Trudeau says Ottawa has reached a deal with Umicore, a global materials technology and recycling group, to build a new battery facility in Ontario’s Loyalist Township.

Egypt has signed a memorandum of understanding with an Indian company to build a green hydrogen factory in the Suez Canal Economic Zone, a cabinet statement said on Wednesday. Pfizer’s quarterly profit rose to $9.91 billion from $5.56 billion last year. Excluding items, it earned $2.04 per share, above estimates of $1.78. The company recorded a $450 million inventory write-off in the second quarter related to its COVID-19 products that had exceeded or are expected to exceed their shelf-lives.

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