Rio Tinto’s Profits and Dividend Slide as China Slowdown Bites
Rio Tinto Group reported a drop in first-half profit and cut its dividend again as China’s economic slowdown
1970-01-01 08:00
Australia Aims to Conclude Trade Talks With India by Year-End
Australia hopes to complete an agreement with India that will expand market access for Australian exporters by the
1970-01-01 08:00
Puma Earnings Beat on Demand in China, Latin America and Europe
Puma SE reported earnings that topped analysts’ estimates as demand in China rebounds for sneakers and apparel. Second-quarter
1970-01-01 08:00
Friends Who Help Manage $640 Billion Clash on China Bonds
Three Japanese market veterans ruminating over beer in Tokyo whether Chinese debt is the deal of the century
1970-01-01 08:00
Expat Pay Packages Jump in Singapore, Drop in Hong Kong
The cost of expat pay packages in Singapore climbed 4% last year, while those for foreign workers in
1970-01-01 08:00
Just Eat’s First-Half Profit Beats Estimates After Cost Cutting
Just Eat Takeaway.com NV’s first-half earnings beat analysts’ estimates as cost cutting and restructuring measures boosted profitability. The
1970-01-01 08:00
UniCredit Lifts Targets for Second Quarter as Profit Surges
UniCredit SpA lifted its full-year targets for a second straight quarter after surging income from lending boosted profit.
1970-01-01 08:00
Santander Earnings Beat Estimates as Rates Boost Spain, Europe
Banco Santander SA’s earnings beat estimates as higher interest rates in Europe boosted revenue, offsetting the impact of
1970-01-01 08:00
Singapore Says US, China Need to Come Together for Climate Push
The US and China need to come together to give global climate negotiations a “big push,” according to
1970-01-01 08:00
New Zealand, Australia to Explore Options for Seamless Travel
New Zealand and Australia are to explore moves toward more “seamless travel” between the two nations to enhance
1970-01-01 08:00
Mitt Romney calls on GOP donors to force out no-hope candidates in bid to stop Trump getting nomination
Senator Mitt Romney (R-UT) called on Republican donors to force candidates who have little to no chance to win the Republican nomination for president out of the race to prevent Donald Trump from winning. The 2012 Republican presidential nominee-turned-chief critic of the former president within the GOP wrote an op-ed in The Wall Street Journal that any candidate had a shot of beating Mr Trump if the contest became a two-person race. “For that to happen, Republican megadonors and influencers – large and small – are going to have to do something they didn’t do in 2016: get candidates they support to agree to withdraw if and when their paths to the nomination are effectively closed,” he said. Mr Romney set the deadline of 26 February, which would be after the Iowa caucuses, the New Hampshire primary, the Nevada caucus and the South Carolina primary. He said plenty of Republican candidates with no chance of winning benefit greatly from their candidacies. “Left to their own inclinations, expect several of the contenders to stay in the race for a long time,” Mr Romney noted. “They will split the non-Trump vote, giving him the prize. A plurality is all that is needed for winner-take-all primaries.” Mr Romney also cited the presidential candidacy of his father, the late George Romney, when he ran in 1968 and how many moderate Republicans got behind him before the elder Romney dropped out and they pledged their support to Nelson Rockefeller to stop Richard Nixon. But Mr Romney said such circumstances don’t exist today because of the rise of super PACs, which allow for unlimited fundraising. “A few billionaires have already committed tens of millions of dollars,” he said. “They have a responsibility to give their funds with clear eyes about their candidate’s prospects.” Mr Romney is the only Republican Senator who voted to convict Mr Trump for both of the former president’s impeachments in 2020 and 2021. The former Massachusetts governor said donors who back a candidate with a slim chance should receive a hard pledge that they will drop out and back the candidate with the best chance of beating Mr Trump by 26 February. “Donors may think that party leaders can narrow the field,” he wrote. “Not so. Candidates don’t listen to party officials, because voters don’t listen to them either. And the last people who would ever encourage a candidate to withdraw are the campaign staff and consultants who want to keep their jobs for as long as possible.” Polling in early states showed Mr Trump continues to hold a commanding lead in many of the early states, including Iowa, New Hampshire and South Carolina. “Our party and our country need a nominee with character, driven by something greater than revenge and ego, preferably from the next generation,” he said. “Family, friends and campaign donors are the only people who can get a lost-cause candidate to exit the race. After Feb. 26, they should start doing just that.” Read More Trump news – live: Trump shares QAnon post on Truth Social as ex-NYPD boss hands evidence to Jan 6 probe Watch: Jill Biden meets France’s first lady to celebrate US rejoining Unesco Hunter Biden's guilty plea is on the horizon, and so are a fresh set of challenges Judge vacates desertion conviction for former US soldier captured in Afghanistan Putting a floating barrier in the Rio Grande to stop migrants is new. The idea isn't.
1970-01-01 08:00
Women Workers to Be Hurt More Than Men by AI Wave, McKinsey Says
Women have more to worry about than men from a coming wave of automation and artificial intelligence that
1970-01-01 08:00
