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BERLIN (Reuters) - The German Greens' candidate for chancellor Annalena Baerbock on Wednesday criticised Finance Minister Olaf Scholz's plan to return to strict borrowing limits from 2023, saying Berlin had to invest more in climate protection, health care and education.
SYDNEY: An extended sell-off drove Asian shares to their lowest in seven weeks on Wednesday as surging commodity prices and growing inflationary pressure in the United States prompted markets to bet on earlier rate hikes and higher bond yields globally.
UNITED NATIONS (China Daily/ANN):- The United Nations has lifted the world economic growth forecast as a result of robust rebounds in China and the United States, but warned of fragilities in other economies due to Covid-19.
(Reuters) -Electronic Arts Inc on Tuesday forecast annual adjusted revenue above analysts' estimates, betting that demand for its titles, including "FIFA 21" and "Apex Legends," would stay strong even as COVID-19 restrictions ease.
(Reuters) - French video games company Ubisoft warned operating profit might fall this financial year as the maker of "Assassin's Creed" invests in new titles and laps a surge in gaming at the start of coronavirus lockdowns.
PETALING JAYA: Bursa Malaysia maintains its bearish tone as the third nationwide movement control order (MCO 3.0) which starts today weighs on sentiments
(Reuters) - Some of the world's biggest chip buyers, including Apple Inc, Microsoft Corp and Alphabet Inc's Google, are joining top chip-makers such as Intel Corp to create a new lobbying group to press for government chip manufacturing subsidies.
Shares dropped on Tuesday in Asia after selling of several Big Tech companies pulled US benchmarks lower.
Philippines 1Q21 GDP contracted by 4.2% YoY with year-on-year economic growth slowing more sharply than anticipated (-3.2% consensus) as partial lockdowns weighed on consumer sentiment and overall economic activity.
CGS-CIMB Research said earnings risks under the MCO 3.0 are likely to be lower compared to MCO 1.0 as more economic sectors are allowed to operate.