Guzman y Gomez Retreats From U.S. and Wins Investor Approval
Guzman y Gomez Abandons U.S. Expansion, and Investors Applaud Guzman y Gomez, the Australian fast-food chain that once cast the United States as a central part of its global ambitions,…
Britain Faces Mounting Fiscal Strain as Consumers Retreat
Britain’s budget strains deepen as consumers pull back Britain’s economic outlook darkened on Thursday after official data showed government borrowing surged past expectations in April while retail sales suffered their…
Trade Channels Reopen Across the Atlantic and Pacific
Trade channels begin to reopen on two fronts The European Union moved on Wednesday to put into effect a long-delayed trade agreement with the United States, while China publicly confirmed…
Bond Yields Rattle Global Markets
Bond Yields Take Center Stage as Investors Reprice the Cost of Risk The bond market, not corporate earnings or economic growth, has become the force most clearly steering global markets.…
China’s Slowdown Sends Shock Waves Across Asia
China’s April Slowdown Ripples Across Asia China’s economy lost momentum sharply in April, according to official data released Monday, intensifying worries that the world’s second-largest economy is struggling to generate…
Europe’s Budget Airlines Face a Fuel Squeeze
Europe’s Budget Airlines Brace for a Fuel Squeeze Ryanair, Europe’s largest low-cost airline, said on Monday that it has drawn up plans for an aviation “armageddon” scenario if the jet-fuel…
Adani Nears a U.S. Legal Reprieve
A Turning Point in Gautam Adani’s U.S. Cases Gautam Adani, the Indian billionaire whose conglomerate has spent years fending off questions from investors and regulators, appears to be nearing a…
Inflation Shakes Wall Street’s Calm
Inflation Reasserts Itself on Wall Street A hotter-than-expected inflation report jolted investors on Tuesday, reviving a threat that had receded during the stock market’s long rally: the possibility that the…
India Urges Austerity as Iran War Jolts Economy
India Moves to Brace Households as Iran War Exposes Economic Fault Lines Prime Minister Narendra Modi has begun speaking with unusual directness about the costs of the Iran war for…
Spirit’s Collapse Shakes Budget Air Travel
The sudden collapse of Spirit Airlines has turned a long-running corporate crisis into an immediate test for travelers, regulators and the airline industry, with thousands of passengers scrambling to rebook…