Page 43 - Gb News Today

A look at the day ahead in U.S. and global markets from Mike Dolan

The days of carefree plastic use may soon be over. Even though the world is suffocating in polluting waste, sales of fresh polymers are projected to rise 40% to $529 billion by 2031. This may change if supporters of taxes and other restrictive measures prevail at ongoing talks for a global treaty to end plastic pollution by 2040. Drastic action would shrink a promising market for Big Oil and cut packaging firms’ margins.

Sentiment among British businesses fell for the first time in three months in May as firms were less optimistic about the economy and their trading prospects despite some signs of resilience in the economy, a survey showed on Wednesday.

Ukraine is working with major British defense company BAE Systems to set up a Ukrainian base to both produce and repair weapons from tanks to artillery, President Volodymyr Zelenskiy said on Tuesday.

Ladbrokes-owner Entain Plc said on Wednesday it was likely to incur a "substantial financial penalty" as part of an investigation by Britain's tax authority into issues including possible misconduct involving former third-party suppliers.

A look at the day ahead in European and global markets from Sonali Desai

A British consortium that includes mining giant Glencore will invest about $9 billion in Indonesia's mining and electric vehicle (EV) battery sectors, a minister said on Wednesday, as the resource-rich country tries to lure a host of multinational firms.

The Reserve Bank of Australia will not sign any new contracts with PricewaterhouseCoopers (PwC) Australia until a scandal over the firm's misuse of confidential government tax plans is sorted out, the central bank's governor said on Wednesday.

Even after Nvidia Corp's blistering rally in recent days, the chip developer's valuation has actually fallen, at least by one measure widely used by analysts and investors.

Markets participants have a month to stop using Libor, the tarnished interest rate banks were fined for trying to rig, Britain's Financial Conduct Authority (FCA) said on Wednesday.