Herman Susanto and Dwi Aksan were heading from Indonesia’s capital Jakarta to the satellite city of Cikarang after a long day at work on Monday when disaster struck. Susanto, the head of the Indonesian Workers’ Federation, and his colleague, Aksan, were in the third carriage of a commuter train crammed with workers going home at around 9pm when it stopped to let passengers alight at Bekasi Timur s...
Herman Susanto and Dwi Aksan were heading from Indonesia’s capital Jakarta to the satellite city of Cikarang after a long day at work on Monday when disaster struck. Susanto, the head of the Indonesian Workers’ Federation, and his colleague, Aksan, were in the third carriage of a commuter train crammed with workers going home at around 9pm when it stopped to let passengers alight at Bekasi Timur station. The two men had hoped to rest before they reached their final stop, but instead, they found...
The rerouting of China’s hi-tech electronics and computer equipment will materially erode margins for U.K. and European companies, even if they erect trade barriers themselves.
The rerouting of China’s hi-tech electronics and computer equipment will materially erode margins for U.K. and European companies, even if they erect trade barriers themselves.
In this article @LCO.1 Follow your favorite stocks CREATE FREE ACCOUNT Tiina Lee, the CEO of Citi U.K., expects global growth to remain resilient this year, telling CNBC that a "recessionary environment" is "not our base case." Markets have continued to perform in an orderly way, despite the economic and geopolitical upheaval caused by the Iran conflict, which entered its 60 th day on Tuesday, Lee...
In this article @LCO.1 Follow your favorite stocks CREATE FREE ACCOUNT Tiina Lee, the CEO of Citi U.K., expects global growth to remain resilient this year, telling CNBC that a "recessionary environment" is "not our base case." Markets have continued to perform in an orderly way, despite the economic and geopolitical upheaval caused by the Iran conflict, which entered its 60 th day on Tuesday, Lee said. She highlighted a ripening opportunity set across AI, data infrastructure, and energy, coupled with record mergers and acquisitions volumes in the first quarter. But, speaking with CNBC's "Squawk Box Europe" on Tuesday, Lee acknowledged that a deeper and longer conflict remains a live risk for markets and economies. The war has driven Brent crude prices above $100 a barrel, compared to around $70 in February. If hostilities continue for the remainder of this year and into 2027, the risk is that oil surges towards $120 or $150. "That's a different scenario," Lee said. The global oil benchmark crept up to $111 a barrel in early trading Tuesday. However, she underscored the resilience in the global economy, particularly within the U.S., and said she expects growth to remain "fairly resilient" for the remainder of 2026, at around 2.7%. "A recessionary environment is not our base case," she said. watch now VIDEO 4:33 04:33 Citi UK CEO: A recessionary environment is not our base case Squawk Box Europe The U.S. economy's resilience has been "phenomenal" in the face of prevailing macro headwinds since the start of the year, Lee said, adding that AI has provided a "massive growth spurt", while also pinpointing opportunities across data infrastructure and energy. "We are in the middle of the most significant investment cycle in a generation," she said. "There is a lot to play for." She added: "When we speak to CEOs, they're just as bullish in terms of opportunity for their own companies, and also when opportunities make deep strategic sense, what you've seen over the last quar...