Oil steady as Gaza ceasefire talks gain traction
Oil prices were little changed on Friday, with global benchmark Brent hovering above $85 per barrel, as the possibility of a ceasefire in Gaza gained traction.
Brent crude futures were down 2 ...
Articles
Apple antitrust suit mirrors strategy that beat Microsoft, but tech industry has changed
The US government’s antitrust lawsuit against Apple (AAPL.O) draws on the watershed 1998 case that broke Microsoft’s stranglehold on desktop software, but that may prove to be an ...
Russia warns Western banks of catastrophic consequences over asset confiscation
The Kremlin on Friday said Western banks’ legal departments understand the “catastrophic consequences” that would follow should the EU proceed with plans to confiscate Russian assets.
Some western banks are ...
Maguire urges England to seize big moments at Euros
Defender Harry Maguire said England have the players who can produce in the big moments and that the squad is ready to win the European Championship in Germany.
England, who ...
Western banks warn of risks in EU plan to grab Russian assets, sources say
Some western banks are lobbying against EU proposals to redistribute billions of euros in interest earned on frozen Russian assets, senior industry sources said, fearing it could lead to costly ...
Ferrari’s Leclerc fastest in second practice at Australian GP
Charles Leclerc topped the timesheets for Ferrari in the second free practice at the Australian Grand Prix on Friday after Williams driver Alex Albon wrecked his car in the first ...
US puts pressure on Israel with Gaza ceasefire resolution as Qatar talks continue
Israel’s spy chief was due to travel to Qatar on Friday for ceasefire negotiations while the U.S. planned to put a resolution calling for an immediate truce in ...
Swiss central bank cuts rates in surprise move, getting ahead of global peers
The Swiss National Bank cut its main interest rate by 25 basis points to 1.50 per cent on Thursday, a surprise move which made it the first major central bank to dial ...
Norway keeps interest rate on hold, eyes September cut
Norway’s central bank kept its benchmark interest rate unchanged at a 16-year high of 4.50 per cent on Thursday, as unanimously expected by analysts, and signalled it plans a single ...
Brazil heading to rare sequence of rising coffee crops
Brazil is expected to post its third annual increase in coffee production this year, a rare sequence seen only seven times in 144 years of coffee history in the world’s ...
US to bring resolution calling for ceasefire in Gaza for vote in UN on Friday
The United States will bring a U.N. draft resolution calling for an immediate ceasefire in Gaza and an Israel-Hamas hostage deal to a Security Council vote on Friday morning, ...
Venezuela creates new state in territory under dispute with Guyana
Lawmakers in Venezuela allied with the government of President Nicolas Maduro on Thursday approved the creation of a new state in a territory that is the subject of a long ...
US surgeons perform first pig-to-human kidney transplant
A 62-year-man with end-stage renal disease has become the first human to receive a new kidney from a genetically modified pig, doctors from Massachusetts General Hospital in Boston announced on ...
Blinken cites progress with Saudis on normalising ties with Israel
The United States and Saudi Arabia have made “good progress” in talks on normalising ties between the kingdom and Israel, U.S. Secretary of State Antony Blinken said on Thursday ...
Canada plans to reduce temporary residents, cap future intake
Canada plans to reduce its temporary residents and set a cap on temporary immigration for the first time ever, Immigration Minister Marc Miller said on Thursday, the latest government effort ...
Pressure mounts on Ukraine to scrap ‘sponsors of war’ blacklist
Ukraine could dismantle within days its “sponsors of war” blacklist, central to Kyiv’s campaign to expose companies doing business with Russia, after a backlash from countries including China and ...
Apple accused of monopolising smartphone markets in US antitrust lawsuit
The U.S. Department of Justice and 15 states on Thursday sued Apple, alleging it used the powerful demand for its iPhone and other products to drive up prices for its ...
Turkey central bank stuns market with 500-point rate hike to 50%
Turkey’s central bank unexpectedly raised interest rates by 500 basis points to 50% on Thursday, citing a deteriorating inflation outlook and pledged to tighten further if significant and persistent deterioration in ...
EU leaders discuss using profits from Russian assets to arm Ukraine
European Union leaders arrived at a summit on Thursday to discuss whether to use billions of euros in profits from frozen Russian financial assets to buy arms for Ukraine as ...
Robinho’s defense appeals to avoid prison after rape sentence
The defense of former footballer Robinho has filed a request to Brazil’s Supreme Court to avoid his immediate arrest after a different court ruled that he must serve in ...
Pound tumbles, gilts rally after BoE nods at rate cut ahead
The pound fell, while UK government bond prices rallied on Thursday after the Bank of England kept interest rates unchanged but sigalled the economy was moving in the right direction ...
Labour’s Starmer urges people to leave Princess of Wales alone
British opposition Labour party leader Keir Starmer urged people on Thursday to leave Kate, the Princess of Wales, alone after she has become the focus of speculation, rumour and bizarre ...
Fighting rages at Gaza’s Shifa hospital
U.S. Secretary of State Antony Blinken arrived in Cairo on Thursday for talks with Arab officials to push for a ceasefire in Gaza, after Israel‘s prime minister told ...
Fed sees three rate cuts in 2024 but a more shallow easing path
Federal Reserve Chair Jerome Powell said on Wednesday recent high inflation readings had not changed the underlying “story” of slowly easing price pressures in the US as the central bank ...