Bank of Cyprus bid makes case for lender buyouts
By Liam Proud
Banks usually make for tricky private equity targets. Turnoffs include demanding regulators and high leverage, which stops buyers from piling on further debt. But when prices are ...
Articles
Sri Lanka inflation rate surges to 70.2% in August
Consumer inflation in Sri Lanka accelerated to 70.2% in August,the statistics department said on Wednesday, as the island nation reels under its worst economic crisis in decades.
The National Consumer ...
Medvedev: new regions can be defended with strategic nuclear weapons
Former Russian president Dmitry Medvedev said on Thursday that any weapons in Moscow’s arsenal, including strategic nuclear weapons, could be used to defend territories incorporated in Russia from Ukraine.
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Dollar towering, stocks cowering as Fed flags more hikes
The dollar surged to a fresh two-decade high and stocks slid on Thursday with investors unsettled by the Federal Reserve’s aggressive outlook for US interest rates and braced for ...
Oil rises as supply fears outweigh recession worries
Oil rebounded on Thursday after sliding 1 per cent in the previous session as concerns over tight supplies heading into winter eclipsed fears of a global recession.
Brent crude futures rose 15 ...
Iranian protesters set fire to police station as unrest over woman’s death spreads
Protesters in Tehran and several other Iranian cities torched police stations and vehicles on Thursday as unrest triggered by the death of a woman detained by the Islamic Republic’s ...
Strong earthquake strikes Mexico at night again, one death reported
A magnitude 6.8 earthquake struck western Mexico early on Thursday, claiming the life of a woman in Mexico City who fell and hit her head as residents evacuated their homes during ...
Europe’s vegetable farmers warn of shortages as energy crisis bites
Emmanuel Lefebvre produces thousands of tonnes of endives on his farm in northern France annually, but this year he may abandon his crop because of the crippling energy costs required ...
Iran protests spread, death toll rises as internet curbed
Iranian authorities and a Kurdish rights group reported rising death tolls on Wednesday as anger at the death of a woman detained by the morality police fuelled protests for a ...
Britain to examine competition in cloud services
Britain’s communications regulator said it would investigate the position of cloud “hyperscalers” Amazon, Microsoft and Google, which together account for around 81 per cent of revenue in the market, to ...
Dykes at the double as Scotland outclass Ukraine
Scotland went top of their Nations League group after a double from substitute Lyndon Dykes and another goal from captain John McGinn secured an emphatic 3-0 win over Ukraine at ...
Finland says traffic on border with Russia increasing
Traffic arriving at Finland’s eastern border with Russia has “intensified” during the night, the Finnish Border Guard said early on Thursday, while adding that the situation was under control.
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UN showdown looms between Lavrov, West over atrocities in Ukraine
Russian Foreign Minister Sergei Lavrov will face off on Thursday with his Ukrainian and Western counterparts, including U.S. Secretary of State Antony Blinken, when the United Nations Security Council ...
Europe burns cash to help businesses in deepening energy crisis
Germany nationalised gas importer Uniper (UN01.DE) on Wednesday and Britain capped the wholesale cost of electricity and gas for businesses, in Europe’s latest moves to keep the lights ...
Donald Trump and children are sued by New York attorney general for fraud
Donald Trump, his family business, and three of his adult children were sued by New York’s attorney general, who accused them of overvaluing the former U.S. president’s ...
EU ministers agree to press ahead with new Russia sanctions
European Union foreign ministers agreed on Wednesday to prepare new sanctions on Russia and increase weapons’ deliveries to Kyiv after President Vladimir Putin ordered the country’s first wartime mobilisation ...
Nasdaq bets big on digital assets despite crypto turmoil
Nasdaq Inc (NDAQ.O) is placing a big bet on the cryptocurrency market, with the launch of a digital assets business that is aimed at tapping institutional investors.
The new ...
Boeing to slash nearly 150 finance jobs in US
Planemaker Boeing Co (BA.N) said on Tuesday it plans to cut about 150 finance jobs in the United States this year to simplify its corporate structure and focus more resources ...
Baltic nations say they will refuse refuge to Russians fleeing mobilisation
European Union members Latvia, Lithuania and Estonia, which border Russia, will not offer refuge to any Russians fleeing Moscow’s mobilisation of troops, their ministers said on Wednesday.
One-way flights ...
Germany raids Russian oligarch’s properties in money-laundering probe
German police raided a lakeside villa registered to Russian-Uzbek oligarch Alisher Usmanov in the southern state of Bavaria on Wednesday as part of investigations into suspected money-laundering, sources familiar with ...
Collectors clamor for rare Queen Elizabeth coins and notes
The death of Britain’s Queen Elizabeth has collectors scrambling to secure rare coins and bills bearing her likeness, even as her portrait is set to remain in circulation for ...
EU foreign ministers to meet on Putin’s threats on Wednesday
European Union foreign ministers will hold an emergency meeting in New York later on Wednesday after Russian President Vladimir Putin ordered the mobilization of hundreds of thousands of Russians to ...
Biden, UK’s Truss commit to protect Northern Ireland deal
U.S. President Joe Biden and British Prime Minister Liz Truss met in person for the first time on Wednesday and said they want to ensure the 1998 Good Friday Agreement ...
France’s ASN: Fire at uranium site under control, no radiation found
France’s nuclear watchdog ASN on Wednesday said it had found no traces of nuclear radiation after a fire broke out at a plant containing uranium in southeastern France run ...