Business
Cyprus continues to experience excessive macroeconomic imbalances, the European Commission said on Monday during the presentation of its 2022 European Semester Spring Package. “Overall, vulnerabilities...
Hyundai Motor Group to invest more than $10 billion in US up to 2025
Hyundai Motor Group said on Sunday it would invest an additional $5 billion in the United States by 2025 to strengthen collaboration with US firms...
Broadcom in talks to buy VMware
Chipmaker Broadcom Inc (AVGO.O) is in talks to acquire cloud service provider VMware Inc (VMW.N), people familiar with the matter told Reuters. Negotiations between Broadcom...
AstraZeneca says EU regulator approves COVID shot as booster
Drugmaker AstraZeneca (AZN.L) said on Monday its COVID-19 vaccine, Vaxzevria, has been approved in the European Union by the bloc’s drugs regulator as a third-dose...
Top stablecoin Tether boosts US Treasuries holdings
Tether, the world’s largest stablecoin, said on Thursday it has boosted its holdings of US government debt while cutting exposure to riskier assets, the first...
Oil firms on tight supply as US driving season looms
Oil prices gained on Monday with US fuel demand, tight supply and a slightly weaker US dollar supporting the market, as Shanghai prepares to reopen...
Cryptoverse: Stablecoins wend wobbly way into the unknown
Stablecoins, the safe and strait-laced cousins of crypto, are looking distinctly dicey. Tether, USDC and others lost their prized pegs to the dollar last week...
Australian banks enter tech arms race as rising rates squeeze profit
The 10-minute home loan – at the tap of a smartphone screen – is emerging as the next frontier in Australian banking as rising interest...
BMW exploring energy investments to reduce dependence on natural gas
BMW (BMWG.DE) is exploring new investments in solar, geothermal and hydrogen energy to lower its dependence on natural gas, the carmaker’s production chief told Reuters...
Israel Discount Bank quarterly profit rises, to pay dividend
Israel Discount Bank (DSCT.TA) reported a higher-than-expected rise in quarterly profit that was boosted by higher financing income and a one-time gain. Discount, Israel’s fourth-largest...