International

By Maria Demertzis Using a strategy of de-risking to deal with an increasingly fragmented world makes good economic sense. President von der Leyen first launched the strategy in a speech ...

By Ioannis Tirkides Erdogan won a third term as Turkey’s president after soundly defeating his challenger Kemal Kilicdaroglu, in a run-off election on May 28, with 52.2 per cent of the ...

Shareholders of Japanese automaker Toyota rejected a resolution urging greater disclosure of its climate lobbying on Wednesday, voting down the first investor proposal to come before the automaker’s annual ...

Uber (UBER.N) said this week that it will shut its food delivery business in Italy and exit Israel, where it has not built sufficient market share. The moves were “...

Tesco (TSCO.L), Britain’s biggest retailer, said the country’s food inflation was starting to ease, signalling some relief for squeezed shoppers and the wider economy as the group ...

The Turkish central bank’s net forex reserves rose some $2.5 billion from a historic low to stand at $-3.17 billion as of June 9, data showed on Thursday, as Ankara loosened ...

The Bank of England looks set to raise interest rates by a quarter point to a 15-year high of 4.75 per cent on June 22, its 13th straight rate rise as it ...

Short video app TikTok, owned by China’s ByteDance, said on Thursday it would invest billions of dollars in Southeast Asia over the next few years, as it doubles down ...

Qatar’s sovereign wealth fund is in talks with Egypt about potentially investing in seven historic hotels there, in what could be a landmark deal between the two countries that ...

Saudi Arabia’s inflation rate was 2.8 per cent in May, slightly higher than 2.7 per cent the previous month, driven by housing costs, government data released on Thursday showed. Higher prices ...

Bedlam in Britain’s 1.5 trillion-pound ($1.9 trillion) mortgage market, fuelled by ructions in money markets, threatens to trigger a renewed slump in housing activity and financial pain for homeowners on a ...

A hawkish message from the Federal Reserve amid a robust stock market rally is presenting investors with a conundrum: how to maintain exposure to rising equities while also guarding against ...

Russia’s No. 2 lender VTB (VTBR.MM) on Thursday said it would increase the number of countries to which retail clients can send money to 25 from 11, with India and Turkey ...

The European Central Bank is all but certain to raise borrowing costs to their highest level in 22 years on Thursday and leave the door open to more hikes, extending its ...

British supermarket group Waitrose said this week it had reduced the price of more than 200 products as part of a 100 million pound ($126 million) plan announced earlier this year in the ...

Israel exported a record $12.556 billion in defence products last year, with new Arab partners under the U.S.-sponsored 2020 Abraham Accords accounting for almost a quarter of the business, the ...

Russian state entity NAMI said on Wednesday it had acquired a 100 per cent stake in a factory producing anti-lock brakes and other systems for cars that was formerly owned by ...

Retailers and the film industry helped Britain’s economy inch higher in April, despite contractions in manufacturing and construction, according to data on Wednesday that pointed to slow growth rather ...

Analysts at leading investment banks expect Turkey’s new economic chiefs to start ramping up interest rates next week as part of a major reset of the country’s economic ...

Lebanon slid deeper into crisis on Wednesday when Hezbollah and its allies thwarted a bid by their rivals to elect a top IMF official as president, sharpening sectarian tensions and ...

IKEA is training call centre workers to become interior design advisers as the Swedish furniture giant aims to offer more home improvement services and hand run-of-the-mill customer queries to an ...

British wage growth soared and employment also jumped in the three months to April, raising expectations that the Bank of England will raise interest rates again, perhaps several times, to ...

Toyota (7203.T) will introduce high-performance, solid-state batteries and other technologies to improve the driving range and cut costs of future electric vehicles (EVs), the automaker said on Tuesday, a strategic ...

Turkey’s expected return to orthodox economic policies may not be enough to secure longer-lasting international investments, with a restoration of predictability and the rule of law still needed to ...