Wall Street is losing patience over Meta (META.O) boss Mark Zuckerberg’s enormous and experimental bets on his metaverse project that helped drive up the company’s overall costs ...
Shares of Mobileye Global Inc (MBLY.O) are up 30 per cent in early afternoon trading on Wednesday following its US debut, valuing the self-driving technology unit of Intel Corp (INTC....
Forcing banks across the European Union to offer instant payments in euros is a “seismic” shift to make the economy more efficient and reap savings for businesses and customers, the ...
Battered by years of scandals and losses, Credit Suisse (CSGN.S) plans to raise capital, cut thousands of jobs and spin off its investment bank.
Here are main elements of ...
Overspending on Twitter Inc (TWTR.N) for $44 billion was the easy part.
Now, Tesla Inc (TSLA.O) Chief Executive Elon Musk must prove why he believes that Twitter is worth 10 ...
Tesla Inc (TSLA.O) is under criminal investigation in the United States over claims that the company’s electric vehicles can drive themselves, three people familiar with the matter said.
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Egypt’s pound slid about 14.5 per cent to a record low against the dollar on Thursday as authorities announced a $3 billion International Monetary Fund deal with a commitment to a “...
Turkish defence company Baykar is planning to complete the construction of its manufacturing plant in Ukraine in two years, its chief executive said on Thursday, after the company became highly ...
Credit Suisse, battered by years of scandals, plans to raise 4 billion Swiss francs ($4 billion) by selling stock while slashing thousands of jobs and spinning off its investment bank in an ...
Saudi Arabian Airlines (Saudia) has signed an agreement with German air taxi developer Lilium to buy up to 100 of its aircraft for use on Saudia’s domestic network, the state ...
Egypt’s central bank said on Thursday it had raised interest rates by 200 basis points in an exceptional meeting of its monetary policy committee.
The central bank set the overnight ...
The European Central Bank raised interest rates again on Thursday and announced it was changing the terms of its ultra-cheap loans to commercial banks in a bid to shrink its ...
European benchmark gas prices have been steadily declining over the past few months to near their levels before war broke out in Ukraine.
Europe has been facing an energy supply ...
The European Central Bank will raise interest rates again on Thursday and likely reel in a key subsidy to commercial banks, taking another big step in tightening policy to fight ...
Twitter Inc (TWTR.N) shares will be suspended from trading on Friday, the New York Stock Exchange’s website showed, as billionaire Elon Musk faces a court-ordered Oct. 28 deadline to ...
Turkish bank executives raised concerns with authorities this week that a year of new rules forcing them to buy government bonds could ultimately destabilize the sector, even as it sharply ...
Oil giant Saudi Aramco launched a $1.5 billion fund to support an inclusive global energy transition on Wednesday while Saudi officials said the switch from hydrocarbons could take decades, necessitating continued ...
Bahrain’s finance minister said on Wednesday that the Gulf countries need to build their production and export capabilities in order to transform their economies, since the majority of their ...
Oil prices eased on Wednesday after industry data showed US crude stockpiles rose more than expected, though supply worries capped losses. Brent crude futures for December fell $1.03, or 1.1 per cent, ...
“Is Twitter dying?” billionaire Elon Musk mused in April, five days before offering to buy the social media platform.
The reality, according to internal Twitter (TWTR.N) research seen by ...
The global economy is approaching a recession as economists polled by Reuters once again cut growth forecasts for key economies while central banks keep raising interest rates to bring down ...
As a developed nation, you know your currency’s in a spot of bother when investors start to hedge with bitcoin.
After Britain’s brief Prime Minister Liz Truss unleashed ...
Microsoft Corp (MSFT.O) is stocking up on Chinese video game content to emulate Sony Group Corp’s (6758.T) success with “Genshin Impact”, sources said, solidifying China’s transition from ...
For more than a decade since the global financial crisis, central bankers pumped trillions of dollars of cheap money into the financial system to keep the economy afloat. Now that ...