World’s ghost fleet in focus over US Russian price cap crackdown
US penalties on shippers transporting Russian oil in breach of the G7’s price cap could push more Russian cargoes onto vessels referred to as the ghost fleet and away ...
UK’s Heathrow hikes passenger forecast as losses shrink
Britain’s Heathrow Airport raised its 2023 passenger forecast on Thursday and reported a big fall in losses for the first nine months of the year following strong summer demand for ...
Oil falls after US stockpiles climb, Middle East tensions in focus
Oil prices fell on Thursday after a rise in US crude stockpiles and a climb in the dollar index, giving up some ground gained a day earlier when prices jumped ...
UK businesses stuck in reverse in October, surveys show
Britain’s businesses reported another decline in activity this month and cost pressures cooled further, surveys showed on Tuesday, underlining the risk of recession as the Bank of England prepares ...
Zara owner Inditex to buy recycled polyester from US start-up
Zara owner Inditex (ITX.MC), the world’s biggest clothing retailer, has agreed to buy recycled polyester from US start-up Ambercycle, the companies said on Wednesday.
As fast-fashion retailers face ...
Japan weighs spending of $33 bln on measures to fight inflation -sources
Japan’s government is considering spending around $33 billion for payouts to low-income households and an income tax cut in a package of measures to cushion the blow to households from ...
BoE likely to keep high rates on hold even as signs of slowdown mount
The Bank of England looks set to keep interest rates on hold next week but also stress that it is far from relaxing its fight against Britain’s high inflation ...
Barclays signals major cost cuts as margin pressure mounts
Britain’s Barclays (BARC.L) will embark on another restructuring round in the coming months to mitigate the effects of margin pressure from competition in the savings market and another ...
Oil dips as economic concerns offset Middle East supply worries
Oil fell for a fourth day on Wednesday as concerns about slowing European demand offset worries about Middle East supply disruptions stemming from the Israel-Hamas conflict in Gaza.
Brent crude ...
Apple backs Biden’s push for right-to-repair law
Apple (AAPL.O), the world’s largest tech company, said on Tuesday that it will back a US right-to-repair bill, following years of complaints from consumer advocates that its sleek ...
Euro zone October PMI at near 3-year low, stirring recession worries
Euro zone business activity took a surprise turn for the worse this month as demand fell in a broad-based downturn across the region, a survey showed, entering the fourth quarter ...
Britain scraps cap on banker bonuses inherited from EU
Britain on Tuesday scrapped a decade-old cap on banker bonuses inherited from the European Union, signalling a clear divergence in post-Brexit financial rules from the 27-country bloc it left in 2020.
...
Nvidia to make Arm-based PC chips in major new challenge to Intel
Nvidia (NVDA.O) dominates the market for artificial intelligence computing chips. Now it is coming after Intel’s longtime stronghold of personal computers.
Nvidia has quietly begun designing central processing ...
Norway’s wealth fund posts $34 billion loss in third quarter
Norway’s $1.4 trillion sovereign wealth fund, the world’s largest, posted a loss of 374 billion Norwegian crowns ($33.80 billion) in the third quarter of 2023 as all asset classes fell in value, ...
The battery test race to work out what used EVs are really worth
A race is on to certify battery health and performance in used electric vehicles, with a clutch of startups scrambling to help buyers figure out how much a secondhand EV ...
Anti-obesity drugs can be boost for food makers, investors say
The growth in demand for appetite suppressing anti-obesity drugs like Novo Nordisk’s (NOVOb.CO) Wegovy presents opportunities for food manufacturers and the market’s initially downbeat reaction may be ...
Toyota lobbies India to cut hybrid-car taxes as much as 21 per cent
Japan’s Toyota Motor (7203.T) is lobbying the Indian government to cut taxes on hybrid vehicles by as much as one-fifth, arguing they are far less polluting than petrol cars ...
EV brand Beyonca signs investment deal with Saudi Arabian group
Electric vehicle brand Beyonca, backed by Renault (RENA.PA) and Dongfeng Motor (0489.HK), said on Monday that it signed an investment agreement with Riyadh-based Al Faisaliah Group Holding Company.
At ...
Time for central bank digital currencies to prove their worth
A milestone move by the European Central Bank toward launching a digital euro within a few years means the time has come for the newest incarnation of money to prove ...
Global billionaire tax could yield $250 billion annually
Governments should open a new front in the international clampdown on tax evasion with a global minimum tax on billionaires, which could raise $250 billion annually, the EU Tax Observatory said ...
Oil eases as aid convoys arrive in embattled Gaza Strip
Oil prices slid more than $1 on Monday as diplomatic efforts grew over the weekend to contain the conflict between Israel and the Palestinian Islamist group Hamas, although Gaza continued to ...
The race is on for a new internet
Europe is pushing to create a network infrastructure based on quantum physics.
By Jonathan O’Callaghan
In May 2023, Dr Benjamin Lanyon at the University of Innsbruck in Austria took an ...
The green shoots of urban agriculture
City farming and food sharing are blossoming in Europe with the help of local traditions and EU research.
By Anthony King
Picture the following scene in the Netherlands: kids roll ...
WhatsApp clampdown highlights video call compliance threat for finance firms
With text messages and emails under tightened surveillance, financial firms may now have to screen staff video calls for possible rule-breaking, amid concern regulators are poised to scrutinise such calls ...