International

Switzerland’s tradition of dependable consensus politics has taken a battering after the government used an emergency law to push through a state-backed mega-merger of UBS (UBSG.S) and Credit ...

Sales at Birkin bag maker Hermes (HRMS.PA) rose 23 per cent in the first quarter, above market expectations, as wealthy shoppers in China and Europe splurged on luxury fashion and ...

Tesla Inc (TSLA.O) on Friday slashed prices for its electric vehicles in Europe, Israel and Singapore, expanding a global discount drive it began in China in January while raising ...

Boeing Co’s (BA.N) shares fell 6 per cent in premarket trading on Friday after the US planemaker halted deliveries of some 737 MAXs due to a new supplier quality problem ...

Japan on Friday approved a plan to build the country’s first casino in the western city of Osaka, paving the way for a 1.8 trillion yen ($13.5 billion) resort set to ...

Trading and investing platform eToro said on Thursday it has partnered with Elon Musk-led Twitter to let users access real-time prices of cryptocurrencies, stocks and other assets, and to enable ...

The European Central Bank should speed up the reduction of its balance sheet and could stop reinvesting cash from debt maturing in its largest bond buying scheme to complement further ...

Bankrupt crypto exchange FTX has recovered over $7.3 billion in cash and liquid crypto assets, an increase of more than $800 million since January, the company’s attorney said on Wednesday at ...

Following the Bank of Japan’s launch this month of a pilot programme to test the use of a digital yen, the Ministry of Finance plans to convene a meeting ...

DP Eurasia (DPEU.L), which runs the Domino’s Pizza brand in Turkey and Russia, said on Wednesday it was weighing options for its Russian business after reporting a rise ...

Turkey’s central bank has been urging banks in recent weeks to avoid steps that could create demand for foreign currency as May elections loom, and to instead focus on ...

Ukraine’s gross domestic product (GDP) fell by 29.1 per cent in 2022 as Russia’s full-scale invasion battered the economy, the state statistics service said late on Wednesday. The final 2022 GDP ...

Britain’s biggest retailer Tesco (TSCO.L) forecast flat profit in its new financial year, stemming the 6.3 per cent decline from 2022/23 when soaring inflation battered customers and suppliers alike. With ...

European Central Bank policymakers are converging on a 25 basis point interest rate hike in May, even if other options remain on the table and the debate is not yet settled, ...

Britain’s economy stagnated in February as strikes by public workers hit output but a bounce in January was stronger than first thought, meaning a recession is a bit less ...

Mercedes-Benz Group (MBGn.DE) sales rose moderately in the first quarter of the year, boosted by electric vehicles (EV) and premium cars, the German carmaker said on Wednesday. Worldwide sales ...

AB Volvo (VOLVb.ST) reported record first-quarter profit, a preliminary filing showed, as the truck maker boosted its revenue and margins despite supply bottlenecks and cost inflation, sending its shares ...

Political pressure is building within the European Union to tackle the daunting challenge of closing a loophole in its efforts to stop using Russian fossil fuels: liquefied natural gas (LNG). ...

The US Energy Department (DOE) on Monday proposed reducing electric vehicles’ (EV) mileage ratings to meet government fuel economy requirements, a move that could force automakers to sell more low-emissions ...

Gold prices advanced on Tuesday after falling over 1 per cent in the previous session, as the dollar eased ahead of key US inflation data. Spot gold was up 0.5 per cent ...

Credit Suisse (CSGN.S) and UBS (UBSG.S) must freeze any job cuts planned as part of their emergency merger, the Swiss Bank Employees’ Association (SBPV) said on Tuesday, in ...

British retailers reported a boost in spending from Mother’s Day purchases in March, during an otherwise downbeat sales period when cost of living pressures and unusually wet weather kept ...

Egypt’s annual urban consumer inflation rate in March climbed to 32.7 per cent year-on-year, just shy of an all-time record, from 31.9 per cent in February, data from the country’s ...

Jeffrey Haley, the CEO of American National Bank and Trust Company, saw the crunch coming at the start of 2023. Rising interest rates and a slowing economy to him meant that ...