International

Rising borrowing costs are giving a long-awaited lift to Europe’s beleaguered banks, but they come with a sting in the tail. Last year central banks ended a decade of ...

Tesla Inc’s (TSLA.O) electric vehicles are expensive to repair – so much so that the automaker and insurers are addressing the issue in sharply different ways. Chief Executive Elon ...

Shareholders can sue McDonald Corp’s (MCD.N) former global chief people officer for the damage they claim he caused to the restaurant chain by allegedly allowing a culture of ...

IKEA is using more wood from Sweden and the Baltics to make up for not sourcing it from Russia and Belarus which the company has shunned due to Moscow’s ...

Fourth-quarter GDP forecast to increase at a 2.6 per cent rate Strong consumer spending seen; other sectors to contribute Weekly jobless claims expected to rise moderately The US economy likely maintained ...

A top official with the US Commodity Futures Trading Commission (CFTC) is pressing lawmakers to give regulators authority to dig into the books of any firm seeking to acquire significant ...

Elon Musk has a playbook for Tesla (TSLA.O) headed into what he believes will be a “serious” recession: cut costs on everything from parts to logistics, while keeping the ...

The chief executive of Toyota Motor Corp will step down as head of the company his grandfather founded, the Japanese automaker said on Thursday, handing over to the boss of ...

Turkey’s central bank said on Thursday it will provide 2 per cent foreign exchange conversion support to companies that bring forex into the country from abroad, sell it to the ...

Dubai’s stock exchange is working on expanding private sector listings and plans to boost access for both institutional and retail investors, its chief executive said on Tuesday. “Being able ...

Paranoid? The domino downfall of FTX and other crypto custodians is enough to make the most trusting investor grab their bitcoin and shove it under the mattress. Indeed, holders big ...

Britain’s manufacturers unexpectedly reduced their prices in December by the most since April 2020, welcome news for the Bank of England which is weighing up how much higher it needs ...

Crypto giant Binance processed almost $346 million in bitcoin for the Bitzlato digital currency exchange, whose founder was arrested by US authorities last week for allegedly running a “money laundering engine,” ...

Microsoft Corp (MSFT.O) said on Wednesday it was investigating a networking issue that impacted multiple services including Teams and Outlook, with outage reports saying the platforms were down for ...

Younger employees don’t ascribe to traditional job descriptions, want more flexibility, and want organisations to match their own values. Deloitte Cyprus consulting services leader George Pantelides on Tuesday highlighted ...

A European recession looked like a no-brainer just a few weeks ago, but that picture has changed dramatically, and investors have started pouring money into the region’s stocks, currency ...

Elon Musk told jurors on Monday he was sure he had locked up financial support from Saudi investors in 2018 to take his electric car maker Tesla Inc (TSLA.O) private, ...

Ford Motor Co (F.N) plans to cut up to 3,200 jobs across Europe and move some product development work to the United States, Germany’s IG Metall union said on ...

Economies in the six-member Gulf Cooperation Council (GCC) will grow this year at half the rate of 2022 as oil revenues take a hit from an expected mild global slowdown, according ...

Qatar’s sovereign wealth fund has increased its stake in Credit Suisse (CSGN.S) to just under 7 per cent, becoming the Swiss bank’s second-largest shareholder after Saudi National Bank, ...

Turkey’s ruling AK Party is preparing a draft law to let people and companies restructure debt to public institutions, President Tayyip Erdogan said on Monday, one of a string ...

Microsoft Corp (MSFT.O) on Monday announced a further multibillion dollar investment in OpenAI, deepening ties with the startup behind the chatbot sensation ChatGPT and setting the stage for more ...

Elon Musk testified on Monday that he was sure he had backing from Saudi financiers in 2018 to take Tesla Inc (TSLA.O) private, as he defended against claims he defrauded ...

European Central Bank policymakers laid out diverging views on future interest rate hikes on Monday, suggesting that moves beyond next week’s half a percentage point increase remain contentious. The ...