Ferrari to churn out gas guzzlers on its slow road to electric
Ferrari (RACE.MI) makes some of the fastest cars on the road, but the luxury Italian automaker is taking the slow lane to an electric future...
International
1970s-style stagflation now playing on central bankers’ minds
By John Hawkins “Stagflation” is an ugly word for an ugly situation – the unpleasant combination of economic stagnation and inflation. The last time the...
Jacobi Asset Management to launch Europe’s first bitcoin ETF on Euronext
Jacobi Asset Management said on Thursday that it would launch Europe’s first bitcoin exchange-traded-fund (ETF) on the Euronext exchange, in a sign of the cryptocurrency’s...
Samsung Elec starts 3-nanometre chip production to lure new foundry customers
Samsung Electronics Co Ltd (005930.KS) said on Thursday it has begun mass producing chips with advanced 3-nanometre technology, the first to do so globally, as...
Political and banking deadlock may plunge Lebanon deeper into crisis
Lebanon’s untamed financial crisis is gathering new menace as it heads into a fourth year, with political paralysis dampening hope of reforms that could unlock...
Safe-haven demand knocks risk-sensitive British sterling
Sterling fell on Friday against the dollar and Swiss franc as renewed fears of a global recession knocked the risk sensitive British currency. After its...
Turkish manufacturing activity contracts for fourth straight month in June
Turkish manufacturing activity contracted for a fourth consecutive month in June as weakening demand prompted companies to curb production, a business survey showed on Friday....
Oil prices fall on recession fears, on track for third weekly loss
Oil prices fell on Friday, extending the previous day’s plunge, as lingering fears of a recession weighed on sentiment, putting the benchmarks on track for...
North Korea may be behind new $100 mln cryptocurrency hack, experts say
North Korean hackers are most likely behind an attack last week that stole as much as $100 million in cryptocurrency from a US company, three...
Markets in H1: The almost perfect storm
Investors knew that, after two years of COVID-19 chaos, 2022 would be a bumpy ride, but nobody expected this – the most turbulent first-half global...
