Egypt private sector shrinks in November after devaluation
Egypt’s non-oil private sector shrank in November at its sharpest rate since the outbreak of the coronavirus pandemic in early 2020, with a weaker currency...
International
OPEC+ keeps steady policy amid weakening economy, Russian oil cap
OPEC+ agreed to stick to its oil output targets at a meeting on Sunday as the oil markets struggle to assess the impact of a...
What European companies are doing as workers face high inflation
Companies across Europe are offering one-off bonuses and renegotiating wages as surging inflation raises food and energy bills for staff over the winter. Here are...
Gemini trying to recover $900 million from crypto lender Genesis
Crypto broker Genesis and its parent company Digital Currency Group (DCG) owe customers of the Winklevoss twins’ crypto exchange Gemini $900 million, the Financial Times...
Crypto meltdown a boon for bankruptcy lawyers
Turmoil in the cryptocurrency industry has rattled major exchanges and sent the value of digital assets tumbling, but at least one group stands to gain:...
Global banks take axe to jobs as cost pressures mount
Banks typically trim jobs towards the end of the year, but 2022 has seen a bigger wave of redundancies and layoffs. Rising cost pressures as...
Huawei to bring connectivity to 120 million people in remote areas
International technology company Huawei has signed a global commitment to join the International Telecommunication Union’s (ITU) Partner2Connect digital alliance, it announced on Thursday. This will...
Has COP27 made a difference?
By Charles Ellinas When it comes to the main objective of COP summits, to stabilize greenhouse gas concentrations ‘at a level that would prevent dangerous...
US Chamber of Commerce warns against draft EU plan to exclude non-EU cloud vendors
The US Chamber of Commerce and 12 other groups on Thursday warned the European Union against adopting rules that could exclude Amazon (AMZN.O), Alphabet (GOOGL.O)...
Crypto companies crash into bankruptcy
Dec 1 (Reuters) – 2022 has been a rough year for the crypto industry. The price of bitcoin has dropped 65 per cent since the...
