International

Lucid Group (LCID.O) on Wednesday halved its production forecast for electric vehicles, blaming extraordinary supply chain and logistics challenges, sending its shares down 10 per cent after the bell. The ...

Oil prices rose on Thursday as supply concerns triggered a rebound from multi-month lows plumbed in the previous session after US data signalled weak fuel demand. Brent crude futures rose 10 ...

Adidas (ADSGn.DE) on Thursday said operating profit fell by 28 per cent in the second quarter to 392 million euros ($398.43 million), as results suffered from suspending business in Russia, higher supply ...

The net profit of Turkey’s banking sector leapt 400 per cent from a year earlier to 169.15 billion lira ($9.42 billion) in the first half of the year, the BDDK banking watchdog ...

Germany’s Lufthansa (LHAG.DE) said on Thursday it would offer only around 80 per cent of pre-crisis passenger capacity in the third quarter, less than previously planned, amid staffing shortages ...

British airline easyJet posted a group headline loss of £114 million during the third quarter of 2022, according to its most recent trading update. The above figure includes a £133 million cost impact ...

The European Union’s securities watchdog has begun preparations for increased scrutiny of crypto transactions after the bloc agreed groundbreaking rules to regulate what it called a “Wild West” sector, ...

Shipping group Maersk (MAERSKb.CO) said it expects weaker 2022 global container demand growth on Wednesday, after moving fewer containers by sea in the second quarter due to worsening consumer confidence ...

Russia’s services sector expanded in July at its fastest pace in more than a year, a business survey showed on Wednesday, as strong domestic demand outweighed slumping export orders ...

The value of German exports jumped by 4.5 per cent in June to hit a record level, though economists cautioned that much of the increase was likely due to soaring prices. ...

Saudi Arabia has set up an agency to promote investment in the country, a key goal of an ambitious economic reform agenda, the investment minister and state media said on ...

Turkish inflation rose to a fresh 24-year high of 79.6 per cent in July, data showed on Wednesday as the lira’s continued weakness and global energy and commodity costs pushed ...

The number of companies filing for voluntary liquidations in England and Wales hit a record high in the second quarter of this year as businesses struggled without the support available ...

Turkey’s central bank governor dismissed criticism of recent loan regulations from a second business group on Tuesday, arguing the measures create favourable financial conditions for exporters. Companies have been ...

Uber Technologies Inc (UBER.N) on Tuesday reported positive quarterly cash flow for the first time ever and forecast third-quarter operating profit above estimates, betting on steady demand for its ...

Russian retailer X5 Group (FIVEDR.MM) is stepping up an investment drive with plans to buy controlling stakes in two Siberian companies, open hundreds of new stores of its discount ...

US crypto firm Nomad has been hit by a $190 million theft, blockchain researchers said on Tuesday, the latest such heist to hit the digital asset sector this year. Nomad said ...

It’s been a good month for bitcoin – and we haven’t said that for a while. After months of freefall, it jumped more than 17 per cent in July, its ...

A major affiliate of Japan’s Toyota Motor Corp (7203.T) falsified emissions data on some engines going back to at least 2003, more than a decade earlier than previously indicated, a ...

BP’s (BP.L) second quarter profit soared to $8.45 billion, its highest in 14 years, as strong refining margins and trading prompted it to boost its dividend and spending on new ...

Oil prices dropped again on Tuesday as investors absorbed a bleak outlook for fuel demand with data pointing to a global manufacturing downturn just as major crude producers meet this ...

The Securities and Exchange Commission said on Monday it charged 11 people for their roles in creating and promoting a fraudulent crypto pyramid and Ponzi scheme that raised over $300 million from ...

Shares of Taiwan chipmaker TSMC (2330.TW) fell as much as 2.98 per cent on Tuesday, as investors closely watch a possible trip to Taiwan by US House of Representatives Speaker Nancy ...

Apple Inc is dropping its mask mandate for corporate employees at most locations, the Verge reported on Monday, citing an internal memo. This comes even as COVID-19 infections in the ...