ECB’s Lagarde: climate change has clear impact on inflation
The European Central Bank needs to take climate change into account when making decisions as it has a clear impact, especially on inflation, the chief of the European Central Bank ...
Sony hikes PS5 price on rising interest rates
Sony Group Corp (6758.T) said on Thursday it was hiking the price of its PlayStation 5 games console in markets including Europe, Japan and Britain following economic pressures including rising interest ...
NFTs worth $100 million stolen in past year, Elliptic says
Thieves stole over $100 million worth of non-fungible tokens in the year to July, blockchain research firm Elliptic said on Wednesday, as the fast-emerging digital asset became a new front in ...
Fintech’s next big down round may have an upside
Financial technology startups are facing lean times. Klarna set the tone last month by raising cash at an 85 per cent discount to its previous funding round. The Swedish buy-now-pay-later group ...
European recovery set to stall, outlook cautious
A recent recovery in European shares looks set to stall and not reclaim end-2021 levels for well over a year, capped by fears of an energy supply crunch, slowing growth ...
ECB’s Rehn sees several benefits to possible digital euro
A possible digital euro currency, which the European Central Bank is studying, could have several benefits such as facilitating cross-border payments and providing a digital monetary anchor, Finnish ECB policymaker ...
‘New shock’ for European markets as gas price spike fuels inflation fears
Another dramatic spike in natural gas prices appears to have ended any hopes that Europe’s inflation battle is set to ease, with financial markets now bracing for higher prices, ...
Oil steady as fears of imminent OPEC+ output cut fade
Oil prices were little changed on Wednesday as the market grappled with supply concerns amid the sanctioning of Russian shipments and the initial shock of comments that major producers would ...
Russian stocks to pare some heavy losses by year-end
Russia’s stock market will pare some of its heavy 2022 losses by the end of the year, according to a Reuters poll of ten market experts, having fallen sharply after ...
Egypt directly buys 240,000 tonnes of Russian wheat
Egypt’s state grains buyer directly purchased 240,000 tonnes of Russian wheat on Monday, the supply ministry said in a statement to Reuters, continuing its recent trend of buying without issuing ...
AstraZeneca on hunt for deals, but may not stay in vaccines
AstraZeneca may not stay in the vaccine business in the long run and is looking to buy small and mid-sized companies specialising in oncology and cardiovascular treatments, Chief Executive Pascal ...
Cryptoverse: A mixer with your crypto cocktail?
The DeFi dream is shaken. And stirred.
The grand crypto project has declined in 2022: total user funds deposited in decentralized finance has shrunk to about $61 billion from over $170 billion at ...
Apple plans to cut iPhone 14 production lag between China, India
Apple Inc (AAPL.O) plans to start making the iPhone 14 in India about two months after its release out of China, in a move that will narrow the gap from ...
As Ukraine war drags on, Europe’s economy succumbs to crisis
It was meant to be Europe’s stellar year.
A post-pandemic spending euphoria, supported by copious government spending was set to drive the economy and help fatigued households regain a ...
Meme stocks fall with AMC, Bed Bath in red
A clutch of stocks favored by retail traders tumbled on Monday in volatile trading as news that UK-based Cineworld (CINE.L) warned of a possible bankruptcy sent AMC Entertainment Holdings’ ...
Erdogan’s plan to manage Turkey’s economic crisis gets summer reprieve
A windfall of foreign funds arriving in Turkey and sustained interest in a state-backed deposit scheme have brought some relief for President Tayyip Erdogan’s economic plan less than a ...
Zoom cuts annual forecast as revenue growth hits record low
Zoom Video Communications Inc (ZM.O) on Monday cut its annual profit and revenue forecasts as demand for the video-conferencing platform cools off from pandemic highs amid stiff competition from ...
Oil climbs as Saudi Arabia warns of OPEC output cuts
Oil rose on Tuesday as renewed concerns over tight supply dominated market sentiment after Saudi Arabia warned that the major oil producer could cut output to correct a recent oil ...
Bank of Israel makes strongest rate hike in 20 years to cool inflation
The Bank of Israel raised its benchmark interest rate on Monday (ILINR=ECI) by three-quarters of a percentage point, its biggest hike in two decades, and appeared on track for ...
Turkey tourist arrivals rise sharply
Turkey’s foreign visitors jumped 53 per cent in July from a year earlier, exceeding pre-pandemic levels and paving the way for $37 billion in tourism revenues sought by the government in ...
Big banks expected to rack up more than $1 billion in fines for WhatsApp use
Banking giants such as JPMorgan Chase & Co (JPM.N) and Bank of America (BAC.N) collectively face more than $1 billion in regulatory fines for employees’ use of unapproved messaging ...
Australia embarks on crypto stock-taking ahead of sector regulation
Australia said on Monday it would do a virtual stocktake of the country’s cryptocurrency holdings, the first signal from the new centre-left government that it plans to regulate the $1 ...
Cineworld mulls filing for bankruptcy in the United States
Britain’s Cineworld (CINE.L) said on Monday it was considering options including a possible bankruptcy filing in the United States as the world’s second-largest cinema chain operator struggles ...
Euro back below parity vs dollar again, gas crisis weighs
The euro briefly fell back below parity against a robust dollar on Monday and was languishing at five-week lows, weighed down by concern that a three-day halt to European gas ...