International

Turkey’s central bank shocked markets on Thursday by cutting its main interest rate by 100 basis points to 13 per cent, saying it needed to keep driving economic growth despite inflation ...

From $300 bucket hats to $900 sneakers and $700 t-shirts, the high-flying luxury sector is fretting over the appetite among financially stretched Gen Z consumers for such “aspirational” purchases. Executives are troubled in ...

Singapore-based cryptocurrency platform Crypto.com has registered with Britain’s financial services regulator, the company said in a statement on Wednesday. Joining the Financial Conduct Authority’s (FCA) register means ...

Dubai-owned ports giant DP World reported on Thursday a record $721 million first-half profit boosted by elevated shipping rates but said it expected its profit, revenue and container growth rates to ...

The rouble surged to more than two-week highs on Thursday against the dollar and euro and Russian stocks edged higher, helped by stronger oil prices and an upcoming tax period ...

Oil prices were little changed on Thursday as investors grappled with falling stockpiles in the United States, rising output from Russia and worries about a potential global recession. Brent crude ...

The euro zone inflation outlook has failed to improve since a July rate hike, European Central Bank board member Isabel Schnabel said, suggesting she favours another large interest rate increase ...

Australia’s jobless rate dropped to a fresh 48-year low in July even as employment broke a super-strong run with the first fall this year, a mixed report that might ...

The International Monetary Fund (IMF) on Wednesday maintained its economic growth forecast for Saudi Arabia even as concerns persist that the global economy may heading towards a recession. Saudi Arabia’...

Norway’s sovereign wealth fund, the world’s largest, made a record loss of 1.68 trillion Norwegian crowns ($174 billion) in the first half of 2022 as stocks and bonds were hit by ...

Western companies with iconic brands like Coca-Cola that exit Russia face years of battling knockoffs and unauthorized imports clamoring to fill the void they leave behind, a risky bid as ...

China’s EVE Energy Co Ltd (300014.SZ) will supply BMW (BMWG.DE) with large cylindrical batteries for its electric cars in Europe, two people with knowledge of the matter said, ...

Russia’s key crude oil grade, Urals, has been trading at levels not seen in Europe since early March as refiners snap up the last barrels ahead of an European ...

The US Federal Reserve on Tuesday issued additional guidance for banks considering activities involving cryptocurrencies, emphasizing that firms must notify the Fed beforehand and make sure whatever they do is ...

Russian stocks slipped from multi-week highs on Wednesday and the rouble turned lower against the dollar and euro, as falling oil prices outweighed the effect of upcoming tax payments that ...

German utility Uniper, which secured a 15 billion euro state bailout last month, reported a net loss of 12.3 billion euros ($12.5 billion) for the first half, mainly due to lower Russian gas ...

American Airlines Group Inc (AAL.O) on Tuesday agreed to buy up to 20 jets from aircraft maker Boom Supersonic, becoming the second major US airline to bet on ultra-fast passenger ...

Billionaire Elon Musk, the chief executive of electric automaker Tesla Inc (TSLA.O) and rocket company SpaceX, on Tuesday tweeted that he was buying soccer club Manchester United (MANU.N), ...

A sharp rebound in Israel’s economic activity and a jump in annual inflation have made a 0.75-point interest rate increase more likely next week, analysts said on Tuesday. The ...

British consumer price inflation jumped to 10.1 per cent in July, its highest since February 1982, up from an annual rate of 9.4 per cent in June, intensifying the squeeze on households, official ...

Revolut, a British financial technology company (fintech) that specialises in digital banking, this week received approval from the Cyprus Securities and Exchange Commission (CySEC) to offer cryptocurrency and digital asset ...

Alphabet Inc’s (GOOGL.O) Google is combining the eyes and arms of physical robots with the knowledge and conversation skills of virtual chatbots to help its employees fetch soda ...

Losses arising from cryptocurrency hacks jumped nearly 60 per cent in the first seven months of the year to $1.9 billion, propelled by a surge in funds stolen from decentralized finance (DeFi) ...

It looks like ethereum’s mega-upgrade is happening. Finally. After years of delays, the “Merge” seems all but certain to take place in September, with the cryptography underlying the blockchain ...