International

Bitcoin is being artificially propped up and should not be legitimised by regulators or financial companies as it is more akin to gambling, the European Central Bank said on Wednesday. ...

The euro retreated against the pound on Wednesday after data showed eurozone inflation cooled off by more than expected in November, reinforcing the case for a slowdown in European Central ...

Egypt posted economic growth at 4.4 per cent in Q1 of the fiscal year 2022/23, a cabinet statement said on Monday. The unemployment rate rose slightly to 7.4 per cent in Q1 against 7.2 ...

British fashion group Superdry (SDRY.L) said it is in negotiations to refinance borrowings of up to 70 million pounds ($85 million) with Bantry Bay Capital as it races to secure new ...

Russia turns to the Chinese currency amid sanctions Moscow becomes No.4 offshore trading centre for yuan Yuan’s share of Russian FX market jumps from 1 per cent to 45 per cent ...

Oil rebounded on Tuesday after falling to more than 11-month lows in the previous session, as investors weighed a potential output adjustment from the major oil producers, who are set ...

Snap Inc (SNAP.N) will require employees to work from its offices 80 per cent of the time, starting from the end of February, the company said on Monday. “After working ...

Paris’ luxury-laden stock exchange is now worth more than London’s. But although size matters, there are other indicators highlighting the UK capital’s popularity with investors. While the UK ...

Microsoft (MSFT.O) is likely to offer remedies to EU antitrust regulators in the coming weeks to stave off formal objections to its $69 billion bid for “Call of Duty” maker ...

Britain’s Rolls-Royce (RR.L) said it has successfully run an aircraft engine on hydrogen, a world aviation first that marks a major step towards proving the gas could be ...

By Jamie McGeever As Wall Street reopens after the Thanksgiving holiday, investors are looking for one final push to ensure 2022 ends up being merely grim rather than the bloodbath most ...

Egypt’s finances remain in a precarious state despite two major currency devaluations this year and a brand new $3 billion International Monetary Fund rescue package, economists say. With debt interest ...

The global smartphone market experienced a pronounced contraction of 9 per cent year-on-year during the third quarter of 2022, something which has been primarily attributed to a dent in demand, according to ...

Thin crowds of inflation-weary consumers hunted for Black Friday deals at stores in big cities including New York, Los Angeles, Chicago and other locales, marking the start of a US ...

Qatar has found itself with an unexpected glut of rooms in the World Cup’s busy group stage, with online portals showing rooms in at least 42 hotels and Airbnb offering ...

British house prices will fall in 2023, putting an end to years of bumper rises, but a large crash was unlikely despite the cost of living crisis and increased borrowing costs ...

Europe’s retailers are hoping Black Friday discount day will get shoppers spending, though it is taking place against a backdrop of a worsening cost-of-living crisis and the distraction of ...

Oil prices rose in Asia on Friday, despite thin market liquidity, after a week marked by worries about Chinese demand and haggling over a Western price cap on Russian oil. ...

Manchester United’s owners, the Glazer family, are considering selling the club as they explore “strategic alternatives”. If the Glazers decided to follow through with the sale of the Old ...

The crash of FTX exchange has injected greater urgency into regulating the crypto sector and targeting such ‘conglomerate’ platforms will be the focus for 2023, the new chair of global securities ...

Ghana’s government is working on a new policy where gold rather than US dollar reserves will be used to buy oil products, Vice-President Mahamudu Bawumia said on Facebook on ...

Nestle (NESN.S) will invest 7 billion Saudi riyals ($1.86 billion) in Saudi Arabia over 10 years, the kingdom’s investment ministry said on Twitter on Wednesday. The ministry added it signed a ...

El Al Israel Airlines (ELAL.TA) reported on Wednesday its second straight quarterly net profit, saying its revenue was almost on pace with pre-COVID pandemic levels. Helped by a $38 million ...

Credit Suisse (CSGN.S) expects a pre-tax loss of up to 1.5 billion Swiss francs ($1.58 billion) in its fourth quarter as it keeps bleeding cash, the Swiss bank said on Wednesday, ...