International

The Swiss National Bank posted an annual loss of 132 billion Swiss francs ($143 billion) in 2022, it said on Monday, the biggest in its 115-year history as falling stock and fixed-income markets ...

Egyptian annual urban consumer inflation in December rose to 21.3 per cent from 18.7 per cent in November, exceeding analyst expectations, data from the statistics agency CAPMAS showed on Tuesday. The inflation ...

Tesla (TSLA.O) has indicated longer waiting times for potential buyers of some versions of the Model Y in China, signalling that price cuts announced on Friday could be stoking ...

Chinese e-commerce giant Alibaba Group Holding Ltd (9988.HK) is planning a logistics hub at Istanbul Airport and a data centre near the Turkish capital Ankara with an investment of more ...

An expected capital increase will help Turkey’s Ziraat Bank to spearhead President Tayyip Erdogan’s drive to boost economic growth and tackle chronic current account deficits this year, the ...

Oil prices climbed more than 2 per cent on Monday as China’s move to reopen its borders boosted the demand outlook and overshadowed global recession concerns. The rally was part ...

Wage growth across the euro zone is expected to be “very strong” over the next few quarters but real wages are still likely to decline given rapid inflation, a European ...

British housebuilders may cut dividends to preserve cash and ride out a property downturn, as high mortgage rates make homes less affordable and economic uncertainty deters buyers. The move by ...

Goldman Sachs Group (GS.N) will start cutting thousands of jobs across the firm from Wednesday, two sources familiar with the move said, as it prepares for a tough economic ...

Britain has become less competitive and less attractive to foreign investors as a result of soaring energy costs and recent political turmoil, manufacturers said in an industry survey released on ...

Four out of ten German companies expect business to shrink in 2023, a survey by the German Economic Institute (IW) showed on Monday, blaming high energy costs, supply chain issues and ...

Birkin bag maker Hermes (HRMS.PA) is opening a new, enlarged store in China’s Nanjing city, signalling the luxury industry’s confidence in a strong return of Chinese shoppers ...

Mercedes Benz (MBGn.DE) expects double-digit sales growth in India this year, despite concerns that a weaker rupee could increase car prices, the head of its local unit said in ...

Workers removed the branding from McDonald’s outlets in Kazakhstan’s biggest city, Almaty on Friday after the fast food giant’s local business appeared to fall victim to collateral ...

The crypto industry’s woes continued on Thursday as plunging deposits, layoffs and a lawsuit added to the tumult of 2022, which was dominated by sinking prices and high-profile bankruptcies. The ...

Farm equipment took the keynote spotlight at the CES technology trade show in Las Vegas, as “human security for all” became the first theme in its 56-year history. In his ...

Tesla (TSLA.O) cut prices in China for the second time in less than three months on Friday, fuelling forecasts of a wider price war amid weaker demand in the ...

British consumer spending over the Christmas period has so far held up better-than-expected, providing some relief to retailers who had feared an escalating cost-of-living crisis would hit the key holiday ...

British construction activity fell last month at its sharpest rate since May 2020, as new orders dried up in the face of rising interest rates and broader cost pressures, a survey ...

Crypto exchange Huobi plans to lay off about 20 per cent of its staff, the company told Reuters on Friday, in the latest instance of cost-cutting in the industry as investor ...

Germany’s Continental (CONG.DE) and California-based artificial intelligence chip firm Ambarella (AMBA.O) announced a partnership on Thursday to make software and hardware systems for autonomous driving. The two ...

China’s decision to end a more than decade-long subsidy for electric vehicle purchases has forced automakers, including Tesla (TSLA.O), to deepen discounts to maintain sales as demand eases ...

When Sony Corp Group (6758.T) teases “Gran Turismo,” its long-awaited adrenaline-fueled film adaptation of Sony PlayStation’s hit car-racing franchise at the CES 2023 technology trade show this week, it will ...

Silvergate Capital Corp (SI.N) reported a sharp drop in fourth-quarter crypto-related deposits on Thursday and said it would cut its workforce by 40 per cent, or about 200 employees, as withdrawals ...