Rising risk of more capital controls in Turkey – S&P Global
There is a rising risk that Turkey brings in additional capital controls if the pressure on its currency and financial markets continues to intensify, credit rating firm S&P ...
Half of young Cypriots buy fake goods
Approximately half of young Cypriots purchase fake products or access pirated digital content, according to a report by the European Union Intellectual Property Office (EUIPO) released on Wednesday.
The 2022 edition ...
Russia’s Aeroflot plans $3 billion cash injection, said to eye big jet order
Under heavy pressure from Western sanctions and airspace bans, Russian state flagship airline Aeroflot (AFLT.MM) plans to raise up to 185.2 billion roubles ($3 billion) in an emergency share issue, it ...
US senators unveil bill to regulate cryptocurrency
A bipartisan pair of US senators unveiled a bill on Tuesday that would establish new rules for cryptocurrency, and hand the bulk of their oversight to the Commodity Futures Trading ...
Zara-owner Inditex’s quarterly profit jumps 80 per cent on post-COVID wardrobe renewal
Fashion giant Zara’s owner Inditex (ITX.MC) reported on Wednesday its quarterly profit jumped 80 per cent on the back of soaring sales as consumers stuck at home during the ...
Qatar picks Exxon, Total, Shell, Conoco for mega-LNG expansion
Qatar has picked Exxon Mobil Corp , TotalEnergies SE (TTEF.PA), Royal Dutch Shell (SHEL.L) and ConocoPhillips (COP.N) as partners in the expansion of the world’s largest liquefied ...
Russia hikes oil exports from major Eastern port to help offset EU ban
Russia is ramping up oil exports from its major eastern port of Kozmino by about a fifth, aiming to meet surging demand from Asian buyers and offset the impact of ...
Turkey’s lira slides against dollar, down 23 per cent so far this year
The Turkish lira dropped 2 per cent against the dollar on Wednesday, bringing its losses to 23 per cent this year, after worries about a surge in inflation were fuelled by President ...
Shipping industry calls EU fuel proposal ‘unambitious’
Major stakeholders from the European shipping industry have voiced their opposition to the European Union’s recent proposal on the use and regulation of maritime fuel.
“The European Community Shipowners’ ...
NY bill aims to limit crypto miners using fossil fuel-generated power
The New York State Legislature has passed a bill that would impose a two-year moratorium on the use of fossil-fuel power plants to provide energy to miners of cryptocurrencies like ...
Britain makes crypto technology a priority for streamlining markets
Britain will begin live testing of crypto blockchain technology for traditional market activities such as trading and settlement of stocks and bonds next year as part of a drive to ...
Cryptoverse: The early birds betting bitcoin’s bottoming out
As the crypto winter creeps into June, the first signs of a thaw are emerging.
Some investors are now betting that bitcoin is bottoming out, judging by the money heading ...
EU agrees single mobile charging port in blow to Apple
Apple (AAPL.O) will have to change the connector on iPhones sold in Europe by 2024 after EU countries and lawmakers agreed on Tuesday to a single mobile charging port for ...
Israel-Lebanon sea boundary row obstructs energy development
A dispute between Israel and Lebanon over their maritime boundary has obstructed energy exploration in the eastern Mediterranean and risks exacerbating tensions between the two foes.
After months of deadlock ...
Oil prices inch higher on relaxed China COVID curbs, tight supplies
Oil prices edged higher on Tuesday on an expected demand recovery in China as the world’s second-biggest economy relaxes tough COVID-19 curbs, and on doubts that a higher output ...
Erdogan promises more rate cuts, plays down inflation in Turkey
Turkey will continue cutting interest rates rather than hiking them in the face of high living costs, President Tayyip Erdogan said on Monday, playing down inflation of more than 70 per ...
International tourist arrivals soar after restrictions lifted
International tourism enjoyed a 182 per cent year-on-year boost between January and March of this year, according to the World Tourism Organisation’s (WTO) world tourism barometer, which was released earlier ...
How crypto giant Binance became a hub for hackers, fraudsters and drug traffickers
For five years, the world’s largest cryptocurrency exchange Binance served as a conduit for the laundering of at least $2.35 billion in illicit funds, a Reuters investigation has found.
By ...
Confronting the inflation beast: Five questions for the ECB
The European Central Bank looks all but certain to announce on Thursday that its years of bond-buying stimulus are over and that high inflation means interest rate rises are imminent.
...
Barclays raises Brent forecasts on Russia oil sanctions
Barclays on Monday raised its Brent crude price forecasts by $11 per barrel for 2022 and $23 for 2023, citing a larger and sustained disruption in Russian supply following sanctions by the European Union.
...
Turkish lira slips again; Nebati says rates to stay put
Turkey’s lira slid to beyond 16.55 against the dollar on Monday, bringing its losses to more than 20 per cent this year, due to concerns about a surge in inflation to ...
Russian firm sues to regain access to Australian aluminium refinery
Russian aluminium producer Rusal (RUAL.MM) has filed a lawsuit against global miner Rio Tinto (RIO.AX), seeking to win back access to its 20 per cent share of the alumina ...
Regulating crypto assets would protect ‘the rest of us’: Fed’s Waller
Better regulation of the fast-growing world of crypto assets is needed not to keep rich people from losing money but for the sake of everyone else, Federal Reserve Governor Christopher ...
Elon Musk backtracks on job cuts, says Tesla salaried staff to be ‘fairly flat’
Tesla Inc (TSLA.O) Chief Executive Elon Musk said on Saturday that the electric vehicle maker’s total headcount will increase over the next 12 months, but the number of salaried ...