Oil shipments in European oil hub delayed after cyber attacks
Tanker and barge shipments in and out of Europe’s biggest oil hub have been delayed by up to a week as four storage companies scramble to resume operations after ...
Amazon surges with record $190 billion gain in value
A day after Facebook owner Meta Platforms (FB.O) suffered the deepest loss of stock market value in history for a U.S. company, Amazon logged the greatest ever one-day ...
Non-fungible tokens (NFTs): the next chapter in crypto
By Maria Demertzis
Non-fungible tokens, or NFTs, are the next hype in the crypto world. According to Collins Dictionary ‘NFT’ was the 2021 word of the year.
But what are they ...
From Kisses to Kleenex, consumer-product makers plot price hikes
From Hershey to Clorox (CLX.N) and Kleenex maker Kimberly-Clark (KMB.N), major consumer-products companies have announced plans to boost US prices further or more broadly than previously proposed this ...
Euro climbs after ECB’s ‘ground-breaking’ hawkish turn
The euro was on track on Friday for its best week versus the dollar since the COVID-19 pandemic hit, after a hawkish turn by the European Central Bank (ECB) sent ...
Chasing sky-high valuations, Dubai bankers switch to tech sector
Faced with deal fees in the Gulf region a fraction of those in markets elsewhere, many Dubai bankers are handing in their notices, attracted by the lure of cashing out, ...
Gatwick-owner Vinci sees 2022 profit surpassing pre-pandemic levels
France’s Vinci expects net income this year to exceed its pre-pandemic level in 2019, helped by a recovery in its airports arm that should bring those earnings close to breakeven.
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Eurozone firms see wages rising by 3 per cent or more, ECB says
Eurozone companies expect wages to rise by 3 per cent or more this year as workers demand to be compensated for inflation and it becomes more difficult to find staff such ...
Britain scrambles $12 billion to soften 54 per cent household energy price blow
Energy prices for millions of Britons will soar from April after a 54 per cent hike to the regulatory price cap, forcing the government to stump up 9 billion pounds ($12 billion) of ...
Meta’s miss creates Big Tech divide: who’s got the data
Uh oh. Big Tech was cut in two on Wednesday, divided between companies that have great data and those that don’t, after Facebook owner Meta Platforms Inc (FB.O) ...
Bank of England hikes rates in clamour to contain spiralling inflation
The Bank of England raised interest rates to 0.5 per cent on Thursday and nearly half of its policymakers wanted a bigger increase to contain rampant price pressures, as the central ...
Turkish central bank begins distributing 2021 profits to shareholders
Turkey’s central bank said on Thursday it had decided to pay advance dividends from its 2021 accounting period and distribute its reserve fund from 2020 profits to shareholders, including the Treasury.
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Lebanon’s savers to bear burden under new rescue plan
Two years into an economic meltdown the World Bank says is one of the worst recorded, Lebanon’s rulers have proposed a way to plug a huge hole in the ...
Greek tech fund PJ Catalyst sells Pollfish unit to US-based Prodege
Greek technology fund PJ Tech Catalyst, backed by Piraeus Bank (BOPr.AT) and the European Investment Fund, has agreed to sell its market research unit Pollfish to U.S.-based ...
European shares rise as investor sentiment steadies
Shares rose in Europe on Wednesday as investor sentiment continued to steady after a rout last month, but the advance was capped by concerns over how fast central banks will ...
Sony lifts forecast as ‘Spider-Man’ propels quarterly profit
Japan’s Sony Group Corp (6758.T) raised its full-year profit forecast by 15 per cent on Wednesday after posting estimate-smashing quarterly earnings, propelled by the success of “Spider-Man: No Way Home” ...
How to invest for inflationary times
Low inflation had spoiled US investors for so long that last year’s sudden surge came as a shock.
As those who lived through the late 1970s and early 1980s ...
Amazon to create 1,500 apprenticeships in UK in 2022
Amazon will create 1,500 new apprenticeships in the United Kingdom in 2022, it said on Wednesday.
The internet giant said it was offering 40 entry to degree-level apprenticeship schemes, including new schemes in ...
Bitcoin squeezes smaller rivals to its crown
Bitcoin is beginning to reassert its dominance over challengers to its cryptocurrency crown.
The original digital coin was assailed by thousands of new “altcoin” competitors in 2021 – from Solana and Polkadot ...
AT&T to spin off WarnerMedia in $43 billion Discovery merger, cuts dividend
AT&T Inc (T.N) said on Tuesday it will spin off WarnerMedia in a $43 billion transaction to merge its media properties with Discovery Inc (DISCA.O) and also ...
FTC to review Microsoft’s $68.7 billion deal for Activision
The US antitrust review of Microsoft Corp’s (MSFT.O) $68.7 billion proposed acquisition of “Call of Duty” maker Activision Blizzard Inc (ATVI.O) will be handled by the Federal Trade ...
Major tech startup programme comes to Cyprus
The European Startup Universe, the biggest project for EU tech startups, is coming to Cyprus, the non-profit organisation announced earlier this month.
The programme, which is scheduled to start on ...
Inflation stations: Five questions for the ECB
Record euro area inflation rates mean price pressures will top the agenda for European Central Bank policymakers meeting on Thursday.
No immediate policy action is expected since the ECB in ...
Facebook owner Meta to lift veil off its metaverse business
Since October, Facebook has renamed the company, articulated a vision of the internet where people can digitally connect through virtual-reality avatars or teleport to see places like ancient Rome, and ...