Facebook ad revenue hurt by Apple privacy changes
Ahead of Facebook Inc’s (FB.O) financial results on Monday, the social media giant is expected to be hurt more than others in big tech by Apple Inc’s (...
Britain to raise minimum wage to 9.50 pounds a hour
Britain will announce a rise in its minimum wage for those aged 23 and over to 9.50 pounds ($13.06) per hour from 8.91 pounds in the government’s budget statement on Wednesday, the finance ...
Turkey’s state banks likely to follow central bank and slash rates
Turkey’s state banks are expected to cut borrowing costs on loans by around 200 basis points on Monday, according to three people with knowledge of the plan, following last week’...
Banking malware on Android increases by almost 50 per cent
The second quarter of the year saw a massive 49 per cent increase in Android banking malware according to Slovak internet security company Eset.
Eset releases a quarterly threat report containing ...
UK’s Sunak says inflation, rates feed into budget thinking
British finance minister Rishi Sunak said on Sunday that the outlook for interest rates and inflation will feed into his thinking ahead of next week’s annual budget.
“Inflation, interest ...
Tesco says online services disrupted by interference ‘attempt’
British supermarket chain Tesco (TSCO.L) said on Sunday that its website and app had been disrupted by an attempt to interfere with its systems.
“Since yesterday, we’ve been ...
China to pilot property tax reforms
The Standing Committee of the National People’s Congress (NPC), China’s top legislature, on Saturday adopted a decision to authorize the State Council to pilot property tax reforms in ...
South Korea’s real-life debt trap
Many small business owners in South Korea recognise themselves in the cash-strapped characters of the wildly popular Netflix (NFLX.O) drama ‘Squid Game’, who vie desperately for a chance to ...
China’s fiscal revenue up 16.3 per cent in first nine months
China’s fiscal revenue logged a year-on-year increase of 16.3 per cent in the first nine months of the year, official data showed Friday.
The country’s fiscal revenue amounted to 16.4 ...
UK plans 8 billion pounds of extra health and education spending
British finance minister Rishi Sunak plans a 5 billion pound ($6.9 billion) programme to fund health research and 3 billion pounds of extra funding for further education in next week’s budget, finance ...
Italy woos Intel over multibillion-euro chip plant
Rome is drawing up an offer to try to convince Intel (INTC.O) to invest billions of euros in an advanced chipmaking plant in Italy, as Germany emerges as frontrunner ...
Green transition deal will be painful for some warns minister
Finance Minister Constantinos Petrides said on Friday that the green transition will not be a painless process, highlighting the financial burdens it will likely incur on some sections of the ...
Sony loses K-pop megaband BTS to Universal
South Korea’s BTS has signed a new distribution and marketing deal with Universal Music Group (UMG.AS), the world’s biggest music label, dropping Sony Music’s (6758.T) Columbia ...
BMW starts producing new electric model, commits to emissions-free transport
German automaker BMW’s (BMWG.DE) first sales-ready battery electric i4 models rolled off production lines at its main plant in Munich on Friday, as the company expands its electric ...
Beyond Meat shares bleed on bleak revenue forecast as retail demand dips
Beyond Meat Inc (BYND.O) on Friday cut its third-quarter revenue forecast, blaming a host of factors including a drop in demand from grocery stores and a labour shortage that ...
UK agrees to end digital services tax after global tax reform
Britain said on Thursday it would phase out its Digital Services Tax on US tech giants such as Google and Facebook once a global reform to corporate taxation takes effect ...
UK public’s inflation expectations rocket to record high
A record proportion of the British public thinks inflation will accelerate over the next 12 months, according to data that could further boost expectations that the Bank of England will raise ...
Cyprus and India see growth potential in renewables, trade and tourism
Cyprus and India reaffirmed the potential for further development and increased cooperation during the ninth Cyprus-India Intergovernmental Meeting on economic, scientific, technical and industrial partnerships held on October 21.
The sectors ...
Dutch forensic lab says it has decoded Tesla’s driving data
The Dutch government’s forensic lab said on Thursday it had decrypted electric carmaker Tesla Inc’s (TSLA.O) closely guarded driving data-storage system, uncovering a wealth of information that ...
Gulf economies to pick up speed next year, with fall in oil prices biggest risk
Economies in the six-member Gulf Cooperation Council will grow faster next year than previously thought, according to a Reuters poll of economists who warned a decline in oil and gas ...
Unilever warns of even higher inflation next year
Unilever (ULVR.L) warned inflation was likely to accelerate next year, keeping the pressure on consumer goods companies as they hike prices to try to offset surging energy and other ...
Barclays third quarter profit doubles amid global merger frenzy
Barclays (BARC.L) reported on Thursday a doubling of third-quarter profits, beating market expectations, as it followed Wall Street rivals in reaping bumper investment banking fees from a surge in ...
UK borrowing down by half as Sunak readies budget
British public borrowing fell by almost half in the first six months of the current financial year from a post-World War Two high a year earlier, when the economy faced ...
UK and New Zealand strike free trade deal
Britain and New Zealand have reached agreement in principle on a free trade deal designed to reduce tariffs, improve services trade, and take London one step closer to membership in ...