Just how bad is Lebanon’s economic meltdown?
The International Monetary Fund (IMF) said on Thursday it had reached a preliminary agreement with Lebanon for a four-year extended fund facility that would only get full approval from the ...
Russia’s central bank says it will stop buying gold at a fixed price
Russia’s central bank said on Thursday that due to a “significant change in market conditions” it would buy gold from commercial banks at a negotiated price from April 8.
On ...
Airport delays will hit aviation recovery, UK regulator warns
Cancelled flights and long queues at British airports caused by a lack of staff due to the coronavirus pandemic will hit confidence and hold back recovery unless the problems are ...
Ukraine conflict hits PC market
The war in Ukraine and the sanctions imposed on Russia have ended seven consecutive quarters of growth in the PC market in Europe, the Middle East and Africa (EMEA), said ...
Lebanon parliament ready to agree legislation, reforms for IMF-backed programme
Lebanon’s parliament is ready “with great seriousness” to secure the necessary legislation and reforms to make a programme supported by the International Monetary Fund (IMF) a success, parliament speaker ...
Airbus, Qatar jetliner feud enters UK court spotlight
Airbus (AIR.PA) and Qatar Airways are set to face each other in court as a dispute over billions of dollars of jets enters a theatrical phase and rattles some ...
How is Japan’s government connected with Russia’s biggest cigarette maker?
Japan’s government has severed banking and trade ties with Russia over Moscow’s invasion of Ukraine, but a tobacco company in which it owns a one-third stake is still ...
Thousands of goods railcars stuck at Ukraine’s border as war hits exports
In western Ukraine, some 1,100 train wagons carrying grain are stuck near the main rail border crossing with Poland, unable to transport their cargo abroad.
They are just some of the 24,190 ...
China state refiners shun new Russian oil trades, teapots fly under radar
China’s state refiners are honouring existing Russian oil contracts but avoiding new ones despite steep discounts, heeding Beijing’s call for caution as western sanctions mount against Russia over ...
Shell raises Russia writedown to as much as $5 billion
Shell (SHEL.L) will write down up to $5 billion following its decision to exit Russia, more than previously disclosed, while soaring oil and gas prices boosted trading activities in the ...
Manure supplies run short as fertilizer prices soar
For nearly two decades, Abe Sandquist has used every marketing tool he can think of to sell the back end of a cow. Poop, after all, needs to go somewhere. ...
Russia edges close to default on debt, pays bondholders in roubles
Russia edged closer to a potential default on its international debt on Wednesday as it paid dollar bondholders in roubles and said it would continue to do so as long ...
Euro slips to month-low as West prepares new Russia sanctions
The euro fell on Wednesday to its lowest level in one month against a strengthening dollar as the prospect of new Western sanctions on Russia added pressure to the European ...
Intel becomes latest Western tech firm to suspend business in Russia
US chipmaker Intel Corp (INTC.O) said on Tuesday it has suspended business operations in Russia, joining a slew of companies to exit the country following its invasion of Ukraine.
...
Russia turns to China for microchips for in-demand domestic bank cards
Russia is turning to microchip manufacturers in China to circumvent western sanctions which have boosted demand for bank cards linked to the Mir payment system, an executive with the domestic ...
Tesla’s Musk may add to SEC ire with late report about Twitter stake
Did Elon Musk break securities laws again?
Former securities officials and professors said Musk may have missed a key disclosure deadline when he bought 9 per cent of Twitter. And Securities ...
NFT bubble gets that shrinking feeling
The NFT bubble isn’t popping, but it may have sprung a leak.
A year on from when a single non-fungible token sold for $69.3 million in crypto at Christie’s ...
Russian auto boomtown grinds to halt over Ukraine sanctions
Thousands of auto workers have been furloughed and food prices are soaring as Western sanctions pummel the small Russian city of Kaluga and its flagship foreign carmakers, with more sanctions ...
Russia-Ukraine fallout starts felling fragile ‘frontier’ economies
The fallout of the Russia and Ukraine war has just helped tip two of world’s poorest countries into full-blown crises, and the list of those at risk – and the ...
US stops Russian bond payments in bid to raise pressure on Moscow
The United States stopped the Russian government on Monday from paying holders of its sovereign debt more than $600 million from reserves held at US banks, in a move meant to ...
UK shoppers turn to own-label food as inflation bites, research shows
British shoppers are increasingly choosing own-label products to help counter surging inflation, according to research by NielsenIQ that showed overall supermarket spending down on a year ago when COVID lockdown ...
Lebanon’s central bank not bankrupt, governor says
Lebanon Central Bank Governor Riad Salameh on Monday denied that the institution he has led for 30 years was bankrupt and said it was still going about its legally-mandated role despite ...
Musk takes 9 per cent stake in Twitter to become top shareholder
Tesla Inc (TSLA.O) top boss Elon Musk revealed a 9.2 per cent stake in Twitter Inc (TWTR.N), worth nearly $3 billion, likely making him the biggest shareholder in the micro-blogging ...
Russia, China woes risk worst EM corporate default wave since financial crash
JPMorgan has warned that the combination of Russia’s war in Ukraine and China’s ongoing property crash could see the worst wave of corporate defaults since the global financial ...