International

Canada’s Alimentation Couche-Tard has dropped its €16.2 billion ($19.6 billion) bid to acquire European retailer Carrefour SA after the takeover plan ran into stiff opposition from the French government, two sources ...

Facebook Inc’s WhatsApp is delaying an update aimed at increasing business transactions on the platform after a storm of concern from users who feared that the messaging platform was ...

By George Eid and Andrew Rosenbaum Lebanese banks in Cyprus, like all Lebanese banks, are facing intense pressure from the Lebanon central bank (Banque du Liban) to raise capital. At ...

President Recep Tayyip Erdoğan on Friday said that he was against raising interest rates, and that rates should be cut to slow inflation. Erdoğan said he was against ...

Britain’s economy shrank in November for the first time since the initial COVID-19 lockdown last spring, hit by a tightening of social-distancing rules. “A third lockdown means that a ...

French carmaker Renault pledged to slim down and focus more on technology as its new CEO laid out plans to revive a business hammered by management turmoil and the Covid-19 ...

Microsoft Corp, health insurer Cigna Corp and the Mayo Clinic are part of a coalition pushing for digital records of people who get vaccinated against Covid-19. A key aim of ...

Airbnb Chief Executive Officer Brian Chesky on Thursday predicted travel would permanently change due to the pandemic with people seeking out thousands of smaller cities and spending more time visiting ...

US President-elect Joe Biden’s proposal to pour $1.9 trillion into a hobbled economy could lay the foundation for a surge in jobs and spending that many economists say is needed ...

DarkMarket, the world’s largest illegal sales point for drugs and other illegal merchandise on the dark web, has been taken offline in an international operation involving Germany, Australia, Denmark, ...

Synairgen, a treatment that reduces hospital time for Covid-19 patients, is showing promise in Phase III trials which started up on Tuesday. The Southampton-headquartered company Synairgen is engaged in a 610...

As there was almost nothing in the Brexit agreement on rules for UK financial services firms to operate in the European Union, UK traders are effectively cut off from operating ...

Wizz Air sold €500 million in three-year bonds at an interest rate of just 1.35 per cent on Wednesday. The sale was oversubscribed with more than €2 billion in orders from investors. Wizz ...

Accusations against “bilateral contracts,” or side deals for vaccines made by the European Commission are false, a European Commission representative said on Tuesday. There are no contracts between individual EU ...

One U.S. Federal Reserve official says there is now a “clearer focus” about the economy’s path forward and a horizon for a fuller recovery. Another says the pandemic’...

Turkish banks’ asset quality is likely to weaken in 2021, with inflation high and a continuing dearth of foreign investment, Fitch Ratings says in a recent report. Borrowers’ debt-servicing capacity will ...

Jet2 on Tuesday announced in a statement that all flights and holidays would be suspended until March 25 of this year. “Due to the ongoing uncertainty and travel restrictions caused by ...

After years of intervening to dampen the Swiss franc’s exchange rate against the euro, Switzerland’s authorities may be embarking on another, potentially tougher battle as dollar weakness starts ...

Social media sites and online services are blocking access to firms that supported those involved in the attack on the US Capitol last week. PayPal Holdings Inc said on Monday ...

Negative interest rates could provide significant stimulus, a Bank of England official said on Monday; a move to negative rates is now expected by early February. UK Chancellor of the ...

Conditions in the Cyprus economy inched a bit higher in December, according to the Cyprus Composite Leading Economic Index which is designed to provide early-warning signals of economic changes. But ...

British airline easyJet has boosted its liquidity through a new five-year loan facility of $1.87 billion, backed by a partial guarantee from Britain, helping to ease concerns about its finances as ...

Credit rating agency Moody’s on Monday warned that Cyprus faces the danger of ‘fiscal deterioration in a note released on Monday. In a scenario where the recovery stalls or ...

Bahrain will open its airspace to Qatar as of January 11, the country’s civil aviation affairs authority said on Sunday, following a US-backed deal by Arab states last week to ...