International

El Al Israel Airlines has reported a nearly five-fold jump in net profit in 2024, benefiting from being one of very few carriers serving Tel Aviv after foreign airlines halted flights ...

Spain’s government has approved a bill imposing massive fines on companies that use content generated by artificial intelligence (AI) without properly labelling it as such, in a bid to ...

Credit rating agency Moody’s has upgraded Greece to investment grade, raising its credit rating to Baa3 with a stable outlook from Ba1 with a positive outlook. “The upgrade reflects ...

Eurozone finance ministers are worried that the change of policy under the new US administration to embrace cryptocurrencies could affect eurozone monetary sovereignty and financial stability, top officials said this ...

British consumer spending lost momentum last month after a bounce at the start of the year, despite households’ rising confidence in their personal finances and the broader economy, surveys of ...

IBM (IBM.N) has won a London lawsuit against US tech entrepreneur and philanthropist John Moores’ company LzLabs, which the IT giant accused of stealing trade secrets. IBM sued Switzerland-based ...

The Women’s International Shipping and Trading Association (WISTA) is set to host its mid-term meeting in India. Scheduled for April 9, 2025, in Mumbai, the meeting is part of the International ...

Global passenger demand experienced a robust increase in January, according to the International Air Transport Association (IATA). Total demand, measured in revenue passenger kilometres (RPK), rose by 10 per cent compared ...

Turkey expects to spend an additional 50.4 billion lira ($1.38 billion) on higher retirees’ allowances and maternity benefits this year, an impact analysis report showed on Thursday. A bill submitted to a ...

Spotify (SPOT.N) has announced that it paid $10 billion in royalties in 2024, the largest payout to the music industry in a single year. Nearly 1,500 artists earned over $1 million in royalties ...

Cooler inflation could allow Federal Reserve policymakers to resume interest-rate cuts later this year, with traders betting on three quarter-point reductions in the policy rate by the end of 2025, starting ...

DP World, a Dubai-owned ports and logistics company, reported a 28 per cent fall in annual profit on Thursday, partly due to higher finance costs, and highlighted that global trade uncertainties ...

Ukraine may import large volumes of US gas this year via terminals in Germany, Greece, Lithuania and Poland, its state gas operator said, as Kyiv struggles with the impact of ...

Makers of goods from sportswear to luxury cars and chemicals painted a gloomy picture on Wednesday of consumer and industrial health, adding to concerns about the damage from US President ...

Investors are wary about worrisome market signs, after a steep US stocks selloff that has wiped out more than $4 trillion in value and all of the gains notched following President ...

Britain’s payments regulator will be abolished and its remit absorbed by another financial regulator, the government said this week, as it aims to cut red tape in favour of ...

Zara owner Inditex (ITX.MC) this week reported a slower start to its first quarter starting February 1, raising questions around its ability to keep building on rapid recent growth and ...

The Bank of England (BoE) said on Wednesday it appointed Sarah John, the central bank’s current Chief Cashier, as its new Chief Operating Officer. John will be replaced by ...

The euro zone economy is facing exceptional shocks from trade, defence and climate issues, possibly amplifying inflation volatility and raising the risk that price growth becomes more persistent, ECB President ...

There is about a 40 per cent chance of a US recession this year and a risk of lasting damage to the country’s standing as an investment destination if the ...

Five years after the World Health Organization first described the COVID-19 coronavirus outbreak as a pandemic, its effects are still being felt on the global economy. Covid-19 and efforts to ...

The Bank of England said it allotted 2.127 billion pounds ($2.75 billion) of six-month funds to banks at an indexed long-term repo operation on Tuesday, the most since April 2020 during the early ...

Deutsche Bank (DBKGn.DE) has raised the parental leave entitlement in its Middle East and Africa regional offices in a bid to offer attractive benefits to employees in an increasingly ...

Aegean Airlines on Tuesday reported a strong start to 2025, carrying 1.9 million passengers in the first two months of the year, marking a 9 per cent increase compared to the same period ...