International

By Maria Demertzis Brussels has entered pre-election mode, and over the next few months, there will be a lot of talk about the priorities and objectives the new EU leadership ...

The launch of US exchange-traded funds (ETFs) tracking bitcoin deepens ties between the volatile world of cryptocurrencies and the traditional financial system, potentially creating unforeseen new risks, some experts say. ...

Japan’s industry ministry said on Tuesday it will offer around 45.2 billion yen ($307 million) in subsidies in an initiative to develop optical technology for use in chips to help boost ...

Elon Musk suffered one of the biggest legal losses in US history this week when the Tesla CEO was stripped of his $56 billion pay package in a case brought by ...

Ryanair (RYA.I) flights were emptier in January than the same month a year ago after a number of online travel agents (OTAs) stopped selling its flights in early December, ...

Eurozone inflation eased as expected last month but underlying price pressures fell less than forecast, likely boosting the European Central Bank’s argument that rate cuts should not be rushed, ...

Technology giant Google (GOOGL.O) has signed its largest ever power purchase agreement (PPA) with offshore wind projects off the coast of the Netherlands as part of efforts to green ...

Deutsche Bank (DBKGn.DE) said on Thursday it would cut 3,500 jobs, buy back shares and pay dividends, in its latest pitch to investors that its turnaround remains on track. The ...

The downturn in Germany’s manufacturing sector, which accounts for about a fifth of the country’s economy, eased in January, a survey showed on Thursday. The HCOB final Purchasing ...

A financial product that enables banks to shed risk from loan portfolios is gaining more popularity among lenders in the United States, with investors and lawyers devising new structures to ...

The euro hit a seven-week low on Thursday as the dollar rose after Federal Reserve Chair Jerome Powell pushed back against bets of a US rate cut as soon as ...

Starbucks (SBUX.O) cut its annual sales forecast on Tuesday as the Israel-Hamas war hurt its Middle East business, while warning that softer demand in January and slow recovery in ...

H&M’s (HMb.ST) CEO unexpectedly quit on Wednesday and company veteran Daniel Ervér took over with immediate effect, as the Swedish fashion retailer struggles to boost ...

Media entrepreneur Byron Allen has submitted a $30 billion offer for Paramount Global (PARA.O), including debt and equity, Allen Media Group said in an emailed statement to Reuters on Tuesday. ...

A Delaware judge tossed out Elon Musk’s record-breaking $56 billion Tesla (TSLA.O) pay package on Tuesday, calling the compensation granted by the EV maker’s board “an unfathomable sum” ...

Saudi Arabia’s real gross domestic product (GDP) shrunk 3.7 per cent in the fourth quarter, government data showed on Wednesday, marking a second consecutive quarter of contraction, as a decline ...

Universal Music Group (UMG) (UMG.AS) will cease licensing its content to TikTok and TikTok Music services, as the music label said on Tuesday that its agreement with the social ...

Eurozone governments sold a record amount of bonds directly to investors in January, seeing the highest demand ever, as hopes grow for interest rate cuts to support a weakening economy. ...

The International Air Transport Association (IATA) has reported encouraging data for November 2023, signalling a robust recovery in the air travel sector, with demand surpassing 99 per cent of 2019 levels. Total air ...

HSBC (HSBA.L) has been fined 57.4 million pounds for “serious failings” in protecting up to 112 billion pounds ($142 billion)of deposits over several years, in the first penalty of its kind ...

United Parcel Service (UPS.N) is to cut 12,000 jobs and explore strategic options for Coyote, its truckload freight brokerage business, after the company forecast full-year revenue below estimates. Shares in ...

The International Monetary Fund on Tuesday edged its forecast for global economic growth higher, upgrading the outlook for both the United States and China – the world’s two largest economies – ...

Goldman Sachs lowered its 2024 earnings growth forecast for European STOXX 600 (.STOXX) companies to 3 per cent from 7 per cent, citing headwinds from lower oil prices and inflation. Oil prices gained last ...

The British public’s expectations for inflation, especially in the short term, have fallen, according to a survey that will feed into this week’s debate at the Bank of ...