Business

Global airlines battered by COVID-19 seem confident of narrowing their losses and went on the offensive at an industry summit in Qatar, criticising governments and airports over their handling of ...

The world’s biggest gambling hub Macau began its second day of mass COVID-19 testing on Monday after dozens of locally transmitted cases were discovered over the weekend, with most ...

Europe’s biggest Russian gas buyers were racing to find alternative fuel supplies and even looking at burning more coal to cope with reduced gas flows from Russia on Monday ...

The cryptocurrency industry was on edge on Monday morning as investors feared contagion from problems at major crypto players could unleash a major shakeout if not contained. Bitcoin which has ...

China’s crude oil imports from Russia soared 55 per cent from a year earlier to a record level in May, displacing Saudi Arabia as the top supplier, as refiners cashed ...

Oil prices edged lower on Monday, reversing earlier gains, as concerns about slowing global economic growth and fuel demand outweighed worries about tightening supplies. Brent crude futures slipped 3 cents to $113.09 ...

The election of Colombia’s first leftist president, Gustavo Petro, is indicative of widespread yearning for a more equal and inclusive society, analysts and business leaders said, but the former ...

The European Central Bank should limit the rise in borrowing costs of more indebted euro zone members but will not solve their debt issues or let budget concerns dictate monetary ...

BitOasis, a Middle East-focused cryptocurrency exchange based in the United Arab Emirates, said on Sunday it laid off nine of its staff, the latest company in the sector to cut ...

Nigeria is withholding $450 million in revenue international carriers operating in the country have earned, an executive at the world’s largest airlines association said on Sunday. Africa’s largest economy ...

Bitcoin tumbled more than 13 per cent at one point on Saturday, crashing below the closely watched $20,000 level to its weakest level in 18 months, as it extended a slide on investor ...

U.S. Treasury Secretary Janet Yellen said on Sunday some tariffs on China inherited from the administration of former President Donald Trump served “no strategic purpose” and added that President ...

Botched-up policies in the implementation of renewables are not helping Cyprus electricity prices have been escalating since last year and there does not appear to be an end in sight. ...

Qantas Airways QAN.AX and Airbus AIR.PA said on Sunday they would invest up to $200 million to accelerate the development of a sustainable aviation fuels (SAF) industry in Australia ...

Strikes and staff shortages are forcing airlines to cancel thousands of flights and causing hours-long queues at major airports, dashing hopes of a sizzling first summer after COVID lockdowns. Here’...

Goldman Sachs said on Friday it expects annual inflation in Turkey to reach almost 80 per cent before easing to 60 per cent by the end of 2022, thanks to so-called favourable base ...

Electric and hybrid models should make up 80 per cent of Ferrari’s (RACE.MI) sales by 2030, the luxury carmaker told investors on Thursday, vowing to produce “even more unique” cars ...

Hong Kong-based Babel Finance temporarily suspended the withdrawals and redemption of crypto assets on Friday, as the crypto lender scrambles to pay its clients after the recent slump in the ...

By Michalis Sarris The policy response of Governments and Central Banks to the pandemic was massive and unprecedented. In the USA, the Federal Reserve Bank put out $3 trillion in high-powered ...

Liquidity troubles at crypto lending platform Celsius Network, which have left its 1.7 million customers unable to redeem their assets, will increase US regulatory pressure on the sector, which was already ...

BofA Securities economists see roughly a 40 per cent chance of a US recession next year, with inflation remaining persistently high. They expect US Gross Domestic Product growth to slow to ...

Oil prices tumbled about 5 per cent to a three-week low on Friday, led by a slump in US gasoline futures, as investors worried interest rate hikes from major central banks ...

Coordinated or not ahead of this month’s G7 summit, global central banks are accelerating interest rate hikes but also actively draining the giant pool of cash swilling around world ...

Russia’s economy may need a decade to return to the pre-sanctions levels of 2021, the chief executive of the country’s top bank Sberbank SBER.MM said on Friday, as ...