‘Who is our enemy?’ Neutral Switzerland votes on fighter jets
Switzerland, which last fought a foreign war more than 200 years ago and has no discernable enemies, wants to spend billions on new fighter jets....
BusinessPick
Facebook tells Irish court that probe threatens its EU operations – newspaper
Facebook FB.O has told Ireland’s High Court it cannot see how its services could operate in the European Union if regulators freeze its data transfer mechanism, the...
Oil refiners worldwide struggle with weak demand, inventory glut
Global oil refiners reeling from months of lackluster demand and an abundance of inventories are cutting fuel production into the autumn because the recovery in...
UK manufacturers see little sign of ‘V’-shaped recovery
British manufacturers see no evidence of a ‘V’-shaped recovery from the coronavirus pandemic underway and many are planning to slash investment, a business survey showed...
Trump changes his mind about TikTok in the US
U.S. President Donald Trump said on Saturday he supported a deal in principle that would allow TikTok to continue to operate in the United States,...
Turkish central bank to hold key rate, continue backdoor tightening – Reuters poll
Turkey’s central bank is seen keeping its policy rate on hold next week despite the lira hitting record lows, but is expected to drive funding...
Is it worthwhile to trade currencies?
Trading foreign exchange is a seriously risky business, but it can also be seriously lucrative. As one very successful trader once told this writer: “In...
Trump to shut off TikTok, WeChat to new US users on Sunday
The Trump administration will ban WeChat and video-sharing app TikTok from U.S. app stores starting Sunday night, a move that will block Americans from downloading...
UK shoppers spend more online as demand recovers
British shoppers spent more last month, taking sales further above pre-COVID levels, as strong online demand helped much of the sector rebound faster than the...
Cyprus sees prices plunge in August as consumer behaviour changes
Prices of transport, housing, water, gas electricity and other fuels all plunged in August, bringing the index of harmonised inflation down 2.9 per cent from...
Libya’s Haftar says he will lift oil blockade
Eastern Libyan commander Khalifa Haftar said on Friday his forces would let oil production resume after an eight-month blockade and a senior politician in Tripoli...
Ruble steady as Russian central bank holds key rate at 4.25%
Russia’s central bank kept its key interest rate at 4.25 per cent on Friday, putting its monetary easing cycle on hold amid increased risks of...
Ryanair cuts October capacity, blames travel restrictions
Ryanair RYA.I said on Friday it had been forced to cut its capacity in October and that it may have to do the same for the rest...
ByteDance plans TikTok IPO to win U.S. deal as deadline looms: sources
China’s ByteDance is planning a U.S. initial public offering of TikTok Global, the new company that will operate the popular short video app, should its...
Europe fears the rise of the zombie companies
In Europe, in 2019, from 16 to 36 per cent of companies were rated as ‘zombie’ companies. These are companies that have an interest coverage...
EU travel industry steps up quarantine pushback
Leaders of Europe’s coronavirus-stricken travel and tourism industries have appealed to the EU’s chief executive to press governments to end quarantine requirements and instead embrace...
Bank of England sees recovery signs but studies sub-zero rates
The Bank of England said Britain’s economy had performed better than it had expected as recently as last month but its policymakers had been briefed on how the central bank could...
Syria says U.S. sanctions behind acute fuel crisis
Syria is experiencing worsening gasoline shortages as a result of tougher U.S. sanctions disrupting crucial fuel imports, its oil minister said on Wednesday, the latest...
Sony PlayStation 5 to launch in November
Sony Corp said its next-generation PlayStation 5 console would launch in November priced at $499.99 and $399.99 for a version without a disk drive, as...
Pound falls, dollar rises after Fed says US economy improves
The dollar edged up against major currencies on Thursday following the U.S. Federal Reserve’s upbeat assessment of the economic recovery and as its increased tolerance...
