#BusinessPick

Russian stocks slipped from multi-week highs on Wednesday and the rouble turned lower against the dollar and euro, as falling oil prices outweighed the effect of upcoming tax payments that ...

German utility Uniper, which secured a 15 billion euro state bailout last month, reported a net loss of 12.3 billion euros ($12.5 billion) for the first half, mainly due to lower Russian gas ...

Billionaire Elon Musk, the chief executive of electric automaker Tesla Inc (TSLA.O) and rocket company SpaceX, on Tuesday tweeted that he was buying soccer club Manchester United (MANU.N), ...

A sharp rebound in Israel’s economic activity and a jump in annual inflation have made a 0.75-point interest rate increase more likely next week, analysts said on Tuesday. The ...

British consumer price inflation jumped to 10.1 per cent in July, its highest since February 1982, up from an annual rate of 9.4 per cent in June, intensifying the squeeze on households, official ...

Alphabet Inc’s (GOOGL.O) Google is combining the eyes and arms of physical robots with the knowledge and conversation skills of virtual chatbots to help its employees fetch soda ...

Losses arising from cryptocurrency hacks jumped nearly 60 per cent in the first seven months of the year to $1.9 billion, propelled by a surge in funds stolen from decentralized finance (DeFi) ...

There was a €24.6 billion international trade deficit in the euro area in June 2022, according to a report released on Tuesday by the European Union’s statistical office (Eurostat). In addition, ...

It looks like ethereum’s mega-upgrade is happening. Finally. After years of delays, the “Merge” seems all but certain to take place in September, with the cryptography underlying the blockchain ...

The European Union is working to boost its presence in the Pacific through economic ties and new security commitments as geostrategic competition in the region intensifies, the bloc’s ambassador ...

Chinese internet giant Tencent Holdings’ (0700.HK) non-fungible token (NFT) platform Huanhe will no longer release digital collectibles to the public, it said on Tuesday, as regulatory scrutiny of NFTs mounts ...

The board of Dubai’s Emaar Properties (EMAR.DU), which owns the Dubai Mall, will meet on Thursday to discuss the sale of its e-commerce fashion business, the company said ...

Hedge fund Third Point on Monday disclosed a stake of roughly $1 billion in Walt Disney Co (DIS.N) and said it plans to push the media company to make a ...

Several major Wall Street banks have begun offering to facilitate trades in Russian debt in recent days, according to bank documents seen by Reuters, giving investors another chance to dispose ...

The Central Bank of Egypt (CBE) will hike its overnight deposit rate by 50 basis points (bps) on Thursday as it works to keep inflation in check, a Reuters poll forecast. ...

Cryptocurrency derivatives trading on centralised exchanges rose to $3.12 trillion in July, a 13per cent monthly increase, researcher CryptoCompare said on Thursday, as crypto prices show signs of recovery from the ...

Battered by a near 50 per cent plunge in its shares over the last 12 months, Nexi (NEXII.MI), Europe’s biggest payments processor, has not gone unnoticed. Earlier this year, the ...

Brazil’s central bank chief Roberto Campos Neto on Friday said he believes credit cards will cease to exist soon due to the growth of the open finance system, through ...

Google Fiber plans to bring its high-speed internet service to multiple cities in Arizona, Colorado, Idaho, Nebraska and Nevada over the next several years in its first big expansion since ...

Samsung Electronics (005930.KS) unveiled its latest high-end foldable smartphones on Wednesday, keeping prices at the same level as last year’s in a bid to cement its leadership in an ...

Global rating agencies S&P and Fitch on Friday lowered Ukraine’s foreign currency ratings to selective default and restricted default as they consider the country’s debt restructuring ...

A small increase of 0.09 per cent was recorded in the price index of construction materials for the month of July 2022, compared to the previous month, according to a report by ...

Telecommunication provider Epic this week announced that it is investing in green and sustainable development, with the ultimate aim being the reduction of the company’s ecological footprint and contributing ...

By Ioannis Tirkides Inflation has been ramping up for about a year now and has reached levels last seen more than forty years ago, during the stagflation of the 1970s ...