Among the French business executives travelling to Beijing with President Emmanuel Macron, the mood was cautiously sanguine on the thawing post-pandemic trade prospects with China, with some rejecting American-led calls for ‘decoupling’. Macron travelled to China with a 50-strong delegation of business leaders including the CEOs of Airbus, Alstom and EDF, raising eyebrows among some […]
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Oil fell on Thursday as weak U.S. economic data raised concerns over a potential global recession and demand reduction, but benchmark prices were headed for a weekly advance after OPEC+ announced further output cuts and U.S. oil stocks dropped. Brent crude futures fell 41 cents, or 0.5%, to $84.58 a barrel by 0616 GMT. West […]
Germany’s only deep water port, home to its largest naval base, is where energy firms now plan to spend more than $5.5 billion to help construct the clean energy infrastructure the country needs to help end its reliance on Russian gas. Europe’s leading industrial exporter has only just managed to get through an energy crunch […]
Banking sector turmoil has not dented demand for equities, with MSCI’s world stock index up 7% so far this year. Hopes that the Federal Reserve and others could soon pause the most aggressive interest rate hiking cycle in decades has supported stocks even as sentiment more generally has been rattled by the failures of two […]
The dollar crept higher on Thursday but stood near a two-month low as traders weighed how pivotal U.S. jobs data coming out on a stock trading holiday would impact Federal Reserve policy, after a raft of data this week pointed to a cooling economy. The closely watched U.S. non-farm payrolls report on Friday, when many […]
Telecom mergers and acquisitions have raised concerns about their impact on competition, innovation, and investment in the telecommunications industry. ________________ The telecommunication industry has witnessed several mergers and acquisitions of large companies. These actions have raised concerns about their impact on competition, market shares, and customer benefits. While the intentions of these companies may be […]
The record number of developing nations at risk of a debt crisis will be high on the agenda next week when central bankers, finance ministers and political leaders convene for the World Bank Group and International Monetary Fund (IMF) spring meetings. Ballooning inflation, escalating borrowing costs and a strong dollar have made repaying loans and […]
International law enforcement agencies have seized a sprawling dark web marketplace popular with cybercriminals, Britain’s National Crime Agency (NCA) said on Wednesday, in a multinational crackdown dubbed “Operation Cookie Monster.” A banner plastered across Genesis Market’s site late on Tuesday said domains belonging to the organisation had been seized by the FBI. Logos of other […]
Switzerland has instructed Credit Suisse to cancel or reduce all outstanding bonus payments for the top three levels of management and examine whether those already paid can be recovered, the Federal Council said on Wednesday. Under Swiss banking law, the Federal Council can impose bonus-related measures on a systemically important bank if it received state […]
A Portugal-based European consumer protection group has sued short-video app TikTok for allegedly allowing children aged under 13 to sign up for an account without parental consent and failing to implement measures to protect them. The lawsuit came a day after Britain’s data watchdog said it had fined TikTok 12.7 million pounds ($15.81 million) for […]