Showing 1 - 10 of 227
Air travel to soar near record in 2023: industry group
AFP, Published on 05/06/2023
» ISTANBUL: Airlines will return to profit and fly a near-record 4.35 billion passengers this year, but the sector's post-pandemic recovery remains fragile, an industry group said on Monday.
Argentina ramps interest rate to 97% as inflation soars
AFP, Published on 16/05/2023
» BUENOS AIRES: Argentina's central bank hiked its base interest rate Monday by six points to 97% as the government prepares to announce a spate of measures to tackle soaring inflation ahead of October's general election.
Over $68 bn withdrawn from Credit Suisse ahead of UBS takeover
AFP, Published on 25/04/2023
» ZURICH - Tens of billions were withdrawn from Credit Suisse in the first three months of 2023, the bank's earnings report showed Monday, providing clues to the towering challenges ahead as UBS prepares an emergency takeover.
Tough US emissions rules to speed EV shift
AFP, Published on 12/04/2023
» NEW YORK: President Joe Biden's administration unveiled new proposed auto emissions rules on Wednesday, aiming to accelerate the electric vehicle transition with a target of two-thirds of the new US car market by 2032.
UK claims post-Brexit win with trans-Pacific trade pact membership
AFP, Published on 31/03/2023
» LONDON: The UK will join 11 other countries in a major Asia-Pacific trade partnership, Prime Minister Rishi Sunak announced Friday, in the country's biggest post-Brexit trade deal following nearly two years of talks.
UBS against the clock in Credit Suisse takeover talks
AFP, Published on 19/03/2023
» ZURICH - UBS was up against the clock Sunday in talks to finalise a mammoth takeover of its troubled rival Swiss bank Credit Suisse and reassure investors before the markets reopen.
Crunch weekend for crisis-hit Credit Suisse
AFP, Published on 18/03/2023
» ZURICH: Troubled Credit Suisse has two days to reassure investors before the markets open on Monday with the spectre of another turbulent week in global finance looming.
OECD raises global growth forecast but recovery 'fragile'
AFP, Published on 17/03/2023
» PARIS: The OECD raised its global economic growth forecast on Friday as inflation eases and China emerges from Covid restrictions, but warned of vulnerabilities as seen in the US bank sector turmoil.
ECB sticks to planned rate hike despite turmoil
AFP, Published on 16/03/2023
» FRANKFURT: The European Central Bank stuck to a planned interest rate increase on Thursday as it remained laser-focused on battling sky-high inflation despite market turmoil over fears of a widening banking crisis.
European stocks rebound as Credit Suisse grabs lifeline
AFP, Published on 16/03/2023
» LONDON: European stock markets rebounded slightly on Thursday after troubled banking giant Credit Suisse secured a big financial lifeline and before a crucial interest-rate decision by the European Central Bank.