Showing 1 - 10 of 21
UK water crisis pollutes privatisation legacy
AFP, Published on 11/07/2023
» LONDON: Britain's biggest water supplier staving off renationalisation, trains derailed by strikes and consumers suffering huge energy bills — the nation's vital sectors are mired in chaos decades after their controversial privatisation.
Credit Suisse woes rock Wall Street
AFP, Published on 15/03/2023
» Wall Street was back in selloff mode early Wednesday as banking shares faced a fresh hammering amid worries that more lenders could fail.
Credit Suisse expects Q4 pre-tax loss of $1.6 bn
AFP, Published on 23/11/2022
» ZURICH - Credit Suisse predicted a surprise fourth-quarter pre-tax loss of up to $1.6 billion as the beleaguered bank undertakes a radical overhaul, sending stocks tumbling again on Wednesday.
Asia stocks up before Powell speech, China tech adds support
AFP, Published on 26/08/2022
» HONG KONG: Asian markets rose Friday after a Wall Street rally ahead of a speech by Federal Reserve boss Jerome Powell that is expected to reiterate his plan to ramp up interest rates to fight inflation.
Biden signs major semiconductors investment bill to compete against China
AFP, Published on 10/08/2022
» WASHINGTON: President Joe Biden signed into law Tuesday a multibillion dollar bill boosting domestic semiconductor and other high-tech manufacturing sectors that US leaders fear risk being dominated by rival China.
OPEC+ meets under pressure from Biden and Omicron
AFP, Published on 30/11/2021
» LONDON: OPEC+ oil producers meet Thursday under pressure from US President Joe Biden, who has opened up his country's taps hoping to bring down crude prices, and a new Covid-19 variant that has complicated the equation.
Japan unveils record $490bn pandemic stimulus
AFP, Published on 19/11/2021
» TOKYO: Japanese Prime Minister Fumio Kishida announced a record $490 billion stimulus for the world's third-largest economy Friday as he looks to shore up the country's patchy pandemic recovery.
Calling US inflation 'temporary,' Biden pushes more spending
AFP, Published on 20/07/2021
» WASHINGTON: President Joe Biden on Monday sought to tamp down concern about spiraling prices that threaten to dent the US economic recovery, saying the current inflation rise is "temporary" and not a long-term problem.
Global stocks mostly rise to conclude good week for equities
AFP, Published on 26/06/2021
» NEW YORK: Global stocks closed out a strong week with most bourses gaining Friday as markets took a benign view of recent inflation data and greeted progress on a US infrastructure package.
Biden hails US pandemic recovery as employment surges
AFP, Published on 03/04/2021
» WASHINGTON: US President Joe Biden celebrated a massive rebound in US jobs Friday as a sign of hope "at long last" that the end of the pandemic is within sight, with businesses reopening nationwide and vaccine access quickly opening up.