Showing 11 - 20 of 33
Congress reaches agreement to avert calamitous US debt default
AFP, Published on 08/12/2021
» WASHINGTON: US senators struck a deal Tuesday to create a one-time law allowing Democrats to lift the nation's borrowing authority and avert a catastrophic credit default without requiring votes from the opposition Republicans.
'Metaverse' hype fuels booming digital property market
AFP, Published on 05/12/2021
» PARIS - The idea of spending millions on non-existent land may sound ludicrous -- but feverish predictions of a virtual reality future are pushing investors to bet big on digital real estate.
US Congress averts default with stop-gap debt limit hike
AFP, Published on 13/10/2021
» WASHINGTON: US lawmakers rubber-stamped a short-term bill to lift the nation's borrowing authority Tuesday, averting the threat of a first-ever debt default -- but only for a few weeks.
United States steps back from debt cliff... for now
AFP, Published on 07/10/2021
» WASHINGTON: The United States staved off a catastrophic credit default Thursday after Democrats accepted an offer from the Republicans to raise the debt limit for two months.
In world first, bitcoin becomes legal tender in El Salvador
AFP, Published on 08/09/2021
» SAN SALVADOR: El Salvador on Tuesday became the first country to introduce bitcoin as legal tender, with high demand forcing a freeze of its online cyber "wallet" system on Day 1.
World's rich floor it in post-pandemic luxury car rush
AFP, Published on 30/05/2021
» PARIS: The global rebound from the coronavirus pandemic is revving luxury carmakers' sales to never-before-seen heights, as order books at the likes of Lamborghini, Ferrari and Rolls-Royce burst with demand from the world's wealthy.
Swiss spooked by using debt to prop up economy
AFP, Published on 21/02/2021
» ZURICH - Germany, which is known for strict budgets, has tapped debt markets to prop up its virus-hit economy, while neighbouring Switzerland has consistently curbed borrowing despite calls to change course.
Epic Games battles to get Fortnite back in App Store
AFP, Published on 27/09/2020
» SAN FRANCISCO - Epic Games will strive anew Monday to convince a judge that its hit title Fortnite should be restored to Apple's App Store, despite sidestepping the tech titan's standard commission on transactions.
Dubai ports giant 'prepares for worst' as virus impact looms
AFP, Published on 21/06/2020
» DUBAI: The giant Dubai-based ports operator DP World is "preparing for the worst" in the months ahead, as coronavirus inflicts the heaviest blow on global trade since World War II.
French trader who bet the house on oil shock and won
AFP, Published on 14/06/2020
» LONDON - French trader and specialist oil hedge fund manager Pierre Andurand saw it coming from early February.