Showing 1 - 10 of 130
Lufthansa banking on Southeast Asia
Business, Molpasorn Shoowong, Published on 27/10/2023
» Lufthansa Group, a global aviation group, is banking on growth in Southeast Asia as flight frequency has already reached pre-pandemic levels, recovering more quickly than it has in North Asia.
Silicon Valley Bank shares plunge 60%
Business, Erin GriffithRob Copeland, Published on 11/03/2023
» Panic swept through the start-up industry on Thursday as investors at some venture capital firms urged portfolio companies to move their money from Silicon Valley Bank over concerns about the tech industry stalwart's financial stability.
EU agrees on new sanctions against Russia
New York Times, Published on 17/12/2022
» BRUSSELS: The European Union (EU) on Friday approved a new round of sanctions against Russia, including banning drone exports to the country, as the bloc strives to maintain a united front and keep up financial pressure on Moscow over the Kremlin’s war in Ukraine.
BP quarterly profit surges on high energy prices
AFP, Published on 01/11/2022
» LONDON - BP said Tuesday that underlying third-quarter profit more than doubled on high commodity prices after key energy producer Russia's invasion of Ukraine but logged a net loss on accounting charges.
Stocks, pound up as Sunak poised to become new British PM
AFP, Published on 24/10/2022
» LONDON - Global stocks and the pound climbed on Monday as markets reacted to the news that former finance minister Rishi Sunak was to become Britain's new prime minister.
Jeremy Hunt: softly-spoken survivor takes on hardest role
AFP, Published on 14/10/2022
» LONDON: Newly appointed UK finance minister Jeremy Hunt is a mild-mannered political survivor who will require all of his considerable experience to calm an economy and government beset by chaos.
Opec+ agrees small oil output rise despite Biden plea
AFP, Published on 03/08/2022
» VIENNA: The Opec+ oil cartel agreed to a small increase in production Wednesday, likely disappointing US President Joe Biden who lobbied for a big hike to tame soaring energy prices on a recent trip to Saudi Arabia.
Heatwave-hit Farnborough airshow basks in bumper Boeing order
AFP, Published on 19/07/2022
» FARNBOROUGH: Britain's Farnborough airshow flew into view Monday under a sweltering heatwave, as US planemaker Boeing basked in the glow of the first gigantic order in global aviation's first get-together since Covid.
UK 'jobs miracle' turns into employers' nightmare
AFP, Published on 14/07/2022
» KESWICK: Job vacancies seem to come ten-a-penny in Keswick, a tourist town in England's picturesque Lake District, as the hospitality sector cries out for staff -- shortages which are a direct result, critics say, of the coronavirus pandemic and of Brexit.
Russia defaults on foreign debt for first time since 1918
Giulia Morpurgo and Libby Cherry of Bloomberg News, Published on 27/06/2022
» NEW YORK: Russia defaulted on its foreign-currency sovereign debt for the first time in a century, the culmination of ever-tougher Western sanctions that shut down payment routes to overseas creditors.