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Search Result for “exchange”

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BUSINESS

Pilot strike adds to Kenya Airways woes

AFP, Published on 04/11/2022

» NAIROBI: Pilots at Kenya Airways plan to go on strike from Saturday to seek better working conditions in defiance of a court order, adding to the woes of the troubled national carrier.

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BUSINESS

Seeking 'healthy' debate of ideas, Musk nears Twitter deal finish line

AFP, Published on 27/10/2022

» NEW YORK: Closing in on his Twitter megadeal, Elon Musk said Thursday his goal is to enable "healthy" debate of ideas and counter the tendency of social media to splinter into partisan "echo chambers."

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BUSINESS

Musk offers to close Twitter buyout at original price

AFP, Published on 05/10/2022

» SAN FRANCISCO: Elon Musk has offered to push through with his buyout of Twitter at the original agreed price, reports said Tuesday, just weeks before the opening of a bitter court case over his effort to withdraw from the deal.

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BUSINESS

Why crypto's big 'merge' is causing big headaches

AFP, Published on 04/10/2022

» PARIS: The biggest software upgrade in the short history of crypto has fulfilled its promise to wipe out more than 99% of the electricity used by the second-biggest cryptocurrency, experts have told AFP.

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BUSINESS

China's offshore yuan hits record low against dollar

AFP, Published on 28/09/2022

» BEIJING: China's yuan hit a record low against the surging US dollar in offshore trading Wednesday, despite recent efforts by the country's central bank to shore up the currency.

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BUSINESS

Large Wall Street firms fined $1.8bn in US over lax recordkeeping

AFP, Published on 28/09/2022

» NEW YORK: Large Wall Street firms agreed to pay $1.8 billion in fines over failures to keep electronic records such as text messages between employees on personal mobile phones, US authorities announced Tuesday.

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BUSINESS

Pound hits record low versus dollar, markets drop on recession fears

AFP, Published on 26/09/2022

» HONG KONG: The pound hit a record low against the dollar Monday on surging fears about the UK economy after the government unveiled a huge tax-cutting budget.

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BUSINESS

Boeing fined $200m for misleading investors on 737 MAX safety

AFP, Published on 23/09/2022

» NEW YORK: US securities officials fined Boeing $200 million over the aviation giant's misleading assurances about the safety of the 737 MAX airplane following two deadly crashes, regulators announced Thursday.

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BUSINESS

El Salvador marks 1st year of Bitcoin use as confidence wanes

AFP, Published on 07/09/2022

» EL ZONTE, El Salvador: A year ago, El Salvador began accepting Bitcoin as legal tender following a controversial and much-criticised decision by President Nayib Bukele.

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BUSINESS

OPEC+ to meet amid economic downturn fears

AFP, Published on 05/09/2022

» VIENNA: Faced with recession fears, the OPEC+ countries are expected to agree a modest increase in oil production at a meeting on Monday, with some experts even forecasting a cut to support prices.