International

4 mins ago | October 7, 2022

Climate systems ‘breakdown’ looms

The coal industry has backtracked on pledges to phase out existing plants and halt new investments, putting the planet ...

3 days ago | October 4, 2022

What to watch as commodities face another wild quarter’s trading

Bloomberg Commodities face a daunting array of challenges in the final stretch of a turbulent year after capping their ...

Porsche shares drop below IPO price within days of making debut

Bloomberg Porsche stock traded below the price it debuted at last week, succumbing to the market pressures Volkswagen AG ...

 Truss drops tax cut for highest UK earners to fend off revolt

Bloomberg Prime Minister Liz Truss dropped a plan to cut taxes for the highest earners just 10 days after announcing it, ...

1 week ago | September 30, 2022

Chinese yuan: Currency hits record lows against US dollar

China’s yuan has hit fresh record lows against the surging US dollar. The internationally-traded yuan fell to its lowest ...

German Chancellor Olaf Scholz set out a 200 billion euro (US$194 ...

German Chancellor Olaf Scholz set out a 200 billion euro (US$194 billion) “defensive shield”, including a gas price ...

UAE to continue supplying oil, gas globally

The United Arab Emirates will continue to supply the world with energy for as long as it needs it, its Minister for ...

Fresh risks from global slowdown for China

China’s shaky recovery continued in September, with a pickup in car and homes sales in the biggest cities compensating ...

Cuba in the dark after hurricane knocks out power grid

HAVANA. — Cuba remained in the dark early Wednesday after Hurricane Ian knocked out its power grid and devastated some ...

US jobless claims fall to five-month low

THE number of Americans filing new claims for unemployment benefits fell to a five-month low last week as the labour ...

1 week ago | September 29, 2022

EXPLAINER | Why is the British pound in freefall?

As the British pound plummets in value, the US dollar is flying high. Against a tumultuous backdrop that includes the ...

1 week ago | September 27, 2022

UK market meltdown? Nothing to see here, Treasury minister says

Reuters Britain’s deputy finance minister on Saturday played down a historic collapse in the pound and government ...

2 weeks ago | September 23, 2022

Worldwide events impact on executive pay in 2022

Since the Covid-19 pandemic the world has been affected by many events that are now the new normal, forcing businesses ...

Truss pessimistic on UK-US trade deal in the near future

A  trade deal between the UK and the US is unlikely in the short to medium term, Liz Truss said as she touched down in ...

UK mulls paying half of business energy bills

Britain on Wednesday unveiled a six-month plan starting in October to pay about half of energy bills for businesses, as ...

Apple to hike App Store prices from Europe to Asia next month

Apple unveiled major increases to its price tiers on apps and in-app purchases from Europe to Asia, protecting its ...

2 weeks ago | September 22, 2022

Germany nationalises gas firm Uniper to avert winter energy collapse

Bloomberg Germany will nationalise Uniper in a historic move to rescue the country’s largest gas importer and avert a ...

2 weeks ago | September 21, 2022

A double-edged sword for central banks

Afp Central banks worldwide are using aggressive interest rate hikes to lasso galloping inflation, at the risk of ...

Liz Truss: UK will not strike free trade deal with US for years

The UK will not strike a free trade deal with America for many years, Liz Truss has conceded. In a significant admission ...

2 weeks ago | September 20, 2022

UK to ramp up economic help after queen’s funeral

Bloomberg The days after Monday’s funeral of Queen Elizabeth II are set to be marked by a flurry of activity from the ...