Business
US Services Growth Slips to Lowest Level Since 2020: Survey
The American services sector grew less than expected in October, at its weakest level since May 2020, as new orders...
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EU Leaders Clash Over How to Tackle Energy Prices
EU leaders clashed over how to ride out Europe's energy shock, with traditional partners France and Germany at loggerheads over...
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Elon Musk-Twitter Deal: Here is All You Need to Know
After months of recriminations and attempts to cancel his bid to buy Twitter, Elon Musk called a truce and agreed...
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Germany Defends Massive Energy Plan Against EU Critics
Germany pushed back against critics of a $198-billion energy fund, as Berlin faces fresh accusations and citizens face a historic...
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Russian Tech Giant Yandex Sells Media Assets
Russian IT giant Yandex announced the sale of its media assets to state-affiliated rival VK, the owner of Russia's largest...
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World Bank Refuses New Funding for Bankrupt Sri Lanka
The World Bank said it would not offer new funding to Sri Lanka unless the bankrupt island nation carried out...
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European Union to Target Russian Gold With New Sanctions
The European Union is targeting Russian gold exports in an update to its sanctions' packages that will also tighten the...
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Bank of America Fined $225 Mn for ‘Botching’ US Covid-19 Aid Payments
Two US agencies fined Bank of America a total of $225 million on charges it wrongfully froze unemployment and other...
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Google to Pay $90 Mn in Settlement With App Developers
Google will fund a $90-million settlement to small app developers who had alleged the technology giant abused its market position.
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War Shrinks Ukraine Economy by 15 Percent: Stats Office
The war with Russia caused Ukraine's economy to contract by 15.1 percent in the first three months of this year,...
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US Adds 390,000 Jobs in May, Unemployment Steady at 3.6 Pct: Govt
American employers added 390,000 jobs last month, the government reported, a sign of a slowdown in hiring but still a...
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Eurozone Stocks Sink as Inflation Accelerates to Record High
Eurozone equity markets sank on news that the region's inflation rate hit another record high in May on fallout from...
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Russia Says Economy Grew 3.5 Percent in First Quarter
Russia's state statistics agency said it expected economic growth to stand at 3.5 percent in the first quarter of this...
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Apple, Google, Other US Tech Titans Look to Ditch Passwords
Apple, Google and Microsoft said they are looking to get rid of passwords and replace them with a more secure...
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Free Speech or Hate Speech? Fears for Musk’s Twitter
Elon Musk describes himself as a "free-speech absolutist," leaving rights groups fearful that Twitter will provide a forum for hate...
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Yellen Warns European Ban on Russian Energy Could Harm Economies
A European ban on Russian oil and gas imports could have unintended economic consequences, US Treasury Secretary Janet Yellen said.
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White House Warns of ‘Extraordinarily Elevated’ March Inflation
The already-high US inflation rate likely climbed even further last month, the White House warned, amid a spike in energy...
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Big Tech to Be Regulated Like Banks, Says EU Antitrust Chief
Big Tech companies like Google, Meta, and Amazon will be regulated like banks, as per a new landmark digital law,...
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Moscow Stocks Crash Crushes Financial Dreams of Russians
The Moscow stock exchange ended 2021 in fine form and ordinary Russians were keen on investing. Everything changed after Moscow's...
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UN Slams Facebook Decision on Violent Messages
The UN voiced alarm at Facebook's decision to temporarily ease its policy on violent speech after Moscow's invasion of Ukraine,...
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