Business / World Business

Tanzania central bank to reduce liquidity to tackle inflation 24 Sep 2022 - 11:41 am

Tanzania's central bank will reduce liquidity in the economy in September and October to slow rising inflation in the east African country, a...

Ethiopian Airlines consortium wins bid for new Nigeria airline 23 Sep 2022 - 11:00 pm

ABUJA: A consortium led by Ethiopian Airlines is the preferred bidder for shares in new Nigerian airline Nigeria Air, the country's aviation minister...

Toyota ends carmaking in Russia, seeing no path to restart plant 23 Sep 2022 - 07:31 pm

Toyota Motor Corp. has decided to cease vehicle production at its lone car plant in Russia, a rare move for the company still...

Tesla recalls nearly 1.1 million US vehicles to update window reversing software 22 Sep 2022 - 09:20 pm

WASHINGTON: Tesla is recalling nearly 1.1 million US vehicles because the window automatic reversal system may not react correctly after detecting an obstruction,...

Musk can use $7.8m Twitter whistle-blower payment in his counterclaims: US Court 22 Sep 2022 - 07:38 pm

Delaware: Elon Musk can use a $7.8m severance payment to a Twitter Inc. whistle-blower to argue he was justified in walking away from...

Bank of England raises rates to 2.25%, despite likely recession 22 Sep 2022 - 04:37 pm

LONDON: The Bank of England raised its key interest rate to 2.25% from 1.75% on Thursday and said it would continue to "respond...

Paris and New York join climate litigation against TotalEnergies 21 Sep 2022 - 07:59 pm

PARIS: The cities of Paris and New York have joined a coalition of associations and local authorities that are suing oil major TotalEnergies...

European Gas Jumps on Winter Risks as Putin Steps Up Ukraine War 21 Sep 2022 - 12:12 pm

European natural gas prices rose as traders assessed the security of winter supply with Russia stepping up its war in Ukraine, even as...

Hertz plans to buy 175,000 electric vehicles from GM over five years 20 Sep 2022 - 08:43 pm

New York: Hertz Global Holdings Inc. plans to buy as many as 175,000 electric vehicles from General Motors Co. over the next five...

Champs-Elysees building sells for more than $600 million in record 19 Sep 2022 - 09:04 pm

A building on the Champs-Elysees changed hands for more than 600 million euros ($600 million), a record for a commercial real estate transaction...

Bread prices jump by nearly a fifth in EU, Eurostat says as war in Ukraine weighs 19 Sep 2022 - 04:20 pm

The price of bread rose by almost a fifth in the European Union in August as Russia's invasion of Ukraine, both major exporters...

Dollar off 20-year peak as Fed headlines big central bank week 19 Sep 2022 - 09:38 am

TheDollarlingered near a two-decade top on major peers on Monday, ahead of a week loaded with market holidays and central bank decisions from...

Volkswagen targets $75bn for Porsche IPO valuation 18 Sep 2022 - 11:06 pm

Berlin: Volkswagen AG set a valuation target of 70 billion ($70.1bn) to 75 billion euros for the initial public offering of its iconic...

Egypt to raise Suez Canal transit fees for ships in 2023 17 Sep 2022 - 07:44 pm

CAIRO: Egypt said on Saturday that it will increase transit fees for vessels, including oil-laden tankers, passing through Suez Canal, one of the...

Serious breach at Uber spotlights hacker social deception 17 Sep 2022 - 04:16 pm

New York: The ride-hailing service Uber said on Friday that all its services were operational following what security professionals are calling a major...

Wall St drops to two-month lows as recession fears mount 16 Sep 2022 - 11:50 pm

NEW YORK: U.S. stocks ended in the red on Friday, falling to two-month lows as a warning of impending global slowdown from FedEx...

China plans sanctions on CEOs of Boeing Defense, Raytheon over Taiwan sales 16 Sep 2022 - 07:28 pm

BEIJING: China will impose sanctions on the chief executives of Boeing Defense and Raytheon over their involvement in Washington's latest arms sales to...