International

European air travellers are experiencing airfares below the inflation rate as the aviation market stages a post-pandemic resurgence, the International Air Transport Association (IATA) recently said in an official announcement. ...

Spanish billionaire and Zara founder Amancio Ortega has bought a logistics centre mainly used by Amazon in Dublin, Ireland, for 225 million euros ($244.98 million), his investment firm Pontegadea said recently. It ...

A digital pound should not be available in large sums initially to avoid the risk of bank runs, British lawmakers said in a report on Saturday that also highlighted the ...

Music streaming giant Spotify (SPOT.N) said on Monday that it will lay off around 1,500 employees, or 17 per cent of its headcount, to bring down costs, after letting 600 of its ...

Britain needs a new economic strategy to reverse 15 years of falling living standards and worsening inequality, a leading think tank and an academic research centre said on Monday. British productivity ...

A look at the day ahead in European and global markets. Asian stocks have made a hesitant start to the week, while gold hit a new peak and Treasuries ran ...

Sensors, “smart” buoys and high-tech traps can make fisheries in Europe more sustainable and profitable. By Helen Massy-Beresford Professor Zigor Uriondo was so keen to make tuna fishing less polluting ...

Drawing inspiration from birds, fish and even worms, researchers in Europe are developing machines to explore places on Earth that are difficult for people to reach. By Gareth Willmer The ...

We asked ChatGPT, OpenAI’s viral chatbot, how it felt on its first birthday. This was its reply: “Thank you for the birthday wishes! However, it’s important to note ...

Microsoft’s (MSFT.O) plan to pump 2.5 billion pounds ($3.2 billion) into Britain over the next three years, its single largest investment in the country to date, will underpin future growth ...

By Maria Demertzis How well are central banks doing? Right now, they are making losses but, unlike most large institutions, we should not assess their performance on annual profit and ...

Google DeepMind has used artificial intelligence (AI) to predict the structure of more than 2 million new materials, a breakthrough it said could soon be used to improve real-world technologies. In ...

Meta Platforms’ (META.O) advertising-free subscription service, a fee-based offering rolled out in Europe this month, breaches EU consumer laws, Europe’s largest consumer group said on Thursday as it ...

The US government will cut off cryptocurrency companies from the broader US economy if they fail to block and report illicit money flows, Deputy Treasury Secretary Wally Adeyemo warned the ...

Abu Dhabi’s Aldar Properties (ALDAR.AD) has bought London-based developer London Square for an enterprise value of 1.07 billion dirhams ($291 million) in its first acquisition outside the Middle East. “Aldar ...

Tesla (TSLA.O) started deliveries of its long-delayed Cybertruck electric pickup on Thursday, after CEO Elon Musk tempered investor expectations citing problems in ramping production of what he called a “...

A mix of global economic unease and geopolitical uncertainty means optimism is in short supply among bankers from the City of London to Frankfurt’s ‘Mainhattan’ financial district. Even rainmakers ...

A stellar rally in equities and bonds suggests market confidence is high for the world economy to reach a soft landing after a run of aggressive interest rate hikes. Yet ...

Goldman Sachs on Friday said it now expects the European Central Bank (ECB) to deliver its first interest rate cut in the second quarter of 2024, compared to an earlier forecast ...

Billionaires increased in numbers and overall wealth last year, Swiss bank UBS (UBSG.S) said on Thursday, with the fortunes inherited by the newly-minted super-rich exceeding cash generated by self-made ...

Metro Bank (MTRO.L) on Thursday announced sweeping cost-cutting plans aimed at bolstering its finances, which could see the embattled British lender lay off 20 per cent of its staff and ...

After making hay when a summer bond rout propelled the US dollar to 10-month highs, hedge funds are now pondering what lies ahead for the greenback. The dollar, down 3.5 per ...

November has shaped up to be a fairytale month for equities, with the festive Santa rally investors traditionally hope for coming early as traders bet on a Goldilocks scenario of ...

A debt crunch at Swedish property group SBB has left the European Central Bank at risk of losses and highlighted the 26 billion euro ($29 billion) exposure it built up to Europe’...