International

Earlier this year, MUFG Investor Services, the asset servicing arm of one of the largest global banks in terms of assets, announced its intention of setting up a new operational ...

By Maria Demertzis At the start of April, Ukraine’s President Volodymyr Zelensky warned that security will likely be the biggest issue for his country for the next decade. And ...

The Russian finance ministry on Thursday said it had fulfilled its obligations on two issues of dollar-denominated Eurobonds “in full” by sending 12.51 billion roubles ($234.5 million) in coupon payments to the ...

Lebanese caretaker Prime Minister Najib Mikati was designated premier again on Thursday, facing the challenge of forming a new government as the country’s devastating financial crisis festers. Mikati’s ...

British retail sales volumes fell by a monthly 0.5 per cent in May and an increase in April was revised down sharply, the Office for National Statistics said on Friday in ...

Oil prices traded sideways on Friday after briefly rising nearly $1 per barrel, as the market balanced fears of slower demand from cooling US economic activity with supply uncertainty. Brent crude ...

Digital assets platform FalconX was valued at $8 billion in a new funding round led by Singapore’s sovereign wealth fund GIC and B Capital, more than doubling its valuation in 10 ...

Major crypto firm Tether said on Wednesday it will launch next month a “stablecoin” pegged to the British pound, a move that comes as London draws up plans to regulate ...

London’s Heathrow said on Thursday demand for travel has been stronger than expected, prompting Britain’s busiest airport to raise its passenger number forecast for the year, while costs ...

Russia is increasing gasoline and naphtha supplies to Africa and the Middle East as it struggles to sell fuel in Europe, while Asia is already taking bigger volumes of Russian ...

India is providing safety certification for dozens of ships managed by a Dubai subsidiary of top Russian shipping group Sovcomflot, official data showed, enabling oil exports to India and elsewhere ...

Britain should avoid major, hasty reforms to make its financial sector more globally competitive following the industry’s separation from the European Union by Brexit, a parliamentary report said on ...

Britain’s worsening cost-of-living squeeze is pushing some people into gambling and cryptocurrency investments in last-ditch attempts to make ends meet, a gambling charity warned on Thursday. GamCare said it ...

The 14th summit of BRICS, an emerging-market group that includes Brazil, Russia, India, China and South Africa, will be held this week in virtual format under the theme of “Foster ...

Cryptocurrency trading increasingly resembles the US stock market of the late 1920s, Switzerland’s top market regulator said on Wednesday, calling for regulators to take more action to protect consumers ...

The British government needs to do more to help those on lower incomes cope with the cost of living crisis and should cut VAT sales tax, the chairman of supermarket ...

Drivers around the world are feeling pain at the pump with fuel prices soaring, and costs are surging for heating buildings, power generation and industrial production. Prices were already elevated ...

Two high-tech Airbus A350 jets sit idle with their windows taped and engines covered in a floodlit hangar in the Gulf, hobbled by an international legal dispute between European industrial ...

Lebanese banks said the country’s draft agreement with the International Monetary Fund was “unlawful” and “unconstitutional” in a letter sent to the IMF by an adviser of the Association ...

Soaring food prices pushed British consumer price inflation to a new 40-year high last month of 9.1 per cent, the highest rate out of the Group of Seven countries and underlining ...

Big Macs and McFlurrys may be off the menu at McDonald’s successor restaurants in Russia, but the new firm has ambitious growth targets after it sold almost 120,000 burgers, a ...

Recent implosions in the cryptocurrency markets indicate that long-warned-about dangers of decentralised digital money are now materialising, the Bank for International Settlements has said. The BIS, the global umbrella body ...

The International Air Transport Association (IATA) on Tuesday said that the aviation industry’s sustainability efforts need to be further supported through extensive incentive schemes. The incentives, the association explained, ...

The Bank of England should raise rates faster than it has so far because the sterling’s weakness is adding to Britain’s inflation pressures, interest-rate setter Catherine Mann said ...