Toshiba’s lurch from crisis to crisis
Toshiba said on Monday it now aims to split into two companies instead of three, while boosting planned shareholder returns to appease angry investors.
The once-storied conglomerate has been battered ...
DP World posts 9.4 per cent rise in 2021 container volumes
Ports giant DP World on Monday reported a 9.4 per cent rise in 2021 container volumes, though growth rates moderated in the fourth quarter which the Dubai state company said was expected ...
UK housing boom starts to fade as cost-of-living squeeze tightens – Halifax
British house prices in January rose at their slowest monthly pace since June last year as a post-lockdown boom in the housing market started to fade and a growing cost-of-living ...
Facebook owner Meta adds tool to guard against harassment in metaverse
Facebook’s parent Meta Platforms said on Friday it is launching a tool for people using its virtual reality social platforms to maintain personal space boundaries, as concerns have mounted ...
Apple plans to debut low cost 5G iPhone in March
Apple Inc (AAPL.O) is targeting a date on or near March 8 to unveil a low-cost 5G iPhone and an updated iPad, Bloomberg News reported on Friday, citing people with ...
BoE governor wrong to call for wage restraint – Tesco chairman
Staff at Tesco (TSCO.L) deserve to be protected from inflation and it was wrong for the governor of the Bank of England to tell workers to restrain their demands ...
The possible reasons for Sony’s multibillion dollar acquisition of Bungie
Sony announced on Monday that it had completed its acquisition of game developer Bungie, the studio behind multiplayer first-person shooter Destiny, as well as the original creators of Halo, a ...
Special Report: Inside J&J’s secret plan to cap litigation payouts to cancer victims
Johnson & Johnson created a plan last year to limit the financial bleeding from billions of dollars in jury awards to plaintiffs who alleged the company’s Baby Powder and ...
UK auto industry cuts 2022 sales forecast due to income squeeze
British new car registrations are likely to grow less strongly in 2022 than previously thought due to the cost-of-living squeeze and ongoing supply problems, the Society of Motor Manufacturers and Traders (...
Oil shipments in European oil hub delayed after cyber attacks
Tanker and barge shipments in and out of Europe’s biggest oil hub have been delayed by up to a week as four storage companies scramble to resume operations after ...
Amazon surges with record $190 billion gain in value
A day after Facebook owner Meta Platforms (FB.O) suffered the deepest loss of stock market value in history for a U.S. company, Amazon logged the greatest ever one-day ...
Non-fungible tokens (NFTs): the next chapter in crypto
By Maria Demertzis
Non-fungible tokens, or NFTs, are the next hype in the crypto world. According to Collins Dictionary ‘NFT’ was the 2021 word of the year.
But what are they ...
From Kisses to Kleenex, consumer-product makers plot price hikes
From Hershey to Clorox (CLX.N) and Kleenex maker Kimberly-Clark (KMB.N), major consumer-products companies have announced plans to boost US prices further or more broadly than previously proposed this ...
Euro climbs after ECB’s ‘ground-breaking’ hawkish turn
The euro was on track on Friday for its best week versus the dollar since the COVID-19 pandemic hit, after a hawkish turn by the European Central Bank (ECB) sent ...
Chasing sky-high valuations, Dubai bankers switch to tech sector
Faced with deal fees in the Gulf region a fraction of those in markets elsewhere, many Dubai bankers are handing in their notices, attracted by the lure of cashing out, ...
Gatwick-owner Vinci sees 2022 profit surpassing pre-pandemic levels
France’s Vinci expects net income this year to exceed its pre-pandemic level in 2019, helped by a recovery in its airports arm that should bring those earnings close to breakeven.
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Eurozone firms see wages rising by 3 per cent or more, ECB says
Eurozone companies expect wages to rise by 3 per cent or more this year as workers demand to be compensated for inflation and it becomes more difficult to find staff such ...
Britain scrambles $12 billion to soften 54 per cent household energy price blow
Energy prices for millions of Britons will soar from April after a 54 per cent hike to the regulatory price cap, forcing the government to stump up 9 billion pounds ($12 billion) of ...
Meta’s miss creates Big Tech divide: who’s got the data
Uh oh. Big Tech was cut in two on Wednesday, divided between companies that have great data and those that don’t, after Facebook owner Meta Platforms Inc (FB.O) ...
Bank of England hikes rates in clamour to contain spiralling inflation
The Bank of England raised interest rates to 0.5 per cent on Thursday and nearly half of its policymakers wanted a bigger increase to contain rampant price pressures, as the central ...
Turkish central bank begins distributing 2021 profits to shareholders
Turkey’s central bank said on Thursday it had decided to pay advance dividends from its 2021 accounting period and distribute its reserve fund from 2020 profits to shareholders, including the Treasury.
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Lebanon’s savers to bear burden under new rescue plan
Two years into an economic meltdown the World Bank says is one of the worst recorded, Lebanon’s rulers have proposed a way to plug a huge hole in the ...
Greek tech fund PJ Catalyst sells Pollfish unit to US-based Prodege
Greek technology fund PJ Tech Catalyst, backed by Piraeus Bank (BOPr.AT) and the European Investment Fund, has agreed to sell its market research unit Pollfish to U.S.-based ...
European shares rise as investor sentiment steadies
Shares rose in Europe on Wednesday as investor sentiment continued to steady after a rout last month, but the advance was capped by concerns over how fast central banks will ...