European Coding Challenge to take place in Cyprus for first time
The Cyprus Computer Society announced this week that the inaugural edition of the European Coding Challenge will take place in Cyprus next month.
The event, which is being held in ...
Meta spreads cheer on Wall Street as Facebook adds more users
Shares of Meta Platforms Inc (FB.O) rose 17 per cent in a relief rally on Thursday after having lost nearly half their value this year, as the social media giant ...
Hobbled by economy, Erdogan heads to Saudi to mend ties after Khashoggi U-turn
Three and a half years after accusing Saudi Arabia’s leadership of murder and running a sham trial over the killing of journalist Jamal Khashoggi, Turkish President Tayyip Erdogan plans ...
Investors fret over potential Musk U-turn in $44 billion Twitter buyout
Investors speculating over whether Elon Musk will complete his $44 billion acquisition of Twitter Inc (TWTR.N) sent the social media company’s shares on Wednesday to their lowest level since ...
Euro peers over the cliff at dollar parity as recession looms
The euro’s drop to a five-year low is rekindling the possibility the currency will reach parity versus the dollar for the first time in two decades, as fears of ...
Standoff with Lebanon banks could derail IMF deal, minister says
Lebanon’s efforts to secure $3 billion in International Monetary Fund support to help it tackle its financial crisis could be derailed by divisions over how to deal with massive financial ...
Britain’s Sainsbury’s warns of lower profit as inflation hits
British supermarket group Sainsbury’s (SBRY.L) followed market leader Tesco (TSCO.L) in warning that soaring inflation would lower profit in the current financial year, taking the shine off ...
With inflation, gold notes and cards find their way into America’s wallet
With inflation running at its highest levels in four decades, Utah business owner Steve Allred is concerned about the declining purchasing power of the US dollar.
To help protect against ...
How Africa is bearing the brunt of palm oil’s perfect storm
Djeneba Belem’s fried bean cake stall in Abidjan is a world away from the war raging in Ukraine. But her business is now at the mercy of an unexpected ...
Electric car battery showdown brews in West
Several companies plan to open production facilities for lithium iron phosphate (LFP) batteries or components in North America and Europe by 2025, as the alternative to nickel-cobalt-manganese (NCM) cells begins to ...
Rouble strengthens in Moscow as Russia halts gas supplies to Bulgaria, Poland
The rouble strengthened on Wednesday after Russia said it had halted gas supplies to Bulgaria and Poland, firming to a more than two-year high against the euro in Moscow trade ...
GSK tops quarterly forecasts, helped by COVID-19 treatment and Shingrix
British pharmaceuticals giant GSK (GSK.L) beat analyst expectations for its first-quarter results on Wednesday and stood by its 2022 forecasts, after buoyant sales of its COVID-19 treatment which has now ...
Tesla loses $126 bln in value amid Musk Twitter deal funding concern
Tesla Inc (TSLA.O) lost $126 billion in value on Tuesday amid investor concerns that Chief Executive Elon Musk may have to sell shares to fund his $21 billion equity contribution to ...
Europe’s Russian diesel imports drop, but still dominant
European diesel imports from Russia are set to fall in April but will still exceed those from other regions, highlighting the challenge European governments face as they contemplate new sanctions ...
Euro falls below $1.06 for first time in five years
The euro fell below $1.06 for the first time in five years against a broadly strong US dollar on Wednesday amid rising concerns around energy safety and growth slowdown in China ...
Qatar suffers setback in airplane dispute with Airbus
A British judge on Tuesday denied a request by Qatar Airways to force Airbus (AIR.PA) to keep building A321neo jets for the Gulf airline, in a setback to ...
Russian court orders seizure of $7 mln in Google’s Russian funds, property
A Moscow court has ordered the seizure of 500 million roubles ($7 million) worth of Google’s property and funds in Russia, news agencies said, in a lawsuit concerning restrictions the US ...
Cryptoverse: Ether prepares for epic ‘merge’ in quest to eclipse bitcoin
Ether has promised to do better. It has promised to go to the next level, edging out crypto rivals and even outshining the godfather, bitcoin. But the clock’s ticking.
...
Britons look to discounters as grocery inflation hits highest in more than a decade
British grocery inflation hit 5.9 per cent in April, its highest level since December 2011, forcing shoppers to seek out value, increasingly at discounters Aldi and Lidl, industry data showed on Tuesday.
...
British cost of living crisis to have severe impact on economic growth
The cost of living crisis in Britain will have a severe impact on economic growth this year but the Bank of England will still lift interest rates again next week, ...
London’s Heathrow raises 2022 passenger forecast to 52.8 million
London’s Heathrow Airport raised its 2022 forecast for passengers to 52.8 million on Tuesday, representing 65 per cent of pre-pandemic levels, driven by demand for leisure travel, but it expected numbers to ...
Russian rouble hits near 2-year high vs euro
The Russian rouble strengthened on Monday, firming past 77 against the euro to a near two-year high, helped by tax payments that companies are due to make this week and as ...
Coca-Cola results exceed expectations on higher prices, stable demand
Coca-Cola Co (KO.N) beat quarterly revenue and profit expectations on Monday, helped by higher prices and a rebound in demand for its sodas at theaters and restaurants.
Consumer goods ...
US trucking downturn foreshadows possible economic gloom
Craig Fuller monitors millions of transactions between US truckers and their customers as chief executive of transportation data company FreightWaves – and he does not like what he is seeing.
There ...