International

The Bank of England will start cutting interest rates in August, according to all but two of 65 economists polled by Reuters, and most of them expect at least one more ...

Gold’s lightning rally to successive record highs shows every sign of continuing in the second half of 2024 as the fundamental case for bullion remains firmly in place, though $3,000 per ...

The European Commission notified car makers on Wednesday that it would apply additional duties of up to 38.1 per cent on imported Chinese electric vehicles from next month, a move likely ...

The international use of the euro remained broadly stable in 2023, with its share across various indicators of international currency use staying above 19 per cent. This stability, close to the average ...

The World Bank on Tuesday said the US economy’s stronger-than-expected performance has prompted it to lift its 2024 global growth outlook slightly but warned that overall output would remain well ...

OPEC on Tuesday stuck to its forecast for relatively strong growth in global oil demand in 2024, despite lower-than-expected use in the first quarter, saying travel and tourism would support consumption ...

General Motors (GM.N) on Tuesday announced a new $6 billion share buyback plan, more than a month after posting upbeat first-quarter results and raising its annual forecast, citing stable prices ...

The International Air Transport Association (IATA) has announced strengthened profitability projections for airlines in 2024, marking an improvement over its previous forecasts in June and December 2023. Despite these gains, the global ...

With major Tesla shareholders appearing divided over whether to endorse Elon Musk’s $56 billion pay package, the company also is looking for support from retail investors who make up an ...

The United States is merrily chipping away at the pillars that hold up the dollar as the world’s reserve currency, with the latest blows coming from some powerful Americans ...

A fall in permanent hiring by employers in Britain was its least severe in more than a year in May and the recruitment market appears to be poised for a ...

The Turkish competition authority said on Monday that it imposed a fine of around 482 million lira ($14.85 million) on Google (GOOGL.O) over its failure to fulfil obligations related to hotel ...

Major online streaming services operating in Canada will be required to contribute 5 per cent of their Canadian revenues to support the domestic broadcasting system, the country’s telecoms regulator has ...

EU-funded researchers are looking to improve electric grid to reduce energy waste, cut costs and curb emissions. By Jack McGovan When news articles appeared in 2021 about a slowdown in copper ...

Some of Tesla’s institutional shareholders are getting out, convinced that the electric carmaker’s days of dizzying growth are in the rear-view mirror. The company’s shares are down ...

Japan is set to push for more nuclear power in an energy policy update due next year, seeking stable electricity supply in face of growing demand and heightening geopolitical risks, ...

Microsoft expects to take additional steps to resolve an EU antitrust investigation into its chat and video app Teams which is part of its Office product, even as it seems ...

US private equity giant Blackstone (BX.N) has agreed to buy 1,750 new homes to rent from British housebuilder Vistry (VTYV.L), as institutional investors bet on a shortage of rental ...

Cisco has launched a $1 billion fund to invest in artificial intelligence startups, joining a list of big technology companies rushing to take stakes in small AI firms. The company, through ...

Deutsche Bank (DBKGn.DE) will work with Bitpanda to process customer deposits and withdrawals for the Austrian crypto broker, the companies told Reuters. The crypto industry has previously struggled to ...

British house prices rose in May after falling in the previous two months as the property market withstood high borrowing costs, according to figures from mortgage lender Nationwide. Prices increased ...

Brazil’s economy rebounded in the first quarter from a sluggish second half of 2023 on stronger investments and consumer demand, official figures showed, adding to caution at the central bank, ...

Israel’s high-tech sector now accounts for 20 per cent of the country’s economic output, the Israel Innovation Authority (IIA) said this week as it urged the government to invest ...

A group of current and former employees at artificial intelligence (AI) companies, including Microsoft-backed (MSFT.O) OpenAI and Alphabet’s (GOOGL.O) Google DeepMind this week raised concerns about risks ...