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Russia earns less from oil and spends more on war. So far, sanctions are working like a slow poison
Russia earns less from oil and spends more on war. So far, sanctions are working like a slow poison
The Russian currency has stabilized after dipping below 100 rubles to the U.S. dollar — but that doesn't mean the pressure is off Russia's economy
2023-08-30 15:23
Epstein-Staley Emails Reveal Friendship Forged at JPMorgan
Epstein-Staley Emails Reveal Friendship Forged at JPMorgan
Sitting on his yacht in January 2011, Jes Staley was taking time out from running one of the
2023-07-13 07:19
Australia’s No. 2 Pension Says Rates May Be High Until 2025
Australia’s No. 2 Pension Says Rates May Be High Until 2025
Australia’s second-largest pension fund said the nation’s borrowing costs could stay elevated until as late as 2025, arguing
2023-08-17 14:26
Stark UN report on devastation to Palestinian economy shows GDP fell 4% after a month of war
Stark UN report on devastation to Palestinian economy shows GDP fell 4% after a month of war
A new U.N. report paints a stark picture of the collapsing Palestinian economy after a month of war and Israel’s near-total siege of Gaza
2023-11-10 14:58
Pre-election jitters send Argentine peso to new lows
Pre-election jitters send Argentine peso to new lows
The US dollar broke through the symbolic 1,000 peso mark on Argentina's parallel market on Tuesday, as citizens scramble to dump the currency two weeks before a presidential election...
2023-10-11 00:20
The next phase of the Fed's historic inflation fight is waiting for rate cuts
The next phase of the Fed's historic inflation fight is waiting for rate cuts
The Federal Reserve has raised interest rates to their highest level in 22 years in an aggressive bid to curb inflation, and there's a chance that more rate increases may still be on tap if the economy's strength causes inflation to rebound.
2023-08-20 19:46
Australia's measures to bolster energy security hits LNG industry
Australia's measures to bolster energy security hits LNG industry
SINGAPORE The Australian government implemented a series of regulations and measures in the gas industry to meet domestic
2023-09-15 12:20
Profits for Brazil's Itau Unibanco up 14%, beat expectations
Profits for Brazil's Itau Unibanco up 14%, beat expectations
SAO PAULO (Reuters) -Brazilian lender Itau Unibanco reported a 14% increase in second-quarter net profit from a year earlier, beating
2023-08-08 06:56
Teamster members ratify deal at UPS, putting strike threat to rest
Teamster members ratify deal at UPS, putting strike threat to rest
Rank-and-file members of the Teamsters union have overwhelmingly ratified a five-year deal with UPS, putting an end to the threat of a crippling strike.
2023-08-23 04:46
Tech giants Foxconn, Nvidia announce they are building 'AI factories'
Tech giants Foxconn, Nvidia announce they are building 'AI factories'
Taiwanese tech giant Foxconn and US hardware leader Nvidia said Wednesday they would team up to create "AI factories", powerful data processing centres that would drive the manufacturing of next-generation...
2023-10-18 13:17
Finland Warns Border to Be Sealed If Russia Keeps Up Pressure
Finland Warns Border to Be Sealed If Russia Keeps Up Pressure
Finland’s government will close its one remaining crossing point with Russia if its neighbor continues with a hybrid
2023-11-24 04:20
Google targets DOJ antitrust chief with bias allegations in monopoly defense
Google targets DOJ antitrust chief with bias allegations in monopoly defense
Google went on the offensive Thursday in a closely watched antitrust case dealing with the tech giant's digital advertising dominance, questioning the motives of the Justice Department's top antitrust official.
2023-09-01 08:25