By Steven Scheer JERUSALEM -Israel’s economy grew at its fastest pace in 21 years in 2021 as consumer spending, exports and investment rebounded with double-digit gains following a pandemic-stifled 2020,…
By Mathieu Rosemain PARIS – France’s Atos aims to double its global market share in supercomputing to about 16% by around 2026, one of its executive said, stepping up European…
By Supantha Mukherjee STOCKHOLM – Shares of Ericsson fell more than 12% on Wednesday after the Swedish telecom gear maker disclosed results of an internal investigation that detailed suspect payments…
By Steven Scheer JERUSALEM – Wix.com, which helps small businesses build and operate websites, reported on Wednesday a wider fourth-quarter loss and said it could not provide estimates for 2022…
By Marc Jones LONDON – The risk of material credit rating pressures from the current tensions between Russia and Ukraine is low, Moody’s said on Wednesday, unless the situation continues…
BERLIN – Finance chiefs from the Group of 20 major economies will address international financial stability at their meeting this week and reference to the issue can be expected in…
BERLIN -Volkswagen could decide on where it will build a new electric-vehicle plant by the end of March, and plans to boost overall output in the second half of 2022…
BERLIN – Germany’s cabinet backed a tax relief package for workers and businesses on Wednesday, a government source said, aiming to mitigate the impact of the pandemic on Europe’s largest…
By Gertrude Chavez-Dreyfuss NEW YORK – Fireblocks, an infrastructure provider for cryptocurrencies, has acquired First Digital, a stablecoin and digital asset payments technology platform. Fireblocks and First Digital said on…
– The interest rate on the most popular U.S. home loan surged by the most in nearly two years last week, shooting above the 4% level for the first time…
By Huw Jones LONDON – Banks and financial advisers in Britain have called for more time to introduce a new ‘duty of care’, a landmark change in consumer protection to…
By Bartosz Dabrowski -Schindler warned of lower profit in 2022 and contraction in its China business due to construction delays and other issues after the maker of elevators and escalators…
WASHINGTON – U.S. President Joe Biden ordered his administration last year to boost the domestic economy by cracking down on what it sees as a lack of competition in sectors…
By David Milliken LONDON -British consumer prices rose at the fastest annual pace in nearly 30 years last month, intensifying the squeeze on households and reinforcing the chances that the…
By Andrius Sytas – Lithuania’s central bank has told the country’s banks to prepare for power cuts and cyberattacks as Russia’s standoff with Ukraine risks spilling over into a military…
By Selena Li HONG KONG – China’s drive for “common prosperity” to ease inequality could be a positive catalyst for the local wealth management industry, as it leads to expansion…
HANOI – South Korean electronic components manufacturer Samsung Electro-Mechanics Co Ltd will invest $920 million in a production facility in northern Vietnam, the Southeast Asian country said on Wednesday. The…
FRANKFURT – The property market is a “key vulnerability” for euro zone banks as the rise of remote working since the pandemic dents demand for offices and households take on…
By Pete Schroeder WASHINGTON -Republicans’ Tuesday boycott of a vote to advance the nomination of Sarah Bloom Raskin as the Federal Reserve’s Wall Street cop will further delay regulatory changes…
By Florence Tan SINGAPORE -Middle East benchmark Dubai crude soared to a record this week while spot premiums for April-loading Russian oil jumped to their highest in more than two…
By Philip Blenkinsop BRUSSELS -Heineken cast doubt on its mid-term profit margin target due to the uncertain impact of spiralling inflation on beer consumption, after reporting stronger than expected earnings…
KYIV – Ukraine’s largest steelmaker Metinvest BV plans to invest $1 billion this year in modernisation and new production facilities, majority owner Rinat Akhmetov said on Wednesday. “We will continue…
BERLIN – German carmaker Volkswagen expects a continued hit from a shortage of semiconductors this year, although it should be able to ramp up production in the second half of…
BRUSSELS – Euro zone industrial production was much stronger than expected in December, data showed on Wednesday, ending 2021 on a strong note despite restrictions due to the Omicron coronavirus…
By Leika Kihara TOKYO -The Bank of Japan has no plan now to change an implicit 0.25% cap set around its yield target, though a tweak in the future cannot…