Financial News

LISBON -Ryanair expects average air fares during this year’s summer peak season to be significantly higher than pre-COVID ticket prices in the same period in 2019, Group Chief Executive Michael …

By Arriana McLymore and Siddharth Cavale NEW YORK, NY – When Walmart on Thursday reports how it fared during the holiday quarter, investors also will want to see how higher …

By Stephen Jewkes MILAN – Italy’s Saipem is set to take a more cautious approach to new green business after delays to a wind farm project helped to tip the …

By Darya Korsunskaya and Andrey Ostroukh MOSCOW -Possible western sanctions against Russian banks will lead to a spike in market volatility but Russia will be able to withstand restrictions thanks …

By Joyce Lee SEOUL – Unionised workers of Samsung Electronics have threatened what would be an unprecedented strike at the tech giant if their demands for higher pay and better …

SAO PAULO – Embraer SA’s electric aircraft subsidiary Eve has received orders from Australian charter firms Aviair, HeliSpirit and Microflite for up to 90 electric vertical take-off and landing aircraft …

LONDON – Britain’s inflation rate hit its highest since March 1992 in January when it rose to 5.5% and is expected to extend its climb to above 7% in April, …

By Gabriela Baczynska BRUSSELS – The European Union’s top court on Wednesday cleared the way to cut billions of euros of funds to Poland and Hungary, whose populist rulers the …

– Oil and gas producer Crescent Energy said on Wednesday it would buy around 145,000 net acres of oil- and gas-producing assets in the Uinta Basin of Utah from privately …

-Hilton Worldwide Holdings Inc topped analyst estimates for quarterly profit and revenue on Wednesday, as higher vaccinations and a rebound in travel demand during the holiday period boosted occupancy rates …

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 …