Economy
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WeWork: Shares slide as it raises ‘substantial doubt’ over future
Shares of WeWork, the once globally hyped office space sharing company, have plunged after it raised “substantial doubt” about its…
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Italian banks hit with surprise windfall tax
Italy has passed a one-off 40% tax on the profits banks earn from higher interest rates, in a shock move…
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BRICS summit, economic shift: Exploring a new currency and possible de-dollarization
Talk of developing a new BRICS currency to minimize the dominance of the US dollar is gaining momentum as leaders from Brazil,…
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New Zealand to partner with BlackRock to reach 100 pct renewable electricity
New Zealand’s government said Tuesday it will partner with US investment giant BlackRock in its aim to become one of…
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Zuckerberg ‘not holding breath’ over Musk cage fight
Meta boss Mark Zuckerberg has said he is “not holding his breath” over a proposed cage fight with rival Elon…
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Saudia launches new direct flights connecting Riyadh and Jeddah to Beijing
Saudia, the national flag carrier of Saudi Arabia, has launched new direct flights connecting Riyadh and Jeddah with Beijing, the…
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US jobs market holds steady despite rate rises
Employment in the US held steady last month, bolstering hopes that the economy will avoid a painful downturn. Employers added…
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China drops Australia barley tariffs after three years
China says it will drop its tariffs on Australian barley imports that had been in place for three years and…
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British Airways workers to get 13% pay rise
Around 24,000 staff at British Airways will get a pay rise worth more than 13% over 18 months from September,…
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OPEC+ panel keeps policy unchanged against backdrop of stronger oil market
An OPEC+ ministerial panel which met on Friday made no changes to the group’s current oil output policy after a…
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