International Business

Russian central bank jacks up rates to 12%

U.S. economy will ‘struggle’ to avoid recession early next year, Wells Fargo Investment Institute says

Fitch reportedly warns it may be forced to downgrade multiple U.S. banks, including JPMorgan

U.S. retail sales rose solidly in July in sign that consumers are still spending freely

Stolen FTX funds used for political donations, U.S. says

Texas sues Shell over May fire at Houston-area petrochemical plant

Global wealth projected to rise 38% by 2027, despite recent decline: study

Tesla launches cheaper Model S, X versions in U.S. with shorter driving ranges

Britain’s basic wage growth hits record, adding to Bank of England’s concerns

Russia’s central bank hikes key interest rate to 12% in bid to support battered ruble

Crypto exchange Binance files for protective court order against U.S. SEC

Home Depot rides on smaller remodelling projects to top quarterly sales, profit estimates

Oil drops over 1% on worries about Chinese economy

As China’s economy wobbles, Beijing stops publishing data on ballooning youth unemployment

UBS to pay US$1.43-billion to settle civil action alleging fraud over residential mortgage-backed securities

FTX founder Sam Bankman-Fried heads to Brooklyn jail notorious for poor conditions

Record number of foreign tourists visited Portugal in first half of 2023

Contagion fears spread as China’s property sector cash crunch intensifies

AMC shares slide, preferred units climb after conversion settlement

Kraft Heinz CEO Miguel Patricio to step down; Carlos Abrams-Rivera named as successor

Russian ruble hits its lowest level since early weeks of the war in Ukraine

Amazon is rolling out a generative AI feature that summarizes product reviews

Apple supplier Foxconn cautious despite topping estimates for second-quarter earnings

Argentina devalues peso, raises rates after far-right populist wins primary election

Adani shares fall as India’s market regulator seeks more time for probe into conglomerate’s dealings

Russia to reportedly deliver S-400 air defence systems to India on schedule

Yellen warns of risks of overconcentration of clean energy supply chains

Oil dips further as China worries counter supply cuts

SoftBank in talks to buy Vision Fund’s 25 per cent stake in Arm, sources say

Saudi Arabia’s Ma’aden profit sinks 91% on lower prices, higher costs

Waymo, Cruise approved to operate robotaxis day and night after contentious vote

Nigeria central bank reveals US$7.5-billion loan from JP Morgan, Goldman Sachs

Chrysler parent Stellantis criticizes UAW demands in labor talks

Unifor kicks off contract talks with Detroit Three

Wholesale inflation in U.S. edged up in July from low levels

U.S. Energy Department announces largest-ever investment in ‘carbon removal’

ChatGPT fever spreads to U.S. workplace, sounding alarm for some

Australia regulator clears way for strike vote at Chevron LNG plants

FTX founder Sam Bankman-Fried jailed in New York; judge says crypto mogul tampered with witnesses

China revised down March exports by unexpectedly large margin, economists say

China’s Huawei reports small revenue bump on back of core businesses

Oil prices could rise further this year, but 2024 demand to slow sharply, IEA says