BUSINESS

Surging energy prices pushed Spanish inflation to a peak of just under 10% in March, the highest in the euro area and nearly double the 5.3% in neighbouring Portugal - despite the fact the two Iberian economies share a wholesale electricity market.

The world will not be left short of oil even with lower output from sanctions-hit Russia, the International Energy Agency (IEA) said on Thursday, after it cut its predictions for supply losses from the world's No.2 exporter for the second straight month.

Nissan reports first full-year net profit in three years

Russians fleeing Putin face lukewarm welcome in France

Major Canadian pension fund Ontario Teachers' Pension Plan has agreed to invest up to $1 billion in a new offshore wind business launched by Australia's Macquarie Group Ltd to develop projects around the world, the companies told Reuters on Thursday.

Palestinians honour slain journalist, reject joint probe

Tourism recovering, but not back to pre-pandemic levels

JD Technology, the fintech arm of Chinese e-commerce company JD.Com, has been forced to delay an up to $2 billion Hong Kong IPO because domestic regulatory approval for the listing has not been forthcoming, said four people with knowledge of the matter.

Nissan Motor Co expects flat operating profit this fiscal year, far below analysts' expectations, as Japan's third-biggest carmaker grapples with a global chip shortage, rising material costs and China's COVID restrictions.

UK recession risk gathers pace as economy shrinks in March

SoftBank reports record loss as tech shares tank

Britain's economy unexpectedly shrank 0.1% in March after a slump in car sales due to supply-chain problems, marking a weak end to the first quarter of a year when the risk of recession is looming.

Apple supplier Foxconn warned that current-quarter revenue for its electronics business including smartphones could slip as growth slowed amid rising inflation, cooling demand and escalating supply chain issues partly due to lockdowns in China.

Apple supplier Foxconn warned that current-quarter revenue for its electronics business including smartphones could slip as growth slowed amid rising inflation and cooling demand in locked-down China, as well as escalating supply chain issues.

Apple Inc supplier Foxconn reported a largely in line 5% rise in first-quarter profit as chip shortages, supply chain issues and slow spending for electronics amid COVID-19 lockdowns in China curbed demand.

Japan's SoftBank Group Corp reported a record $26.2 billion loss at its Vision Fund investment arm on Thursday, as rising interest rates and political instability have whiplashed high-growth tech stocks.

SoftBank Group Corp reported on Thursday a record loss of $26.2 billion at its Vision Fund unit as the value of its tech portfolio slid.

Japan's SoftBank Group Corp reported a record $26.2 billion loss at its Vision Fund investment arm on Thursday, as rising interest rates and political instability whiplashed high-growth tech stocks.

SoftBank Group Corp reported on Thursday a net loss of 1.7 trillion yen ($13.12 billion) for the year ended in March as the tech investor faces a sliding tech portfolio.

SoftBank Group Corp reported on Thursday a record loss of $26.2 billion at its Vision Fund unit as the tech conglomerate's portfolio was caught in a storm of rising interest rates and political instability.

Japan's SoftBank Group Corp reported a record $26.2 billion loss at its Vision Fund investment arm on Thursday, as rising interest rates and political instability have whiplashed high-growth tech stocks.

California ban on selling semi-automatic guns to young adults overturned

The Bank of Japan is dropping hints the recent rise in inflation may prove longer-lasting and driven by solid demand, a sign global price pressures are prodding even the world's most dovish central bank to think about a more neutral policy stance.

Chinese smartphone giant Xiaomi Corp faces legal headaches in India as a federal financial crime-fighting agency and tax authorities investigate its business practices.

Allianz, which has already stopped accepting new business in Russia, will probably fully exit the country, the German insurer's finance chief said on Thursday.

Germany's Merck KGaA said it expects earnings growth of up to 9% this year, mainly driven by drugmakers' demand for its laboratory gear business, but flagged risks related to lockdown measures in China.

Arc Minerals shares jumped 6.7% on Thursday after it announced an agreement under which Anglo American would take majority control of the junior exploration firm's Zambia copper-cobalt licences.

Anglo American has agreed a deal to take majority control of Arc Minerals' Zambia copper-cobalt exploration licences, a source with direct knowledge of the matter said, which is Anglo's first investment in Zambia in 20 years.

Siemens will quit the Russian market due to the war in Ukraine, it said on Thursday, taking a 600 million euro ($630 million) hit to its business during the second quarter, with more costs to come.