BUSINESS

Egypt's currency plunges almost 17% against greenback

The Russia-Ukraine conflict puts China in a unique position to win or lose big.

Consumer prices in the world's largest economy have surged to the highest seen in four decades, and the Fed last week raised the benchmark lending rate for the first time since the Covid-19 pandemic began to try to tamp down inflation pressures.

Mexico City's new international airport opens with few flights

Alphabet Inc's Google has settled with six current and former employees who had alleged the company unfairly stifled worker organizing in a case stemming from potential sales of its cloud technology to U.S.

Warhol's Marilyn Monroe portrait estimated to fetch $200 mn at auction

Indian lenders are set to initiate debt recovery proceedings against Future Retail this week to safeguard their interests after rival Reliance unexpectedly took over some of the retailer's stores, two bankers told Reuters.

Italy is ready to fund as much as 40% of Intel's total investment to build a chip packaging and assembly plant in the country, worth an initial $5 billion but which is expected to rise over time, two sources familiar with the matter said.

Italian luxury sports car brand Lamborghini can easily make up for lost sales from its decision to suspend business in Russia following Moscow's invasion of Ukraine, Chief Executive Stephan Winkelmann said on Monday.

Ford's CEO Jim Farley confirmed the estimated EPA driving range on the F-150 Lightning just days after a window stick for the electric truck was leaked online.

The U.S. central bank must move "expeditiously" to bring too-high inflation to heel, Federal Reserve Chair Jerome Powell said on Monday, adding that it could use bigger-than-usual interest rate hikes if needed to do so.

The Czech central bank is likely to raise interest rates again on March 31 and may discuss more use of foreign exchange interventions, board member Tomas Holub said on Monday, adding he does not favour buying crowns to help bring down inflation.

General Motors Co President Mark Reuss said Monday the automaker is confident in its 2022 outlook and its plans to accelerate the launch of a new Cadillac electric vehicle, despite intensifying global supply chain risks.

Russia bans Instagram and Facebook as 'extremist'

Volkswagen AG plans to invest $7.1 billion over the next five years in North America and add 25 new electric vehicles there by 2030, a top executive said on Monday.

Volkswagen AG plans to invest at least $7.1 billion over the next five years in North America and add 25 new electric vehicles there by 2030, including a recreation of VW's classic Microbus, a top executive said on Monday.

Picketers marching at the gates of a large Chevron Corp oil refinery outside of San Francisco said on Monday they could endure a lengthy walkout to press claims for a new labor contract.

Boeing shares dove early Monday following the fatal crash of one of its jets in China, where the US aviation giant was poised to soon resume deliveries of the 737 MAX.

The Jergens lotion may contain a bacterium known as Pluralibacter gergoviae, which could cause an infection in those with weakened immune systems.

The acquisition of Alleghany represents Warren Buffett's first major deal in two years after struggling to find a big acquisition.

Europe's second-highest court will rule on Sept. 14 on Alphabet unit Google's challenge against a record 4.34 billion euros ($4.8 billion) EU antitrust fine levied for using its Android mobile operating system to squeeze out rivals.

Hong Kong Monetary Authority (HKMA) has decided to replace State Street Corp unit State Street Global Advisors (SSGA) as manager of the HK$111 billion ($14.2 billion) Tracker Fund of Hong Kong (TraHK), two sources told Reuters.

The Federal Reserve's announcement of interest rate increases is a game-changer for Wall Street investors.

McDonald's fans can get up to five free Szechuan sauces with their Chicken McNuggets order in the McDonald’s App.

The Facebook co-founder was estimated to be worth around $128 billion by the end of last year, but this figure has dropped to $81.9 billion in less than three months.

Philippines allows foreign ownership of telcos, airlines

Atlanta Federal Reserve Bank President Raphael Bostic said Monday he has penciled in a total of six interest rate hikes this year and two for 2023, fewer than most of his colleagues as he worries about the effects of Russia's invasion of Ukraine on the U.S.

Atlanta Federal Reserve Bank President Raphael Bostic said Monday he has penciled in a total of six interest rate hikes this year and two for 2023, fewer than most of his colleagues as he worries about the effects of Russia's invasion of Ukraine on the U.S.

ASEAN special envoy meets Myanmar junta chief