BUSINESS

Map showing location of the Nordstream blasts

One Year On, Nord Stream Sabotage Remains A Mystery

The September 26, 2022 explosions that damaged the Nord Stream pipelines cut off a major route for Russian gas exports to Europe and fuelled geopolitical tensions already running high over Moscow's invasion of Ukraine.

Recycling Plastic Not Enough, Warns UN Environment Chief

Inger Andersen, Under-Secretary-General of the United Nations and Executive Director of the UN Environment Programme, speaks during an interview at UN headquarters in New York City on September 21, 2023
With the production of plastic on the rise worldwide and creating ever more pollution, the UN environment chief warned that humanity cannot just recycle its way out of the mess, and she called for a total rethink about the way we use plastics.
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US Treasury Secretary Janet Yellen shakes hands with Chinese Vice Premier He Lifeng during a July 2023 meeting in Beijing

US, China Announce New Economic Working Groups

The United States and China on Friday announced two new working groups on economic and financial policy, in the latest effort to stabilize fraught relations between the world's biggest economies.
The European Union's antitrust enforcer said Intel had 'engaged in a series of anticompetitive practices'

EU Reduces Record Intel Antitrust Fine To 376 Mn Euros

The European Commission slapped a new fine of 376 million euros ($400 million) on US chipmaker Intel on Friday after an EU court annulled a previous record penalty for abusing its dominance in the computer chip market.
Microsoft's bid for Activision Blizzard has faced intense scrutiny from regulator

Microsoft Nears Takeover Of 'Call Of Duty' Maker

Xbox-owner Microsoft has closed in on its $69-billion takeover of "Call of Duty" video-game maker Activision Blizzard after the UK said Friday that a revamped deal addressed regulatory concerns.
The share of Chinese electric car brands in Europe is small, reaching 6.1 percent between January and July this year

EU Seeks To Put Brakes On China Without Hurting Ties

When the EU launched an investigation into Chinese electric car subsidies, Brussels wanted the world to know that it will protect the automotive sector that is the jewel in Europe's industrial crown, even if it upsets Beijing.
Zelensky is facing 'questions' from sceptics in Washington

Diplomatic Challenges Multiply For Zelensky

President Volodymyr Zelensky, who once enjoyed enthusiastic support from his allies in the defence of Ukraine, is encountering more diplomatic setbacks than at any point since Russia's 2022 invasion.
Traders are now awaiting a Bank of Japan policy decision at the end of the week, with speculation that it is considering moving away from its ultra-loose monetary policy

Equities Slide After Fed Hike Hint, Before BoE

The Fed's much-anticipated meeting finished Wednesday with borrowing costs held at a two-decade high -- as expected -- but the board's "dot plot" guide to future rates pointed to another lift and just two cuts next year, instead of the four previously anticipated.
The Bank of England must decide whether to hike rates again or keep them unchanged following a surprise drop in UK inflation

Bank Of England Faces Rate-hike Dilemma

The Bank of England is expected to raise its key interest rate for a 15th straight time Thursday but the possibility of a pause has surfaced after a surprise dip in UK inflation.
Ukrainian President Volodymyr Zelensky speaks with Polish Prime Minister Mateusz Morawiecki during a wreath-laying ceremony at Warsaw's Tomb of the Unknown Soldier in April 2023

Poland No Longer Arming Ukraine: Polish PM

Poland said Wednesday it will no longer arm Ukraine and instead focus on its own defense, as the two allies clashed at a key moment in Kyiv's fightback against invasion by Russia.
The welcome was friendly without being euphoric

'Big Shoes To Fill': Paris Crowd Greets Charles III

As thousands lined the famed Champs-Elysees to catch a glimpse of Charles III on Wednesday, many said they wondered how the king would follow in the footsteps of his mother, Queen Elizabeth, who was much loved in France.

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