BASF is to reduce annual costs by 500 million euros ($485 million) in Europe up to 2024, including job cuts, as the German chemicals group took a 740 million euro writedown linked to the Nord Stream 1 pipeline.
U.S. producer prices increased more than expected in September, but underlying goods prices were unchanged for the first time in nearly 2-1/2 years, offering some hope in the battle against inflation.
While a financial storm gathers nearby, the euro zone has so far been comparatively unscathed.
Significant volumes of unwanted Russian-origin copper have been deposited in London Metal Exchange approved warehouses in Germany, the Netherlands and Taiwan since the middle of September, two sources familiar with the matter said.
The United States faces increased uncertainty due to rapid rises in interest rates, and the Federal Reserve should adjust policy as needed as it monitors global events and the impact of its actions on the domestic economy, the OECD said on Wednesday.
Minimum wage hikes In California and New York have hit consumers where it hurts the most -- fast food.
BoE fails to reassure over emergency intervention
Russia banned Meta as the company is allegedly "discriminating" against Russian news agencies.
Iranians to rally over crackdown in Mahsa Amini's home province
The dozens of items on the public agenda of the annual meetings of the World Bank and International Monetary Fund this week include several sessions on climate change, food security, and other chronic world problems, some on inflation and trade, and attention as well to economic inclusion and digital currencies.
U.S. carriers including American Airlines Group Inc and United Airlines Holdings Inc are enjoying the strongest consumer demand in three years, but analysts and investors question how soon the good times might end as the growing risk of economic recession sparks worries about travel spending.
Philips shares fell to their lowest in a decade on Wednesday as the Dutch health tech company said supply chain problems would hit sales, and wrote down 1.3 billion euros ($1.26 billion) of the value of its sleep apnea business.
Peru attorney general files corruption complaint against president
Prince, Andy Warhol feature in Supreme Court copyright case
The U.S. is scrambling to tackle unintended consequences of its new export curbs on China's chip industry that could inadvertently harm the semiconductor supply chain, people familiar with the matter said.
Japan's Fast Retailing Co, owner of clothing brand Uniqlo, is expected to post a record annual profit on Thursday as the yen's slump has boosted the value of its overseas sales even as soaring living costs dampen prospects for retailers.
Declines in PC sales translate to lower demand for semiconductors and, therefore, lower sales for the semiconductor industry.
Moscow says inflation is easing and employment is virtually full, contradicting the predictions of a catastrophe from many financial experts.
Idled plants fuel German angst about de-industrialisation
Stocks dive, dollar rallies as dazed traders gird for inflation data
Mourners mark 20th anniversary of Indonesia's Bali bombings
'What have they done?' Flip side of Turkey's dental boom
'Who you voting for?' Dating apps get political in Brazil
US proposes redefining when gig workers are employees
World Bank President David Malpass defended the institution's commitment to tackling climate change on Tuesday, telling civil society groups that have criticized his leadership on the issue that the bank is focused on global warming.
Meta released "Meta Quest Pro" -- its newest and most advanced virtual reality headset.
Meta unveils new virtual reality headset Quest Pro
A railroad workers union rejected an agreement with freight carriers Monday, a move that could precede another strike.
U.S. stocks ended Tuesday mixed after a choppy trading session ahead of this week's release of key economic data.
'Murder, She Wrote' star Angela Lansbury dies aged 96