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MARKETS

MARKETS

US inflation hit a new 40-year high last month of 8.6%

Digital Desk -
The prices of petrol, food and most other goods and services in the US jumped in May, raising US inflation to a new four-decade...
ECONOMY

EU wrestles with Russia oil embargo as leaders gather for summit

Digital Desk -
European Union leaders are gathering in a new show of solidarity with Ukraine. However, divisions over whether to target Russian oil in a new series...
MARKETS

Quitting Russian oil by late summer ‘realistic’, says Germany

Digital Desk -
Germany has said it is making progress on weaning itself off Russian fossil fuels and expects to be fully independent of Russian crude oil...
BUSINESS

Inflation reaches record level in euro zone as fuel prices surge

Digital Desk -
Inflation hit a new record in the euro zone as skyrocketing fuel prices boosted by the war in Ukraine add new burdens to household...
BUSINESS

Russia suspending gas supplies to Poland and Bulgaria

Digital Desk -
Officials in Poland and Bulgaria say Russia is suspending their countries’ natural gas deliveries starting on Wednesday. The governments of the two European countries said...
MARKETS

Twitter ‘in talks with Musk to buy platform’

Digital Desk -
Twitter’s board and Tesla chief executive Elon Musk negotiated into the early hours of Monday over his bid to buy the social media platform,...
MARKETS

German industry and unions oppose EU ban on natural gas from Russia

Digital Desk -
Germany’s employers and unions have joined together in opposing an immediate European Union ban on natural gas imports from Russia over its invasion of...
MARKETS

Elon Musk gives $5.7bn in Tesla stock to charity

Digital Desk -
Tesla chief executive Elon Musk donated about 5 million shares of company stock worth roughly $5.7 billion dollars (€5 billion) to an unidentified charity...
MARKETS

Facebook owner suffers 26% plunge in share price

Digital Desk -
A historic plunge in the stock price of Facebook’s parent company has helped yank other tech stocks lower on Wall Street, abruptly ending a...
BUSINESS

US stocks slide after Fed signals interest rates will rise ‘soon’

Digital Desk -
An early market rally on Wall Street gave way to a broad slide for stocks and a surge in bond yields after the Federal...
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