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Eurozone inflation hits record 8.1% amid rising energy costs

Inflation in the 19 countries that use the euro currency hit a record 8.1 per cent in May amid surging energy costs prompted in...

EU wrestles with Russia oil embargo as leaders gather for summit

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...

Amazon shareholders vote against audit of warehouse working conditions

Amazon shareholders have voted down a proposal calling for an independent audit of working conditions at the e-commerce giant’s warehouses. The proposal’s defeat at the...

Airbnb pulls out of China as country remains closed to tourists

Airbnb has announced it will stop representing short-term rental properties in China as the country remains closed to tourists. The company said it will focus...

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

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

India seizes £577m from Chinese company Xiaomi

Indian authorities have seized £577 million from Chinese smartphone company Xiaomi, accusing it of breaking the country’s foreign exchange laws by making illegal remittances...

Journalists acquitted in Turkey over reports on currency crisis

A Turkish court on Friday acquitted two reporters for the US-based Bloomberg news agency who were accused of trying to undermine Turkey’s economic stability...

Inflation reaches record level in euro zone as fuel prices surge

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

Russia suspending gas supplies to Poland and Bulgaria

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...

Twitter ‘in talks with Musk to buy platform’

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,...

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