Egypt hikes interest rates by 600 basis points, pound crumbles to record low
Egypt’s pound hit a record low against the dollar on Wednesday after its central bank hiked interest rates by 600…
HSBC posts record annual profit but misses estimates on China write-down, shares tumble 7%
HSBC‘s full-year 2023 pretax profit missed analysts’ estimates on Wednesday, hit by impairment costs linked to the lender’s stake in…
European Union is considering sanctions on Chinese firms for aiding Russia’s war machine
The European Union is looking to sanction Chinese firms that it believes have helped Russia circumvent Western penalties, looking to…
Police arrest pro-Palestine protestors for ‘locking on’ plot to shut down the London Stock Exchange
London police on Sunday arrested six pro-Palestine activists for alleged plans to lock themselves to the doors of the London…
UAE defies fintech slowdown with a 92% jump in funding — against a global plunge of 48%
The fintech industry saw more pain in 2023, with overall investment falling by half as higher interest rates and worsening…
SoftBank-backed metaverse firm Improbable sells a key gaming venture for $97 million
Metaverse company Improbable has sold one of its key gaming ventures to London-listed video game developer Keywords Studios for £76.5…
‘Excess profits’ at big energy and consumer companies pushed up inflation, report claims
LONDON — Major companies in the energy and food sectors amplified inflation in 2022 by passing on greater cost increases…
Russian spies targeting politicians with ‘malicious’ cyber campaign to undermine democracy, UK says
LONDON — The U.K. on Thursday accused Russia of conducting a years-long “campaign of malicious cyber activity” against politicians, civil…
UK PM Rishi Sunak seeks to prevent right-wing revolt with ‘toughest immigration law ever’
LONDON — U.K. Prime Minister Rishi Sunak said Thursday that a forthcoming vote on whether illegal migrants can be deported to Rwanda would not…
Manchester United set to confirm 25% stake sale to petrochemicals billionaire Ratcliffe: Report
LONDON — Manchester United will next week announce that British petrochemicals billionaire Jim Ratcliffe will take a 25% stake in…
