Category: Business

Norway has become the first major developed economy to lift interest rates as growth rebounds following a pandemic that unleashed extraordinary stimulus across the globe. 1/ NORWAY In addition to Thursday’s 25 basis point rate hike to 0.25%, Norway’s central bank forecasts four more hikes by end-2022. That makes Norges Bank the most aggressive of […]

Alphabet (GOOGL.O) unit Google is seeking to settle an EU antitrust investigation into its digital advertising business, a person familiar with the matter said, a move that could help it stave off a disruptive, lengthy probe and a possible hefty fine. EU antitrust cases have cost Google more than 8 billion euros ($9.4 billion) in […]

Jubilant South African Airways (SAA) staff at the country’s biggest airport broke into song and dance on Thursday as the airline took to the skies for the first time in around a year. It restarted domestic flights from Johannesburg to Cape Town on Thursday and next week will launch a slimmed-down international service to five […]

JPMorgan Chase & Co (JPM.N) agreed to pay $15.7 million in cash to settle a class action lawsuit by investors who accused the largest U.S. bank of intentionally manipulating prices of U.S. Treasury futures and options. The settlement disclosed late Wednesday night stemmed from sprawling U.S. government investigations into illegal trading in futures and precious […]

In its bid for IMF support, Lebanon must address a question it has evaded since the economy imploded two years ago: how should it distribute the huge losses caused by its financial collapse? Till now, the answer has been brutally simple: ordinary Lebanese have paid the price as they watched savings evaporate, the currency crumble […]

Shares of Remitly Inc (RELY.O) opened more than 23% above their initial public offering (IPO) price in their Nasdaq debut on Thursday, giving the remittance processor a market capitalization of roughly $8.5 billion. The listing comes amid a fertile market for newly issued shares, particularly those of tech companies, which led to recent strong debuts […]

French fashion company SMCP (SMCP.PA), whose brands include Sandro and Maje, said on Thursday that a unit of its majority shareholder failed to meet a debt obligation, which could open the door to a change in ownership of the retailer. SMCP shares closed up 8.6% on speculation of it changing hands. European TopSoho, a unit […]