Economy & Business
Musk begins his Twitter ownership with firings, declares the ‘bird is freed’
Elon Musk has taken ownership of Twitter Inc (TWTR.N) with brutal efficiency, firing top executives but providing little clarity over how he will achieve ...France begins nationwide strike amid soaring inflation
French trade unions began a nationwide strike on Tuesday, asking for higher salaries amid decades-high inflation and posing President Emmanuel Macron one ...Energy crisis sires new European order: a strong Italy and ailing Germany
In the weeks after Russia’s invasion of Ukraine on Feb. 24, Claudio Descalzi, CEO of Italian energy major Eni (ENI.MI), embarked on a ...Gas leaks in Russian pipelines to Europe trigger sabotage probe
Europe was investigating major leaks in two Russian pipelines that spewed gas into the Baltic Sea on Tuesday as Sweden launched a ...Sterling plunges to all-time low in scathing appraisal of fiscal plan
Sterling tumbled nearly 5% to an all-time low on Monday as investors ran for the exits after the new government’s fiscal plan ...Fraudsters likely stole $45.6 billion from U.S. COVID unemployment insurance program
Fraudsters likely stole $45.6 billion from the United States’ unemployment insurance program during the COVID-19 pandemic by applying tactics like using Social ...Europe’s vegetable farmers warn of shortages as energy crisis bites
Emmanuel Lefebvre produces thousands of tonnes of endives on his farm in northern France annually, but this year he may abandon his ...Germany takes control of Russian-owned refinery
The German subsidiary of Russian oil giant Rosneft (ROSN.MM) was placed under trusteeship on Friday, giving Germany’s federal regulator control of the PCK refinery ...EU lawmakers raise pressure to cut funds for Hungary over graft woes
A large majority of European Union lawmakers voted on Thursday to condemn damage to democracy in Hungary under veteran Prime Minister Viktor ...Singapore outlines financial services overhaul with eye on green finance boom
Singapore announced plans on Thursday to overhaul its financial services industry by 2025 in a bid to cement its position in a ...
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