WHO says it is not yet clear if Omicron causes more severe disease

The World Health Organization (WHO) said on Sunday that it is not yet clear if the new Omicron coronavirus variant is more transmissible compared to other SARS-CoV-2 variants or if it causes more severe disease.

Japan Oct retail sales boosted by fuel-price spike, broad trend still soft

Japan’s retail sales rose for the first time in three months in October, though less than expected, and the underlying private consumption trend pointed to persistent strains on a fragile economic recovery despite an easing of COVID-19 curbs.

EXCLUSIVE Europe’s telcos want U.S. tech giants to help fund network costs

U.S. tech giants should bear some of the costs of developing Europe’s telecoms networks because they use them so heavily, chief executives of Deutsche Telekom (DTEGn.DE), Vodafone (VOD.L) and 11 other major European telecoms companies said on Monday.

Leadership shake-up to test Mexican central bank as inflation soars

Mexican President Andres Manuel Lopez Obrador’s surprise shakeup of the nomination process for the Bank of Mexico’s (Banxico) next chief has cast doubt over the bank’s rate-tightening cycle as it battles to keep high inflation in check.

Nokia to team up with YADRO to build 4G, 5G base stations in Russia

Nokia (NOKIA.HE) and Russia’s YADRO plan to set up a joint venture to build 4G and 5G telecom base stations in Russia, the two equipment makers said on Wednesday, as a deadline for building networks using only Russian equipment approaches.

Italy’s Enel cranks up spending to become carbon-free by 2040

Europe’s biggest utility Enel (ENEI.MI) will spend 170 billion euros ($191.2 billion) to 2030 and will seek to draw in additional funds from partners and others for its projects as it brings forward plans to become a carbon-free company by 2040.

Asian shares on edge as U.S. bond yields rise, oil volatile

Share markets were jittery in early Asia on Wednesday as trading was buffeted by a step-up in U.S. Treasury yields as well as volatile oil prices in the face of price-cooling moves by the United States and other nations.

EXCLUSIVE Major Toshiba shareholder objects to break-up, urges board to solicit offers

Toshiba Corp’s (6502.T) second-largest shareholder on Wednesday objected to the Japanese conglomerate’s plan to split itself into three companies and called on it to instead solicit offers from potential buyers.

Innovation is the new component in the banking and finance world: Sohar International has mastered the craft of innovation!

The term “innovation” is used in many contexts, but in the expanding…

Analysis: U.S. wants more oil, but OPEC+ can’t turn on the tap much harder

U.S. pressure on OPEC+ to pump more oil and cool red-hot crude prices has shone a spotlight on a relatively new problem for the producer group: it doesn’t have much extra capacity to hike output faster, even if it wanted to.