covid-19

China’s largest banks signal tough times ahead

Five of China's largest banks have said the country's lenders face multiple headwinds this year that include the pandemic, global…

4 years ago

EU’s Vestager says no antitrust concerns yet about cloud computing

Cloud computing, in which Amazon (AMZN.O) and Microsoft (MSFT.O) are the biggest players followed by Alphabet's (GOOGL.O) Google, doesn't pose competition concerns yet because of Europe's…

4 years ago

World Bank approves $830 mln in loans to Colombia

Colombia will receive two loans totalling $830 million from the World Bank to fund COVID-19 pandemic recovery and education efforts,…

4 years ago

Bank of England raises rates to 0.75%, less sure about future moves

The Bank of England raised interest rates on Thursday for a third meeting running, as expected, but softened its language…

4 years ago

Oil surges amid warnings of supply shortages

Oil prices climbed 6% on Thursday after the International Energy Agency (IEA) said three million barrels a day (bpd) of…

4 years ago

Analysis: BOJ has little room to move as Ukraine clouds recovery, prices soar

The crisis in Ukraine is giving the Bank of Japan a headache not facing other major central banks, forcing it…

4 years ago

Analysis: Ukraine invasion sets back Musk’s dream for cheaper EVs, for now

Surging raw materials costs, made worse by Russia's invasion of Ukraine, could set back the dream of Tesla (TSLA.O) Chief Executive Elon…

4 years ago

Bank of Italy says it is ending COVID-related relief measures for banks

The Bank of Italy said on Tuesday it would remove a number of relief measures on banking requirements that had…

4 years ago

Bank of Ireland posts highest profit in more than a decade

Bank of Ireland (BIRG.I) on Monday posted its biggest annual profit since the global financial crisis more than a decade ago and…

4 years ago

Analysis: Russia’s economic defences likely to crumble over time under sanctions onslaught

Russia has spent the past seven years building up formidable financial defences, yet in the long run, its economy is…

4 years ago
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