Renowned infrastructure investor joins metrofibre
Renowned infrastructure fund manager DIF Capital Partners has acquired a majority stake in metrofibre. The investment of the renowned financial investor in the fibre optic project developer metrofibre is a clear commitment and the starting signal for the roll-out of the successful ruhrfibre model to other cities. Intensive talks with other cities are already underway.
Wirecard Scandal Unravels, EY Faces Scrutiny for Gullibility in Audit
The Wirecard scandal is a cautionary tale for the financial world, shedding light on the potential consequences of lax oversight and reliance on fabricated documents. As investigations continue, the role of auditors, in this case, EY, has come under scrutiny. The fallout from Wirecard’s collapse is a stark reminder of the importance of robust auditing practices and stringent checks to safeguard against fraud and deception in the corporate world.
ECB to slow rate hikes and lay out plans to drain cash
The European Central Bank is set to raise interest rates for the fourth time in a row on Thursday, although by less than at its last two meetings, and lay out plans to drain cash from the financial system as it fights runaway inflation.
Shares dip, dollar strengthens as markets eye U.S. inflation data
Shares dipped slightly and the dollar firmed on Thursday, ahead of U.S. inflation data that will influence the Federal Reserve’s rate plans, while the likely collapse of a major digital asset exchange rattled crypto investors.
Kanye West to buy social media app Parler
American rapper Kanye West, who now goes by Ye, has proposed to buy Parler, the social media platform popular among U.S. conservatives, parent Parlement Technologies said on Monday.
Morning Bid: Oil and jobs
World markets calmed a bit on Wednesday after a tumultuous couple of weeks – but a focus on energy prices and U.S. employment promised more tension ahead.
Oil falls more than 1.5% on demand fears and strong dollar
Oil fell by more than 1.5% on Monday, pressured by expectations of weaker global demand and by U.S. dollar strength ahead of possible large increases to interest rates, though supply worries limited the decline.
Gas price surge, recession fears weigh on European shares
European shares slipped on Tuesday as investors fretted about soaring energy prices and a weak economic outlook after data showed business activity in the region contracted this month.
Trade war with China could cost Germany six times as much as Brexit, study says
Germany would face costs almost six times as high as Brexit if it and the European Union were to shut China out of their economies, the Ifo institute said on Monday, citing the results of a study.
ECB to join rate hike club with big move under discussion
The European Central Bank will raise interest rates for the first time in 11 years on Thursday with a bigger-than-flagged move seen as increasingly likely as policymakers fear losing control of runaway consumer price growth.
