Business
Latest stories
Oil Prices Jump over Kazakhstan Unrest, Uranium Less Affected

Unrest in OPEC+ member Kazakhstan has pushed up oil prices as investors fear supply interruptions, but the uranium market appears less affected despite the Central Asian country being the world's second largest producer.

W140 Full Story
Chinese Anti-Virus Lockdowns Add to Concerns over Economy

China's lockdowns of big cities to fight coronavirus outbreaks are prompting concern about more disruptions to global industries after two makers of processor chips said their factories were affected.

That has added to unease about the omicron variant's global economic impact. Analysts warn Vietnam, Thailand and other countries important to manufacturing chains might impose anti-disease measures that would delay deliveries.

W140 Full Story
Inflation Hits Record of 5% in 19 Countries Using the Euro

Consumer prices in the 19 countries that use the euro currency soared at a record rate, led by a surge in food and energy costs, figures showed Friday.

Inflation rose to 5% in December compared with a year earlier, according to Eurostat, the European Union's statistical office. That is the highest level in the eurozone since recordkeeping began in 1997, breaking the record of 4.9% only just set in November.

W140 Full Story
Ryanair to Close Base at Germany's Frankfurt Airport

Budget airline Ryanair said Friday that it plans to stop serving Frankfurt Airport, Germany's busiest, at the end of March. and close its base there.

Ryanair said it is closing its base in Frankfurt and reallocating its five planes there to other airports that "have responded with lower airport charges to stimulate traffic recovery."

W140 Full Story
Markets Struggle ahead of Vital U.S. Jobs Report

Global stock markets wavered Friday as dealers awaited vital U.S. jobs data and mulled the Federal Reserve's readiness to hike interest rates aggressively.

W140 Full Story
German Car Sales Hit Post-Reunification Low in 2021

Car sales in Germany tumbled to their lowest level since reunification in 2021, official figures published Wednesday showed, following a significant pandemic-related fall in 2020.

W140 Full Story
European Equities Extend Gains as Omicron Fears Fade

Europe's major stock markets advanced Wednesday as investors drew strength from easing Omicron virus concerns and shrugged off a mixed performance on Wall Street and in Asia.

W140 Full Story
Wall Street Opens Cautiously ahead of Fed Minutes

U.S. stocks were mixed in early trading Wednesday as traders awaited the minutes of the latest Federal Reserve meeting that could signal when the central bank is likely to hike interest rates.

W140 Full Story
U.S. Private Hiring Surged to 807,000 in December

Hiring in the United States surged in December, with private companies adding 807,000 workers, particularly in the service sector, payroll services firm ADP reported Wednesday.

W140 Full Story
Lebanese Lira Hits Record Low of 30,000 to a Dollar

Lebanon's currency hit a new low Tuesday reaching 20 times its value on the black market since the economic meltdown began in late 2019 and likely throwing more people into poverty.

The pound was trading at 30,000 to 1 U.S. dollar on the black market as the economic crisis continues with no solution expected in the near future.

W140 Full Story