businesspick

Norway’s sovereign wealth fund, the world’s largest, made a record loss of 1.68 trillion Norwegian crowns ($174 billion) in the first half of 2022 as stocks and bonds were hit…

Western companies with iconic brands like Coca-Cola that exit Russia face years of battling knockoffs and unauthorized imports clamoring to fill the void they leave behind, a risky bid as…

PEBEC proposes $750m World Bank-backed program for sub-nationals starting next year State Governments and their agencies have a significant role to play in ensuring an enabling environment for businesses to…

The US Federal Reserve on Tuesday issued additional guidance for banks considering activities involving cryptocurrencies, emphasizing that firms must notify the Fed beforehand and make sure whatever they do is…

Russian stocks slipped from multi-week highs on Wednesday and the rouble turned lower against the dollar and euro, as falling oil prices outweighed the effect of upcoming tax payments that…

German utility Uniper, which secured a 15 billion euro state bailout last month, reported a net loss of 12.3 billion euros ($12.5 billion) for the first half, mainly due to…

American Airlines Group Inc (AAL.O) on Tuesday agreed to buy up to 20 jets from aircraft maker Boom Supersonic, becoming the second major US airline to bet on ultra-fast passenger…

A sharp rebound in Israel’s economic activity and a jump in annual inflation have made a 0.75-point interest rate increase more likely next week, analysts said on Tuesday. The central…

European gas prices surged Tuesday to a six-month peak, exacerbating recession fears as the region faces the prospect of rationing following cuts to Russia supplies amid the war in Ukraine.…

Authentic Brands Group, the US owner of sports clothes marque Reebok and leisure wear maker Juicy Couture, has agreed to buy struggling British fashion group Ted Baker, the pair announced…