businesspick

Malaysia Airlines is poised to announce a deal next Monday to acquire 20 Airbus (AIR.PA) A330neo wide-body jets, industry sources said on Wednesday. Chief Executive Izham Ismail said in June…

Expectations for activity in Britain’s housing market have dried up quickly thanks to a worsening economic outlook and rising interest rates, an industry survey showed on Thursday. The Royal Institution…

Elon Musk has sold nearly $7 billion worth of Tesla shares, according to legal filings, amid a high-stakes court battle with Twitter over a $44 billion buyout deal. The billionaire…

Germany will offer tax relief worth 10 billion euros to help workers cope with soaring inflation, Finance Minister Christian Lindner said Wednesday. The package will raise base tax-free allowance as…

Indian companies are using Asian currencies more often to pay for Russian coal imports, according to customs documents and industry sources, avoiding the US dollar and cutting the risk of…

The Nigerian Railway Corporation (NRC) says it has reduced the number of trips on the Lagos-Ibadan train service due to the hike in the price of automotive gas oil, better…

Oil prices settled slightly lower on Tuesday after a see-saw session as worries that a slowing economy could cut demand vied with news that some oil exports had been suspended…

Dubai’s biggest bank Emirates NBD (ENBD.DU) has given most employees a pay rise of up to 8 per cent to help cushion against rising costs of living driven by inflation,…

Egypt’s annual urban consumer inflation accelerated to 13.6 per cent year-on-year in July from 13.2 per cent in June, data from the country’s statistics agency CAPMAS showed on Wednesday. Meanwhile,…

Iran made its first official import order using cryptocurrency this week, the semi-official Tasnim agency reported on Tuesday, a move that could enable the Islamic Republic to circumvent US sanctions…