by Charbel Lebbos | Oct 26, 2022 | business
It is too expensive for governments to help everyone with their soaring energy bills, the World Bank has warned. The bank’s president said Covid support schemes had not been targeted enough towards the most vulnerable and the debt will take decades to pay off....
by Charbel Lebbos | Oct 24, 2022 | business, World Economy
The Chinese Communist Party’s congress concluded on Sunday with the set-piece confirmation of Xi Jinping’s historic third five-year term in charge. The spotlight was also on the man named as his new second-in-command, Li Qiang. A loyalist to Mr Xi, he is...
by Charbel Lebbos | Oct 23, 2022 | business, Health, World News
Red Bull co-owner Dietrich Mateschitz, a major global business figure as a result of his energy drinks empire, has died aged 78. Mateschitz was the driving force behind the establishment of what became the global market leader in energy drinks. He used the fortune...
by Charbel Lebbos | Oct 23, 2022 | business
The pound fell against the dollar on Friday as new figures showed a gloomy picture for the UK economy. Sterling slipped to $1.11, after rallying on Thursday as Prime Minister Liz Truss resigned. However, it clawed back losses on Friday evening and was back up to...
by Charbel Lebbos | Oct 8, 2022 | business
Jobs growth in the US has slowed for a second month, in a sign that the labour market in the world’s largest economy may be starting to cool. US employers added 263,000 new jobs in September, the fewest since April 2021. Despite the lower figure, analysts said...
by Charbel Lebbos | Oct 8, 2022 | business
The US is introducing further measures to restrict sales of computer chip technology to China in a bid to hobble the country’s military advances. Under new rules, the US said it would bar US firms from selling certain chips used for supercomputing and artificial...
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