by Charbel Lebbos | Sep 2, 2022 | business, World Economy
Worries over the prospects for the UK economy led the pound to slide by about 5% against the US dollar in August. The last time the pound fell so much against the dollar was in October 2016, in the aftermath of the Brexit vote. Sterling sank again on Thursday morning,...
by Charbel Lebbos | Aug 18, 2022 | Health, Local Economy, World Economy
A federal judge has ruled that America’s three largest pharmacy chains must pay $650.5m (£539.8m) for helping fuel a painkiller crisis in two Ohio counties. In November, a federal court found Walgreens Boots Alliance, CVS and Walmart helped create an oversupply...
by Charbel Lebbos | Aug 16, 2022 | business, World Economy
There were chaotic scenes at an Ikea store in Shanghai on Saturday, with shoppers trying to escape as authorities tried to quarantine them. Health officials were attempting to lock the store in Xuhui district down as a customer had been in close contact with a...
by Charbel Lebbos | Aug 4, 2022 | Featured, World Economy
A crypto hedge fund has been established in Dubai for institutional investors by a former executive in charge of cryptocurrency at renowned accountancy and audit company PwC. A $75 million cryptocurrency hedge fund has been launched for institutional investors by the...
by Charbel Lebbos | Jul 21, 2022 | World Economy, World News
Russia has resumed pumping gas to Europe through its biggest pipeline after warnings it could curb or halt supplies altogether. The Nord Stream 1 pipeline restarted following a 10-day maintenance break but at a reduced level. On Wednesday, the European Commission...
by Charbel Lebbos | Mar 10, 2022 | World Economy
Image caption, Kyrylo Shevchenko, Governor of National Bank of Ukraine, in September 2021 Frozen Russian assets should be used to rebuild Ukraine after the war, the governor of Ukraine’s Central Bank has told the BBC. Kyrylo Shevchenko called for an extensive list of...
Recent Comments