Newsletter
Twitter sticks to Musk deal
Elon Musk first discussed Twitter's privatization with the social media company's board of directors more than a week before its initial 9.2 percent stake was disclosed as a passive stake, and more than two weeks before it revealed a hostile one $44 billion …
After sell-off: Tiger Global is reducing its bets on technology companies
Tiger Global, the hedge fund known for its big bets on tech companies, has reduced its holdings and sold stakes in companies like Netflix and Rivian after suffering heavy losses during this year's stock market turmoil.
China groans under "Covid" lockdown
China's economic activity fell sharply in April as a spate of shutdowns across the country poses the biggest challenge to the country's growth prospects since Covid-19 emerged more than two years ago.
G7 warns of a global hunger crisis
Die deutsche Außenministerin Annalena Baerbock sagte, die G7-Gruppe der Industrienationen suche dringend nach alternativen Wegen für den Export ukrainischen Getreides, da der Krieg Russlands gegen seinen westlichen Nachbarn das Risiko einer globalen …
Jay Powell: Curbing inflation will cause 'pain'
Federal Reserve Chairman Jay Powell has warned that cutting inflation to the Federal Reserve's target of 2% will cause "some pain".
Habeck: Gas supply stop justifiable
Germany could cope with a ban on Russian gas next winter as long as it fills storage facilities, makes progress on LNG terminals and reduces consumption, Economics Minister Robert Habeck said in an interview with WirtschaftsWoche.
Does Habeck still represent German interests?
"We need Russian oil. We have our homes, our families. If (the government) wants to stop it, then this area is dead," Thorsten Scheer, 60, told AFP at the refinery in the town of Schwedt, on the border to Poland.
Asian markets slide
A global stock sell-off hit Asian markets on Tuesday after Wall Street's sharpest one-day drop since 2020, as investors worry about a slowdown in the world's largest economies.
US imposes sanctions on Gazprombank executives for the first time
The US on Sunday tightened its sanctions against Russia, blacklisting a number of financial sector executives and restricting the provision of professional services, while the EU struggled to pass its latest sanctions package. The US targeted Gazprombank …
Wall Street in a panic
Cloud companies, e-retailers and well-known tech companies slumped on Thursday, wiping out hundreds of billions of dollars in market value and sending the Nasdaq Composite to its worst daily decline since June 2020.