Newsletter
First Federal Reserve rate hike by half a point since 2000
The US Federal Reserve has raised interest rates by half a percentage point for the first time since 2000, giving a clear signal that it intends to raise it by the same amount at the next two meetings. At the end of its two-day meeting on Wednesday, the …
Europe approaches oil embargo
The European Union has proposed a phased embargo on Russian oil imports, the removal of more Russian banks from the Swift payments system and new sanctions against those spreading disinformation about Russia's war in Ukraine, EU officials said on Tuesday. EU …
Will arm go public or not?
Boris Johnson has joined a last-ditch push to persuade chip designer Arm to go public in London, as UK government officials worry about the lasting damage if Britain's best-known tech company chooses New York to go public. London Stock Exchange ministers and …
Big-Tech should share in the cost of data traffic
The EU should make big tech and video streaming companies pay at least part of the estimated €28 billion they're costing Europe's telecoms giants by overusing network infrastructure, according to a new industry report. A small number of video, social media and …
Apple expects a loss of up to 8 billion dollars due to supply bottlenecks
Apple management warned that the company could suffer a loss of up to $8 billion in the current quarter amid potential supply chain shortages and factory closures in China. "Supply shortages caused by Covid-related disruptions and industry-wide silicon …
EU energy companies want to meet Putin's terms
Some of Europe's biggest energy companies are taking precautions to comply with the Kremlin's demand for a new payment system for Russian gas, which critics say will undermine EU sanctions, threaten the unity of the bloc and inject billions of dollars in vital …
Gazprom stops supplies to Poland and Bulgaria
European gas prices rose by a fifth on Wednesday after Russian gas company Gazprom halted supplies to Poland and Bulgaria on the grounds that the countries had failed to make ruble payments due a day earlier.
Twitter accepts takeover bid from Elon Musk
Twitter's board of directors has agreed to sell the company to Elon Musk for around $44 billion. With that, the richest man in the world would take control of the influential social media platform. Announcing the deal, Musk said that "freedom of expression is …
Emmanuel Macron defeats Marine Le Pen
Emmanuel Macron will be re-elected for a second term as France's president after beating his far-right rival Marine Le Pen in Sunday's run-off, according to polling firms' projections based on the initial results. Le Pen acknowledged shortly after the first …
Musk raises Twitter offer to $46.5 billion
Elon Musk has unveiled a $46.5 billion financing package to fund his takeover bid for Twitter, which would represent one of the largest leveraged buyouts in history.