August 7, 2022
August 7, 2022

Musk accuses Twitter of fraud

Elon Musk has accused Twitter of fraud, alleging the social media platform misled him about key aspects of its business before he agreed to a $44 billion buyout, as their court fight heats up.

August 7, 2022
August 7, 2022

Oil prices hit multi-month lows

Oil prices settled higher on Friday, recouping some of this week’s losses on strong US job growth data, but closed the week at their lowest levels since February, rattled by worries a recession could hit fuel demand.

August 3, 2022
August 3, 2022

US manufacturing slows modestly

US manufacturing activity slowed less than expected in July and there were signs that supply constraints are easing, with a measure of prices paid for inputs by factories falling to a two-year low, suggesting inflation has probably peaked.

August 3, 2022
August 3, 2022

US crypto firm Nomad hit by $190m theft

US crypto firm Nomad has been hit by a $190 million theft, blockchain researchers said on Tuesday, the latest such heist to hit the digital asset sector this year.

August 3, 2022
August 3, 2022

Sanctions have huge toll on Russian economy

The Russian economy has been deeply damaged by sanctions and the exit of international business since the country invaded Ukraine, according to a new report by Yale University business experts and economists.

August 3, 2022
August 3, 2022

US targets Chinese, UAE firms in new Iran oil sanctions

The United States on Monday imposed sanctions on Chinese and other firms it said helped to sell tens of millions of dollars’ in Iranian oil and petrochemical products to East Asia as it seeks to raise pressure on Tehran to curb its nuclear programme.

August 2, 2022
August 2, 2022

US considers crackdown on memory chip makers in China

The United States is considering limiting shipments of American chipmaking equipment to memory chip makers in China including Yangtze Memory Technologies Co Ltd (YMTC), according to four people familiar with the matter, part of a bid to halt China’s semiconductor sector advances and protect US companies.

August 2, 2022
August 2, 2022

Inflation straining finances of low-income Americans

As high inflation forces Americans to spend more on gas and bills, young and low-income consumers are starting to feel financial pressure.

July 31, 2022
July 31, 2022

Oil up over $2 per barrel

Oil prices settled up more than $2 a barrel on Friday as attention turned to next week’s OPEC+ meeting and dimming expectations that the producer group will imminently boost supply.

July 31, 2022
July 31, 2022

Fed’s aggressive rate-hike path bolstered by new data

Federal Reserve Chair Jerome Powell said this week he’s looking for compelling signs that inflation is cooling before the US central bank will let up on what’s so far been its most aggressive set of interest rate hikes in decades.