BUSINESS

Tesla Inc Chief Executive Officer Elon Musk sold $6.9 billion worth of shares in the electric vehicle maker.

European stock markets and the dollar fell Wednesday ahead of a crucial US inflation report that could help set the the pace of future interest rate hikes by the US Federal Reserve.

At an industrial yard in southwestern Norway, decommissioned oil platforms are slowly being dismantled for a second life in the circular economy.

Deliveroo, the international delivery food app, announced Wednesday a big increase in losses as investment costs ate into rising revenues.

Germany will offer tax relief worth 10 billion euros ($10.2 billion) to help workers cope with soaring inflation.

Already bracing for recession and winter energy shortages, German businesses are grappling with the lack of another precious commodity: rain.

US inflation eased slightly in July.

Lenovo Group, the world's biggest maker of personal computers, reported flat revenue for the April-June quarter when many Chinese cities were hit by COVID-19 lockdowns, marking its most subdued result in eight quarters.

Spain's Ferrovial is looking at options for its 25% stake in London's Heathrow, two sources told Reuters, and has held preliminary talks with external advisers on the future of its holding in Britain's biggest airport.

The Bank of England would press on with plans to gradually sell its vast stock of British government bonds even if an economic slowdown eventually forces it to cut interest rates, Deputy Governor Dave Ramsden said.

Swiss duty-free retailer Dufry said on Tuesday it saw strong sales momentum continue in July despite the soaring inflation.

U.S. consumers grappling with soaring inflation face more pain from high beef prices as ranchers are reducing their cattle herds due to drought and lofty feed costs, a decision that will tighten livestock supplies for years, economists said.

Another day, another hack - and another blockchain bridge burned.

The Bank of England will probably have to raise interest rates further from their current 14 year-high to tackle inflation pressures that are gaining a foothold in Britain's economy.

Iceland Foods teams up with the Rothesay Foundation and Age UK to battle the cost of living crisis in the country.

In Canada's remote north, residents have long paid dearly for food, and rising prices have worsened an already dire situation, exposing the vulnerability of one of the world's biggest exporters of grains and meat.

U.S. fuel retailers are fighting the inclusion of a tax credit for sustainable aviation fuel (SAF) in Democrats' $430 billion spending bill, arguing SAF is more carbon intense and less efficient than renewable diesel.

Germany's current energy emergency strikes at the heart of its very existence.

Degrowth is about the closest you can get to a heresy in economics, where growth is widely held as the best route to prosperity.

Billionaire hedge fund manager Ray Dalio's huge popularity in China has not only drawn local investors flocking to his funds but also spawned home-grown challengers using his "All Weather" strategy and brand to try to beat him at his own game.

Japan's SoftBank Group on Monday reported a record quarterly net loss of $23.4 billion, after interest rate hikes tanked tech shares.

HSBC has appointed Patrick Boumalham as its new global head of wealth sales within its markets division.

Britain's accounting watchdog said on Monday it had fined auditor PwC 1.75 million pounds ($2.12 million) after it failed to properly challenge UK telecoms group BT once a half-a-billion pound fraud was discovered in BT's Italian operations.

Volkswagen's controlling shareholder families aim to keep Europe's top carmaker on a shorter leash.

The State Secretariat for Economic Affairs official said the help for businesses during the Covid-19 pandemic could not become the norm during economic downturns.

Bank of England Governor Andrew Bailey pushed back at suggestions by the front-runner to become Britain's next prime minister Liz Truss and her supporters that the government should have a bigger role in how the central bank operates.

State-owned Italian bank Monte dei Paschi di Siena (MPS) said four more banks had agreed to back its upcoming 2.5 billion euro ($2.6 billion) cash call.

The London Stock Exchange Group said on Friday that costs and savings targets for integrating data company Refinitiv were on track.

Twitter Inc on Thursday dismissed Elon Musk's claims in a Delaware court filing that he was hoodwinked into signing the deal to buy the social media company