Seven EU countries oppose new EU funding as response to U.S. subsidy plan - letter
Plans by the European Commission to create new European Union funding for the green industry are facing mounting opposition in the 27-nation bloc, as seven EU countries openly rejected the idea in a letter to the EU executive.
Energy support, debt interest help to swell UK borrowing
Britain's government borrowed more last month than in any December since monthly records began 30 years ago, reflecting the huge cost of energy support and soaring debt interest linked to rising inflation.
European junk debt sales spring back to life as sentiment improves
Junk-rated companies in Europe have raised $1.4 billion from bond sales this month as investors return to riskier debt after rising interest rates and Russia's war in Ukraine froze markets last year.
EU's record recovery fund at risk as countries struggle to meet deadline
The risk that European Union governments will not be able to spend the largest aid package in its history is growing as members struggle to meet deadlines imposed by the bloc, officials from four countries have told Reuters.
France to push for 'Made in Europe' strategy at Feb EU summit
France wants the European Union to adopt a "Made in Europe" industrial strategy in response to the U.S.
Rate rises could add $8.6 trillion to global borrowing costs -S&P
Central bank rate rises could land global borrowers with $8.6 trillion in extra debt servicing costs in coming years, S&P Global estimated on Friday, warning of a slowdown in economic activity as a result.
Britons splurge at Christmas but retailers brace for tougher 2023
British shoppers spent freely at Christmas, piling their trolleys with party food, drink and clothing as they enjoyed the first holiday season free of COVID worries for three years, but retailers warned most will tighten their belts in 2023.
How the inflation crisis is impacting retail industries in the UK
Businesses in the UK are reinventing the way they run their organizations as industry dynamics change due to unprecedented inflation in the UK.
Crypto firms off to rocky start in 2023 with outflows, layoffs and a lawsuit
The crypto industry's woes continued on Thursday as plunging deposits, layoffs and a lawsuit added to the tumult of 2022, which was dominated by sinking prices and high-profile bankruptcies.
Vietnam c.bank buys dollars to shore up reserves after selloff
Vietnam's central bank said on Tuesday it was making efforts to shore up foreign exchange reserves by buying up more U.S.
Oil price cap may widen Russia's 2023 budget deficit, says FinMin
Russia's budget deficit could be wider than a planned 2% of GDP in 2023 as an oil price cap squeezes export income, Finance Minister Anton Siluanov said, an extra fiscal hurdle for Moscow as it spends heavily on its military activities in Ukraine.
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Thieves dig 10-foot-long tunnel and steal gold worth over £100,000
Thieves dug a 10-foot tunnel to carry out a robbery at a bank in the Indian state of Uttar Pradesh.
FTX opposes BlockFi's claim to Bankman-Fried's Robinhood shares
Collapsed crypto exchange FTX on Thursday asked a U.S. bankruptcy judge to stop crypto lender BlockFi from laying claim to more than $440 million worth of Robinhood stock.
Buyout funds rethink deal financing amid shortage of debt
Private equity funds are rethinking how they pull off large deals after a 40.4% contraction in global buyout activity amid a shortage of debt financing caused by rising interest rates and banks' reluctance to open their money taps.
Banking reforms could make the UK a sustainable finance hub, but also threaten financial stability
The global financial crisis has cost Britain up to £7.4 trillion in lost output alone.
Musk to allow only blue tick users to vote in Twitter polls on policy decisions
Twitter will only allow paid Twitter Blue subscribers to vote on major policy-related decisions, according to Twitter CEO Elon Musk.
Elon Musk to step down as head of Twitter? SpaceX CEO wears to abide by results of online poll
As the poll's deadline nears its end, Musk tweeted "As the saying goes, be careful what you wish, as you might get it."
Elon Musk suspends Twitter accounts of several high-profile journalists
Twitter suspended the accounts of several high-profile journalists without giving any explanation on Thursday.
Elon Musk no longer richest man in the world, lost more than $100 billion since January
Elon Musk's demotion is due in large part to his highly controversial offer to take Twitter private for $44 billion.
IMF shareholders deeply divided on whether to suspend surcharges on some loans
The International Monetary Fund's executive board on Monday discussed the surcharges it collects from mostly middle- and lower-income countries on larger loans that are not repaid quickly, but failed to agree to launch a formal review.
EU looks to win Hungary support for Ukraine aid in return for EU funds access
European Union finance ministers will on Tuesday look to get Hungary's backing for 18 billion euros ($18.89 billion) of support for Ukraine for next year in exchange for access to EU money from its recovery fund as well as budget.
Crypto lender BlockFi files for bankruptcy, cites FTX exposure
Cryptocurrency lender BlockFi has filed for Chapter 11 bankruptcy protection, it said on Monday, the latest crypto casualty after the firm was hurt by exposure to the spectacular collapse of the FTX exchange earlier this month.
UK housing market seen facing further 'mini-budget' fallout
British property market activity stalled in October and house price growth slowed to its lowest quarterly level since February 2020 due to a disastrous "mini-budget" and a cost-of-living crisis, a survey released on Monday showed.
Deutsche Bank warns of peril in borrowing from U.S. banks
Germany's Deutsche Bank has a stark warning to European companies borrowing from U.S. lenders: They will drop you when times get tough.
Bankers pour cold water on red hot coal
It's the best of times, it's the worst of times. At least when it comes to mining coal.
From Apollo to DZ Bank, funds snap up bargains in UK pension scramble
Credit funds at Blackstone, Apollo, DZ Bank and Astra Asset Management picked up bargains from UK pension funds during their scramble for cash, and some say pension schemes are still offloading assets as pressures persist.
As recession bites, Tesco offers UK staff pay advance
Tesco, one of Britain's largest private-sector employers, is offering its staff advances on their pay in the latest sign of the distress arising from a worsening cost-of-living crisis.
As recession looms, British business sends out lending SOS
As inflation rockets and recession looms, many British businesses are struggling to secure affordable bank finance, piling pressure on the embattled UK government as it unveiled a budget aimed at reviving the economy.
Crypto: what could more regulation mean for the future of digital currencies?
While traditional financial markets are heavily regulated, crypto is not, something that looks likely to change following FTX's recent difficulties