Verónica Romano

Business

Russian oligarch Kuzmichev detained in France over sanctions probe

Considered by the EU to be one of Russia's most influential people, Alexey Kuzmichev has been detained by French police for questioning.

31 October 2023

Business

China's Evergrande gets last chance to come up with new debt deal

Evergrande's liquidation hearing initially scheduled for Monday was adjourned by a Hong Kong court as the property developer's shares hit an all-time low.

30 October 2023

Business

FTX co-founder Sam Bankman-Fried takes the stand in fraud trial

The crypto magnate has testified without the jury present so the judge can decide which parts of the testimony to allow. The case has been called one of the biggest financial frauds in US history.

27 October 2023

Business

Who is Ted Pick, Morgan Stanley's new CEO?

After 33 years with the Wall Street giant, Pick will take over as CEO at the start of next year.

26 October 2023

Business

Hermès outshines luxury rivals amid sector slowdown

French company surprises as global economic uncertainty drags down luxury fashion segment.

25 October 2023

Economy

What will Poland’s new government mean for the EU economy?

As President Andrzej Duda opens consultations with party leaders to form a new government, here's how the opposition's majority in the Polish parliament will affect the EU's sixth-largest economy - as well as the bloc itself.

24 October 2023

Business

Chinese tax authorities investigating iPhone manufacturer Foxconn

The probe into the Taiwanese iPhone maker comes less than three months before Taiwan's presidential election and as Foxconn seeks to expand production outside China.

23 October 2023

Economy

China announces billions in investments in developing countries

Large investments announced at the Belt and Road Forum have raised concerns that poorer countries’ debt to China could rise further.

18 October 2023

Business

New York opens its marijuana market to larger competitors

The US state promised the first retail licences to previously convicted marijuana sellers. In most cases, it didn’t happen.

12 October 2023

Economy

IMF worries about China's financial stability due to property crisis

At the ongoing World Bank-IMF annual meetings in Morocco, IMF officials urged Chinese authorities to intervene as an unprecedented property crisis rocks the world's second-largest economy.

11 October 2023

Business

Chinese property development giant Country Garden nears default

Country Garden, one of China’s largest property groups, warned on Tuesday that it would “not be able to meet all of its offshore payment obligations."

10 October 2023

Business

FTX co-founder testifies against Sam Bankman-Fried in fraud case

Bankman-Fried is standing trial for allegedly stealing billions of dollars from customers of the now-bankrupt cryptocurrency exchange platform FTX. The case has been called one of the biggest financial frauds in US history.

6 October 2023

Economy

Regulating gambling: Brazil could kill its ‘golden egg’ betting market

After more than 70 years of prohibiting gambling, Brazil is regulating the market. But some fear the move might just kill “one of the best market opportunities”.

6 October 2023

Economy

Number of young Portuguese homeowners has halved in 20 years

Over two generations, the percentage of people aged under 25 who own their own home has fallen by around 50%.

5 October 2023

Business

Court throws out $200 million verdict against J&J in talc cancer case

Johnson & Johnson faces more than 38,000 lawsuits alleging that its talc products contain asbestos.

4 October 2023

Economy

Housing crisis: Portugal will end special tax regime for new residents

To tackle the shortage of affordable housing, the government has decided to end a 10-year tax relief scheme for new residents

3 October 2023

Economy

World Bank slashes China growth forecast for next year

The world’s second-biggest economy hasn’t grown so slowly since 1990, aside from the pandemic years.

3 October 2023

Business

Portugal puts national airline TAP up for sale

Europe’s major airline groups, such as German Lufthansa, already have their eye on TAP’s privatisation

29 September 2023

Economy

African Union to create own credit rating agency

The group believes international credit rating agencies have been giving erroneous ratings to African countries.

13 September 2023

Business

New trade corridor, new member: Five key takeaways from the G20 summit

Last weekend leaders of the richest countries gathered in New Delhi for the G20 summit. Here’s how they plan to shake up the world’s economy

11 September 2023