English

Una Hajdari

Markets

A respite for sofas and spaghetti: Trump eases and delays tariffs

Planned tariff hikes on imported furniture are pushed back a year, while punishing tariffs on Italian pasta are scaled down after months of negotiations.

Economy

Venezuelan bolívar–dollar rate jumps to nearly 480% as sanctions bite

With the bolívar down sharply and access to official dollar rates limited, most Venezuelans now turn to crypto-based markets for foreign currency amid sanctions and persistent inflation.

Business

Warren Buffett, ‘Oracle of Omaha,’ retires after 60 years in business

Warren Buffett’s departure as CEO marks the end of an era at Berkshire Hathaway for the business 'sage' whose unpretentious approach reshaped modern investing.

Economy

Europe’s corruption challenge goes beyond an East–West divide

Petty bribery may be rarer in Western Europe, but influence, lobbying and regulatory capture remain powerful — and often minimised.

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Economy

From war to wallets: How Iran’s economic crisis is fuelling protests

Sanctions, inflation and currency collapse have pushed daily survival to the centre of public anger following the conflict with Israel last June.

Business

Citi edges closer to Russia exit, bracing for over €1bn hit

Citi has secured internal approvals to sell its remaining business in Russia to Renaissance Capital, moving closer to an exit from the market after years of delays.

Business

Moody’s cuts Budapest rating to 'junk' as dispute with Orbán deepens

The City of Budapest has been downgraded to "junk" rating by Moody’s and placed on review for further cuts, a move that could increase borrowing costs as the liberal mayor led capital butts heads with the PM.

Economy

Iran’s currency collapse sparks second day of protests

Protesters closed shops for a second day as the rial hit new lows on the free market, amplifying inflation fears and highlighting the widening gap between official and street exchange rates.

Business

Explainer: Why Chevron operates in Venezuela despite US sanctions

Chevron’s continued presence in Venezuela looks like an anomaly amid intensifying US sanctions. In fact, the contradiction is rooted in selective enforcement to maintain leverage over Caracas, as well as decades of oil politics.

Business

Space tech company’s shares skyrocket after Trump Golden Dome deal

Sidus Space shares have jumped sharply this week after the small space-tech company announced it had won a place on a major US defence contract.

Business

Unlikely bedfellows: Castrol deal draws private capital into industry

The deal reflects a shift in how investors view businesses like Castrol — less as consumer brands, and more as industrial infrastructure embedded in the global economy.

Economy

Santa Claus rally or year-end wobble? Markets wrap up 2025 mixed

World shares were mixed despite fresh record highs on Wall Street, as investors remained wary of inflation, slowing demand and uncertainty over how markets will start the new year.

Economy

Germany’s export model hit by dual US and China demand slump

Simultaneous falls in exports to the US and China are exposing deep structural weaknesses in Europe’s largest economy, according to a new study.

Business

Year of the metals: Venezuela tensions send gold and silver soaring

Precious metals have been among the strongest performers this year, supported by geopolitical risk, expectations of looser monetary policy and global economic stability.

Business

Ryanair slapped with €255m fine over abuse of market power in Italy

Italy’s antitrust watchdog ruled that Ryanair exploited its dominance in air travel to and from Italy by deliberately obstructing travel agencies that rely on its flights.

Economy

When the rich flaunt their wealth inequality feels worse, study shows

According to new research, people underestimate inequality when they live in segregated social worlds. But when wealth is openly displayed, dissatisfaction rises fast.

Business

Italy slaps Apple with €98m fine over app tracking policy

The fine adds to growing European scrutiny of Apple’s App Tracking Transparency feature and its impact on competition in mobile advertising.

Business

Warner to urge rejection of Paramount bid as Trump son-in-law exits

Warner Bros Discovery is expected to urge shareholders to vote against Paramount's hostile takeover bid. This comes after Jared Kushner, Trump's son-in-law, also withdrew his private equity firm from the financing of the offer.

Economy

Greece cuts an early cheque to EU creditors to boost market confidence

Greece’s early repayment of its first bailout loans underscores an important turnaround, cutting future interest costs and accelerating debt reduction as the country seeks to strengthen market confidence.

Business

PayPal moves to establish US bank, expanding deposits and loans

PayPal has applied to establish a Utah-chartered bank, a move that would allow the firm to hold deposits and increase lending capacity to small businesses.

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