English

Una Hajdari

Business

Global cooperation has shifted to favour smaller ally groups, says WEF

Large-scale, global cooperation is weakening as trade, finance, and tech links shift toward smaller, interest-based groups of countries, says the World Economic Forum.

Business

Defence shares jump after Venezuela fallout and US talk on Greenland

The sector rallied in Europe, the US, and parts of Asia, with investors betting tensions will keep military spending elevated and order books fuller for longer.

Business

Flight of the bullions: Why did Maduro move gold to Switzerland?

Caracas shipped 127 tonnes of central-bank gold to Swiss refineries over a period of five years, seeking cash and collateral as the Venezuelan debt crisis deepened.

Economy

Switzerland freezes all Maduro-linked assets 'with immediate effect'

Switzerland ordered a four-year precautionary freeze on any assets held by Nicolás Maduro and people linked to him but gave no figures and did not confirm whether any assets exist.

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Markets

Oil rallies after Venezuela shock while safe haven assets also rise

Washington’s action in Venezuela jolted markets, with oil showing volatile price movements as investors considered long-term supply consequences. Gold and defence stocks also inched up.

Business

BYD sales pull ahead as Tesla stumbles on sales and politics

Tesla’s early dominance of the electric car market is being challenged as China’s BYD posts record sales and wins over European consumers with lower prices.

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.

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.

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