Saudi Arabia's STC Group to become Telefonica top shareholder with 9.9% stake
By Andres Gonzalez, Amy-Jo Crowley, Pablo Mayo Cerqueiro and Hadeel Al Sayegh LONDON/DUBAI Saudi Arabia's STC Group has
2023-09-06 16:21
Scholz: Germany must pull together to overcome economic crisis
BERLIN German Chancellor Olaf Scholz on Wednesday called on the ruling coalition and democratic opposition to pull together
2023-09-06 15:59
Tesla's Shanghai factory hits 2 million car production milestone
BEIJING Tesla's Shanghai factory achieved on Wednesday the milestone of 2 million cars produced, according to the company's
2023-09-06 15:49
Manchester United share price crashes by £500m after report Glazers may not sell
Manchester United’s valuation on the New York Stock Exchange plummeted by more than £500million in the wake of a report that the Glazers have decided not to sell. Nine months ago the owners announced a full sale was among the options being considered as part of a strategic review at the Old Trafford club. Sheikh Jassim and Sir Jim Ratcliffe made offers to buy United, yet the interminable potential takeover process rumbles on as fans continue to protest against the Glazers. Hopes of a full sale were seemingly dashed when the Mail on Sunday reported that the owners are taking the club off the market and will try to sell again in 2025. That report led to more than £500m being knocked off United’s share price on Tuesday. After the New York Stock Exchange reopened following the Labor Day holiday, the price plummeted from 23.66 US dollars (£18.83) to 19.35 US dollars (£15.40) by close. United’s market capitalisation – the company’s worth on the stock market – was left at 3.15billion US dollars (£2.5billion) after the 18.22 per cent drop. Earlier this year the Glazer family reportedly valued United at £6bn. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live
2023-09-06 15:48
Bank of Russia to Meet Currency Demand as Eurobond Comes Due
Russia’s central bank will offload 150 billion rubles ($1.5 billion) of foreign exchange in the domestic market this
2023-09-06 15:47
UAE Oil Giant Adnoc to Boost Carbon Capture Capacity
The biggest oil producer in the United Arab Emirates plans to develop a carbon capture project that will
2023-09-06 15:29
Oil edges lower as markets shrug off supply jitters
By Mohi Narayan NEW DELHI (Reuters) -Oil prices reversed course on Wednesday after rising over 1% in the previous session,
2023-09-06 15:26
Singapore Seizes Alleged Launderer’s Millions in Swiss Banks
Singapore police seized S$125 million ($92 million) from a suspected money launderer’s accounts with Bank Julius Baer and
2023-09-06 15:21
Germany Factory Orders Slumped 11.7% at Start of Third Quarter
German factory orders plummeted in July, a sign that the woes of Europe’s biggest economy continued into the
2023-09-06 14:59
Saudi Telecom Buys $2.25 Billion Stake in Spain’s Telefonica
Saudi Telecom Co. is taking a nearly 10% stake in Spain’s Telefonica SA for roughly $2.25 billion as
2023-09-06 14:51
China Considers Law Banning Clothes That ‘Hurt Feelings’ of Others
China’s public is expressing concern about a potential legal change that would allow for fines and even jail
2023-09-06 14:48
Asia stocks slip, dollar firms on growth concerns, Fed outlook
By Kane Wu HONG KONG Asia stocks fell on Wednesday after faltering growth in China and Europe heightened
2023-09-06 14:23