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Middle East

Turkish competition board says fines Elon Musk over Twitter takeover

BY Reuters  • March 6, 2023March 6, 2023
ISTANBUL (Reuters) – The Turkish Competition Board said on Monday it had decided to fine billionaire Elon Musk 0.1% of Twitter’s gross income in Turkey in 2022, as his takeover of the comp[...]
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Business Economy Europe Middle East Politics Technology US

China’s reopening set to help EMFX get back on track: Reuters poll

BY Reuters  • March 3, 2023March 3, 2023
By Vuyani Ndaba and Vivek Mishra JOHANNESBURG/BENGALURU (Reuters) – China’s reopening is set to boost emerging market currencies against the U.S. dollar over the next six months, primarily[...]
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Africa Asia Business Central America Economy Europe Latin America Middle East US

US urges companies to comply with Russia-related sanctions

BY Reuters  • March 2, 2023March 2, 2023
WASHINGTON (Reuters) – The U.S. government on Thursday called on companies to ensure they comply with Russia-related sanctions imposed after Moscow’s invasion of Ukraine, warning that a fa[...]
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Asia Business Economy Europe Middle East Politics US

SpaceX ready to retry launching NASA’s next space station crew

BY Reuters  • March 2, 2023March 2, 2023
By Joe Skipper and Steve Gorman CAPE CANAVERAL, Florida (Reuters) – Elon Musk’s rocket company SpaceX was ready to try again at sending NASA’s next long-duration crew of the Internat[...]
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Business Europe Middle East Science Technology Top News US

Oil futures slip 1% on worries about more U.S. interest rate hikes

BY Reuters  • February 27, 2023February 27, 2023
By Scott DiSavino NEW YORK (Reuters) -Oil prices slid about 1% on Monday as strong U.S. economic data had investors bracing for more interest rate hikes from the U.S. Federal Reserve to fight inflatio[...]
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Asia Business Economy Europe Middle East UK Updated US

Uber’s Mideast business Careem to cease operations in Qatar

BY Reuters  • February 27, 2023February 27, 2023
DOHA (Reuters) – Uber’s Middle Eastern business Careem will cease operations in Qatar on Tuesday, the company announced in a message sent to customers in the Gulf Arab state on Monday. The[...]
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Business Middle East US

Yellen says U.S. inflation fight ‘not a straight line’ after price rise data

BY Reuters  • February 25, 2023February 25, 2023
By David Lawder BENGALURU (Reuters) – U.S. Treasury Secretary Janet Yellen told Reuters on Saturday that new U.S. data showing inflation jumped unexpectedly in January signals that the fight aga[...]
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Asia Australia Business Central America Economy Europe Latin America Middle East Politics UK

Oil prices drop as rising inventories offset Russian output cuts

BY Reuters  • February 24, 2023February 24, 2023
By Ron Bousso LONDON (Reuters) -Oil prices fell below $82 a barrel on Friday as rising inventories in the United States and concerns over global economic activity offset the prospect of lower Russian[...]
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Business Economy Europe Middle East UK Updated US

Investors favor allocations to macro, credit funds – Barclays survey

BY Reuters  • February 24, 2023February 24, 2023
By Carolina Mandl NEW YORK (Reuters) – Investors such as pension funds and family offices plan to increase allocations to credit and global macro hedge funds in 2023, although their overall appe[...]
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Africa Business Economy Europe Middle East US
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