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Germany heading for recession, warns Deutsche Bank CEO Christian Sewing

"The longer inflation remains high, the greater the strain and the higher the potential for social conflict," Sewing said.

Apple updates AirPods Pro with better audio, easier-to-find case

The new model, which keeps the $249 price of the previous generation, offers crisper audio and the H2 wireless chip

Pound falls to weakest level since 1985 against dollar amid dire UK economy

The last time the sterling-dollar exchange rate was this low the world's richest nations signed the Plaza Accord, an agreement to weaken the US currency

US told Israel that Iran nuclear deal unlikely in near future, says report

Israel opposes efforts to revive the 2015 pact that eased sanctions on Iran's economy in return for caps on its nuclear program

Oil slumps below $85 for first time since January on demand fear

US benchmark West Texas Intermediate sank below $85 while the global Brent benchmark fell below $90

Office rents in Dubai rebounding, rising faster than in New York, London

Demand for space in the skyscraper and across Dubai is surging as the emirate attracts more wealth and expats due to its nimble response to the pandemic and relatively easy access to visas.

Google 'pro-competitive', says Sundar Pichai, sees vibrant tech market

Pichai made the remarks late Tuesday at the Code Conference in Los Angeles. He said the company is "pro-competitive" and named companies including Apple Inc. and Microsoft Corp. as competitors.

Whistleblower never flagged spam, Twitter tells judge in buyout case

None of former security head Peiter Zatko's questions "had anything to do with spam" until he filed his whistler-blower complaint, Twitter said

Elon Musk urged bankers to slow Twitter deal on war risk, lawyer says

Twitter lawyers are using Elon Musk's text messages to try to convince a Delaware judge that the billionaire wants to abandon his $44 billion deal to acquire the company because of buyer's remorse

Gautam Adani's rise to 3rd richest came as stock jump topped 1,000%

During a year in which many fortunes around the world have crumbled, his net worth has nearly doubled, increasing $64.8 billion to $141.4 billion and making him the third-richest person on the planet

Dubai office rents are rising faster than in New York and London: Report

The rush for office space in the emirate is on show in skyscrapers like ICD Brookfield Place, which towers 800 feet over the financial district

Aluminium stocks jump as traders eye shift from shortage to glut

Warehouse stockpiles tracked by the LME jumped by 11% on Tuesday, the biggest increase since February, and rebounding from a three-decade low struck in August

Bitcoin is seen poised to escape from tightest trading range in two years

Bitcoin, which accounts for about 40 per cent of the estimated market value of all cryptocurrencies, traded last week within a range of about 5.4%, the narrowest since October 2020

Adani Power to start exporting electricity from India to Bangladesh

Adani Power Ltd. will commission a 1.6 gigawatt facility in Jharkhand state and a dedicated transmission line for the exports by Dec. 16, Adani said in a Twitter post late on Monday

Windfall profit taxes are pure economic populism and thus bad policy

Germany's government just became the latest to ingratiate itself with angry voters by promising a windfall tax on energy companies

Crypto traders in bullish mode despite hawkish Fed comments on inflation

Bitcoin, which accounts for about 40% of the estimated market value of all cryptocurrencies, traded last week within a range of about 5.4%, the narrowest since October 2020

With $2 bn IPO in sight, this Chinese EV battery firm is a giant in making

CALB makes battery cells, modules and packs for electric vehicles and industrial-scale energy systems - both in high demand

Volkswagen AG seeks to defy market gloom going ahead with Porsche IPO

Volkswagen AG is planning the initial public offering at the end of September or beginning of October, subject to further developments in capital markets

Fitch warns of high risk Sri Lanka may default on local currency bonds

Fitch Ratings's 'CCC' rating on long-term local currency debt that was affirmed in May "reflects a high risk that local-currency debt will be included in debt restructuring

California calls grid emergency with power use at 5-yr high amid heat wave

California declared a power grid emergency as a blistering and sustained heat wave threatens to push the state's electricity system to its limit