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Bitcoin rallies to trade above $22,000; Ether, Avalanche advance

June's crypto wipeout has given way to a sharp rebound, with Ether up 47% this month and Polygon more than doubling

Meta Platform's forced sale of Giphy halted as UK court orders review

A judge quashed the Competition and Markets Authority's order that Meta must sell Giphy, according to a ruling made public Monday

Gazprom declares force majeure on at least three European gas buyers

Gazprom has been delivering less gas than ordered by customers over the past month, with the company citing problems with turbines at its main pipeline to Europe that ends in Germany

Alphabet split ends era of jumbo prices for megacaps: Report

The companies billed the moves as a way to make their stocks more accessible for retail investors and that has been achieved

US is exporting inflation, and Federal Reserve hikes will make it worse

With rates in the US rising much faster than in the eurozone and Japan, the dollar is soaring

H&M to exit Russia at the cost of $190 million after purging inventory

H&M AB decided to start winding down its operations in Russia, having halted all sales in the country in March after Russia's attack on Ukraine

Did Buffett and Munger see the one wrinkle in BYD's stellar performance?

After years of sitting on an over 20 per cent stake in China's BYD Co, Warren Buffett's Berkshire Hathaway may be mulling an exit

Talk of socialism adds spice to abrasive UK leaders' debate in race for PM

Rishi Sunak accused Foreign Secretary Liz Truss and former Defence Secretary Penny Mordaunt, his two closest rivals, of "socialism" as he attacked their plans to cut taxes and borrow more

Frequent mid-air 'technical glitches' add to Spicejet's financial woes

Once an investor darling, SpiceJet is now the worst-performing airline stock in Asia, fighting a run of negative publicity triggered by a slew of seemingly innocuous but frequent technical glitches

Starbucks mulls selling UK business after coronavirus pandemic hit

The UK is Starbucks' largest market in Europe, the Middle East and Africa

Imran Khan, Shehbaz Sharif face off in Pakistan by-elections: Report

The next elections must be held by October 2023

Supply chains inching back to normal brace for headwinds of softer demand

Citi cautioned against declaring an 'all clear' on the supply front

IMF to slash global economic growth outlook 'substantially' at next review

The IMF already downgraded its outlook for the global expansion this year to 3.6 per cent, from 4.4 per cent before the war in Ukraine, in its April report

Fuel demand in India declines in July so far adding to oil's gloom: Report

The three biggest retailers sold 1.28 million tons of gasoline during July 1-15, down about 8% from the corresponding period in June, according to refinery officials with knowledge of the matter

London's Heathrow goes from Europe's gateway to UK's travel nightmare

For Heathrow and the rest of the aviation industry, I think it's key to focus on getting sorted for summer 2023, although the gloomy economic outlook makes it much harder to forecast demand

China property sector major drag on economy; contracts for 4th straight qtr

Output in the real estate industry, a key economic contributor, contracted 7% in the second quarter from a year ago, the National Bureau of Statistics said in a report Saturday

Surprise tightening in Asia increases pressure on dovish central banks

Singapore and the Philippines both tightened their monetary policies in emergency moves after data showed inflation in the US was running hot and the Federal Reserve was considering another large hike

As Fed heads toward 75-basis pt rate hike, officials wary of bigger move

Interest-rate futures contracts currently imply a roughly one-in-six chance that the Fed will hike rates by a full point this month, with a 75 basis-point hike regarded as certain

Elon Musk says Twitter dragged feet on deal and now rushing trial

In response to Musk's requests for specifics on spam and robot accounts, Twitter officials said they made available all the information they had by providing their whole "firehose" of data

China's economy grows 0.4% in June quarter, set to miss fiscal target

China's economy logged a 2.5 per cent YoY growth in the first half of 2022, official data showed on Friday