In response to a worsening energy crisis that has exposed Europe's reliance on Russian fuel, Germany nationalized gas importer Uniper on Wednesday and Britain announced it would halve energy bills for businesses.   In the biggest escalation of the Ukraine war since Moscow's invasion on...

According to C.S. Venkatakrishnan, CEO of Barclays, investment banks will likely experience a change in revenue next year due to a rebound in banking and advisory fees that will cushion the blow from a decline in trading income.   Investment banks have reported strong results this year...

The world's largest consumer of coal, China, increased its imports of coal from Russia in August, surpassing last month's level and reaching their highest level in at least five years as power utilities looked for supplies abroad to meet soaring demand during the extremely hot weather.  ...

The Merge came, looked, and took control. Not that the prices for cryptocurrencies would lead you to believe otherwise.   On September 15, the massive upgrade to the Ethereum blockchain finally went live, smoothly transitioning it to a "proof of stake" (PoS) system that uses less energy....

Russia's economy is unlikely to return to pre-war levels before the end of this decade, according to Scope Ratings, as the Ukraine war and stricter sanctions exacerbate long-standing economic deficiencies.   According to the credit rating agency's forecast, gross domestic product (GDP) will...

The outstanding debt of buy-now-pay-later (BNPL) customers in the United States is expected to reach $15 billion by 2025, according to a report released on Thursday by management consulting firm cg42.   During the COVID-19 pandemic, homebound consumers opted for online shopping, prompting...

As consumers tightened their belts in the face of rising inflation, British retailers experienced the slowest growth in sales since the end of COVID-19 lockdowns last year, according to business consultancy BDO.   Online sales decreased by 0.6% in August, marking their first decrease since...

The number of automobiles sold in China increased to 2.38 million units in August, up 32.1% from the same month last year. Electric vehicles (EV), whose sales have been boosted by government incentives, have been the main driver of this recovery.   According to data released on Friday by the...

On Wednesday, the British pound fell to its lowest level against the US dollar since 1985.   In London's afternoon trade, the pound dropped to $1.1407, the lowest level in 37 years, as investors reacted to the U.K.'s deteriorating economic outlook under the leadership of a new prime...

Following the failure of the Group of 20 (G20) climate talks last week, the European Union and China are questioning one another's commitment to battling climate change.   The 20 governments failed to come to an agreement on a joint communique on climate change at the conclusion of last...

Russia's state-owned energy giant Gazprom halted gas flows to Europe via a major pipeline on Wednesday, citing maintenance on its sole remaining compressor.   Gas flows through Nord Stream 1, which connects Russia to Germany via the Baltic Sea, are expected to be suspended from August 31 to...