SINGAPORE – Singapore’s central bank has fined nine prominent financial institutions, including global giants Citibank and UBS, over lapses linked…
Year: 2025
Tesla Reports 13.5% Drop in Q2 Sales Amid EV Competition and Political Controversy
NEW YORK – Tesla has reported a 13.5% year-on-year drop in global vehicle deliveries for the second quarter of 2025,…
Crunch Time Looms for UK’s Rachel Reeves as Markets Remain Cautious and Stability Proves Elusive
LONDON – Newly appointed Chancellor of the Exchequer Rachel Reeves is approaching a critical juncture in her efforts to stabilise…
Indonesia Launches £4.6 Billion EV Battery Megaproject Despite Environmental Concerns
JAKARTA – Indonesia has officially broken ground on a £4.6 billion (US$5.9 billion) electric vehicle (EV) battery production megaproject backed…
EU to Raise EIB Lending Cap to €100 Billion Amid Defence and Innovation Push
LONDON – The European Union is set to significantly expand the lending capacity of its financial arm, the European Investment…
UK Retail Sales Suffer Steepest Monthly Decline Since 2023 Amid Post-Splurge Slowdown
LONDON, – Britain’s retail sector experienced its sharpest monthly contraction since December 2023, as official data revealed a 2.7% decline…
‘I Watched the Air Hostesses Die’: Sole Survivor Recounts Horror of Air India Crash
AHMEDABAD, INDIA —The sole British survivor of the tragic Air India Flight 171 crash has recalled the harrowing moments of…
EU Needs €241 Billion to Expand Nuclear Energy Capacity by 2050
BRUSSELS: The European Union’s ambitious plans to expand its nuclear energy capacity will require a staggering €241 billion (US$278 billion)…
German Economy Set to Grow 0.3% in 2025
BERLIN: The German economy is expected to grow by 0.3% in 2025 following two consecutive years of contraction, according to…
Norwegian Government Divests Final Stake in Norwegian Air for £68.9 Million
The Norwegian government has sold its remaining 6.26% stake in Norwegian Air Shuttle ASA, marking a major milestone in ending…