Stocks suffer renewed slide on growth fears, dollar extends rally

Stocks fell heavily again on Monday and the dollar rocketed to a new two-decade high as worries about higher interest rates and a tightened lockdown in Shanghai deepened investors' fears that the global economy is rapidly heading for a slowdown.

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09-05-2022

IATA boss says high fuel prices not likely to impact travel demand for now

The International Air Transport Association (IATA) does not expect high fuel prices to dent travel demand in the near term, but could later this year or next, Director General Willie Walsh said on Monday.

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09-05-2022

US lobby fears 'exodus' of foreign staff in China due to COVID measures

American businesses are struggling to persuade overseas staff to join them in China due to the country's strict COVID-19 control measures and ongoing lockdowns, the American Chamber of Commerce in China said on Monday.

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09-05-2022

Morrisons clinches deal for UK retailer McColl's - Sky News

British supermarket group Morrisons has won a battle with the owners of rival Asda to buy convenience store chain McColl's out of administration, Sky News reported on Monday.

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09-05-2022

Bitcoin falls to 22-month low as stock markets tumble

HONG KONG / LONDON (Reuters) -Bitcoin fell to its lowest level since July 2021 on Monday as slumping equity markets continued to hurt cryptocurrencies, which are currently trading in line with so-called riskier assets like tech stocks.

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09-05-2022

Exclusive-Ukraine war spurs U.S. to ramp up security probe of software maker Kaspersky

The Biden administration ramped up a national security probe into Russia's AO Kaspersky Lab antivirus software earlier this year amid heightened fears of Russian cyberattacks after Moscow invaded Ukraine, three people familiar with the matter told Reuters.

newspaper

09-05-2022

Ukraine war spurs U.S. to ramp up security probe of software maker Kaspersky

The Biden administration ramped up a national security probe into Russia's AO Kaspersky Lab antivirus software earlier this year amid heightened fears of Russian cyberattacks after Moscow invaded Ukraine, three people familiar with the matter told Reuters.

newspaper

09-05-2022

Fraport to rethink Russian airport stake if it's used against Ukraine

German airport operator Fraport said on Monday it would reconsider its stake in St. Petersburg Pulkovo if the airport was targeted by western sanctions or if there was evidence it was being used by Russia to wage war against Ukraine.

newspaper

09-05-2022

German finance minister says risk of wage price spiral is real

Germany's finance minister warned on Monday that rising wages could further fan inflation, adding that parties involved in collective bargaining had a responsibility to help prevent that from happening.

newspaper

09-05-2022