April 7, 2023
Russian rouble falls to lowest value for a year
The Russian rouble has fallen to its lowest value for a year, since shortly after Russia invaded Ukraine. The currency slid to 82 roubles against the US dollar on Friday morning on the Moscow Stock Exchange (MOEX). Russia has been hit with massive…
April 3, 2023
Oil price surges
Oil prices have surged after several of the world's largest exporters announced surprise cuts in production. The price of Brent crude oil is trading close to $85 a barrel after jumping by almost 6%. Economists warned that higher oil prices could…
April 1, 2023
Italy temporarily blocks ChatGPT over privacy concerns
ROME (AP) — Italy is temporarily blocking the artificial intelligence software ChatGPT in the wake of a data breach as it investigates a possible violation of stringent European Union data protection rules, the government’s privacy watchdog said…
March 22, 2023
US raises interest rates
The US central bank has raised interest rates again, despite fears that the move could add to financial turmoil after a string of recent bank failures. The Federal Reserve increased its key rate by 0.25 percentage points and said more action could…
March 21, 2023
Stocks rebound as US and UK seek to calm investors
Stock markets around the world have bounced back after the US and UK governments again reassured markets about banks' stability. Investors have recently been unnerved by a string of bank failures. But US stock markets were higher after Treasury…
March 20, 2023
Amazon to cut another 9,000 jobs
Online retail giant Amazon plans to cut another 9,000 jobs as it seeks to save costs. The firm, which employs 1.5 million people worldwide, said the cuts would fall mainly in areas including cloud computing and advertising. It did not say which…
March 2, 2023
Bank of England boss says UK interest rates may rise further
Interest rates may need to go up again to slow the cost of living down, Bank of England boss Andrew Bailey has said. Mr. Bailey said raising rates higher may be "appropriate" to control inflation but said nothing was decided yet.Raising interest…
March 2, 2023
Whiskey fungus lawsuit forces Jack Daniels to halt building project
A Jack Daniels building project is to be halted after a neighbour argued she was facing a plague of whiskey fungus caused by escaping alcohol vapours. Christi Long, of Lincoln County, Tennessee, claimed her property was coated in the fungus, which…
February 24, 2023
Netflix cuts prices for subscribers in more than 30 countries
Streaming giant Netflix has cut prices in more than 30 countries as it attempts to attract more subscribers. Prices have been cut in parts of Asia, Europe, Latin America, sub-Saharan Africa, and the Middle East. It comes as the rising cost of living…
February 10, 2023
Pakistan Crucial IMF bailout deal eludes negotiators
Eleventh-hour negotiations between Pakistan and the International Monetary Fund (IMF) have failed to unlock $1.1bn in crucial funds aimed at preventing the country from going bankrupt. A deepening economic crisis has all but emptied Pakistan's…