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Ex-OPEC president Diezani Alison-Madueke charged with bribery: UK police
Former OPEC president Diezani Alison-Madueke has been charged with bribery offences relating to her time as Nigeria's oil minister, the UK National Crime Agency said on Tuesday.
British chip champion Arm files to go public in US
British chip designing giant Arm has launched the process for a public stock listing in New York, in what could be the biggest US share offering in years.
US commerce secretary to visit China next week for talks
US commerce secretary Gina Raimondo will visit China next week, Beijing and Washington said Tuesday, adding to a slew of US officials dispatched in recent months to ease tensions between the world's largest economies. Beijing also confirmed the visit, adding that Raimondo has been invited by her Chinese counterpart Wang Wentao.
Microsoft submits new Activision deal to UK regulator
Microsoft has submitted a new proposal to Britain's competition regulator for the acquisition of video gaming giant Activision Blizzard, the watchdog said Tuesday, after a previous version of the deal was blocked. Britain's Competition and Markets Authority (CMA) said it has "opened a new phase 1 investigation into a new, restructured deal by Microsoft to buy Activision".
UK top bosses earn 118 times pay of workers: study
Bosses running Britain's biggest listed companies enjoyed payrises of 16 percent last year as workers' wages struggled with the worst cost of living crisis in a generation, research published Tuesday found. "While millions of families have seen their budgets shredded by the cost-of-living crisis, city directors have enjoyed bumper pay rises," said Trade Union Congress general secretary Paul Nowak.
Dubai airport traffic jumps 50%, tops pre-pandemic levels
Passenger traffic at Dubai international airport leapt 50 percent in the first half of the year, surpassing pre-pandemic levels, its operator said on Tuesday. "As we recover with our (first-half) traffic surpassing pre-pandemic levels, we continue to remain committed to ensuring every guest who travels through our airport leaves with a smile," said Paul Griffiths, CEO of Dubai Airports.
Markets head tentatively higher but traders fret over outlook
Stocks wavered in nervous trade Tuesday as investors struggled to pick up the baton from a Wall Street rally, with the mood darkened by concerns over China's economy and the outlook for US interest rates. Still, there is still a lot of unease among traders about the Chinese economy, with another small cut in interest rates doing little to allay fears of a painful slowdown.
No recovery yet for 'lacklustre' German economy, says Bundesbank
Germany's "lacklustre" economy will likely stagnate again in the third quarter, the Bundesbank central bank said Monday, as weak demand from abroad and high interest rates take their toll on Europe's industrial powerhouse. Europe's largest economy is "still lacklustre" and "still experiencing a period of weakness", it added.
Most markets sink as China rate cut fails to ease economy worries
Most Asian markets fell Monday as China's decision to cut interest rates again failed to reassure investors, who are growing increasingly worried about the outlook for the world's number two economy. While the Fed and others contemplate more increases, the People's Bank of China on Monday announced another cut in bid to kickstart the sputtering economy.
AFP
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