Business and Economy

Business and Economy Latest News

Europe resists energy crunch, boosting growth forecast
Europe resists energy crunch, boosting growth forecast
by  AFP

Europe's economy rode out the energy price crisis triggered by Russia's war on Ukraine with better than expected economic growth, Brussels said Monday, as it boosted its forecast. Europe's better than expected results have been explained by energy prices falling quickly from their peaks after big gas exporter Russia launched a war against EU candidate Ukraine.

Vice Media files for bankruptcy protection
Vice Media files for bankruptcy protection
by  AFP

Vice Media, once the darling of the digital news media world, said Monday it had filed for Chapter 11 bankruptcy protection to facilitate its sale. "To facilitate the sale, Vice has filed voluntary petitions for reorganization under Chapter 11 in the US Bankruptcy Court for the Southern District of New York," it said in a statement.

Asian markets struggle as focus turns to US debt talks
Asian markets struggle as focus turns to US debt talks
by  AFP

Asian markets mostly fell Monday as investors kept a wary eye on the talks to raise the US debt limit to avert a "catastrophic" default. Deputy Treasury Secretary Wally Adeyemo told CNN on Sunday: "If Congress failed to raise the debt limit by the time of default, we would go into a recession and it'd be catastrophic.

Energy

Money

Industry

Technology

Economy