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Adani empire tumbles again with stock sale hanging in the balance
Adani empire tumbles again with stock sale hanging in the balance
Business and Economy
by  AFP

Investors dumped more Adani shares on Tuesday, deepening the carnage at India's biggest conglomerate which has already lost around $70 billion in value after allegations of "brazen" corporate fraud. Shares in Adani Total Gas saw the biggest fall on Tuesday with trading halted for another session after diving 10 percent in the morning.

Winter not over, but Europe braces for the next one
Winter not over, but Europe braces for the next one
Business and Economy
by  AFP

Europe has weathered the energy crisis that followed Russia's invasion of Ukraine so far, but businesses and households are already thinking about how to get through the next winter. After Russia's invasion, European energy prices hit record levels -- surpassing 300 euros per megawatt hour in August before a falloff after governments rushed to boost storage.

Pakistan's economy in 'collapse' as IMF visits
Pakistan's economy in 'collapse' as IMF visits
Business and Economy
by  AFP

Pakistan is gripped by a major economic crisis, with the rupee plummeting, inflation soaring and energy in short supply as IMF officials visit to discuss a vital cash injection. In Pakistan, time is of the essence, with Nasir Iqbal from the Pakistan Institute of Development Economics warning the economy had already "virtually collapsed" due to mismanagement and political turmoil.

High energy bills deal heavy blow to Belgian glassware business
High energy bills deal heavy blow to Belgian glassware business
Business and Economy
by  AFP

When energy prices blew up last year in the wake of Russia's war in Ukraine, Belgian glassblower Christophe Genard had no other option but to close for three months. The Federation of Belgian Enterprises (FEB) warned this month of spiralling costs for businesses because of higher energy prices and inflation-related wage hikes.