The European Central Bank on Thursday confirmed expectations of a 50 basis point interest rate increase, taking its key rate to 2.5%.Story Published at: February 02, 2023 at 01:21PM
European Central Bank raises rates by 50 basis points, pledges further hike in March
Twitter will start charging developers for API access as Elon Musk seeks to improve monetization
Twitter will start charging developers to get access to its API, a vital tool on the platform that powers popular services like TweetDelete and software bots.Story Published at: February 02, 2023 at 11:29AM
More than 13,000 Nigerian residents take Shell to court over oil spills
A combined 13,652 claims are asking Shell to take responsibility for the loss of their livelihoods.Story Published at: February 02, 2023 at 11:19AM
Adani losses top $100 billion in wake of Hindenburg Research report
Sell-off losses have been accruing since the Jan. 24 publication of a critical report from U.S. short seller Hindenburg Research.Story Published at: February 02, 2023 at 10:34AM
The U.S. Fed’s smaller rate hike brings dollar strength closer to its end
The U.S. dollar index continued to slump on Thursday as the Federal Reserve opted for a smaller interest rate hike of 25 basis points.Story Published at: February 02, 2023 at 07:03AM
Oil giant Shell posts highest-ever annual profit of $40 billion
The extraordinary scale of the industry’s earnings has renewed criticism and sparked calls for a Big Oil windfall profit tax.Story Published at: February 02, 2023 at 07:22AM
‘Greenwashing’ is a good thing, according to one renewable energy tycoon
“It’s everywhere … But you know, I take it as a good thing,” Ecotricity founder Dale Vince tells CNBC.Story Published at: February 02, 2023 at 06:49AM
Biden’s IRA has left Europe blind-sided. And playing catchup could lead to 2 big mistakes
The European Union is working against the clock to create a program to rival President Joe Biden’s unprecedented climate subsidies. Story Published at: February 02, 2023 at 06:48AM
Deutsche Bank smashes profit expectations in fourth quarter as higher interest rates bolster revenue
Story Published at: February 02, 2023 at 06:15AM
Hong Kong services to rebound as China reopens, but UBP says sector is coming from ‘fragile situation’
However, its economist warned that the sector will be “going from a very fragile situation,” given its contraction in every single quarter of 2022. Story Published at: February 02, 2023 at 05:44AM