International News
British Airways to axe more flights
British Airways is to cancel a further 1,500 flights this summer as it battles the ongoing travel chaos plaguing the aviation sector.
US open: Stocks head south amid ongoing recession worries
Wall Street stocks were firmly in the red early on Tuesday as the US dollar rallied against the Euro and recession fears returned to the forefront of investors' minds.
Fears of Europe energy shock could weigh on euro
The European single currency may remain weak in the near-term due to concerns about soaring energy prices in Europe.
European natural gas prices spike as Equinor workers strike
European natural gas prices were on the rise again after workers at Norway's Equinor initiated a strike action overnight.
SAS files for bankruptcy protection in US
Scandinavian carrier SAS has filed for bankruptcy protection in the US after a pilots strike grounded its planes.
How will EU's MiCA regulation affect Bitcoin and cryptos?
Companies offering cryptoasset-related services happily welcomed the news that the three institutional bodies of the European Union (EU), the European Parliament, Commission and Council reached an agreement on the text of the proposed cryptocurrency market regulation. The landmark cryptoasset markets legislation (MiCA) will introduce licensing of cryptocurrency companies and safeguards for their customers and the industry has been favorable to the measure which, however, contains controversial points for users such as the taxation of self-hosted wallets.
US pre-open: Futures in the red as USD rallies against EUR
Wall Street stocks were in the red ahead of the bell as the US dollar rallied against the Euro.
China's economy rebounds as pandemic restrictions ease
The services sector rebounded strongly in China last month, data published on Tuesday showed, as strict Covid-19 restrictions were eased.
Biden administration said to be mulling partial roll back of US trade tariffs on China
The Biden administration is expected to announce a partial roll back of US trade tariffs on Chinese goods exports as soon as this week.
Eurozone growth slows to 16-month low
Eurozone growth slowed sharply in June, a well-regarded survey showed on Tuesday, as the dominant services sector started to cool.
RBA lifts interest rates for third month in a row
Australia’s Reserve Bank increased its key cash interest rate for the third time in as many months and warned of more action as it looked to stymie rising inflation.
Asia report: Shares edge higher on US-China trade hopes; RBA lifts rates
Asian shares were broadly higher after the US Independence Day holiday as Australia’s central bank raised interest rates for the third consecutive month and investors took heart from a possible easing of China-US trade tensions.