worldbusinessstar
EU looking to relax the rules of cutting-edge chip plant
The European Union may ease state-aid rules. This is to allow the funding of new chip plants for tackling the shortages in the bloc....
More time given to form new government – Swedish finance minister
Swedish Finance Minister Magdalena Andersson has been given more time to try to form a new government. She is hopeful of striking a deal with the...
Risks for German finance revolve around rates
The new president of Germany’s financial watchdog BaFin said that the greatest risks for the financial sector revolve around interest rates. BaFin President Mark...
Spain’s Sabadell rejects offer from Co-op bank
Spain’s Sabadell said that its board has rejected an offer from Co-operative Bank for its British subsidiary TSB. This is after Sky News first reported about...
Former Credit Suisse security head targeted
Credit Suisse’s former head of global security services is one of three people targeted in a new investigation. This was announced by Swiss financial...
Stanchart sets new interim goals
Standard Chartered set new targets for reducing its funding to carbon intensive sectors by 2030. This is as a part of the goal to...
Central bank moves among the top risks to global economy
Central banks reducing emergency stimulus too quickly. And then, the supply chain disruption is among the top risks to the world economy. This is according...
Supply chain problems hits the computer mouse maker Logitech
Logitech International SA shares plunged 6%. This is after the computer peripherals maker reported a steep fall in operating profit. They stated that it...
Euro zone bond markets point to stagflation
Short-dated euro zone bond yields jumped. Long-term inflation expectations hit a new seven-year high. This is by putting pressure on European Central Bank officials for addressing...
EU pledges faithful application of global bank capital rules
The European Union published draft laws to faithfully implement the final batch of tougher global bank capital rules from 2025. After the initial rules, banks in Europe...
