The euro's plunge against the dollar, triggered by the Ukraine war and mounting risks to the EU economy, has driven the two currencies to parity for the first time in two decades.. - Fed slowdown - For economists at Berenberg, the euro's fall is more attributable to the strength of the dollar, which has "appreciated strongly against a broad basket of currencies since mid-2021".
A two-day meeting of finance ministers from the Group of 20 major economies ended Saturday in Indonesia without a joint communique after Russia's war in Ukraine divided the global forum.. US Treasury Secretary Janet Yellen, Australian Treasurer Jim Chalmers and Canadian Finance Minister Chrystia Freeland on Friday blamed the invasion of Ukraine for sending a shockwave through the global economy.
A two-day meeting of G20 finance ministers in Indonesia is expected to end Saturday without a joint communique, two officials said, after Russia's war in Ukraine overshadowed proceedings.. In place of a formal communique will be a statement by Indonesia, which holds the G20 presidency, said one official who spoke on condition of anonymity.
British drugs giant GlaxoSmithKline on Monday demerges its newly-named consumer healthcare unit Haleon, resulting in what is set to be London's largest new stock market listing in more than a decade.. - 'Landmark London listing - "This will be the largest London stock market listing in a decade, with the new company becoming a big beast with a new skin in the consumer goods world," said Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown.
Colombian celebrity designer Nancy Gonzalez's fall from grace was sudden and spectacular: taken in handcuffs from her luxury home in Cali last week to a Bogota jail cell, accused of smuggling protected animal skin purses into the United States.. Footage released by the Colombian prosecutor's office showed the glamorous businesswoman led away in handcuffs after a raid on her luxury home in Cali last week.
Anxious employees, wary advertisers and hamstrung management: Twitter is limping along as it waits to learn how the fight over Elon Musk's buyout bid will end.. But there's been nothing normal about Musk's unsolicited bid that he's now backed away from, saying Twitter has obfuscated on the number of fake accounts on the platform.
Tesla chief Elon Musk asked a Delaware court Friday to reject a bid by Twitter to put their $44 billion merger lawsuit on trial in September, instead asking to push it back until next year.. But Musk asked that the trial not start before February 13, citing the complexities involved.
A Turkish businessman wanted on money laundering, wire fraud and obstruction charges was extradited from Austria to the United States on Friday, the Justice Department said.. Korkmaz was arrested in Austria in June of last year and had been fighting extradition to the United States, telling a Turkish reporter from jail that he would rather face justice at home, where he is also wanted for money laundering and fraud.
Citigroup reported better-than-expected results Friday following a strong performance in trading, as executives described US consumption as healthy despite rising inflation.. Chief Financial Officer Mark Mason told reporters that Citi's credit card business also had a "very, very strong performance," indicating consumers remain on solid footing for now.
The United States said Friday it would resume flights to the International Space Station with Russia, despite its attempts to isolate Moscow over the invasion of Ukraine.. NASA said that the International Space Station was always designed to be operated jointly with participation from the space agencies of the United States, Russia, Europe, Japan and Canada.
