Global Islamic Finance

News · Sep 02, 2022

Philips subsidiary to pay over $24 million for alleged false claims for medical equipment

By Kanishka Singh WASHINGTON (Reuters) -A subsidiary of Dutch medical device maker Philips has agreed to pay over $24 million to resolve alleged false claims ov..

News · Sep 02, 2022

Gorbachev died shocked and bewildered by Ukraine conflict – interpreter

By Andrew Osborn MOSCOW (Reuters) -Mikhail Gorbachev, the last Soviet leader, was shocked and bewildered by the Ukraine conflict in the months before he died an..

News · Sep 02, 2022

Sterling slides below $1.15 for first time since 2020

By Tom Wilson and Samuel Indyk LONDON (Reuters) -Sterling skidded against the dollar on Thursday to its lowest level since March 2020 as storm clouds gathered o..

News · Sep 02, 2022

EU regulator backs two Omicron-adapted COVID boosters

By Natalie Grover and Ludwig Burger (Reuters) -The European Union’s drug regulator on Thursday backed two separate COVID-19 vaccine boosters updated to target..

News · Sep 02, 2022

High inflation is bad for UK productivity – BoE’s Mann

LONDON (Reuters) – Britain’s very high inflation risks distracting businesses from the longer-term decisions needed to boost ailing productivity, Bank of En..

News · Sep 02, 2022

Euro zone economy faces growing risk of recession, survey shows

By Jonathan Cable LONDON (Reuters) – Manufacturing activity across the euro zone declined again last month as consumers feeling the pinch from a deepening cos..

News · Sep 02, 2022

New U.S. rules on EV subsidies slam Hyundai, Kia’s dreams

By Heekyong Yang and Ben Klayman SEOUL/DETROIT (Reuters) -After grabbing the No. 2 spot in the U.S. electric vehicle market with stylish, long-range models, Hyu..

News · Sep 02, 2022

Kosovo pushes ahead with car licensing rule resisted by Serbs

JARINJE, Kosovo (Reuters) -Dozens of U.S. NATO peacekeepers patrolled northern Kosovo on Thursday to preserve calm after Pristina announced that around 50,000 e..

News · Sep 02, 2022

First year of N.Ireland protocol required 1 million customs declarations

DUBLIN (Reuters) – Over 10,000 firms completed one million customs declarations to move goods from Britain into Northern Ireland in 2021, the first year of op..

News · Sep 01, 2022

Amazon introduces seller storage service to tackle supply chain woes

(Reuters) – Amazon.com Inc introduced a new service on Wednesday to help its sellers store bulk inventory and ease distribution to tackle supply chain issues,..

News · Sep 01, 2022

Exclusive-Naftogaz CEO prepared to step down if it would facilitate debt deal

By Andrea Shalal KYIV (Reuters) – The head of state-run Ukranian energy company Naftogaz is ready to step down if it would help the business to restructure it..

News · Sep 01, 2022

Global body urges EU to make company life simpler by aligning climate reporting

By Huw Jones LONDON (Reuters) – The European Union should make extra time to align its policies with international rules on reporting on climate change to sav..

News · Sep 01, 2022

Botswana awards Norway’s Scatec first large-scale solar plant contract

GABORONE (Reuters) – State-owned Botswana Power Corporation (BPC) has awarded Norwegian company Scatec ASA a contract to build a 50 MW solar plant, the compan..

News · Sep 01, 2022

French sugar makers to start output early as energy curbs loom

By Sybille de La Hamaide PARIS (Reuters) -France’s two largest sugar makers Tereos and Cristal Union will bring forward the start of their 2022 production ahe..

News · Sep 01, 2022

Hackers hit Italian oil company Eni’s computer networks

(Reuters) -Italian oil company Eni’s computer networks were hacked in recent days but the consequences appear to be minor so far, the company said on Wednesda..

News · Sep 01, 2022

Russia jobless rate stays at record low of 3.9% in July

MOSCOW (Reuters) – The number of people unemployed in Russia was 2.9 million in July, or 3.9% of the workforce, with the jobless rate staying at the record lo..

News · Sep 01, 2022

Barclays announces sale of remaining shares in South Africa’s Absa

LONDON (Reuters) – Barclays will sell its remaining 7.4% stake in South African bank Absa, it said on Wednesday, completing its exit from a more than 90-year ..

Companies · Aug 30, 2022

O’Grady to return to Bank of Ireland as CEO – Irish Times

DUBLIN (Reuters) – Bank of Ireland’s board has selected the group’s former chief financial officer Myles O’Grady to become its next chief executive, jus..

News · Aug 30, 2022

Parched UAE turns to science to squeeze more rainfall from clouds

By Abir Ahmar ABU DHABI (Reuters) – As a twin-turboprop aircraft takes off under the burning desert sun with dozens of salt canisters attached to its wings, U..

News · Aug 30, 2022

Schlumberger, Subsea 7 and Aker Solutions to form subsea engineering firm

OSLO (Reuters) – U.S. engineering firm Schlumberger and Norway’s Aker Solutions plan to merge their subsea oil and gas construction business and to bring in..

News · Aug 30, 2022

PIMCO cut big position in Russia CDS by adding bonds in Q2

By Davide Barbuscia NEW YORK (Reuters) – PIMCO’s largest investment fund bought Russia government international bonds and hedged its position through credit..

News · Aug 30, 2022

Toyota’s July global vehicle output drops again, puts annual target in doubt

(Reuters) -Toyota Motor Corp said on Tuesday its July global vehicle production had fallen 8.6% year-on-year, missing its target for the fourth straight month, ..

News · Aug 30, 2022

Rate fever propels dollar, wallops stocks and bonds

By Dhara Ranasinghe and Koh Gui Qing NEW YORK/LONDON (Reuters) – World stocks slumped on Monday as the growing risk of more aggressive U.S. and European inter..

News · Aug 30, 2022

EEX markets to remain open as power prices soar – statement

FRANKFURT (Reuters) – The European Energy Exchange said on Monday the bourse would remain open in its transparent price-setting role following significant pow..

News · Aug 29, 2022

Swiss watchmakers remain upbeat ahead of Geneva gathering

By Silke Koltrowitz ZURICH (Reuters) – Swiss watchmakers are not seeing signs so far that geopolitical tensions and recession fears are hitting demand for lux..

News · Aug 29, 2022

Sony to buy mobile game developer in push beyond consoles

By Sam Nussey TOKYO (Reuters) – Sony Group Corp on Monday said it will acquire Helsinki and Berlin-based mobile games business Savage Game Studios for an undi..

News · Aug 29, 2022

Finnair partners with Qatar Airways in search of new routes

(Reuters) – Finnair will establish a strategic partnership with Qatar Airways to open up new routes from Nordic capitals to the Qatari capital Doha, the Fi..

News · Aug 29, 2022

IKEA stores owner buys 49% stake in Swedish wind power projects

STOCKHOLM (Reuters) – Ingka Group, the owner of most IKEA stores worldwide, on Monday said it has agreed to buy a 49% stake in three wind development projects..

News · Aug 29, 2022

Oil rises on prospect of OPEC supply cut, demand growth

By Sonali Paul and Mohi Narayan (Reuters) -Oil prices rose 1% on Monday, as expectations that OPEC would cut output if needed to support prices, coupled with co..

News · Aug 29, 2022

NASA’s next-generation megarocket set for debut test launch to moon

By Joey Roulette and Steve Gorman CAPE CANAVERAL, Fla. (Reuters) – NASA’s colossal next-generation rocketship was set for its long-awaited debut launch on M..

News · Aug 29, 2022

Johnny Depp makes surprise appearance at MTV’s Video Music Awards

By Lisa Richwine (Reuters) – Actor Johnny Depp, who is trying to rebuild his career after an ugly defamation fight with his ex-wife Amber Heard, appeared as a..

News · Aug 29, 2022

China July industrial profits down as COVID curbs, heatwaves hit

SHANGHAI (Reuters) -Profits at China’s industrial firms sank in July, reversing previous gains as fresh COVID-19 curbs dragged down demand and squeezed factor..

News · Aug 26, 2022

Sentiment among German exporters falls for third month in a row -Ifo

BERLIN (Reuters) – Sentiment among German exporters fell for the third month in a row in August as high gas prices and a weak global economic environment weig..

News · Aug 26, 2022

New UK PM will need to take urgent action on energy bills – Ofgem CEO

LONDON (Reuters) – Britain’s new prime minister will need to act urgently to address the issue of soaring energy prices, the chief executive of energy regul..

News · Aug 26, 2022

UK’s Micro Focus shares nearly double after Canada’s OpenText agrees $6 billion takeover

By Eva Mathews and Krystal Hu (Reuters) -Shares of Micro Focus soared more than 90% on Friday after Canadian software company OpenText agreed to buy the enterpr..

News · Aug 26, 2022

Most of BP’s Whiting refinery units shut following fire -sources

HOUSTON (Reuters) -Most of the units at BP Plc’s 435,000 barrel-per-day Whiting, Indiana, refinery were out of production on Thursday following a Wednesday ni..

News · Aug 26, 2022

Decision to end ECB reinvestments takes back seat to rate hikes, sources say

By Balazs Koranyi JACKSON HOLE, Wyo. (Reuters) – The European Central Bank could soon start talks on ending reinvestments of cash maturing in its 3.3 trillion..