Europe Archives - News OTG

Norway’s gigantic sovereign wealth fund loses a record $164 billion

2 min read

Norway’s gigantic sovereign wealth fund loses a record $164 billion

Timilehin Adejumobi January 31, 2023

The $1.3 trillion fund was established in the 1990s to invest the surplus revenues of Norway’s oil...

Convergence Partners’ $296M to fund African tech assets

2 min read

Convergence Partners’ $296M to fund African tech assets

Feyisayo Ajayi January 30, 2023

Convergence Partners invests $296 million to bridge Africa's digital divide with opportunities for private equity investment

Asia shares turn cagey as rate hikes, earnings loom

1 min read

Asia shares turn cagey as rate hikes, earnings loom

Timilehin Adejumobi January 30, 2023

Asia has been no slouch either as China's swift reopening bolsters the economic outlook, with MSCI's broadest...

LVMH’s shares wobble after China takes margin toll

1 min read

LVMH’s shares wobble after China takes margin toll

Timilehin Adejumobi January 27, 2023

But some analysts focused on the margins, taking some of the shine off the fourth-quarter sales boost.

Microsoft scrambles to fix global outage

1 min read

Microsoft scrambles to fix global outage

Timilehin Adejumobi January 26, 2023

Thousands of incidents were logged by the tracking website Downdetector, with complaints particularly affecting users in Asia...

Eurozone returns to growth after six-month crunch: data

1 min read

Eurozone returns to growth after six-month crunch: data

Timilehin Adejumobi January 24, 2023

The European economy has benefited from lower inflation, improved supply chains and the recent reopening of China's...

OPEC development fund raises $1bln with first ever bond

1 min read

OPEC development fund raises $1bln with first ever bond

Timilehin Adejumobi January 20, 2023

It is a label that has a growing appeal for investors increasingly looking to use their resources...

Stocks and oil slide on rekindled recession worries

1 min read

Stocks and oil slide on rekindled recession worries

Timilehin Adejumobi January 19, 2023

An early 0.5% slide in Europe (.STOXX) after a bad day for the Nikkei (.N225) meant the all-world share indexes (.MIWD00000PUS) were facing...

German economy holds up in 2022 despite Ukraine war fallout

1 min read

German economy holds up in 2022 despite Ukraine war fallout

Timilehin Adejumobi January 13, 2023

The expansion was slower than the 2.6 percent growth in 2021, with GDP "stagnating" in the fourth...

Sweden is facing its ‘day of reckoning’ as house prices plummet

2 min read

Sweden is facing its ‘day of reckoning’ as house prices plummet

Timilehin Adejumobi January 11, 2023

But now property prices are tumbling. And this downturn is not surprising given the “dysfunctional” nature of...

European natural gas prices return to pre-Ukraine war levels

1 min read

European natural gas prices return to pre-Ukraine war levels

Timilehin Adejumobi December 29, 2022

The spiking prices sent household energy bills soaring and have fueled a cost-of-living crisis across much of...

Youth in Spain see jobs gain after years of instability

1 min read

Youth in Spain see jobs gain after years of instability

Timilehin Adejumobi December 19, 2022

Youth unemployment rates that reached more than 55% in the years after the financial crisis fell to...

Philippines trims 2023 GDP growth target due to global risks

1 min read

Philippines trims 2023 GDP growth target due to global risks

Feyisayo Ajayi December 5, 2022

IMF Managing Director Kristalina Georgieva stated last week that the consequences of the Ukraine conflict and concurrent...

Indian pharma exports rise by 4.22 pc

1 min read

Indian pharma exports rise by 4.22 pc

Feyisayo Ajayi November 27, 2022

67.5 percent of all exports, or approximately $5 billion, are made to the NAFTA nations of the...

Dollar nears 3-mth low, shares climb after Fed tests the brakes

1 min read

Dollar nears 3-mth low, shares climb after Fed tests the brakes

Timilehin Adejumobi November 24, 2022

"The Federal Reserve minutes signalled that some sensible voices are trying to drown out Fed Chair Powell’s...

Europe

Europe is set to ramp up its oil war against Russia — and markets are bracing for more disruption

Norway’s gigantic sovereign wealth fund loses a record $164 billion

Convergence Partners’ $296M to fund African tech assets

Asia shares turn cagey as rate hikes, earnings loom

LVMH’s shares wobble after China takes margin toll

Microsoft scrambles to fix global outage

Maersk and MSC end vessel sharing alliance, plan individual strategies

Eurozone returns to growth after six-month crunch: data

Wolfspeed plans multi-billion dollar chip factory in Germany – Handelsblatt

OPEC development fund raises $1bln with first ever bond

Stocks and oil slide on rekindled recession worries

Russian gas will eventually return to Europe as nations ‘forgive and forget

German economy holds up in 2022 despite Ukraine war fallout

The U.S. economy and stocks face a difficult year — and could even lag Europe

Sweden is facing its ‘day of reckoning’ as house prices plummet

World Bank makes big cut to its 2023 growth outlook, says globe is ‘perilously close’ to recession

Vietnamese Billionaire Pham Nhat Vuong-Backed VinFast Delays First US Car Deliveries to Jan.

India’s $200 billion textile market struggles as US and Europe Cut Spending

Stock futures rise as Wall Street tries to recover from Tuesday’s rocky session

Credit Suisse reshuffles investment bank after senior departure – memos

Canada’s Wealthiest, David Thomson’s Fortune Soars $4.6 Billion in 2022

European natural gas prices return to pre-Ukraine war levels

Russia ready to resume gas supplies to Europe via Yamal-Europe pipeline -Novak

Global shares edge up, but face patchiest yearly performance since 2008

Moscow Exchange says 2022 trading volumes surpassed $14.4 trillion

Youth in Spain see jobs gain after years of instability

German, Chinese and S.Koreans dominate auto investment and subsidies in Hungary

Philippines trims 2023 GDP growth target due to global risks

Indian pharma exports rise by 4.22 pc

U.S. shoppers alone in boosting Black Friday spend as cost-of-living crisis hits Europe

Dollar nears 3-mth low, shares climb after Fed tests the brakes

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