Business

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Hong Kong leader apologises and housing minister resigns after fire investigation exposes failures

Hong Kong Chief Executive John Lee apologised on Thursday for a fire that ravaged a residential tower block in Tai Po in November 2025, killing 168, injuring 79 and displacing thousands of others. Housing Secretary Winnie Ho resigned…

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ECB President Lagarde resigns after months of speculation

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Russia, Africa establish payment channels with 85% of transactions conducted in rubles

The promotion of economic and investment partnerships between Russia and countries on the continent is directly facilitated by the reliable and seamless channels for mutual settlements in national currencies, the Russian president noted

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ECB President Christine Lagarde to step down in February 2027, nine months before term ends

European Central Bank President Christine Lagarde will step down on February 7, 2027, nearly nine months before her term expires, the ECB said Thursday. Her successor will be appointed by the European Council under EU treaty rules.

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Trans-Arctic Transport Corridor's eastern part may develop cargo traffic to APAC markets

Among significant sections of this eastern corridor, Vostokgosplan Director Mikhail Kuznetsov highlighted Chukotka, where the port of Pevek's upgrade, the development of transshipment terminals and related infrastructures will build up the…

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Africa: The Continent's Industrial Leap Begins With Its Own Strengths

[allAfrica] World Cotton Day should measure more than output. It should ask how much manufacturing, employment and African-owned value the continent creates from every bale it grows.

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Software stocks slide as Fortinet, ServiceNow fail to meet lofty investor expectations

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Cosco Profit Jumps Most in Two Years as Turmoil Supports Rates

Cosco Shipping Holdings Co. earnings jumped the most in two years as persistent geopolitical disruptions rerouted trade routes, tying up more of its vessels for longer while container rates surged.

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Lagarde to Step Down as ECB President on Feb. 7 (Video)

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ECB President Lagarde resigns effective Feb 7

FRANKFURT, Oct 29 - European Central Bank President Christine Lagarde had resigned and will step down on February 7, the ECB said in a statement on Thursday.

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Brazil Brewer Ambev Profit Falls 10%

Brazil's Ambev earned US$816 million as reported profit fell 10.2%, while normalized profit rose 14.3% and a share buyback was approved. The post Brazil Brewer Ambev Profit Falls 10% appeared first on The Rio Times .

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‘There may be better investment options’: My church received $1.5 million from a parishioner. Is 3.75% interest enough?

“Given the size and long-term nature of this gift, we want to make sure the funds are managed prudently.”