Business

Houthis capture Red Sea port in blow to Saudis

Rebels overrun historic Yemeni port of Mocha as they advance south towards strategic Bab al-Mandeb Strait

Existing Home Sales Fall to Weakest in More Than a Year

Sales of previously owned homes in the US slowed last month to their weakest pace in more than a year. Michael McKee reports on "Bloomberg Open Interest." (Source: Bloomberg)

Wall Street dips, oil continues climb ahead of US inflation data

Germany to increase defense spending to 3.5% of GDP by 2029 — foreign minister

Johann Wadephul emphasized that investments in defense infrastructure should be added to this figure

I’m always covering for a lazy employee. How can I deal with him without going crazy?

“He does just enough to stay afloat, so I cannot put him on a PIP.”

Polymarket taps finance veteran Warren Jenson as CFO

Polymarket taps finance veteran Warren Jenson as its first CFO

Mexican Peso at 2024 Peak Is ‘Major’ Business Headwind, CCE Says

The Mexican peso — near its strongest level in more than two years — is a “major challenge” for companies in the country, according to the head of a leading business group.

Vauban Said to Near Deal for EQT-Backed Swedish Fiber Business

Vauban Infrastructure Partners has emerged as the leading bidder for EQT AB-backed GlobalConnect’s fiber business in Sweden, people familiar with the matter said.

Bank of Russia lowers dollar exchange rate for September 11 to 84.35 rubles

The official euro exchange rate was lowered by 96.69 kopecks to 98.2856 rubles

Dollar Has Best Day in Two Weeks as PPI, Oil Add to Fed Bets

The dollar jumped after a US producer price report suggested inflationary pressures are increasing and oil prices rose, with both adding to expectations that the Federal Reserve will raise rates this year.

Apple’s iPhone Duo looks ‘amazing,’ but are Saudis willing to pay?

RIYADH: Apple has released its first foldable iPhone to great fanfare, but its $1,999 price tag will test the resilience of premium smartphone demand in Saudi Arabia as the wider market contracts. The Kingdom has been one of the technology…