Economy
Stockholm tests electric 'flying' ferry
One metre above the surface, a fully electric ferry is speeding across the waters of Stockholm as a Swedish company prepares to start taking its first regular passengers. The company, Candela, is due to start taking passengers between the island of Ekero and central Stockholm in October -- a busy route that should take 35 minutes with the new ferry, half the time it takes by land.
Climate change risk stirs oil market
From forest fires to hurricanes and other natural disasters: climate change risk is increasingly influencing oil prices, just as the world is struggling to shift away from high-polluting fossil fuels. Earlier this year meanwhile, oil market sentiment was jarred in May as forest fires broke out in Canada.
Fake luxuries supplant tradition in Istanbul's Grand Bazaar
Cut-price branded perfumes and fake high-end handbags line the ornate alleys of Istanbul's Grand Bazaar, with traditional merchants saying the luxury counterfeits are stripping the marketplace of its character. Two aisles down, tea set-seller Gazi Uludag lamented that the Grand Bazaar has "lost its unique character".
HSBC names CFO Elhedery as next chief executive
HSBC on Wednesday named chief financial officer Georges Elhedery as the bank's next chief executive to drive "the next phase of development and growth". "The Board concluded that Georges was the outstanding candidate and we look forward to working together as he leads HSBC through the next phase of development and growth."
Stocks, dollar swing as rate bets offset by Trump inflation talk
Equities and the dollar were rangebound Wednesday while gold hit a fresh record as expectations for a US interest rate cut played up against the prospect of another Donald Trump presidency that analysts say could see inflation-fuelling tax cuts and tariffs.
Rich Chinese exile guilty of fraud in New York
A wealthy Chinese businessman Guo Wengui, a self-styled opponent of the authorities in Beijing, was found guilty of defrauding customers of more than $1 billion in a New York federal court on Tuesday, prosecutors said.
Musk to move companies out of California over transgender law
Elon Musk on Tuesday said he will move the headquarters of SpaceX and X to Texas after a California law blocked schools from forcing teachers to notify parents about changes to a student's gender identity.
After declaring highest profit in 5 years, Nigerian bank shares good news about meeting CBN's target
Jaiz bank's chairman said the organisation's achievements were pleasing to him and the earnings for the H1 of 2024 had already exceeded profit for the year prior.
Musk leads Silicon Valley rally behind Trump
Elon Musk's decision to throw his vast fortune behind Donald Trump's presidential candidacy confirms the rise of a growing right-wing bloc in the traditionally liberal Silicon Valley. Closing out Trump's fellow travelers in Silicon Valley are top executives from Palantir, a data analytics firm co-founded by Thiel that specializes in national security work.
Economy
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