Browsing: Business

MENA Newswire: Canon Europe today sets a new standard in production print with the launch of its brand-new cut-sheet digital color press, the imagePRESS V1000. Overcoming the day-to-day production challenges faced by commercial and in-house print service providers (PSPs), the

Russian gas has been cut off to Finland, the third European country that refuses to accept ruble payments. Finland stopped receiving gas from Russia at 7 a.m. local time on Saturday, according to a statement from Gasum. A European Union

As the island nation battles a crippling economic depression, Sri Lanka’s newly appointed prime minister issued a warning of a food shortage, pledging to buy enough fertilizer to enhance productivity in the coming planting season. President Gotabaya Rajapaksa’s decision to

Tesla’s share price collapsed erasing a large chunk of the wealth of the world’s richest man Elon Musk. Musk’s net worth has dropped to $218 billion as Tesla’s shares are down 6.8%, according to Forbes. Musk’s wealth has been diminishing

The United States Treasury Department has imposed severe sanctions against Hezbollah, specifically targeting the group’s financial facilitator, Lebanese businessman Ahmad Jalal Reda Abdallah, and his companies. The Treasury Department’s Office of Foreign Assets Control has sanctioned eight of Abdallah’s companies

Pakistan has banned imports of all non-essential luxury goods in order to stabilize its fragile economy, the minister of information said, calling the situation an economic emergency. Its current account deficit is spiraling out of control, while its foreign exchange

On Wednesday, the Dow Jones Industrial Average recorded its biggest plunge since 2020 after another prominent retail company warned of escalating prices, reinforcing investors’ apprehensions about future inflation, and triggering the catastrophic 2022 sell-off. The Dow lost 1,164.52 points, or

A United Nations report accuses Lebanon’s central bank and the banking sector of human rights violations as a result of their alleged role in one of the world’s worst economic and financial crises. A UN report criticizing Lebanon’s government singled

Before finalizing his agreement to buy Twitter, Elon Musk wants to know more details about the number of fake accounts on the social media platform. He said that he wants more details about how many Twitter accounts are fake or

Bitcoin fell below $27,000 for the first time in over 16 months on Thursday. This was amid concerns about rising inflation and the collapse of a controversial stablecoin project. According to Bitstamp data, Bitcoin sank as low as $26,595.52 Thursday