Markets

-U.S. basketball player Brittney Griner arrived at a courtroom on the outskirts of Moscow on Friday to face trial on drug charges that could see her face up to 10 years in prison. Arriving at Khimki City Court in handcuffs, the 31-year-old athlete was seen…

Japanese policymakers worried about the yen sliding lower are increasingly also having to watch out for it rebounding, officials told Reuters, signalling that currency-market intervention is less likely than some investors expect. Japan has stepped up its warnings about sharp yen falls including a rare…

Italian supercar brand Lamborghini plans to invest at least 1.8 billion euros ($1.88 billion) to produce a hybrid lineup by 2024 and more to bring out its fully electric model by the end of the decade, Chief Executive Stephan Winkelmann told Il Sole 24 Ore.…

Vodafone is working with Google to extend the battery life of a smartwatch by reducing the “chatter” between the device and the network, a bigger drain of energy than screen brightness and other settings targeted by low power modes. The mobile operator has developed an…

The European Central Bank will buy bonds from Italy, Spain, Portugal and Greece with some of the proceeds it receives from maturing German, French and Dutch debt in a bid to cap spreads between their borrowing costs, sources told Reuters. The ECB will kick off…

TotalEnergies has increased a summer discount on French fuel prices by 2 cents as the government pressures companies to do more to help customers grappling with accelerating inflation. The French energy giant said on Thursday it would offer a discount of 0.12 euros per litre…

The euro fell to a two-week low against the U.S. dollar and remained close to a 2015 low versus the Swiss franc amid safe-haven demand on renewed worries about higher rates and a global recession. The Swedish crown trimmed early gains against the euro after…

By Andres Gonzalez, Echo Wang and Lucy Raitano Recession fears and Russia’s invasion of Ukraine sent a chill through equity capital markets (ECM) in the second quarter, depriving bankers of lucrative fees for arranging stock sales such as initial public offerings (IPOs). The slowdown drove…

Alphabet unit Google has been targeted by a French consumer group and its peers in complaints to privacy watchdogs over its vast trove of users’ personal data harvested via their Google accounts, European consumer organisation BEUC said on Thursday. In addition to the French consumer…

The Russian rouble rallied on Wednesday to its strongest levels in more than seven years, nearing 50 against the dollar for the first time since May 2015. The rouble has become the world’s best-performing currency this year, boosted by measures – including a ban on…