Microsoft has stopped selling its products and services in Russia, following the country’s invasion of Ukraine. Major tech companies including Apple and Dell have made similar decisions. Microsoft said it had paused other aspects of its business in the country to comply
Stock markets have sunk as soaring oil and gas prices spark fears of a global economic shock from Russia’s invasion of Ukraine. Oil prices soared to $139 a barrel, the highest level for almost 14 years, while wholesale gas prices for next-day
Shell has defended its decision to purchase Russian crude oil despite the invasion and bombardment of Ukraine. The oil giant said in a statement that the decision to purchase the fuel at a discounted price was “difficult”. It confirmed that it had
Microsoft has stopped selling its products and services in Russia, following the country’s invasion of Ukraine. Major tech companies including Apple and Dell have made similar decisions. Microsoft said it had paused other aspects of its business in the country to comply
Interest rates have risen for the second time in three months as the Bank of England tries to curb a rapid rise in the cost of living. The hike to 0.5% from 0.25% came as the Bank warned that price rises could
Unions have reacted with fury after the Bank of England boss urged workers not to ask for big pay rises, to help stop prices rising out of control. Andrew Bailey told the BBC wage rises needed to be moderate with firms showing
Amazon is raising the price of its Prime service for US customers after reporting record sales and profits. The e-commerce giant said it was hiking the price by 17% to $139 for annual membership. The firm, which cited increased wage and shipping
Facebook’s owner Meta Platforms saw its stock market value slump by more than $230bn (£169bn) on Thursday, in a record daily loss for a US firm. Its shares fell 26.4% after quarterly figures disappointed investors. Meta also said that Facebook’s daily active
The US saw strong hiring last month, despite disruption caused by the Omicron variant of coronavirus. Employers added 467,000 jobs, the Labor Department said. That was far better than analysts had predicted. The jobless rate inched up from 3.9% in December to
Inflation is a battle people all over the world are fighting. But the struggle is particularly acute in Turkey where people are finding it increasingly difficult to make ends meet. They are making tough decisions about what they can afford and how
