 | | | | Hungary's Finance Minister Mihaly Varga told his EU counterparts on Friday that his country could not support a reform of corporate taxation at this stage, effectively preventing a deal at EU level. | | | | | | Garuda Indonesia's proposal for restructuring its more than $9 billion of debt won the approval on Friday from the vast majority of the airline's creditors, officials said, staving off the risk of bankruptcy at the embattled flag carrier. | | | | | | Chances of Britain heading into a recession over the next year or two have increased amid soaring inflation due to the country's vulnerability to external shocks, J.P.Morgan economists said on Friday, a day after the Bank of England raised borrowing costs. | | | | | | At least five employees were fired by private rocket company SpaceX after drafting and circulating an open letter criticizing founder Elon Musk and calling on executives at the start-up to change the company's work culture to make it more inclusive, according to two people familiar with the matter. | | | | | | U.S. stock index futures bounced back on Friday from a brutal Wall Street selloff this week after the Federal Reserve's largest rate hike since 1994 and tightening measures by other major central banks raised fears of a recession. | | | | | | At least five employees were fired by private rocket company SpaceX after drafting and circulating an open letter criticizing founder Elon Musk and calling on executives at the start-up to make the company's work culture more inclusive, according to two people familiar with the matter. | | | | | | Russia's economy may need a decade to return to the pre-sanctions levels of 2021, the chief executive of the country's top bank Sberbank said on Friday, as economic curbs have cut the country off from half of its trade. | | | | | | China's central bank has accepted Ant Group's application to set up a financial holding company, three people with knowledge of the matter said, a key step in finishing a year-long revamp of Jack Ma's fintech business and reviving its stock market debut. | | | | | | The Russian subsidiary of Alphabet's Google has submitted a declaration of bankruptcy, Interfax reported on Friday, citing court filings online. | | | | | | Indian conglomerate Reliance Industries is considering buying out Revlon Inc in the United States, days after the cosmetics giant filed for bankruptcy, business channel ET Now reported on Friday, citing sources. | | | | | |
