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Technology

Exclusive: Tencent scraps plans for VR hardware as metaverse bet falters – sources

 Tencent Holdings is abandoning plans to venture into virtual reality hardware, as a sobering economic outlook prompts the Chinese tech giant to cut costs and headcount at its metaverse unit, three sources familiar with the matter said. The world’s largest video game publisher had ambitious plans to build both virtual reality software and hardware at an […]

Banking Business Finance

India government says court should check ‘truthfulness’ of Hindenburg report on Adani

The Indian government has told the country’s top court that the “truthfulness” of allegations made by a U.S. short seller against the Adani Group should be examined, according to a government filing seen by Reuters. The Supreme Court is yet to issue an order on setting up a panel proposed to examine investor protection mechanisms in the […]

Economy World

Finland’s NATO membership is now in “Turkey’s hands”, Finnish president says

The fate of Finland’s bid to join NATO is in “Turkey’s hands”, President Sauli Niinisto said on Friday, after the Finnish parliament agreed it would ratify NATO’s founding treaties on Feb. 28. Last May, Finland and neighbouring Sweden applied to join the Western military alliance in response to Russia’s invasion of Ukraine. But existing member Turkey has […]

Covid-19 Economy Omicron

China declares ‘decisive victory’ over COVID-19

China’s top leaders declared a “decisive victory” over COVID-19, claiming the world’s lowest fatality rate, although experts have questioned Beijing’s data as the coronovirus tore across the country after largely being kept at bay for three years. China abruptly ended its zero-COVID policy in early December, with 80% of its 1.4 billion population becoming infected, a prominent […]

Business Energy

New York’s JFK Airport terminal remains closed after power outage

A terminal at New York City’s John F. Kennedy International Airport (JFK) will remain closed on Friday due to an electrical power outage, disrupting inbound and outbound flights at one of the world’s busiest airports. The outage began on Thursday in Terminal 1, which serves several international carriers, including Air France and Lufthansa. As of […]

Business Finance

Portugal ends Golden Visas, curtails Airbnb rentals to address housing crisis

Portugal announced on Thursday a hefty package of measures to tackle a housing crisis, including the end of its controversial “Golden Visa” scheme and a ban on new licenses for Airbnbs and other short-term holiday rentals. Rents and house prices have skyrocketed in Portugal, which is among the poorest countries in Western Europe. Last year, […]

Economy Energy

European natural gas demand tracker

High and volatile European energy prices are being driven by extraordinarily tight supply-demand balances in energy markets, particularly for natural gas. The primary solution is to reduce demand and the European Union has agreed a target to reduce gas demand by 15% from August 2022 to March 2023. This dataset tracks monthly natural gas demand by EU country, with […]