Article content OSLO — The Norwegian government plans to raise taxes on electricity producers and fish farmers, giving a total extra income for the government of some 33 billion crowns ($3.03 billion) per year, the finance ministry said on Wednesday. ($1 = 10.8822 Norwegian crowns) (Reporting by Terje Solsvik, editing by Gwladys Fouche) Source link

Article content European stock index futures fell on Wednesday, in line with a sell-off in Asian markets, as a relentless surge in global bond yields and an intensifying energy crisis in the region fueled worries about a recession. The EURO STOXX 50 index futures fell 0.7%, as of 0614 GMT, while Germany’s DAX futures lost 0.9%, taking cues from Wall …

Article content SHANGHAI — Chinese real estate developer CIFI Holdings (Group) said the company is in active communication with financial institutions and seeking solutions, in response to news of missed debt repayment. Hong Kong-listed shares of CIFI tumbled more than 25% on Wednesday, and bonds also plunged, after credit intelligence provider Reorg reported that the Chinese developer missed payment of …

Article content ISLAMABAD — Seasoned politician and chartered accountant Ishaq Dar took the oath as Pakistan’s new finance minister on Wednesday, the prime minister’s office said in a statement. It is Dar’s fourth stint as finance minister, and he will have to deal with some of the worst economic turmoil the South Asian nation has faced. Article content Dar, who …

Article content BENGALURU, India — Mavenir, the Network Software Provider building the future of networks with cloud-native software that runs on any cloud and transforms the way the world connects, today announced to have commenced the production of 2G, 4G and 5G Open RAN Radios for the OpenBeam™portfolio in India, for Indian and other prominent worldwide bands. OpenBeam offers an …

Article content A look at the day ahead in European and global markets from Anshuman Daga What was meant to be a mini-budget is still thundering across financial markets. Article content While British finance minister Kwasi Kwarteng remarked on Sunday that he was focused on growth, not market moves following the carnage in the pound and bond prices, everyone else …