LONDON: One year after Britain’s formal exit from the European Union, London’s powerful City financial sector still reigns on the continent despite losing key business and bankers to rival hubs.

MUMBAI: India’s Infosys raised its full-year revenue guidance yesterday, with the software giant forecasting robust demand for digital services after another strong quarter. The country’s second-largest IT firm exceeded analyst expectations with revenues of 318.67 billion rupees ($4.31 billion) in the three months to December 31, up 23 percent from last year.

WASHINGTON: US consumer prices in 2021 rose at the fastest pace in four decades, the government announced yesterday, an inflation wave that has troubled President Joe Biden as the economy recovers from the pandemic.

WASHINGTON: US consumer prices jumped last year at the fastest pace in four decades, the government confirmed Wednesday, underscoring the potent inflation wave that has sapped public support for President Joe Biden even as the economy recovers from the pandemic. 

FRANKFURT: Germany’s Climate and Energy minister Robert Habeck yesterday pledged to drastically ramp up renewable energy projects in the coming years, saying the country faced a “gigantic” task to meet climate protection goals.

FRANKFURT: Monetary policy in the eurozone needs to “be on its guard” in the face of record inflation, new Bundesbank President Joachim Nagel said yesterday, placing himself in the institution’s hawkish tradition.

NEW DELHI: The Indian government has agreed to forego $2.1 billion in interest payments and instead become the largest shareholder in British telecoms giant Vodafone’s local unit Vi, the company said yesterday.

Boutiqaat, the most distinguished e-commerce company in the GCC and Middle East in the field of fashion, perfumes and beauty, has announced the success of its biggest yet “Black Friday” campaign where discounts reached up to 50 percent.