The cap is to be reviewed every two months, with the option to modify it according to price changes.
Turkish Airlines quickly overcame the negative financial effects of the Covid-19 pandemic, while Lufthansa's recovery period has been more difficult.
The spectacular implosion of FTX recently sent fresh shock waves through the cryptocurrency industry, with the value of bitcoin down sharply this year.
EU lashes out at Washington DC's new green subsidies law asserting that it discriminates against the bloc, raising concerns that the law could trigger fragmentations in the West.
Major oil-producing countries led by Saudi Arabia and Russia agree to maintain their current output levels at a meeting, ahead of fresh sanctions against Moscow coming into force, sources say.
Twitter's internal files appear to show the previous management buried or blocked Hunter Biden’s abandoned laptop scandal story during the 2020 US presidential election.
Western leaders want to bleed Moscow financially but China and India haven't indicated if they plan to abandon the purchase of Russian oil.
Billionaire introduces his company's first heavy-duty truck at an event in electric automaker's Nevada plant, making its first foray into the trucking industry.
Global markets reacted positively to comments by Federal Reserve chief Jerome Powell who said it "makes sense to moderate the pace of our rate increases as we approach the level of restraint that will be sufficient to bring inflation down".
French President Macron says the subsidies issue behind US counterpart Joe Biden's signature policy, the Inflation Reduction Act, could become a real sticking point in US relations with Europe.
Cut off by its biggest gas supplier Russia since the end of August, Germany has been desperately looking for alternatives to mitigate its energy crisis.
In a flurry of tweets, Twitter's new owner has claimed Apple is threatening to remove the social platform from its App Store and defended his policy vision as a safeguard for free speech.
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