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Turkish lira rebounds from historic lows amid rate controversy

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After hitting historic lows on Tuesday, Turkey's currency has recovered slightly. The lira has lost 40% of its value against the US dollar since the start of the year, amid a series of controversial interest rate cuts and double-digit inflation.

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Winners and losers of Microsoft’s $75 billion deal to buy Activision Blizzard

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Shares in Sony slumped more by than 10 percent in Tokyo on Wednesday on news of Microsoft's $75 billion deal to buy the video games maker Activision Blizzard. Investors fear the acquisition could mean popular titles like Call of Duty would be moved exclusively to Microsoft platforms. FRANCE 24's Business Editor Stephen Carroll examines the consequences of the deal for the companies involved, and their rivals.

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Computer chip shortage pushes European car sales to record low

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EU car sales fell to a new low last year as the auto sector was hobbled by the Covid pandemic and a shortage of computer chips, industry figures showed Tuesday.

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Oil prices jump to highest level since 2014 on supply concerns

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Oil prices have jumped to their highest level since 2014 after the drone attack on fuel tankers in the United Arab Emirates, and amid broader concerns about supply in the market. In early trading on Tuesday, the international benchmark Brent Crude rose above $88 per barrel. Oil producers are sticking to their planned supply increases, despite surging demand. The rising cost of fuel is set to hit consumers, who are already facing the highest inflation rate in decades.

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