top of page
Long-time Chief Executive Officer Ben Silbermann of Pinterest would step down, handing over the reins of the social media platform to Google...

Stock Market

Google executive to take over as a new CEO of Pinterest

Top accounting firm Ernst & Young has been slammed with a record $100 million fine from the US government...

Stock Market

Accounting firm gets 100 million fine for faulty regulations

The Indian rupee slipped into a fresh low today and extended losses against the US dollar.


The rupee tumbled to a new low against the dollar in the midst of an increase in crude oil price

Wall Street saw a sharp fall at its closing in a broad sell-off. Consumers' worries over recession have sparked up...

Stock Market

Wall Street Lose Balance after recession strikes growth fear among consumers’

Soaring inflation may be pushing the US economy into a deep recession. Last week's 0.75% interest rate hike by the Federal Reserve...

Stock Market

Inflation ringing the recession bell - Mohammed Shaheen

Stock Market

4 Apr 2022

European Shares Turn Flat amid Mounting Pressure for Sanctions on Russia

The Index Today

European shares retreated from initial gains on Monday turning flat after Ukraine condemned Russia for committing war crimes against it as Western nations gather to impose more stringent sanctions against the Kremlin.

According to Reuters, the pan-European STOXX 600 index was flat, marked by bank losses partly offsetting gains in the healthcare sector. Healthcare stocks like Roche rose by 2% after the FDA in the U.S. approved a special review of its drug which can possibly be used to treat hospitalized adult COVID-19 patients, thereby bolstering the gains under STOXX 600. The index was also helped by Delivery Hero’s 12.8% soar after it announced a debt backing alliance.

Germany has revealed that the West is gearing up to implement additional sanctions on Russia as Europe contemplates debarring the imports of Russia oil entirely, which accounts for 40% of EU gas consumption.

UBS Global Wealth Management’s Chief Investment Officer Mark Haefele contended, "Markets are probably still underpricing the supply risks related to commodities at this stage." This could potentially further subvert the STOXX 600 index which has plummeted by over 7% since its all-time high in January.


Clay pottery with table linens
bottom of page