FIFA, the governing body of soccer in the world, announced on Friday that Qatar is banning all beer sales at and around its World Cup stadiums in a dramatic U-turn just two days before the enormous soccer tournament gets underway…. Read More ›
Month: November 2022
Binance Will Relaunch Its Bid To Acquire The Bankrupt Voyager Digital
Binance’s US unit is relaunching its bid to buy bankrupt lending platform Voyager Digital, according to Coindesk, citing a person familiar with the matter. The report comes just days after FTX, which was set to acquire Voyager’s assets after signing… Read More ›
Following November 24 Meeting, EU To Propose A Natural Gas Price Cap
The European Commission intends to propose a natural gas price cap after November 24, as part of its efforts to contain an energy crisis caused by Russia’s invasion of Ukraine, the EU’s energy policy chief told Reuters on Wednesday. The… Read More ›
Britain Lowers Bank Tax Rates To Encourage Insurers To Invest In The Economy
Britain announced new plans on Thursday to help it become the world’s most competitive financial center, including easing capital rules for insurers, lowering a tax rate for banks, and promising to review all European Union financial rules. After leaving the… Read More ›
Target’s Holiday Projections Is Hampered By ‘Stressed’ Consumers, Stock Is Down 17%
US Retailer Target Corp forecasted a surprise drop in holiday-quarter sales, blaming rising inflation and “dramatic changes” in consumer spending for a drop in demand for everything from toys to electronics. Shares of the big-box retailer fell more than 17% in… Read More ›
Regulators Are Closely Examining FTX, So Investor Attention Is Now On Crypto.Com
Bitcoin and other cryptocurrencies were under pressure on Monday as a result of the fallout from the collapse of the cryptocurrency exchange FTX, with market participants concerned about significant withdrawals from the Singapore-based exchange Crypto.com. Crypto.com announced via Twitter that… Read More ›
The Largest Bank In Japan, Mitsubishi UFJ, Reports A 70.5% Decline In Q2 Profit
Mitsubishi UFJ Financial Group Inc, Japan’s largest lender by assets, on Monday reported a 70.5% slide in second-quarter net profit because of another one-off loss related to the sale of U.S. unit MUFG Union Bank. Mitsubishi UFJ, which owns about… Read More ›
Coca chewing gets a stylish new look with bubblegum flavor and TikTok followers
Chewing coca has emerged as Bolivia’s newest fashionable trend, with flavors ranging from bubble gum to passion fruit and TikTok stars promoting it. For centuries, Andean villagers have chewed coca leaves, the primary component of cocaine, to combat the effects… Read More ›
As The UK Economy Begins To Contract, A Recession Looms
As the nation enters what is anticipated to be the longest recession in history, the UK economy contracted between July and September. During the three months, the economy shrank by 0.2% as rising prices hit both households and businesses. When… Read More ›
Market For Cryptocurrencies Shook By Nearly Collapsing Exchange
The almost-collapse of FTX, one of the biggest cryptocurrency exchanges in the world, has shook the market for digital assets. After a spike in withdrawals led to a “significant liquidity crunch,” FTX and its larger rival Binance reached a bailout… Read More ›
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