Due to the German sportswear giant’s termination of its partnership with Kanye West’s Yeezy brand, Adidas on Wednesday lowered its full-year guidance. Ye, formerly known as Kanye West, had a contract with the company terminated on October 25 as a… Read More ›
Elon Musk’s purchase of Twitter has given dogecoin, the meme cryptocurrency he popularized, a new leash of life. After the Tesla magnate closed the $44 billion deal, the price of Dogecoin doubled. On October 27, it was trading at about $0.07 when… Read More ›
According to two of the top ECB policymakers, letting inflation remain high would be even more painful, so the ECB will keep raising borrowing costs even as the euro zone economy struggles. In order to return double-digit inflation in the… Read More ›
According to proposed EU regulations, Airbnb and other short-term home rental businesses will need to share information on the number of users of their platforms, the European Commission announced on Monday. This is part of a light-touch approach to regulating… Read More ›
The Nikkei newspaper reported on Monday that private equity firm Japan Industrial Partners has made a $15 billion offer to purchase Toshiba Corp. The offer was made just before a looming preferred-bidder deadline. According to the report, the fund was… Read More ›
According to reports quoting people with knowledge of the matter, the U.S. audit watchdog’s onsite inspection of the audit work of Chinese companies with New York stock exchange listings, which began in Hong Kong in September, has concluded. This has… Read More ›
According to research, nearly $2 billion (£1.75 billion) has been spent on virtual land in the last 12 months as individuals and businesses compete to establish themselves in the metaverse. But it will be years before the metaverse becomes a… Read More ›
While increasing interest rates by the most in 33 years, the Bank of England issued a warning that the UK is experiencing its longest recession since records have been kept. It foresaw a “very challenging” two-year downturn for the UK… Read More ›
Based in part on predictions of a decline in global demand for Chinese goods, Barclays lowered its forecast for China’s economic growth to 3.8% for the coming year. Recessions are expected in the United States and Europe next year, according… Read More ›
After regulators raised concerns about fragmented capital markets, the European Union sought to reassure international companies on Thursday that it would work to align its sustainability disclosure rules with a global initiative. To help prevent “greenwashing,” or exaggerated claims about… Read More ›
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