Author Archives
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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 ›
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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 ›
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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 ›
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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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After Terminating Its Partnership With Ye, Adidas Issues A Profit Warning
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 ›
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Elon Musk’s Twitter Acquisition Drives Impetus To Dogecoin
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 ›
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ECB Will Keep Raising Rates Despite A Struggling Economy
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 ›
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EU Wants Airbnb And Its Rivals To Share Booking Information With Authorities
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 ›
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JIP, A Private Equity Firm, Offers $15 Billion For Toshiba: Nikkei
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 ›
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US Audit Inspection Of Chinese Firms In Hong Kong Concludes: Reports
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 ›
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