Author Archives
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Regulators In Europe And The US Asks Banks To Get Ready For Possible Russian Cyberattacks
With rising tensions related to the Ukraine crisis, the European Central Bank is preparing banks for a possible Russian-sponsored cyber attack, according to two people familiar with the situation, as the continent prepared for the financial consequences of any conflict…. Read More ›
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‘Strong Momentum’ In Domestic Markets Helps BNP Paribas Beat Quarterly Performance Expectations
BNP Paribas’ net profit for the fourth quarter of 2021 exceeded forecasts by analysts, thanks to strong activity in domestic markets, the lender said. For the quarter, the bank’s net income attributable to shareholders was 2.31 billion euros ($2.63 billion)…. Read More ›
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US And Japan Strike Agreement To Eliminate Steel Tariffs Imposed During Trump-Era
The United States and Japan have come to an agreement to reduce tariffs imposed by Trump on the import of about 1.25 million metric tonnes of Japanese steel imports each year. Under the terms of the agreement, Japan promises to… Read More ›
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Apology To Staff Tendered By Spotify CEO Over Joe Rogan Controversy, Episodes Are Removed From The Platform
Daniel Ek, Spotify’s CEO, has apologized to his staff for how the Joe Rogan podcast scandal has affected them, but he has stated that he has no intentions to remove the podcaster from the site. “There are no words I… Read More ›
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Coalition Of Cryptocurrency Companies Been Formed To Support Market Integrity
Coinbase, Circle, Anchorage Digital, and Huobi Global are among a group of leading cryptocurrency companies creating a new alliance aimed at combating market abuse and instilling trust in the nascent digital asset business. The risk-monitoring software firm Solidus Labs has… Read More ›
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Apple Could Launch iPhone SE 2022 And iPad In March: Reports
On March 8, Apple is set to release a plethora of new items. According to Bloomberg, Apple is planning to release a new low-cost 5G iPhone, an iPad, and a new Mac. This would be Apple’s first product launch in… Read More ›
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Automakers And Chip Makers Have Different Forecasts For End Of Semiconductor Shortage
Auto giants such as General Motors, Ford Motor, and Hyundai Motor estimate that the global semiconductor chip shortage that has been ongoing for almost two years will ease to an extent by the second half of 2022. However, makers of chips for auto companies forecast… Read More ›
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Volvo And Northvolt Are Teaming Up To Create A Gigafactory In Sweden, Led By A Former Tesla Executive
Volvo Cars and Northvolt announced the building of a new battery production factory in Gothenburg, Sweden, which is slated to start construction in 2023. The plant will, according to the firms, “have a potential yearly cell production capacity of up to 50-gigawatt hours.” According to… Read More ›
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Economists Expect Bank Of England To Impose Two Consecutive Rate Hikes, A First Since 2004
According to predictions of economists, the Bank of England will potentially raise interest rates twice this year which would be a first since 2004 for the central bank. The UK central bank is trying to lead the UK economy through… Read More ›
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With Rise In Transportation Costs, Competition For Cargo Planes Is Also Increasing
As the shipping supply problem deepened last summer, an Italian cargo plane was quickly filled with thousands of lipsticks. They had a tight timetable to get to the United States. Mehir Sethi, CEO, and founder of True + Luscious, a… Read More ›
