Tim Adams, chief executive officer of the Institute of International Finance, claims that the upheaval in the banking industry that caused the failure of multiple lenders was not a systemic problem and has since eased. The collapse of Silicon Valley… Read More ›
In the first quarter of 2023, the world’s shipments of personal computers fell by about a third, with Apple Inc. suffering the biggest decline among the market leaders as the sector battles a post-pandemic slowdown in consumer spending. Market research… Read More ›
As investors increased their bets that the U.S. Federal Reserve will soon halt its aggressive monetary tightening campaign, major cryptocurrency bitcoin broke the crucial $30,000 mark for the first time in 10 months on Tuesday. This move added to the… Read More ›
According to a senior minister on Monday, Indonesia would seek a free trade agreement for particular minerals exported to the US so that businesses involved in the production of batteries for electric vehicles operating there can take advantage of US… Read More ›
Apple’s major Irish unit paid €7.7 billion in corporation tax last year, but after claiming over $69 billion in earnings, handed out nearly triple that amount in dividends to its California parent firm. The Irish branch made the equivalent of… Read More ›
According to the head of the International Monetary Fund, the global economy will expand at a rate of about 3% during the following five years, which will be the weakest expansion since 1990. The future, according to Kristalina Georgieva, is… Read More ›
Although the growth of nonfarm payrolls in the United States in March was roughly in line with projections, there were indications that the employment market is beginning to slow down. Payroll growth for the month was announced by the Labor… Read More ›
The unexpected supply cut by OPEC and its allies sent oil prices soaring, and economists believe that big oil importers such as India, Japan, and South Korea will bear the brunt of the pain if prices reach $100 per barrel,… Read More ›
China’s economic recovery is taking longer than projected, causing Citi analysts to revise their projection for a three-month stock market rebound. Instead of June, Citi predicts the Hang Seng Index will reach 24,000 by the end of September, according to… Read More ›
Some academics at prestigious universities are now without the funding they were promised as a result of the collapse of the cryptocurrency exchange FTX and its grant-making organization, the FTX Future Fund, while others are scrambling to repay donations before… Read More ›
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