European telecom companies want big tech in the United States to pay for the internet, but tech titans are fighting back. Tensions between European telecommunications firms and U.S. Big Tech companies have risen as telecom executives put pressure on regulators… Read More ›
The Dutch government has yet to define critical aspects of new restrictions on chip-technology exports to China, such as whether ASML Holding NV can service chip-printing machines already sold in the country. “Those details have yet to be worked out,”… Read More ›
SHEIN, an online fast-fashion retailer, and Temu, a newer competitor, are competing for shoppers’ attention with their low-cost Chinese-made goods. Their feud is being waged not only on social media, but also in a US court. The legal squabble is… Read More ›
Credit Suisse hosted its top clients in October at the opulent Fontainebleau Miami Beach hotel, amid growing doubts that it was still in the securities trading game after a string of high-profile gaffes. Investors and trading firms from BlackRock to… Read More ›
Lego said that store openings in China, as well as strong demand in Western Europe and the Americas, resulted in 17% sales growth in 2022, and that it expects to outperform the market this year. Last year, the family-owned company… Read More ›
In January, Japan recorded its largest current account deficit in history, as a combination of the global slowdown and China’s Lunar New Year holidays hampered the country’s ability to earn money through trade. The trade balance, which is part of… Read More ›
The Swiss National Bank reported an annual loss of 132.5 billion Swiss francs ($141.54 billion) on Monday, in line with the preliminary figures released in January. The loss, the largest in the central bank’s 115-year history, was caused by a… Read More ›
Since 1945, women have held only 12% of the top jobs at 33 of the world’s largest multilateral institutions, and more than a third of those bodies, including all four major development banks, have never been led by a woman,… Read More ›
There is now more clarity regarding whether Chinese companies can list abroad in the United States. Late Friday night, the China Securities Regulatory Commission unveiled new guidelines that call for domestic businesses to abide by national security measures and the… Read More ›
If Europe wants to meet a globally agreed-upon deadline, strict capital requirements for banks holding cryptoassets must be fast-tracked in the pending banking law of the European Union, according to the bloc’s executive. The implementation of capital requirements for banks’… Read More ›
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