According to US court documents, Credit Suisse has sought information through the U.S. courts which could potentially lead to a situation wherein it can take a legal step against SoftBank Group Corp in Britain in an effort to recover funds… Read More ›
Economy & Finance
Google Ousted By Chinese Social Media App TikTok As Favourite Online Destination
TikTok is the newest and most popular online destination in the globe. According to Cloudflare, an IT security company, the viral video app receives more hits compared to than the American search engine. TikTok dethroned Google from the top spot in… Read More ›
Jared Kushner’s investment firm Affinity Partners raises more than $3 billion in committed funding
According to a source familiar with the fund raising effort, Jared Kushner’s global investment firm, Affinity Partners, has raised more than $3 billion in committed funding from international investors. Kushner, a former top aide to former US President Donald Trump… Read More ›
SEC rejects proposals by Valkyrie Bitcoin Fund and the Kryptoin Bitcoin for creating ETF Trust
In a significant development the SEC has torpedoed two proposals which aimed to offer bitcoin exchange-traded funds, dealing a blow to market participants who had hoped the regulator would have approved the given the deal a green light since it… Read More ›
Omicron Variant Forces Authorities To Impose Fresh Restrictions And Calls For Booster Dose
Surge cases of the Omicron coronavirus variant caused governments to implement fresh bans and hasten booster injections just days prior to Christmas. The surge in Omicron cases has also forced Singapore to restrict quarantine-free travel and Australia to restart its vaccine drive… Read More ›
Slower Growth Of UK Economy Then Was Initially Perceived Prior To Omicron Hit
According to new estimates, the UK economy grew at a slower rate than previously thought between July and September. As Britain emerged from lockdown, the Office for National Statistics (ONS) reported that the GDP increased by 1.1 per cent, rather… Read More ›
With Omicron Threatening A Recession, Consumer Morale In Germany Drops
According to a survey released on Tuesday, German consumer sentiment will deteriorate further at the start of next year, as the COVID-19 pandemic and the development of the Omicron variation push Europe’s largest economy to the edge of recession throughout… Read More ›
Russia continues to violate WTO commitments: USTR
In a statement the office of US Trade Representative said, Moscow continues to move away from commitments it made to join the World Trade Organization in 2012 citing increased restrictions in agricultural imports and import substitution policies. In its annual… Read More ›
US Expansion Intention Of Europe’s Biggest Rapid-Delivery App
New Yorkers have begun to spot messengers dressed in purple and yellow zooming about the city on mopeds in recent weeks. These couriers, who may also be spotted in Chicago and Boston, convey food for the Getir app, which offers… Read More ›
Tough Recovery Likely For Emerging Markets But Asia To Perform Better, Says Moody’s
According to Moody’s Investor Service, emerging economies will experience hurdles in handling their economic recovery, but Asia will perform better than other regions in this regards. “The pandemic was tougher on emerging Asia markets than it was on advanced economies…… Read More ›