Questions are being raised about whether China is facing its own Lehman Brothers moment – wherein the fall of a single company is powerful enough to disrupt markets all around the world. This is because of concerns of a possible… Read More ›
Economy & Finance
Former World Bank Chief Kristalina Georgieva Denies Report Of Pro-China Pressure On World Bank Report
Allegations that she had exerted pressure on World Bank staff to change a methodology to favour China during her time as World Bank CEO, were denied by Kristalina Georgieva, who is currently the chief of the International Monetary Fund. A… Read More ›
Nearly 2 Mln People A Year Are Killed Because Of Working Conditions, Says UN Agency Report
Every year, almost 2 million people die because of work related reasons, including form illnesses related to working long hours and from air pollution, showed a recent report published by United Nations agencies. In 2016, 1.9 million people all across… Read More ›
India Delivers More Than 22.6 Million Covid-19 Vaccine Doses On Friday
More than 22.6 million people in India were administered a single dose of vaccine in just one day on Friday which was three times the average daily total doses administered during the past month. A number of states of the… Read More ›
More Than Sixty South Korean Crypto Exchanges To Suspend Services
Customers of more than 60 cryptocurrency exchanges in South Korea will be required to be informed of a partial; or complete suspension of trading on the exchanges by Friday midnight in response to a new regulation that is to come… Read More ›
Warburg Pincus Global Growth 14 seeks to raise $16 billion in private equity fund
According to sources familiar with the matter at hand, Warburg Pincus LLC aims to raise $16 billion from investors for its biggest ever flagship global private equity fund. Warburg Pincus is in the “early stages of raising Warburg Pincus Global… Read More ›
China applies to join the CPTPP
In a statement China’s Commerce Ministry said, China has filed an application to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). The Chinese move is aimed at bolstering its clout in global trade. The application was made by… Read More ›
US officials to host meeting at White House on global chip shortage, COVD-19’s impact on chip supply chains
In a statement the US Commerce Department said, U.S. Commerce Secretary Gina Raimondo and White House economic adviser Brian Deese are scheduled to host a semiconductor supply chain meeting at the White House on September 23. Officials in the meeting… Read More ›
Chat app Discord raises $500M in new funding round
In a statement Discord said, it has raised $500 million in a funding round led by investment firm Dragoneer Investment Group. Previously Bloomberg News had reported the value of the deal at around $15 billion. Discord declined comment on the… Read More ›
Federal Housing Finance Agency tweaks capital and leverage requirements for Fannie Mae and Freddie Mac
In a statement, the Federal Housing Finance Agency, a regulator which oversees housing giants Fannie Mae and Freddie Mac, has proposed changes to recently imposed capital and leverage requirements on the pair, which aims to encourage the pair to shift… Read More ›
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