A worldwide central bank test lab has created a prototype bitcoin surveillance system to provide authorities with a better understanding of how, when, and where the cryptocurrency is used. The Bank for International Settlements (BIS) Atlas project began more than… Read More ›
Although pay growth is slowing, the United States’ employment expanded in September for the first time in eight months as hiring increased broadly, indicating to ongoing labour market resilience that could give the Federal Reserve justification to hike interest rates… Read More ›
This week, a Seattle-based firm working with some of the same investors as Beyond Meat will introduce the first beanless coffee in an effort to lessen the popular beverage’s environmental effect. Investors have spent $51.6 million into Atomo Coffee in… Read More ›
In its much awaited U.S. initial public offering (IPO), Birkenstock, the German premium footwear company backed by private equity firm L Catterton, has set a fully diluted valuation goal of approximately $10 billion. According to a filing with the U.S…. Read More ›
In a letter to UK’s interior minister Suella Braverman, 88 UK retail leaders—among them the CEOs of Tesco, Sainsbury’s, and Marks & Spencer—demanded action in response to the escalating rates of retail crime. In Britain, rising crime is likely to… Read More ›
An official survey released recently revealed that factory activity in China increased in September for the first time in six months, adding to a slew of signs that the world’s second-largest economy has begun to bottom out. According to the National… Read More ›
The annual increase in prices outside of food and energy decreased below 4.0% for the first time in more than two years in August, which is good news for the Federal Reserve as it considers the future of monetary policy…. Read More ›
Government bonds fell during the third quarter due to worries about the economy and an extended period of high interest rates, and some investors anticipate further declines. Fund managers who were hoping for relief from the historic losses bonds suffered… Read More ›
According to data released on Friday, core inflation in the capital of Japan decreased in September for the third consecutive month, primarily due to lower gasoline prices. This suggests that cost-push pressures are beginning to peak, which is good news… Read More ›
According to Credit Suisse, which is now a part of UBS, the bank anticipates a third quarter loss of around $1.6 billion due to the reclassification of loans related to its non-core and legacy businesses. The bank said in a… Read More ›
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