After the Securities and Exchange Commission (SEC) this week sued Coinbase and Binance, two of the biggest cryptocurrency exchanges in the world, for allegedly breaking its laws, more U.S. crypto exchanges are expected to follow suit. The SEC charged Coinbase… Read More ›
According to government figures released on Thursday, Japan’s economy expanded by an annualised 2.7% in the first quarter of this year, exceeding earlier projections of 1.6% made last month. Reuters questioned economists who predicted 1.9% growth. Shortly after the report’s… Read More ›
Since China supplies a sizable portion of the South Korean chip industry’s production capacity, the U.S.-China chip war may have an effect on these companies, but Fitch Ratings predicts no long-term difficulties. According to the June 7 article, Samsung Electronics… Read More ›
The much anticipated trade statistics from China for May failed to arouse markets that have grown accustomed to the slowing growth of the world’s second-largest economy, but it did inspire fresh speculation about policy stimulus measures from Beijing. For the… Read More ›
Oil sank for a second day on Wednesday as worries about the state of the world economy grew, wiping out price gains made when Saudi Arabia, the world’s largest supplier of crude, made a surprise commitment to further decrease output… Read More ›
According to official figures released on Thursday, Brazil’s $11.4 billion trade surplus in May set a record for any single month since the data series’ inception in 1989. The amount above the $9 billion surplus predicted by economists in a… Read More ›
According to a file made by the European Commission on Thursday, EU antitrust regulators will decide by 6 July whether to approve Amazon.com Inc.’s $1.7 billion acquisition of the company that makes robot vacuum cleaners, iRobot Corp. In August of… Read More ›
New mobile chip technology was unveiled by Arm Ltd. on Monday, and Taiwanese smartphone chip maker MediaTek Inc. announced it would use the new technology in its upcoming model. The market for premium smartphones was previously dominated by competitor Qualcomm… Read More ›
If the US Congress doesn’t take action to raise the debt ceiling before it is reached, which may happen as soon as June 1, the U.S. Treasury Department is in danger of defaulting on its debt. That creates questions for… Read More ›
According to a recent study cited by Europe’s automotive industry organisation on Tuesday, proposed Euro 7 emissions requirements will result in direct costs for auto makers that are up to ten times greater than those anticipated by the European Commission…. Read More ›
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