On Monday, Chinese stocks had their worst day in a month, as recent monetary-easing measures failed to alleviate investor concerns about protests against strict COVID-19 curbs in the world’s second-largest economy, while the yuan fell against the dollar. The United… Read More ›
On Monday, oil prices fell to near year lows as street protests against strict COVID-19 curbs in China, the world’s largest crude importer, fueled concerns about the outlook for fuel demand. Brent crude fell $2.66, or 3.1%, to $80.97 per… Read More ›
According to footage widely circulated online, protests have erupted at the world’s largest iPhone factory in the Chinese city of Zhengzhou. Videos show hundreds of workers marching, some of whom are confronted by people in hazmat suits and riot police,… Read More ›
Japanese auto maker Mazda Motor Corp. announced a $10.6 billion investment plan to electrify its vehicles on Tuesday, as well as plans to invest in battery production. The company also increased its target for electric vehicles (EVs) to up to… Read More ›
Current developments in the United States provide signals that flying taxis could be a step closer to becoming a reality. A new set of rules were published by US air regulators on Monday which formally added these flying taxis to… Read More ›
Managers are delaying much-anticipated plans to list British chip designer Arm on the stock exchange because they are concerned that the global economic downturn and a slump in tech shares will frighten potential investors. The Cambridge-based company recently informed private… Read More ›
A last-minute decision to prohibit the sale of alcohol at World Cup stadiums in Qatar will significantly reduce Budweiser sales in the Gulf state, but will not derail its owner’s global campaign during the tournament, according to industry analysts. FIFA’s… Read More ›
Binance’s US unit is relaunching its bid to buy bankrupt lending platform Voyager Digital, according to Coindesk, citing a person familiar with the matter. The report comes just days after FTX, which was set to acquire Voyager’s assets after signing… Read More ›
The almost-collapse of FTX, one of the biggest cryptocurrency exchanges in the world, has shook the market for digital assets. After a spike in withdrawals led to a “significant liquidity crunch,” FTX and its larger rival Binance reached a bailout… Read More ›
Elon Musk’s purchase of Twitter has given dogecoin, the meme cryptocurrency he popularized, a new leash of life. After the Tesla magnate closed the $44 billion deal, the price of Dogecoin doubled. On October 27, it was trading at about $0.07 when… Read More ›
manageria.biz 