ASOS, the British company that was once regarded as the poster child for the shift to online fashion retailing, is set to overhaul its business model after the economic downturn and a thread of operational issues that severely hit its profits. While ASOS’s… Read More ›
Elon Musk expressed excitement on Wednesday about his pending acquisition of Twitter Inc, despite the fact that he and other investors were overpaying for the social media company. Musk, Tesla’s CEO, was responding to a question during a conference call… Read More ›
In October, German investor sentiment was less pessimistic than expected, despite the fact that the current economic situation left little room for optimism following a drop in confidence the month before. The ZEW economic research institute reported on Tuesday that… Read More ›
Britain’s new finance minister, Jeremy Hunt, reversed the majority of Prime Minister Liz Truss’s unfunded tax cuts, sparking a rally in battered UK assets. However, UK borrowing costs and mortgage rates remain significantly higher than they were prior to the… Read More ›
Triller Inc, a short-video platform, is the latest company to stake its claim in the metaverse, launching a new platform called Metaverz on Monday. Triller claims that its Metaverz platform allows users to gather in virtual spaces to watch live… Read More ›
The Serum Institute of India plans to manufacture 20,000 to 30,000 doses of an experimental Ebola vaccine by the end of November for use in trials against an outbreak in Uganda, according to reports quoting its developers and company sources. The… Read More ›
The Japanese yen fell to a 32-year low against the US dollar after official data showed that prices in America rose faster than expected. The yen fell to 147.66 per dollar before recovering some ground. Shunichi Suzuki, Japan’s Finance Minister,… Read More ›
A draft document shows that European Union country leaders may support plans to launch a new gas price benchmark at a meeting next week in order to reduce energy prices for consumers and industries. The leaders will meet on October… Read More ›
The Biden administration intends to exempt SK Hynix and Samsung from the brunt of new Chinese memory chipmaker restrictions intended to thwart Beijing’s technological ambitions and obstruct its military advancements, according to reports quoting sources. According to the sources, requests… Read More ›
According to a private-sector business survey released on Saturday, China’s services activity shrank in September for the first time in four months as COVID-19 restrictions weakened the country’s already brittle demand and lowered investor confidence. The COVID containment measures disrupted… Read More ›
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