The United Kingdom’s competition watchdog launched a probe into Microsoft’s proposed acquisition of video game maker Activision Blizzard on Wednesday. It is one of the first significant antitrust investigations into the $68.7 billion acquisition, which was announced in January. The… Read More ›
Another prominent Chinese developer has gone bankrupt, adding to the woes of the world’s second largest economy’s real estate sector. According to a company filing with the Hong Kong stock exchange, Shanghai-based Shimao Group failed to pay the interest and… Read More ›
Inflation in the eurozone reached a new high in June, just before of the European Central Bank’s first rate hike in 11 years. According to preliminary estimates released Friday by Europe’s statistics body Eurostat, headline inflation was 8.6 per cent… Read More ›
According to surveys published Thursday, China’s massive industrial and service industries just saw their first month of growth since February, as Covid restrictions were loosened in numerous locations. However, the threat of more lockdowns lurks over the world’s second largest… Read More ›
In June, Eurozone economic morale decreased somewhat less than projected, as consumers and retail trade became more pessimistic, although sentiment in the industrial and services sectors recovered. According to the European Commission’s monthly survey, economic confidence across the eurozone’s 19… Read More ›
The chairman of the Federal Communications Commission in the United States has requested Apple and Google to remove TikTok from their app stores due to data security issues relating to China. The enormously popular short video app is owned by… Read More ›
Three Arrows Capital, a major cryptocurrency hedge fund, has gone bankrupt, according to reports quoting people familiar with the situation, making it one of the greatest casualties of the last so-called “crypto winter.” Teneo was brought on board in the final… Read More ›
Cathie Wood, CEO of Ark Invest, stated on Tuesday that the United States is already in an economic slowdown, and she conceded that she overestimated the severity and long-term impact of inflation. “We think we are in a recession,” Wood… Read More ›
A contentious stablecoin issued shortly before the demise of a similar cryptocurrency named terraUSD is battling to keep its peg to the US dollar. USDD, a “algorithmic” stablecoin that is supposed to always be worth $1, fell to as low… Read More ›
Toyota Motor Corp announced on Thursday that it would recall 2,700 of its first mass-produced electric cars (EVs) due to a risk of wheels coming free. The world’s largest manufacturer by sales notified Japan’s transportation ministry of the recall of… Read More ›
manageria.biz 