SoftBank has confirmed that it has sold its remaining share in Uber, the ride-hailing behemoth based in the United States, as the Japanese conglomerate seeks to raise funds amid rising losses at its investment subsidiary. SoftBank’s Vision Fund, its technological… Read More ›
Russia has barred investors from so-called hostile nations from selling shares in important energy projects and banks until the end of the year, increasing pressure on the West in the sanctions standoff. Since Russia’s incursion into Ukraine in late February,… Read More ›
Beyond Meat Inc reported a lower revenue prediction for the year and job losses as growing inflation hampered the company’s efforts to make its more expensive plant-based meat more affordable to consumers. Higher plant-based meat prices have hampered the category’s… Read More ›
Bitcoin briefly surpassed $24,000 on Friday, recording its highest monthly performance in nine months as risk assets continued to rise. According to CoinDesk data, the world’s largest digital currency touched a six-week high of $24,412 early Friday, its highest level… Read More ›
According to official numbers released on Friday, nearly half of British citizens have reduced their food purchases as costs rise, while others have had to increase their spending on groceries. British consumer price inflation hit a 40-year high of 9.1… Read More ›
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 ›
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