Despite Western sanctions on Russia for its invasion of Ukraine, Chinese President Xi Jinping has reiterated his country’s determination to trade with Russia. “Today our cooperation between Russia and China [is] rising,” Xi said, according to an official English translation… Read More ›
Interest rates in the United Kingdom have climbed further as the Bank of England works to slow the rate of price rises. Rates have risen from 1 per cent to 1.25 per cent for the fifth time in a row, reaching… Read More ›
Revlon Inc has declared bankruptcy after succumbing to debts incurred in its efforts to compete with online-focused upstarts. In a court statement on Wednesday, the 90-year-old company, known for its nail polishes and lipsticks, stated assets and liabilities ranging from… Read More ›
Bitcoin fell to a fresh 18-month low on Wednesday, bringing smaller tokens down with it and worsening a market crisis caused by crypto lender Celsius suspending customer withdrawals earlier this week. The world’s largest cryptocurrency dropped 7.8 percent to $20,289,… Read More ›
The European Central Bank revealed Wednesday that it intends to develop a new instrument to combat the possibility of eurozone fragmentation, in an effort to allay fears of a new debt crisis. The decision follows the central bank’s surprise emergency… Read More ›
Apple Inc’s revenue from gaming and music offers is likely to rise 36% to $8.2 billion by 2025, according to J.P.Morgan, as the iPhone manufacturer leverages its massive user base to power its subscription services. According to JPM analysts lead… Read More ›
The European Central Bank is anticipated to reaffirm its decision to hike interest rates next month, as policymakers gather in Amsterdam for their first meeting outside of Frankfurt since the coronavirus outbreak began. While inflation in the 19-member eurozone reached… Read More ›
The CEO of Goldman Sachs-backed digital bank Starling has stepped up his condemnation of cryptocurrency, calling it a threat to the security of payment systems. “It is very dangerous,” Anne Boden, who founded Starling in 2014, warned Tuesday at the… Read More ›
US retailer Target told investors on Tuesday that its profitability will suffer in the short term as it discounts undesired items, cancels orders, and takes aggressive measures to get rid of excess inventory. The company reduced its profit margin forecast for… Read More ›
Retailer Kohl’s has revealed that it has entered into exclusive talks with retail holding group Franchise Group, which wants to buy the retailer for $60 per share. Kohl’s would be valued at around $8 billion at such a price. Kohl’s… Read More ›
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