Although oil trades have occasionally been resolved in the Chinese yuan, Russian ruble, or Indian rupee, the concept of “de-dollarization” — or shifting away from the U.S. dollar to settle trades in other currencies — is still a long way… Read More ›
The comprehensive Digital Services Act (DSA) of the European Union imposes new regulations on content moderation, user privacy, and transparency, putting more than a dozen of the largest internet businesses in the world under unheard-of legal scrutiny. In the EU,… Read More ›
Following the lifting of import restrictions that increased demand for the dollar, Pakistan’s rupee closed at a record low of 299 rupees against the dollar on Tuesday in the interbank market, according to statistics from the central bank. In order… Read More ›
The US Federal Reserve finally came to terms with the slow U.S. recovery from the 2007–2009 recession during its policy meeting in September 2016. This followed years of consternation. According to transcripts of a meeting where policymakers cut their median… Read More ›
The second quarter revenue for Chinese tech company Baidu exceeded expectations, increasing by 15% year over year and supported by increase in advertising. According to Refinitiv statistics, this was the fastest quarterly year-over-year increase speed in two years. In pre-market… Read More ›
Once hailed as the office of the future, WeWork. However, there is currently “substantial doubt” regarding it. What happened? Beginning in 2018, David Born, the owner of Born Licencing, a modest character and film licencing company with headquarters in the… Read More ›
According to a recent Human Rights Watch investigation, Saudi border guards are responsible for the widespread murder of migrants along the Yemeni border. According to the story, hundreds of people have reportedly been shot to death, many of them Ethiopians… Read More ›
For the first time in over two and a half years, Japan’s exports declined in July due to weaker demand for chip-making equipment and light oil, highlighting worries about a possible global recession as important markets like China deteriorated. According… Read More ›
Worries that China’s worsening real estate sector problem is choking what little economic momentum there is have increased in response to missed payments on investment products by a major Chinese trust firm and a decline in home prices. Angry investors… Read More ›
Japanese automakers are benefiting from a tried-and-true strategy as the cheaper yen supports earnings in the face of weakening sales in China and the increasingly difficult transition to electric vehicles. The currency was a contributing factor in the recent earnings… Read More ›
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