Fears of a recession and central banks’ commitment to maintaining higher interest rates in order to contain inflation have caused the largest weekly outflows from global equity funds since March 2020. According to Refinitiv Lipper data, there was a $33.6… Read More ›
Health officials in China predict a peak in COVID-19 infections within a week, putting additional strain on the nation’s healthcare system even as they downplay the severity of the illness and continue to report no new deaths. China, the last… Read More ›
Advertising “fake” red-soled shoes that might infringe on designer Christian Louboutin’s EU trademark could result in Amazon being held liable. On Amazon, unaffiliated third parties are marketing red-soled high heels that are similar to Louboutin’s without his permission. Amazon could… Read More ›
Since strict restrictions were relaxed earlier this month, the number of Covid-19 cases in China has increased, raising worries about the potential impact on the world economy given the country’s financial clout. China started to dismantle its zero-COVID policy of… Read More ›
According to Juerg Kiener, managing director and chief investment officer of Swiss Asia Capital, gold prices could rise to $4,000 per ounce in 2023 as interest rate hikes and recession fears keep markets erratic. Next year, the price of the… Read More ›
If private cryptocurrencies are allowed to grow, they will cause the next financial crisis, India’s central bank chief warned on Wednesday. “Cryptocurrencies have… huge inherent risks for our macroeconomic and financial stability,” said Reserve Bank of India Governor Shaktikanta Das… Read More ›
Tesla shares fell to a new 52-week low on Tuesday, closing around $138 per share, or 8% lower for the day, in an otherwise mixed day for stocks. CEO Elon Musk attempted to blame the falling price on macroeconomic factors…. Read More ›
A sell-off in bonds and stocks occurred around the world overnight as a result of the Bank of Japan unexpectedly expanding its target range for 10-year Japanese government bond yields. In an effort to mitigate the effects of prolonged monetary… Read More ›
According to the BBC, Sam Bankman-Fried, the CEO of the defunct cryptocurrency exchange FTX, has consented to be extradited to the US to face charges. According to US authorities, the 30-year-old, who resides in the Bahamas, is accused of committing… Read More ›
According to a report from the International Energy Agency, global coal consumption is on track to rise by 1.2% and reach a record high this year. The Russian invasion of Ukraine in February 2022, according to the International Energy Agency… Read More ›
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