Mitsubishi UFJ Financial Group Inc, Japan’s largest lender by assets, on Monday reported a 70.5% slide in second-quarter net profit because of another one-off loss related to the sale of U.S. unit MUFG Union Bank. Mitsubishi UFJ, which owns about… Read More ›
The almost-collapse of FTX, one of the biggest cryptocurrency exchanges in the world, has shook the market for digital assets. After a spike in withdrawals led to a “significant liquidity crunch,” FTX and its larger rival Binance reached a bailout… Read More ›
According to two of the top ECB policymakers, letting inflation remain high would be even more painful, so the ECB will keep raising borrowing costs even as the euro zone economy struggles. In order to return double-digit inflation in the… Read More ›
According to proposed EU regulations, Airbnb and other short-term home rental businesses will need to share information on the number of users of their platforms, the European Commission announced on Monday. This is part of a light-touch approach to regulating… Read More ›
The Nikkei newspaper reported on Monday that private equity firm Japan Industrial Partners has made a $15 billion offer to purchase Toshiba Corp. The offer was made just before a looming preferred-bidder deadline. According to the report, the fund was… Read More ›
While increasing interest rates by the most in 33 years, the Bank of England issued a warning that the UK is experiencing its longest recession since records have been kept. It foresaw a “very challenging” two-year downturn for the UK… Read More ›
After regulators raised concerns about fragmented capital markets, the European Union sought to reassure international companies on Thursday that it would work to align its sustainability disclosure rules with a global initiative. To help prevent “greenwashing,” or exaggerated claims about… Read More ›
The social media platform will lose its “magic” if it starts charging $8 per month for a Twitter blue tick and other perks, according to a former executive. According to the platform’s former global communications director Brandon Borrman, all users… Read More ›
According to a business survey that was released on Sunday, British companies believe the doom that currently hangs over their prospects will continue in the near future. In the three months ending in October, the Confederation of British Industry’s (CBI)… Read More ›
When Donald Trump was banned from the social media site, ostensibly for life, he was very critical of it. Twitter stated that the permanent suspension was “due to the risk of further incitement of violence” after the Capitol Hill riots…. Read More ›
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