With investors becoming more amenable to digital assets, Goldman Sachs Group predicts that the cryptocurrency bitcoin will continue to eat into gold’s market share. The likelihood of bitcoin’s value breaking beyond the $100,000 barrier has increased as a result of… Read More ›
Following the cancellation of a trip to the United States and Australia due to rising COVID-19 cases, Japan and Australia are set to sign a treaty to beef up defence and security cooperation at a virtual summit on Thursday. Japanese… Read More ›
A U.S. jury has convicted Elizabeth Holmes, the founder of Theranos, of being guilty of defrauding investors in the blood testing startup. The jury convicted Holmes of of investor fraud and conspiracy, but acquitted her on three counts of defrauding… Read More ›
In a statement Germany’s new Finance Minister said, the government will offer tax relief to individuals and companies worth $34.1 billion (30 billion euros) in this legislative period. “We will relieve people and small and medium-sized businesses by significantly more… Read More ›
In a major development, the European Union has drawn up plans which labels nuclear energy and some natural gas projects as “green” investments. The development comes in the wake of a year-long battle between governments over which investments are truly… Read More ›
US banking giant Morgan Stanley has agreed to pay $60 million to settle a lawsuit brought by customers who have alleged that the bank exposed their personal data when it failed – twice – to properly retire its legacy information technology…. Read More ›
In a significant development, the CEOs of Verizon Communications and AT&T have rejected a request to delay the planned introduction of 5G wireless services over aviation safety fears. They have however offered to temporarily adopt new safety measures. Earlier last week, U.S…. Read More ›
Huawei, the Chinese telecoms giant, stated on Friday that sales for this year will be 634 billion yuan ($99 billion), down 28.9% from the previous year. Sanctions imposed by the United States, a semiconductor scarcity, and a global decline in… Read More ›
The British bank Santander got into the Holiday spirit this year by paying out £130 million ($175 million) in error to customers on December 25. Santander stated in a statement released Thursday that the total amount was spread among 75,000 transactions… Read More ›
In a significant development a U.S. appeals court has revived a litigation wherein large banks had been accused of conspiring to rig the Libor interest rate benchmark, including during the 2008 financial crisis, to boost their profits at investors’ expense… Read More ›
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