After the Bank of England raised its benchmark interest rate for the ninth time in a year, online banks in the United Kingdom are racing to increase the yields on their savings accounts in order to entice cash-strapped savers. Following… Read More ›
Strategy
New Bipartisan Effort In The US To Ban Chinese Video-Sharing App Tiktok
Republican Senator of the US Marco Rubio announced bipartisan legislation on Tuesday to ban China’s popular social media app TikTok, putting more pressure on the app’s owner, ByteDance Ltd, amid concerns that the app could be used to spy on… Read More ›
London Is Experiencing An IPO ‘Dry Spell,’ With Fund Raising Falling By 90% In 2022
According to new research, funds raised by companies listed in London fell by more than 90% this year. According to analysts, the market has cooled as a result of weak economic growth forecasts, rising interest rates, and concerns about the… Read More ›
Lowering Of Commodity Prices Steadies Japan’s Wholesale Inflation At 9.3%
Japan’s November wholesale prices rose 9.3% year on year, according to data released on Monday, a rate of increase that was nearly unchanged from the previous month and suggested an inflation peak amid easing global commodity prices. It was the… Read More ›
Chinese Consumers Are Hesitant To Spend Money After Beijing Relaxes COVID Regulations
The easing of stringent “zero-COVID” measures has been welcomed by China’s weary public and businesses, but Jorry Fan, who lives in the eastern city of Suzhou, said it has prompted her to cancel any plans to dine out for several… Read More ›
Southeast Asia’s Tech Layoffs Are Increasing As Non Profitable Startups Look To Stretch Their Ramps
This year, more Southeast Asian tech startups laid off workers as macroeconomic headwinds widened losses and venture capitalists pushed startups to extend their runways. Carousell, the online marketplace, announced last week that it was laying off 10% of its workforce,… Read More ›
US SEC Has Issued New Guidance Needing Firms To Report Cryptocurrency Risks
The United States Securities and Exchange Commission issued new guidance on Thursday requiring companies that issue securities to disclose to investors their exposure and risk to the cryptocurrency market. The forecast comes less than a month after FTX, one of… Read More ›
IEA Expects Electricity From Renewables To Be More Than Coal And Be The Main Electricity Source Globally By 2025
According to the International Energy Agency (IEA), energy produced from renewable sources will overtake energy prepared from coal and will become the world’s largest source of electricity generation by the middle of this decade. The International Energy Agency’s Renewables 2022… Read More ›
Standard Chartered Estimates Bitcoin Could Fall 70% To $5,000 In 2023
According to Standard Chartered, Bitcoin can fall to $5,000 in 2023 in a surprise for the market that investors are under-pricing the virtual currency. If that level is reached, it will represent a roughly 70% drop from Monday’s price of slightly… Read More ›
Caixin PMI Shows China’s Services Activity Contracted To 6-Month Lows In November
According to a private-sector business survey, COVID containment measures weighed on demand and operations in China, resulting in the country’s services activity dropping to six-month lows in November. The data further points to a further slowing of economic growth. The… Read More ›
manageria.biz 