The chairman of the Federal Communications Commission in the United States has requested Apple and Google to remove TikTok from their app stores due to data security issues relating to China. The enormously popular short video app is owned by… Read More ›
Three Arrows Capital, a major cryptocurrency hedge fund, has gone bankrupt, according to reports quoting people familiar with the situation, making it one of the greatest casualties of the last so-called “crypto winter.” Teneo was brought on board in the final… Read More ›
Sri Lanka has halted sales of non-essential motor gasoline as the country faces its worst economic crisis in decades. For the next two weeks, only buses, trains, and vehicles used for medical services and food transport will be permitted to… Read More ›
European Central Bank President Christine Lagarde downplayed fears of a eurozone recession on Tuesday, saying her staff is ready to raise rates more quickly if inflation continues to rise. The annual conference of central bank officials is taking place in… Read More ›
Cathie Wood, CEO of Ark Invest, stated on Tuesday that the United States is already in an economic slowdown, and she conceded that she overestimated the severity and long-term impact of inflation. “We think we are in a recession,” Wood… Read More ›
According to a PwC Luxembourg poll released on Monday, more than two-thirds of European asset managers and distributors are considering delaying the launch or distribution of products that do not meet environmental, social, and governance (ESG) requirements. Flows into ESG… Read More ›
Profits for China’s industrial enterprises fell at a slower rate in May, following a dramatic drop in April, as activity in major manufacturing centres rebounded, while COVID-19 limitations continued to weigh on factory output and squeeze factory margins. Profits decreased… Read More ›
Some investors view copper prices as a leading indicator of the world economy. If you are one of them, you have reason to be concerned. What’s going on: On Thursday, copper prices fell to a 16-month low as traders unloaded… Read More ›
A contentious stablecoin issued shortly before the demise of a similar cryptocurrency named terraUSD is battling to keep its peg to the US dollar. USDD, a “algorithmic” stablecoin that is supposed to always be worth $1, fell to as low… Read More ›
McDonald’s is changing how franchises are awarded in order to attract more diverse candidates, the latest adjustment in how the burger chain’s management controls its franchisees. Beginning in 2023, the fast-food behemoth will consider each potential new operator on an… Read More ›
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