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 ›
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 ›
The EU needs to confront “distortions” caused by a $430 billion US plan to incentivize climate-friendly technologies, according to the bloc’s chief. Some EU members have criticized the US Inflation Reduction Act (IRA), raising concerns about the possibility of a trade… Read More ›
People traveling by air in the European Union (EU) will soon be able to fully utilize their phones while they are flying. The European Commission ruled that airlines can offer 5G technology alongside slower mobile data on board planes. This could… Read More ›
Apple CEO Tim Cook has been outspoken in his criticism of Facebook. Meta CEO Mark Zuckerberg is eager to repay the favor. On Wednesday, at The New York Times DealBook summit, Zuckerberg slammed Apple, the most valuable American company, and… Read More ›
The head of the US central bank has said authorities may start to ease up on interest rate hikes as soon as this month, after racing to raise borrowing costs earlier this year. The Federal Reserve has made four hefty… Read More ›
Financial firms in the European Union will have to demonstrate how quickly they can recover from a cyber attack as they rely more on ‘cloud computing’ giants such as Amazon, Microsoft, Google, and IBM for key services, the EU said… Read More ›
On Monday, Chinese stocks had their worst day in a month, as recent monetary-easing measures failed to alleviate investor concerns about protests against strict COVID-19 curbs in the world’s second-largest economy, while the yuan fell against the dollar. The United… Read More ›
On Monday, oil prices fell to near year lows as street protests against strict COVID-19 curbs in China, the world’s largest crude importer, fueled concerns about the outlook for fuel demand. Brent crude fell $2.66, or 3.1%, to $80.97 per… Read More ›
The new omicron Covid boosters are unlikely to be very effective at preventing Covid infections and mild illness, but experts believe they will help keep the elderly and other vulnerable groups out of the hospital this winter. In a real-world… Read More ›
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