Following a retreat from the area by reinsurers due to significant losses, ship insurers announced they are discontinuing war risk coverage throughout Russia, Ukraine, and Belarus. After being hit this year by losses associated with the conflict as well as… Read More ›
Taiwan Semiconductor Manufacturing Company Ltd. (TSMC), a manufacturer of semiconductors, started mass producing its most cutting-edge chips on Thursday in southern Taiwan and said it would keep increasing its production capacity there. The long-awaited mass production of 3-nanometer chips has… Read More ›
Before the Christmas holiday, a powerful winter storm hit large swaths of the United States, bringing with it high winds, bitter cold, and snow. FedEx and United Parcel Service issued warnings that packages might not arrive this week. In advance… Read More ›
One million new COVID-19 infections are reported daily in Zhejiang, a significant industrial province in China close to Shanghai; this number is projected to double over the coming days. China reported no COVID deaths on the mainland for the five… Read More ›
Health officials in China predict a peak in COVID-19 infections within a week, putting additional strain on the nation’s healthcare system even as they downplay the severity of the illness and continue to report no new deaths. China, the last… Read More ›
Advertising “fake” red-soled shoes that might infringe on designer Christian Louboutin’s EU trademark could result in Amazon being held liable. On Amazon, unaffiliated third parties are marketing red-soled high heels that are similar to Louboutin’s without his permission. Amazon could… Read More ›
According to Juerg Kiener, managing director and chief investment officer of Swiss Asia Capital, gold prices could rise to $4,000 per ounce in 2023 as interest rate hikes and recession fears keep markets erratic. Next year, the price of the… Read More ›
If private cryptocurrencies are allowed to grow, they will cause the next financial crisis, India’s central bank chief warned on Wednesday. “Cryptocurrencies have… huge inherent risks for our macroeconomic and financial stability,” said Reserve Bank of India Governor Shaktikanta Das… Read More ›
Tesla shares fell to a new 52-week low on Tuesday, closing around $138 per share, or 8% lower for the day, in an otherwise mixed day for stocks. CEO Elon Musk attempted to blame the falling price on macroeconomic factors…. Read More ›
According to the BBC, Sam Bankman-Fried, the CEO of the defunct cryptocurrency exchange FTX, has consented to be extradited to the US to face charges. According to US authorities, the 30-year-old, who resides in the Bahamas, is accused of committing… Read More ›
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