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 ›
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2023 Forecast For Gold Price Amid Soaring Inflation And Recession Concerns In The Year Ahead
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 ›
The Next Financial Crisis Could Be Caused By Cryptocurrencies, Warns Head Of The Indian Central Bank
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 ›
Elon Musk Tries To Articulate Why Tesla Shares Are Plummeting
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 ›
Sam Bankman-Fried, The CEO Of FTX, Agrees To Be Extradited
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 ›
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 And Allies Slap Sanctions On North Korea After Ballistic Missile Tests
The United States and its Asian allies have sanctioned three North Korean senior officials linked to the country’s recent missile tests. This year, Pyongyang launched a record number of ballistic missiles – over 60 – and tested several intercontinental ballistic… Read More ›
EU Will Allow Use Of Cell Phones On Flights
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 ›
Eisai And Biogen’s Alzheimer’s Drug Slows Down Cognitive Decline, But Has Side Effects
According to detailed data presented on Tuesday, an experimental Alzheimer’s drug from Eisai and Biogen slowed cognitive decline in a closely watched trial but may carry a risk of serious side effects for certain patients. The drug, lecanemab, was linked… Read More ›
Reasons For Donald Trump Currently Choosing Not To Return To Twitter
Donald Trump enjoys using Twitter. He stated in 2017 that he would not have been elected president without it. “Twitter is a wonderful thing for me, because I get the word out… I might not be here talking to you… Read More ›