Companies | Ideals

Pocket wallets vs. smartphones: Can we replace cash with digital currencies?

The more than a decade-long history of cryptocurrency has clearly demonstrated that the world is keen on the new form of money. The crypto frenzy has even prompted leading central banks to work on...

Researchers Suggest Previous Studies On Smartphone Addiction May Be Flawed

Researchers are now suggesting the there are some serious flaws in a large majority of studies and surveys that have been conducted in recent times which examines the impact on the psychological...

Myth Of Positive Health Impact Of Moderate Drinking Debunked In New Study

Earlier studies which had given rise to the notion that one or two drinks a day might protect against stroke have been negated in the results of a major genetic study which has also claimed a very...

US Legislators Quiz TikTok CEO Shou Zi Chew At Congressional Hearing

Deutsche Bank's Stock Is Falling As Its Cost Of Default Insurance Keeps Rising

Boeing Finance Chief Says Company Will Take Charges Over A KC-46 Tanker Quality Issue

Accenture Lowers Expectations And Will Eliminate 19,000 Employees As IT Investment Slows

As Expenses Rise, Amazon And Other Retailers Overhaul "Free" Shipping

GameStop Stock Rises As Cost Reductions Result In A Surprise Profit

Iraq's Goal Of Equaling Saudi Arabia's Oil Production Likely S Unattainable

Days After Issuance, UBS Purchases Bonds To Bolster Investor Confidence

OpenAI CEO Acknowledges That A Glitch Permitted Certain ChatGPT Users To View The Titles Of Other Conversations

Toshiba Board Approves $15.2 Billion Takeover Offer From Japan Industrial Partners

Bank Deposits Worth Around $100 Billion Removed, And Authorities Praised The System For Being Stable And Robust

Germany And The EU Have Agreed On The Use Of Combustion Engines In The Future

Companies

Days After Issuance, UBS Purchases Bonds To Bolster Investor Confidence

In an effort to reassure bondholders shaken by its $3 billion rescue of rival Credit Suisse, UBS Group announced on Wednesday that it would buy back 2.75 billion euros ($2.96 billion) in debt that it had just days earlier sold. The bonds were sold on March 9, and UBS's decision to buy them...

Virgin Orbit Fights To Stay Afloat As Negotiations For A Deal Continue

According to reports, Virgin Orbit is attempting to find a funding lifeline in order to prevent bankruptcy, which could happen as soon as this week if no agreement is reached. As CNBC first reported, the rocket manufacturer halted operations last week and laid off the majority of its...

More Than $1 Billion Lost On A Credit Suisse Investment By Saudi National Bank

Saudi National Bank is suffering significant losses as a result of UBS's forced acquisition of Credit Suisse for $3.2 billion. The largest shareholder of Credit Suisse, Saudi National Bank, informed the media on Monday that it had suffered an investment loss of about 80%. The bank...

Amazon Adds 9,000 More Job Cuts, Furthering The Gloom In The Global Tech Industry

Amazon.com Inc. announced on Monday that it would eliminate an additional 9,000 positions, adding to a wave of job cuts that have hit the technology industry as a result of the uncertain economic climate. In an astonishing turn of events for a business that has long bragged about creating...

Write-Off Of Credit Suisse AT1 Bonds Results In $340 Mln Loss For PIMCO

According to a source with knowledge of the matter, bond king PIMCO lost about $340 million on a class of Credit Suisse bonds that were destroyed by the UBS acquisition, with the American investment manager's overall exposure to the Swiss lender amounting to billions. In a deal that saw...

SVB Financial Files For Bankruptcy As The Banking Crisis Continues

Days after its former subsidiary Silicon Valley Bank was taken over by American regulators, SVB Financial Group announced on Friday that it had filed for a court-supervised reorganization under Chapter 11 bankruptcy protection to seek buyers for its assets. The decision to start bankruptcy...

Tesla Seeks Asian Partnerships To Tackle Concerns About The 4680 Battery

It's decision time at Tesla Inc, where Elon Musk is trying to figure out how to make better, cheaper batteries. According to people familiar with the plans, the electric-vehicle maker is recruiting Chinese and Korean materials suppliers to help lower the cost and increase the energy of its...

WeWork Negotiating With Investors For Restructuring Of More Than $3 Bln Debt: Report

The New York Times reported on Tuesday that WeWork Inc is in talks with investors to restructure its more than $3 billion in outstanding debt and raise more cash. Following the news, the company's stock rose about 5% in extended trading. The company, which provides workstations,...

Nvidia, And AMD Are Grappling With The Latest US Restrictions On China's Inspur

After being added to a U.S. export blacklist last week, Nvidia Corp, Advanced Micro Devices Inc, and other tech companies are rushing to determine whether they must halt sales to divisions of China's Inspur Group Ltd. Inspur was last week added to the US's trade sanctions list for...

Foxconn Is In A Rush To Join The EV Field

Foxconn wants to replicate its success with the iPhone for electric vehicles (EVs), but it must first identify the next Apple quickly. When it comes to building white-label EVs that can be customized for customers, including major automakers, delivery services, and other businesses, the...

Tesla Reduces Prices Of Model S And Model X In The US By 4% To 9%

Tesla Inc has reduced prices on the two most expensive electric vehicles in the United States, according to information from the website of the company. This comes just a few days since the company's Chief Executive Elon Musk said that the recent price discounts on...

IndiGo Ignites Competition Between Boeing And Airbus For Record-Breaking Jet Orders

According to industry sources, Indian low-cost carrier IndiGo is in negotiations with both Boeing and its current supplier Airbus to order more than 500 passenger jets, which could top the record set by domestic rival Air India a few weeks ago. The largest airline in India has only...

Lifestyle

Pocket wallets vs. smartphones: Can we replace cash with digital currencies?

Researchers Suggest Previous Studies On Smartphone Addiction May Be Flawed

Myth Of Positive Health Impact Of Moderate Drinking Debunked In New Study

US Legislators Quiz TikTok CEO Shou Zi Chew At Congressional Hearing

Deutsche Bank's Stock Is Falling As Its Cost Of Default Insurance Keeps Rising

Boeing Finance Chief Says Company Will Take Charges Over A KC-46 Tanker Quality Issue

Accenture Lowers Expectations And Will Eliminate 19,000 Employees As IT Investment Slows

As Expenses Rise, Amazon And Other Retailers Overhaul "Free" Shipping

GameStop Stock Rises As Cost Reductions Result In A Surprise Profit

Iraq's Goal Of Equaling Saudi Arabia's Oil Production Likely S Unattainable

Days After Issuance, UBS Purchases Bonds To Bolster Investor Confidence

OpenAI CEO Acknowledges That A Glitch Permitted Certain ChatGPT Users To View The Titles Of Other Conversations

Toshiba Board Approves $15.2 Billion Takeover Offer From Japan Industrial Partners

Bank Deposits Worth Around $100 Billion Removed, And Authorities Praised The System For Being Stable And Robust

Germany And The EU Have Agreed On The Use Of Combustion Engines In The Future

Days After Issuance, UBS Purchases Bonds To Bolster Investor Confidence

Virgin Orbit Fights To Stay Afloat As Negotiations For A Deal Continue

More Than $1 Billion Lost On A Credit Suisse Investment By Saudi National Bank

Amazon Adds 9,000 More Job Cuts, Furthering The Gloom In The Global Tech Industry

Write-Off Of Credit Suisse AT1 Bonds Results In $340 Mln Loss For PIMCO

SVB Financial Files For Bankruptcy As The Banking Crisis Continues

Tesla Seeks Asian Partnerships To Tackle Concerns About The 4680 Battery

WeWork Negotiating With Investors For Restructuring Of More Than $3 Bln Debt: Report

Nvidia, And AMD Are Grappling With The Latest US Restrictions On China's Inspur

Foxconn Is In A Rush To Join The EV Field

Tesla Reduces Prices Of Model S And Model X In The US By 4% To 9%

IndiGo Ignites Competition Between Boeing And Airbus For Record-Breaking Jet Orders

World

IMF's Chief Says Ukraine Is Just "Weeks" Away From Receiving Full Support Program

UN Concerned About Not Much Time Being Left With Surge In Greenhouse Gases

With Extensive New Export Regulations, US Hopes To Cripple China's Chip Industry

Experts Urge WHO And Governments To Take Stronger Action Against Monkeypox

Many More Cases Of Monkeypox Likely To Emerge Worldwide, Expects WHO

People

The Way Bankman-Fried Of FTX Obtained A $250 Mln Bail

Majority Of Elon Musk’s Twitter Followers Do Not Want Him As Twitter Chief, Shows A Musk-Conducted Pool

Elon Musk Looses Position As The World's Richest Individual

Reasons Why One Should Use A New Login, Passwords Quickly Following Microsoft’s Latest Data On Hacks

Lee Newman, Dean of IE Business School