Through presidential decrees issued by Vladimir Putin and court decisions pertaining to litigation over delayed projects or blocked cash during Western sanctions, the Kremlin has begun confiscating assets of certain Western corporations in Russia. The list of businesses impacted thus far is shown...

The European Central Bank stated on Wednesday that although artificial intelligence (AI) in banking is still in its infancy, it has to be watched over and perhaps regulated to protect consumers and guarantee the smooth operation of markets.   The European Central Bank (ECB) observed that...

According to figures released on Friday, China's automobile exports reached a new high in April, while domestic sales fell 5.8% from the previous year due to customers' reluctance to spend much on large-ticket products during the country's precarious economic recovery.   April's car exports...

Before it was outlawed in 2020, TikTok was one of the most widely used applications in India. It serves as a warning for what can happen if a US ban is implemented.   India was the largest market for TikTok four years ago. The software promised 200 million users by the end of the year,...

The first high-level AI talks between the United States and China will take place in the "coming weeks," according to U.S. Secretary of State Antony Blinken, who gave no information on the whereabouts of TikTok, the dominant Chinese social media platform.   Blinken announced that the United...

A significant decline in natural gas prices from a year ago was the reason behind the lower first quarter earnings that U.S. and European oil corporations released on Friday.   Oil and gas companies' 2022 record highs, which were driven by a rise in demand following the COVID-19 pandemic and...

Tech giants face a mound of turmoil as they prepare to report results this week.   Protests and reorganisations have occurred at Google, and Tesla recently revealed massive layoffs, price reductions, and a Cybertruck recall. Microsoft's OpenAI partnership is under increased scrutiny, and...

Though industry insiders said on Monday that the cryptocurrency's fortunes were more directly related to broader financial market emotions and geopolitics, the so-called halving event of Bitcoin has had little effect on its price thus far.   With the intention of reducing the rate at which...

World markets have been shaken by reports of an Israeli strike on Iranian territory that may spark a wider confrontation in the Middle East and quickly alter the course of everything from bonds to oil prices and inflation concerns.   Friday saw a decline in stocks, a temporary increase in...

The chairman of a well-known business group stated that more had to be done by governments around the globe to persuade indigenous and local communities to support mines that generate vital minerals needed to power the energy transition and combat climate change.   Opposition to mines is...

The largest US banks continued to reduce staff in the first quarter, with Citigroup experiencing the largest decline. After the third-largest U.S. lender completed a comprehensive reorganisation targeted at increasing earnings and cutting managerial layers, Citi's workforce shrank by 2,000...