Sections

ideals
Business Essentials for Professionals
Markets
Britain Intends To Tax Low-Carbon Power Companies In A De Facto Manner

Britain Intends To Tax Low-Carbon Power Companies In A De Facto Manner

The industry claimed that Britain's temporary revenue cap on low-carbon electricity producers was a "de facto windfall tax" on sources of renewable energy.   The government is looking for ways to stop the skyrocketing cost of energy while also raising money to help pay for tax cuts, despite...
A $570 Million Cryptocurrency Hack Has Hit The Binance-Linked Blockchain

A $570 Million Cryptocurrency Hack Has Hit The Binance-Linked Blockchain

A blockchain connected to Binance, the world's largest crypto exchange, has been hit by a $570 million hack, according to a Binance spokesperson on Friday, the latest in a series of crypto sector hacks this year.   Binance CEO Changpeng Zhao stated in a tweet that tokens were stolen from a...
Philippines Will Deport 40,000 Chinese Workers And Shut Down 175 Offshore Gambling Establishments

Philippines Will Deport 40,000 Chinese Workers And Shut Down 175 Offshore Gambling Establishments

As part of a campaign against the notoriously murky online gaming market, the Philippines will shut down 175 offshore gambling companies and deport about 40,000 Chinese employees, a justice ministry official announced on Monday.   In 2016, the Philippines saw the emergence of a new industry...
Russia's SWIFT Substitute Is Growing Quickly This Year, According To Russia’s Central Bank

Russia's SWIFT Substitute Is Growing Quickly This Year, According To Russia’s Central Bank

As Moscow intensifies efforts to address financial problems brought on by sanctions, the central bank reported on Friday that the reach of Russia's alternative to the SWIFT international messaging system has expanded at a record rate this year.   Following Russia's deployment of tens of...
SoftBank Wants To Bring Samsung And Arm Together In A "Strategic Alliance"

SoftBank Wants To Bring Samsung And Arm Together In A "Strategic Alliance"

Masayoshi Son, the founder and CEO of SoftBank Group Corp, announced on Thursday that he would meet with Samsung Electronics to talk about a possible "strategic alliance" between the South Korean technology behemoth and chip designer Arm.   The billionaire's trip to Seoul will be his first...
Europe Spends Large Sums Of Money To Aid Businesses Tide The Energy Crisis

Europe Spends Large Sums Of Money To Aid Businesses Tide The Energy Crisis

In response to a worsening energy crisis that has exposed Europe's reliance on Russian fuel, Germany nationalized gas importer Uniper on Wednesday and Britain announced it would halve energy bills for businesses.   In the biggest escalation of the Ukraine war since Moscow's invasion on...
A Major Change In Revenue For Investment Banks Is To Happen In 2023, Says Barclays Chief

A Major Change In Revenue For Investment Banks Is To Happen In 2023, Says Barclays Chief

According to C.S. Venkatakrishnan, CEO of Barclays, investment banks will likely experience a change in revenue next year due to a rebound in banking and advisory fees that will cushion the blow from a decline in trading income.   Investment banks have reported strong results this year...
China's Coal Imports From Russia And Indonesia Increased In August As A Result Of A Heatwave

China's Coal Imports From Russia And Indonesia Increased In August As A Result Of A Heatwave

The world's largest consumer of coal, China, increased its imports of coal from Russia in August, surpassing last month's level and reaching their highest level in at least five years as power utilities looked for supplies abroad to meet soaring demand during the extremely hot weather.  ...
After Merge, Ether Will Spend $20 Billion In Shanghai, According To The Cryptoverse

After Merge, Ether Will Spend $20 Billion In Shanghai, According To The Cryptoverse

The Merge came, looked, and took control. Not that the prices for cryptocurrencies would lead you to believe otherwise.   On September 15, the massive upgrade to the Ethereum blockchain finally went live, smoothly transitioning it to a "proof of stake" (PoS) system that uses less energy....
Scope Ratings Says Russian Economy Will Return To Pre-War Levels Only By 2030

Scope Ratings Says Russian Economy Will Return To Pre-War Levels Only By 2030

Russia's economy is unlikely to return to pre-war levels before the end of this decade, according to Scope Ratings, as the Ukraine war and stricter sanctions exacerbate long-standing economic deficiencies.   According to the credit rating agency's forecast, gross domestic product (GDP) will...
Debt For BNPL Consumers In The US To Reach $15 Bln By 2025: Study

Debt For BNPL Consumers In The US To Reach $15 Bln By 2025: Study

The outstanding debt of buy-now-pay-later (BNPL) customers in the United States is expected to reach $15 billion by 2025, according to a report released on Thursday by management consulting firm cg42.   During the COVID-19 pandemic, homebound consumers opted for online shopping, prompting...
UK Retailers Report The Weakest Revenue Growth Since The Lockdowns Ended

UK Retailers Report The Weakest Revenue Growth Since The Lockdowns Ended

As consumers tightened their belts in the face of rising inflation, British retailers experienced the slowest growth in sales since the end of COVID-19 lockdowns last year, according to business consultancy BDO.   Online sales decreased by 0.6% in August, marking their first decrease since...
1 ... « 28 29 30 31 32 33 34 » ... 91

World

China’s Xi’s blueprint for a multipolar era: markets, institutions and a China-led remit

China’s Xi’s blueprint for a multipolar era: markets, institutions and a China-led remit
Chinese President Xi Jinping used a high-profile summit of the Shanghai Cooperation Organisation to set out an expansive vision for a reshaped global order — one that leans on regional institutions,...

Economic Necessity and Geopolitical Hedging: Why India and China Are Reopening Skies and Trade

Economic Necessity and Geopolitical Hedging: Why India and China Are Reopening Skies and Trade
India and China’s agreement to resume direct flights and expand trade and investment marks a pragmatic thaw between two wary neighbours — a move shaped as much by regional border diplomacy as by a...

Putin–Witkoff Kremlin Talks Raise Global Stakes as U.S. Deadline Nears

Putin–Witkoff Kremlin Talks Raise Global Stakes as U.S. Deadline Nears
U.S. special envoy Steve Witkoff met Russian President Vladimir Putin at the Kremlin on Wednesday, just two days before the expiration of a key deadline set by President Donald Trump. The deadline...

China’s Exit Bans Trap U.S. Citizens Amid Diplomatic Strain

China’s Exit Bans Trap U.S. Citizens Amid Diplomatic Strain
China’s use of exit bans against U.S. nationals has escalated from a sporadic legal remedy into a potent instrument of state leverage, ensnaring professionals, former officials and corporate...

China Expands Global Reach to Fill U.S. Diplomatic Void

China Expands Global Reach to Fill U.S. Diplomatic Void
China has moved decisively to enlarge its diplomatic footprint around the world as Washington’s engagement recedes. From Africa to Latin America, and across Asia and the Pacific, Beijing is deploying...

People

Federal Judge Likely to Stand Guard Over Fed’s Independence in Cook Dispute

Federal Judge Likely to Stand Guard Over Fed’s Independence in Cook Dispute
The legal and political battle over President Donald Trump’s attempt to fire Federal Reserve Governor Lisa Cook is moving into a Washington courtroom, where a federal judge is preparing to hear...

When Allies Turned Adversaries: The Dramatic Implosion of the Trump–Musk Alliance

When Allies Turned Adversaries: The Dramatic Implosion of the Trump–Musk Alliance
The alliance between former President Donald Trump and tech magnate Elon Musk—once hailed as an unlikely marriage of populist politics and Silicon Valley ambition—crumbled in a matter of days this...

Trump Declines Further Debates As Harris Emerges As Debate Winner In Polls

Trump Declines Further Debates As Harris Emerges As Debate Winner In Polls
Republican nominee and former U.S. President Donald Trump announced on Thursday that he would not participate in a third presidential debate against his Democratic rival, Vice President Kamala...

Kamala Harris Targets GOP Economic Criticism With New Policy Proposals

Kamala Harris Targets GOP Economic Criticism With New Policy Proposals
Vice President Kamala Harris on Friday presented a comprehensive economic policy agenda aimed at countering criticisms from Republicans and addressing key middle-class concerns. Speaking in Raleigh,...

Musk Gives To An Organisation That Supports Trump's Election: Bloomberg

Musk Gives To An Organisation That Supports Trump's Election: Bloomberg
According to a Bloomberg story quoting sources, billionaire Elon Musk, who has been criticising US President Joe Biden more and more, has contributed to a political organisation that aims to elect...