The European Central Bank announced on Tuesday that it had increased capital requirements for twenty banks, citing a lack of reserves for defaulted loans as
Category: WORLD NEWS
US defense industry to profit from wars in 2024.
One CEO resisted, stating they did not want to be stuck with a warehouse full of rockets when the fighting stopped when the Pentagon summoned
Nissan will leverage local resources to sell China-made EVs to global markets.
Nissan Motor announced on Sunday that it will market electric cars (EVs) made in China throughout the world. The company recently signed an agreement with
Elon Musk says climate change is exaggerated, but oil and gas are still relevant.
Elon Musk, the founder of Tesla, stated on Saturday that oil and gas should not be vilified in the medium run, but he also stressed
Elon Musk’s X gets a money-transmitter license from the 13th US state in a push for money transfer business.
This week, a 13th U.S. state granted Elon Musk’s social media site X—previously known as Twitter—a money-transmitter license, bringing it one step closer to implementing
Blackstone-led investors acquire 20% of the $16.8b real estate portfolio owned by the FDIC-run Signature Bridge Bank.
On Thursday, the Federal Deposit Insurance Corp.-owned Signature Bridge Bank announced that it had sold 20% of its interest in the business, which was keeping
Fnality pioneers global blockchain payments at the Bank of England.
Fnality, a blockchain-based wholesale payments company, reported on Thursday that shareholders Lloyds Banking Group, Santander, and UBS completed the “world’s first” live transactions that digitally
Argentina is on the brink of social murder with a 50% devaluation of the peso and the removal of subsidies.
As part of shock measures that new President Javier Milei claims are necessary to address an economic emergency, Argentina announced on Tuesday a significant depreciation
Sino-US tension prompts JP Morgan to exit the $500 billion local custody business in Hong Kong and Taiwan.
Three companies are vying for the mandate to handle JPMorgan Chase’s local custody business in Taiwan and Hong Kong: Citigroup, HSBC, and Standard Chartered. Wall
New York to invest $1b to turn Albany into a global center for semiconductor research and manufacturing.
Governor Kathy Hochul said on Monday that New York State will invest $1 billion to increase chip research in Albany, the state capital, to make
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