In the midst of an outpouring of condolences for the five people on board who perished, authorities turned their attention to figuring out why submarine
Category: WORLD NEWS
Bank of England hikes rates to 5%, highest in 15 years, stoking fears of recession.
Following the Bank of England’s surprise increase in borrowing costs on Thursday—a move intended to combat persistently high inflation but which will have a significant
US regulators push for 20% capital raise in compliance with Basel, banks reluctant given the financial crises.
U.S. banks are attempting to soften a significant regulatory plan to increase bank capital requirements because they fear it will be too burdensome, especially for
China aims to boost demand for EVs and other green vehicles by introducing the largest ever $72b tax credit.
China presented its largest-ever package of tax cuts for electric vehicles (EVs) and other green automobiles on Wednesday, totaling 520 billion yuan ($72.3 billion) over
UK economy worsens as national debt exceeded 100% of GDP for the first time in 62 years.
The UK government debt reached 100% of GDP for the first time since 1961 as a result of skyrocketing interest rates and inflation, undermining Prime
KKR to buy PayPal’s buy-now, pay-later $44b loans in Europe, as red-hot inflation choked consumers.
PayPal said on Tuesday that private equity firm KKR has agreed to buy a sizeable amount of its buy now, pay later (BNPL) loans in
Europe’s Airbus gets the biggest plane deal in history with a record 500-plane order from India’s IndiGo.
On the first day of the Paris Airshow, European aircraft manufacturer Airbus announced the largest aircraft order in history: an order for 500 narrowbody jets
U.S. weekend tragedy as gunmen killed 6 and injured over 40 people across cities.
This past weekend, there were numerous mass shootings and acts of violence across the country that resulted in the deaths of at least six individuals,
IMF working on a global central bank digital currency platform to fight cryptocurrency.
IMF Managing Director Kristalina Georgieva stated on Monday that the IMF is developing a framework for central bank digital currencies (CDBCs) to promote international trade.
UK regulator clears Amazon’s takeover of Roomba-maker iRobot in a $1.7b deal.
The proposed $1.7 billion acquisition of iRobot Corp, the company that makes the Roomba vacuum, by Amazon.com Inc. was approved by Britain’s antitrust regulator on
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