The Bank for International Settlements (BIS), the organization that unites all of the world’s central banks, called for additional interest rate increases on Sunday, warning
Category: WORLD NEWS
IBM to acquire cloud-based software company Apptio for $5 billion.
IBM is close to reaching an agreement to buy software developer Apptio for roughly $5 billion. The deal between the corporations might be finalized over
Saudi Aramco and TotalEnergies sign an $11b contract to build a future world-scale petrochemical plant in Jubail.
Aramco and TotalEnergies announced in a joint statement on Saturday that they had signed a $11 billion contract to begin construction on a new petrochemicals
The Paris climate summit failed to endorse a $100b climate fund for developing countries.
The Paris Summit on Finance and Climate came up short of reaching an agreement to impose a charge on greenhouse gas emissions from international shipping.
Extreme tourism: OceanGate, Titanic-bound submersible imploded killing 5 people on board.
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
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
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