BoE increased rates 13 times since 2021, wiping off $2.7tr from UK’s household wealth.
The rise in interest rates has reduced household wealth in Britain by more than 2 trillion pounds over the past year as a result of
African nations are trapped in a debt cycle, as Chinese loan repayment exceeds the amount they receive in new loans.
China's position as a major lender to developing countries has changed over the past ten years, with fresh loans to poorer nations drastically declining while
Amazon fined $2.5 billion for duping millions of customers with Prime subscription. – FTC.
A historic order has been obtained by the Federal Trade Commission from Amazon.com, Inc., Senior Vice President Neil Lindsay, and Vice President Jamil Ghani. This
Global hunger looms as Russia blocks wartime Black Sea deal allowing Ukraine to ship grain.
On Monday, Russia blocked the implementation of a ground-breaking peacetime agreement that permits grain to travel from Ukraine to regions of Africa, the Middle East,
Georgia city mass shooting left 3 men and one woman dead: the culprit is still at large.
A mass shooting occurred early on Saturday in Hampton, a tiny city close to Atlanta, leaving at least four people dead. At a news conference
Brexit fallout: Britain formally becomes a member of the Asia-Pacific region to ensure economic survival.
During a conference in New Zealand on Sunday, Britain formally joined an Asia-Pacific trade alliance that also consists of Japan and ten other countries. More
Italian workers shut down hundreds of local and international flights amidst train strikes at the peak of the tourism season.
Following an air transport union planned work stoppage two days after a train strike that crippled rail service, hundreds of flights across Italy were canceled
Clean energy: Japan to build 10GW offshore wind capacity with Toshiba and General Electric using local supply chain.
As Japan pushes for zero-carbon energy, Nikkei reported on Saturday that Japanese company Toshiba and American company General Electric intend to create a local supply
Nigeria’s Access Bank to buy five sub-Saharan Africa businesses from StanChart.
As part of a plan to divest such companies, Standard Chartered stated on Friday that it has struck a deal to sell its subsidiaries in
China Tech crackdown: Global funds exit is forcing regulators to call for a rare meeting as the economy falters.
In an effort to persuade foreigners to continue investing in the second-largest economy in the world despite its recent weakness and mounting geopolitical tensions, China’s
Elon Musk establishes the AI firm xAI to overrun OpenAI and ChatGPT.
The multibillionaire businessman Elon Musk unveiled his long-rumored artificial intelligence startup xAI on Wednesday. He also introduced a team of engineers from the same major
U.S-China chip war: China adopts chiplet technology to drive domestic semiconductor industry.
The sale of patents by struggling Silicon Valley business zGlue in 2021 was unremarkable save for one detail: 13 months later, startup Chipuller in southern
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