IMF says, global economic recession looms from the banking crisis, calls for caution.
Kristalina Georgieva, the head of the International Monetary Fund, urged ongoing vigilance in a speech given on Sunday in Beijing, warning that risks to financial
AfDB approves a $114 million loan for Africa’s first EV battery gigafactory in Morocco.
On Friday, the African Development Bank (AfDB) announced that it had authorized a €100 million ($114 million) loan to support the construction of Africa's first
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
Elon Musk values Twitter at $20b, giving over 50% loss on a $44b purchase price in 2022.
Elon Musk, the CEO of Twitter Inc., has offered stock grants to the workers of the social media business valued at close to $20 billion,
Microsoft Threatens To Cut Off Rival AI Search Engines From Bing Internet Data.
According to sources familiar with the situation, Microsoft Corp. has threatened to stop granting rival search engines access to its internet search data if they
Banking Crisis Opens Up the Fast-Growing Aerospace Industry to Private Equity.
Due to suppliers’ need for finance to keep up with the surge in demand for planes and parts, executives claimed that financial sector headwinds are
ECB calls for EU deposit insurance in a bid to reassure EU leaders over bank stability.
Following market turbulence brought on by Swiss and American banks, the European Central Bank is likely to reassure European Union leaders on Friday that banks
Bitcoin mining boom threatens electric grid in Texas.
According to a leading trade group, the surge in the power requirements for the miners has prevented cryptocurrency bankruptcy cases and concerns about electric power
Japan Industrial Partners to take Toshiba private in a $15b deal.
The board of Toshiba Corp. has approved a purchase bid from a group led by private equity firm Japan Industrial Partners, the company announced on
Switzerland commits $280b about 30% of GDP to UBS – Credit Suisse merger.
According to documents outlining the merger, Credit Suisse and UBS could receive more than 260 billion Swiss francs ($280 billion) in state and central bank
Tech giant Amazon cuts 9,000 more jobs across all sectors, giving a total 0f 27,000 in 2023.
According to a statement sent to employees on Monday by CEO Andy Jassy, Amazon plans to axe 9,000 additional jobs in the coming weeks. In
Credit Suisse says regulators gave orders that $17b bonds be rated as junk.
In a move that enraged investors on Sunday, Credit Suisse announced that 16 billion Swiss francs ($17.24 billion) of its Additional Tier 1 debt will
Load More
