Browsing Category
USA
Biden Thwarts Chinese Chip Industry With New Export Rules
The administration of US President Joe Biden has presented new export regulations designed to slow down China's technological and military progress.
For example, American chip companies should stop supplying specific equipment to…
Read More...
Read More...
Wall Street Started Slightly Higher on New Trading Day
The stock markets in New York opened slightly higher on Thursday, so the losses from a day earlier did not continue. The strong rally on Wall Street from the beginning of this week has come to an end for the time being.
Investors…
Read More...
Read More...
Musk Sees Twitter Purchase as Stepping Stone to an Everything App
Elon Musk sees the purchase of Twitter as a step toward an 'everything app'. This is apparent from a tweet from the Tesla CEO, who now wants to continue with the takeover of the messaging service.
An 'everything app' is an app that…
Read More...
Read More...
Iranian Leader Blames US and Israel for Unrest After Amini Death
Iranian Ayatollah Ali Khamenei blames the United States and Israel for the protests after Mahsa Amini's death. The young woman died after being arrested for violating Iran's strict dress code.
In his initial response to the weeks…
Read More...
Read More...
Financial Center Rankings: New York Tops, Moscow Plummets
New York remains the most important financial centre in the world, followed by London. This is evident in the Global Financial Centers Index (GFCI) ranking.
Singapore has ousted Hong Kong from third in the ranking, while Moscow has…
Read More...
Read More...
US Big Banks Threaten to Leave UN Climate Alliance
Several major US banks are threatening to leave an alliance led by United Nations climate envoy Mark Carney. There are concerns about legal risks. That reports business newspaper Financial Times citing sources.
These include banks…
Read More...
Read More...
PepsiCo Stops Production of Soft Drinks in Russia
American snack and soft drink manufacturer PepsiCo has stopped making Pepsi, 7UP and Mountain Dew in Russia. The eventual cessation of production follows the company's promise almost six months ago to cease sales and production in Russia…
Read More...
Read More...
US 10-Year Yield at Highest Level in Years
Ten-year yields on US government bonds have risen above 3.5 percent for the first time since 2011.
The reason is US inflation, which remains high.
As a result, investors expect the US central bank to raise the key rate…
Read More...
Read More...