Business News

UK Retailer Wilko Collapses After Failing to Find Emergency Funding; 12,500 Jobs At Risk

Wilko, which was founded in 1930, sells homeware and household goods at a discount.

Aug 11, 2023

By Jacob J

Comparing Bitcoin Oracle AI and Quantum AI Trading App: Making Sense of Crypto Trading Automation

Both Bitcoin Oracle AI and Quantum Trading app are considered as top crypto trading apps of today. Here is comparative analysis of both the platforms.

Aug 11, 2023

By Anshul Panda

WeWork to Go Belly Up? SEC Filing Shows Bankruptcy a Near-Certain Option

On Wednesday the shares plunged again, hitting 13 cents, while the market cap touched a dismal $260 million.

Aug 10, 2023

By Jacob J

China Q4 GDP grows 6.8 percent, slightly more than expectations, but rises debt risks

After Exports and Imports Decline, Data Shows China Slumps Into Deflation

The latest inflation reading shows that China is the first G20 country to report a year-on-year decline in consumer prices in the last two years.

Aug 9, 2023

By Jacob J

Moody's Downgrades 10 US Banks, Warns of Possible Cuts to Others

The downgraded banks include M&T Bank, Pinnacle Financial Partners, Prosperity Bank and BOK Financial Corp.

Aug 8, 2023

By Reuters

Tech Titans Clash: Musk Vs. Zuckerberg Cage Fight Goes Live on 'X'

The much hyped Zukerberg and Musk cage fight will be livestreamed on X, though the date of clash has not been disclosed yet.

Aug 8, 2023

By Anshul Panda

Elon musk Mark zuckerberg

Founder Shares His Thoughts on the Future of Tokenized Real-World Assets (RWAs)

TradFi institutions may accept tokenized RWAs as collateral for loans, allowing crypto-native users to borrow within TradeFi

Aug 7, 2023

By IBT Desk

Saudi Aramco Second Quarter Profit Plunges 38% Output Cuts Fail to Boost Crude Prices

In addition to lower crude prices, weaker refining and chemicals margins also pushed Aramco's profits down.

Aug 7, 2023

By Jacob J

Credit Suisse to Cut 80% of Hong Kong Investment Bank Jobs - Report

Only about 20 bankers will be spared the cuts that will impact Credit Suisse's 100-strong investment banking team in Hong Kong, Reuters reported.

Aug 7, 2023

By Reuters

Berkshire Posts Record Operating Profit of $36 Billion as Rising Rates Boost Buffett's Returns

During the second quarter it sold $8 billion more stocks than it bought and repurchased less of its own stock, and it ended June with a near-record $147.4 billion of cash.

Aug 6, 2023

By Reuters

Wall Street Rises on Amazon Boost, US Jobs Growth Remains Moderate

Nonfarm payrolls in the country increased by 187,000 jobs in July, Labor Department data showed on Friday.

Aug 4, 2023

By Reuters

HashKey Exchange Receives License to Offer Crypto Retail Trading in Hong Kong, Reports Coingraph News.

HashKey Group, which operates across various sectors such as venture funding, asset management, and trading, has also made headlines recently.

Aug 4, 2023

By IBT Desk

Designing the Future: Narasimha Rao Konangi's Expertise in Enterprise Application Integrations

Narasimha Rao Konangi said Data platforms that are scalable, reliable, and well-architected have become the new North Stars for organizations embarking on their digital transformation journey

Aug 4, 2023

By Pau Castillo

Saudi Arabia and Kuwait Claim Full Rights to Huge Persian Gulf Gas Field After Iran Plans Drilling

Kuwait and Saudi Arabia said on Thursday they have the full rights to conduct gas exploration in the gas field, which is known as Arash in Iran and Dorra in Kuwait and Saudi Arabia.

Aug 3, 2023

By Jacob J

Unlock Financial Success: Andrew Imbesi's Exclusive Business Funding Program

Andrew Imbesi's Exclusive Business Funding Program offers a game-changing opportunity for entrepreneurs and business owners looking to unlock their financial potential.

Aug 3, 2023

By IBT Desk

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