Business News

Bird Has Flown as Elon Musk, Twitter CEO Yaccarino Unveil New 'X' Logo

Both Yaccarino's and Musk's Twitter handles feature the X logo, although the Twitter blue bird is still visible across the platform.

Jul 24, 2023

By Reuters

Elon musk

Russia's External Debt-to-GDP Ratio Falls to Historic Low

This impressive progress stands in stark contrast to 1999 when Russia's external debt-to-GDP ratio hit its highest peak at a staggering 91 per cent.

Jul 22, 2023

By IANS

AT&T Will Have to Spend $4 Billion to Remove 60,000 Miles of Lead-Coated Cables - Report

Analysts at Goldman Sachs and Morgan Stanley said the estimated cost of removing about 60,000 miles of cables would be in the range of $2 billion to $4 billion.

Jul 21, 2023

By Jacob J

Goldman feels the heat in Asia as IPO engine slows

Goldman Sachs Profits Plunge 58% to Hit $1.2 Billion in the Second Quarter

The Wall Street giant also suffered from nearly $1 billion in impairment charges on consumer and commercial real estate holdings.

Jul 19, 2023

By Jacob J

Bloodbath in AT&T, Verizon and Frontier Stocks Continues Over 'Lead-Coated Cable' Scare

A damaging report says that lead-coated cables installed under the old Bell System by major telecom companies like AT&T, Verizon and Frontier are still an environmental hazard.

Jul 19, 2023

By Jacob J

Transforming Energy Access: How Elan Future Technology Empowers Developing Nations and Reduces Pollution

Elan Future's advanced technology, developing countries can reduce pollution levels and empower impoverished communities with access to clean energy.

Jul 18, 2023

By IBT Desk

Goldman Sachs Cuts Probability of US Recession in Next 12 Months

Economic activity has remained resilient, despite significantly higher borrowing costs since the Fed started its rate-hiking campaign in early 2022.

Jul 18, 2023

By Reuters

Web3 Utopia: Conquering the Challenges for Mass Adoption

LetMeSpeak introduced a subscription model with in-app purchases that spare users the treacherous navigation of crypto complexities and exchanges

Jul 17, 2023

By IBT Desk

China exports and imports fall more than expected in July due to weakening demand

China's Post-COVID Boom is Dead? Frail Q2 GDP Growth Suggests More Policy Support is Likely

Gross domestic product grew just 0.8% in April-June from the previous quarter, on a seasonally adjusted basis, data released by the National Bureau of Statistics showed on Monday.

Jul 17, 2023

By Reuters

Cryptocurrency Outlook: Bitcoin at 13-Month High as US Court Ruling Against SC Powers Major Currencies

Ripple Labs Inc did not breach securities legislation by selling its XRP coin on public exchanges, a US judge ruled on Thursday.

Jul 15, 2023

By Anshul Panda

What is Disinflation? US Annual Inflation Marks the Smallest Increase Since March 2021

Disinflation is a point where the inflation rate is falling but the overall inflation remains above target rates. This happens when prices are still rising, but at a slower rate than earlier.

Jul 14, 2023

By Jacob J

Meet The Forbes Top 100 CEO and Pioneer Making Waves in the Finance and Banking Sector, Through Digital Transformation

Ahmed Abdelaal said SG risks and opportunities are fundamental to business success, and they play a crucial role in shaping businesses' commitment in protecting the planet and its people alongside their investors' interest

Jul 13, 2023

By IBT Desk

Indian-Origin Techie who Works as Head of Youth Policy Accuses Meta of Anti-Asian Bias, Files Lawsuit

Meta fired more than 11,000 employees at the end of 2022, followed by another 10,000 roles in another round of mass layoffs in March this year.

Jul 12, 2023

By IANS

Mark zuckerberg

Chinese Regulators Hint at the End of Tech Crackdown as Mega Companies Bleed $1 Trillion

The Chinese crackdown started with the halting of the $37 billion initial public offering (IPO) of Ant Group in November 2020.

Jul 12, 2023

By Jacob J

Amazon Prime Day Sales Rise as Deep Discounts Tempt Inflation-Hit Shoppers

U.S. shoppers have been waiting for the best possible deals and discounts as rising interest rates and food prices have led them to delay purchases of big-ticket items in recent months.

Jul 12, 2023

By Reuters

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