Business News

Saudi Arabian Crown Prince Mohammed to Invest $500 Million in Crisis-Hit Credit Suisse - Report

Prince Mohammed's investment will go into Credit Suisse's investment arm CS First Boston spinout, the WSJ said.

Dec 5, 2022

By Jacob J

Global Banks Will Rake in Solid Profits in 2023 on Rising Interest Margins, Says

Capital ratios will remain broadly stable across regions, as solid profitability allows banks to generate capital internally and as regulatory requirements remain high.

Dec 3, 2022

By IANS

EU Agrees $60 Price Cap on Russian Crude; Moscow Ramps Up Production to Meet Rising Asian Demand

The European Union price cap of $60 per barrel will likely come into effect next Monday.

Dec 3, 2022

By Jacob J

Many businesses desire to collaborate with Djordje Novakovic, an entrepreneur and marketing guru

Djordje Novakovic said It is no secret that the digital age has created an opportunity for entrepreneurs and companies in the marketing industry.

Dec 2, 2022

By IBT Desk

Conflict of Interest in App Store Policies, Vast Majority Mobile Ecosystem Profits Go to Apple: Mark Zuckerberg

Musk being the new Twitter owner, the Meta CEO said "it'll be very interesting to see how this plays out".

Dec 2, 2022

By IANS

Jack Ma Hiding in Japan With Family; Focus on Alibaba Founder as China Protests Spread

Jack Ma, the co-founder of Alibaba Group, left China along with his family some six months ago and is living in Tokyo, reports say.

Nov 30, 2022

By Jacob J

After FTX, Crypto Finance Firm BlockFi Files for Chapter 11 Bankruptcy; Plans to Lay Offs Workers

BlockFi said that as part of its restructuring efforts, the company will focus on recovering all obligations owed to BlockFi by its counter-parties, including FTX and associated corporate entities.

Nov 29, 2022

By IANS

Where is Sam Bankman-Fried Hiding? Crypto Community Hunting SBF in Bahamas, Crowd Funding Search Ops

Crypto influencers are flying to the Bahamas to see for themselves where Sam Bankman-Fried is hiding after his multi-billionaire dollar crypto empire collapsed overnight.

Nov 28, 2022

By Nandika Vinal Chand

Oil Prices Tumble as Dire China Protests Worsen Economic Outlook

The unprecedented unrest has further darkened the outlook for the world's second largest economy, triggering a broad selloff in commodities and particularly depressing the oil markets.

Nov 28, 2022

By Jacob J

Tiantian Kullander Cause of Death: Crypto Industry in Shock as Amber Group's Young Founder Dies Suddenly Amid Fundraising Process

The crypto and finance industry has been shocked by the sudden passing away of Titantian Kullander, the co-founder of Amber Group.

Nov 28, 2022

By Nandika Vinal Chand

Binance Launches Proof-of-Reserves System for Bitcoin Reserves, Starts with Bitcoin

With the new proof-of-reserves website, the crypto exchange company confirmed that its own money is not included in the BTC wallets used in the proof-of-reserves system.

Nov 26, 2022

By IANS

China Covid-19 Infections Hit Record High; Central Bank Infuses $70 Billion Into Faltering Economy

The Chinese economy's growth had decelerated to just 3 percent in the first three quarters of 2022, which is far below the targeted annual growth rate of around 5.5 percent.

Nov 25, 2022

By Jacob J

Coronavirus

Watch Collector Zach Lu's Seventeen-Year-Long Journey with Patek Philippe

Zach Lu said I've met so many famous people, I've attended special events across the world. And I really couldn't ask for anything more

Nov 25, 2022

By IBT Desk

For Expert Project Manager Shamli Nikam, The Keys To Success Are Determination And A Balance Of Big-Picture Thinking And Detailed Strategy

Shamli Nikam said I have worked on projects of all sizes for different industries. I have rescued projects that were failing, and I have been pulled into projects that were tracked.

Nov 25, 2022

By Anshul Panda

Recession Worries to Ease as Fed Minutes Suggest Pace of Interest Rate Hikes Will Slow Down

The minutes of the policymakers' meeting earlier this month showed that a 'substantial majority' of policymakers thought it was now okay to reduce the pace of the rate hike.

Nov 24, 2022

By Jacob J

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