Bloomberg News reports that SoftBank Group Corp-backed startup for ride-sharing Socar Inc. is ready to file for an IPO or Initial Public Offering of at least 154.7 billion won, which is equivalent to $119 million earliest Friday, thereby testing...
Deutsche Bank’s CEO warned against the global economy heading for a possible recession as central banks stepped up their efforts to curb inflation, joining the increasing chorus of policymakers and executives who paint a grim picture.
CEO Christian Sewing, in...
Bloomberg News reports that the United States has planned to initiate testing for Monkeypox at the nation’s five of the biggest commercial laboratories, thereby broadening the efforts beyond just the government facilities. This is an effort to attend to...
There is no shortage of complications in searching for a new CEO for Starbucks Corp. Starbucks faltering China business and the unionization of the US stores are resulting in a turn-off for potential candidates for the plum post. The...
Bloomberg News reports crypto is witnessing increased hedge fund demands in a trading strategy independent of the directional views related to the market.
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Undoubtedly, 2022 has been a challenging year for...
Bloomberg News reports that Bitcoin struggled to hold above the closely watched $20,000 level, extending a market volatility period that has seen huge swings on the weekends.
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Elon Musk, CEO of Tesla Inc., has confirmed that salaried staff will be cut by 10% over the next three months. He, however, confirmed that the overall headcount in the EV Company would reduce by only 3.5 % as...
Bloomberg News reports that a stock bounce on Wednesday reversed in Asia, commodities dropped, and the dollar escalated amidst warnings that the monetary tightening of the Federal Reserve might lead to an economic meltdown.
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The chip industry in China is growing much faster than the rest of the world after US sanctions on local champions, including Huawei Technologies and Hikvision, spurred demand for homegrown chipsets.
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According to data compiled by Bloomberg, 19...
Lawrence Summers, the former US treasury secretary, says that the jobless rate in the US needs to rise above 5% for five years so that inflation can be curbed and which at present is running at the highest pace...
