State-owned enterprises (SOEs) are a sector that constructs and develops vital economic infrastructure and key industries to create motivation for economic development, especially when the...
Guyana’s Oil Boom: How the World’s Fastest Growing Economy is Transforming
Guyana, a small South American country with a population of about 800,000 people, is experiencing an unprecedented economic boom thanks to its vast offshore oil...
Chase UK Bans Crypto Transactions Over Scam Fears
JPMorgan Chase & Co.'s UK digital bank, Chase UK, has announced that it will block customers from making crypto transactions, citing an increase in frauds...
Idris Elba Partners with Stellar Development Foundation to Promote Crypto for Good
Idris Elba, the British actor and filmmaker known for his roles in TV series The Wire and Luther, has announced a partnership with the Stellar...
Pret A Manger faces backlash over price hikes amid food inflation
Pret A Manger, the popular sandwich chain, has been accused of increasing its prices by five times more than its rivals amid rising food inflation....
Nvidia’s Rise to Trillion-Dollar Club: How Gamers and AI Fueled Its Success
Nvidia, the leading chipmaker in the world of gaming and artificial intelligence (AI), has become the first US semiconductor company to join the exclusive trillion-dollar...
Thailand’s central bank pauses rate hikes amid low inflation and weak growth
The Bank of Thailand (BOT) decided to keep its key policy rate unchanged at 2.25% on Wednesday, ending a year-long tightening cycle that saw seven...
China’s Everbright settles $361 million lawsuit over UK sports media deal
China’s state-owned Everbright Securities agreed to pay 2.64 billion yuan ($361 million) to settle lawsuits in connection with its failed 2016 investment in a now...
Citigroup to cut hundreds of jobs in UK amid global restructuring
Citigroup, one of the largest US banks, has warned its UK staff of possible redundancies as it moves ahead with a major overhaul of its...
Asian stocks slide as central banks tighten policy, yen nears 150 level
Asian stocks fell on Monday, dragged by China, after central banks last week reinforced the message that interest rates would stay higher for longer, while...
Stock markets mixed as traders eye high interest rates for longer
Global stock markets showed mixed reactions on Friday as investors weighed the implications of central bank signals that interest rates will remain high to combat...
Delta Corp faces Rs 16,800 crore GST demand; company to challenge it in court
Delta Corp, India’s largest gaming and casino operator, has received tax notices totalling Rs 16,822 crore from the Directorate General of GST Intelligence (DGGI) on...
Evergrande Faces Liquidation Risk After Scrapping Creditor Meetings
China Evergrande Group, the troubled property developer that defaulted on its offshore debt in late 2021, has scrapped key creditor meetings that were scheduled for...
Ford Motor Company and Canadian Auto Workers Union Unifor Reach Agreement to Boost Wages and Investments
After months of negotiations, Ford Motor Company and the Canadian Auto Workers Union Unifor have reached a tentative agreement that will increase wages, pensions, and...
Indonesia’s EV industry attracts global investors and boosts ASEAN’s automotive sector
Indonesia, the largest economy in Southeast Asia, has been making strides in developing its electric vehicle (EV) industry. The country’s rich natural resources, supportive policies...
Vietnam to restart its biggest rare-earths mine to challenge China’s dominance
Vietnam is planning to revive its largest rare-earths mine next year with a project backed by Western investors, according to two companies involved in the...