How the richest man in Asia lost his crown in a matter of days

How the richest man in Asia lost his crown in a matter of days

Gautam Adani, billionaire and chairman of Adani Group, at an event at the Port of Haifa in Haifa, Israel, on Tuesday, January 31, 2023. Adani, the Indian billionaire whose business empire was rocked by allegations of fraud by short seller Hindenburg Research, said that his company will invest more in Israel. Bloomberg | Bloomberg | … Read more

Eurozone inflation January 2023 print ahead of ECB interest rate meeting

Eurozone inflation January 2023 print ahead of ECB interest rate meeting

Inflation in the Eurozone eased in the last two months of 2022, but the economic indicator is still well above the European Central Bank’s 2% mandate. Jeff Groenberg | Universal Image Group | Getty Images Inflation in the Eurozone fell for the third consecutive month in January on the back of a sharp drop in … Read more

Intel cuts wages, bonuses after disastrous quarterly results

Intel cuts wages, bonuses after disastrous quarterly results

Intel shocked workers on Tuesday evening that it is slashing workers’ compensation after reporting dismal financial results last week. The chipmaker said it will cut base pay for above-mid-level employees by at least 5% starting March 1, according to employees who heard the company’s announcement. Vice presidents get a 10% cut, more senior executives get … Read more

Adani loses Asia’s richest crown as the price drop deepens to $84 billion

Adani loses Asia’s richest crown as the price drop deepens to  billion

BENGALURU, Feb. 1 (Reuters) – Shares in Indian magnate Gautam Adani’s conglomerate plunged again on Wednesday as defeat in his companies deepened to $84 billion in the wake of a US short-seller report, which also saw the billionaire lose his title. as Asia’s richest lost person. Wednesday’s stock losses dropped Adani to 15th on the … Read more

Britain is drafting plans to regulate the crypto industry in the wake of FTX’s collapse

Britain is drafting plans to regulate the crypto industry in the wake of FTX’s collapse

British Prime Minister Rishi Sunak speaks at a Q&A at Teesside University on January 30, 2023. Oli Scarf | Wpa Pool | Getty Images NewsS The UK has formally laid out plans to regulate the cryptocurrency industry, with the government looking to curb some of the reckless business practices that have emerged over the past … Read more

South Korea is posting the largest trade deficit in its history

South Korea is posting the largest trade deficit in its history

November 05, 2022, South Korea, Pusan: Containers are loaded from the container freighter “Alula Express” at Busan Newport International Terminal, one of the largest container ports in the world. Photo: Bernd von Jutrczenka/dpa (Photo by Bernd von Jutrczenka/Photo alliance via Getty Images) Photo Alliance | Photo Alliance | Getty Images South Korea posted a trade … Read more