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

Half a million Britons are taking part in the biggest strike in 12 years

Half a million Britons are taking part in the biggest strike in 12 years

LONDON, ENGLAND – JANUARY 16: Protesters from various trade unions attend a demonstration against the UK government’s plans to restrict the ability of public sector workers to strike, outside Downing Street on January 16, 2023 in London, England. (Photo by Guy Smallman/Getty Images) Guy Kleinman | Getty Images News | Getty Images LONDON – More … 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

Most Adani bonds rise after the Group’s $2.5 billion share sale

Most Adani bonds rise after the Group’s .5 billion share sale

Most dollar bonds issued by the Adani group of companies won for a second day on Wednesday after the flagship sold $2.5 billion worth of shares in a follow-up offering that was fully subscribed.The 2024 note of Adani green energy Ltd. gained nearly 5 cents on the dollar to 80.9 cents as of 9:35 a.m. … Read more

Google is testing ChatGPT-like chatbot ‘Apprentice Bard’ with employees

Google is testing ChatGPT-like chatbot ‘Apprentice Bard’ with employees

A man walks through Google offices in New York City on January 25, 2023. Leonardo Munoz | Corbis News | Getty Images Google is testing new artificial intelligence-powered chat products that are likely to influence a future public product launch. They include a new chatbot and a possible way to integrate it into a search … Read more

Equity futures are ticking lower as traders await the Federal Reserve’s final decision on rate hikes

Equity futures are ticking lower as traders await the Federal Reserve’s final decision on rate hikes

Traders on the floor of the NYSE Source: NYSE Stock futures fell Tuesday evening as investors looked ahead to the Federal Reserve’s Wednesday meeting. Futures linked to the Dow Jones Industrial Average lost 48 points, or 0.14%. S&P 500 futures and Nasdaq Composite futures fell 0.20% and 0.37% respectively. The moves come after shares surged … Read more

Amazon layoffs affect workers in robotics, grocery, health, AWS departments

Amazon layoffs affect workers in robotics, grocery, health, AWS departments

Amazon’s headquarters is virtually empty on March 10, 2020 in downtown Seattle, Washington. In response to the coronavirus outbreak, Amazon advised all employees in its Seattle office to work from home, leaving much of the downtown area near empty. Jan Moore | Getty Images from Amazon The more than 18,000 jobs announced this month are … Read more

PayPal will lay off 2,000 employees in the coming weeks, about 7% of its workforce

PayPal will lay off 2,000 employees in the coming weeks, about 7% of its workforce

Dan Schulman, CEO, Paypal speaks at the World Economic Forum in Davos, Switzerland, January 23, 2020. Adam Galacia | CNBC PayPal announced plans Tuesday to lay off 2,000 employees, or about 7% of its workforce, according to a post on the company’s website. President and CEO Dan Schulman wrote in the release that PayPal is … Read more