Reuters reported, citing a government source, that Germany is considering banning certain components from Chinese firms, including Huawei, in its 5G mobile networks.Story Published at: March 08, 2023 at 10:55AM
China says it’s ‘puzzled’ after report Germany might ban Huawei from parts of 5G mobile network
Adidas warns of first annual loss in three decades and cuts dividend after Ye split
Adidas on Wednesday reported a substantial fourth-quarter loss and slashed its dividend, following the costly termination of its partnership with Kanye West’s Yeezy brand in October.Story Published at: March 08, 2023 at 10:23AM
No exit ramp for Fed’s Powell until he creates a recession, economist says
The U.S. Federal Reserve is likely to hike interest rates to at least 6.5% if the economy does not enter a mid-year recession, according to TS Lombard Chief U.S. Economist Steven Blitz.Story Published at: March 08, 2023 at 10:10AM
I have always worked twice as hard as men to be equal, IMF chief says
IMF Managing Director Kristalina Georgieva says she had to work “twice as hard” to be equal to her male colleagues.Story Published at: March 08, 2023 at 09:38AM
Ukraine is vowing to defend ‘fortress’ Bakhmut as Russian forces surround it: Here are 3 reasons why
It looks increasingly likely that Russia will be able to capture Bakhmut, but Kyiv has key reasons for trying to hold onto the besieged city in eastern Ukraine.Story Published at: March 08, 2023 at 09:15AM
China plans to revamp finance, tech oversight
China plans to overhaul its financial regulatory system by consolidating aspects of the central bank and securities regulator under a new entity.Story Published at: March 08, 2023 at 08:34AM
BlackRock says the Federal Reserve could hike interest rates to a peak of 6%
BlackRock’s chief investment officer of global fixed income Rick Rieder wrote in response to Fed Chair Jerome Powell’s testimony before a Senate committee.Story Published at: March 08, 2023 at 07:47AM
The Fed plans to keep hiking, but Australia is set to pause as it warns of recession risks
As Federal Reserve Chair Jerome Powell hints at bigger and possibly faster rate hikes ahead for the U.S., Australia’s central bank could be headed toward a different path.Story Published at: March 08, 2023 at 06:44AM
Biden to host EU chief as Europe hopes to avoid subsidy race with the U.S.
Both sides of the Atlantic have been embroiled in a trade dispute in the wake of Biden’s Inflation Reduction Act.Story Published at: March 08, 2023 at 06:33AM
This woman gave up law to start a restaurant — and turned it into a successful street food chain
Indian street food chain Mowgli now has almost twenty branches across the U.K. Its founder, Nisha Katona, has some advice for women entrepreneurs. Story Published at: March 08, 2023 at 06:37AM