The Fed’s policy tightening and a strengthening dollar are having a knock-on effect on African nations’ balance sheets and public debt burdens.Story Published at: December 01, 2022 at 06:07AM
Fed hikes and a stronger dollar are fueling risks of political instability in Africa
UK banks told to break ‘class ceiling’ with new targets to boost diversity among senior hires
The U.K.’s financial services sector must do more to “break the ‘class’ ceiling,” according to a government-backed task force.Story Published at: December 01, 2022 at 06:10AM
South Korea’s SM Entertainment plans to set up its Southeast Asia headquarters in Singapore
South Korea’s SM Entertainment will be setting up its Southeast Asian headquarters in Singapore as part of its expansion plans in the region.Story Published at: December 01, 2022 at 04:58AM
China tech stocks have ‘a lot of upside’ and peak regulation is over, fund management firm says
The Chinese government is unlikely to introduce new regulations for the internet tech sector, according to Jonathan Krane of KraneShares.Story Published at: December 01, 2022 at 03:35AM
White House weighs future release of emergency heating, crude oil reserves as winter nears
Industry heating oil inventories have recently risen, but with a 54% jump in price in the last year, any hiccup in supply could mean a headache for consumers. Story Published at: November 30, 2022 at 11:06PM
Elon Musk meets Tim Cook, says Apple never considered removing Twitter app
The meeting marks a significant de-escalation days after Musk went on a tweet storm accusing Apple of threatening to pull the Twitter app from the App Store.Story Published at: December 01, 2022 at 12:14AM
China is a growing threat to national security, U.S. companies and American workers, U.S. Commerce Secretary Raimondo says
It’s now clear to U.S. officials that China, once considered a possible ally, has become an threat to national security, U.S. companies and American workers.Story Published at: November 30, 2022 at 10:16PM
Bret Taylor steps down as co-CEO of Salesforce, Marc Benioff stays on as CEO
Story Published at: November 30, 2022 at 09:16PM
A UK charity backed by disgraced crypto kingpin Sam Bankman-Fried sounds alarm to UK regulators after FTX collapse
The implosion of Sam Bankman-Fried’s firms amid a tsunami of new legal troubles casts doubt on the future of the charities he helped underwrite.Story Published at: November 30, 2022 at 08:12PM
Biden’s Inflation Reduction Act makes green hydrogen profitable at scale, Goldman Sachs says
The use of hydrogen in the shift to a more sustainable future has become a big talking point in recent years.Story Published at: November 30, 2022 at 01:11PM