As evidence mounts of the long-term harm being inflicted on the U.K. economy by Brexit, the government is coming under pressure to acknowledge the elephant in the room.Story Published at: November 23, 2022 at 01:29PM
Brits are starting to think again about Brexit as the economy slides into recession
Credit Suisse shareholders greenlight $4.2 billion capital raise
Credit Suisse shareholders on Wednesday approved a 4 billion Swiss franc ($4.2 billion) capital raise aimed at financing the embattled lender’s massive strategic overhaul.Story Published at: November 23, 2022 at 10:23AM
Scotland cannot hold an independence referendum without UK government approval, top court rules
The U.K.’s Supreme Court on Wednesday told the Scottish government it cannot hold a fresh independence referendum without the U.K. government’s consent.Story Published at: November 23, 2022 at 10:08AM
Europe’s gas price cap leaves some nations dismayed, saying it’s far too high
Introducing a cap on gas prices has been one of the more controversial measures for Europe amid an acute energy crisis following Russia’s invasion of Ukraine. Story Published at: November 23, 2022 at 09:05AM
Bitcoin bounces off 2-year low with 5% rally even as traders remain cautious after FTX collapse
Cryptocurrency investors are worried about contagion from the FTX fallout and are looking for signs of other entities that may have had exposure to the exchange.Story Published at: November 23, 2022 at 08:37AM
Baidu claims its robotaxis rival traditional ride-hailing in parts of China
Chinese tech company Baidu said its robotaxi business in large cities is close to gaining the same traction with locals as traditional ride-hailing services.Story Published at: November 23, 2022 at 08:35AM
Young people just got a louder voice on global climate issues — here’s what that means
COP27 was another milestone for young climate activists as they became official climate policy stakeholders under the ACE Action Plan. Story Published at: November 23, 2022 at 06:14AM
Jim Cramer says these 10 tech and software stocks can make a comeback
CNBC’s Jim Cramer on Tuesday named hammered tech stocks that he believes can make a comeback after the Federal Reserve finishes tightening the economy.Story Published at: November 23, 2022 at 07:00AM
Credit Suisse projects $1.6 billion fourth-quarter loss as it embarks on strategy overhaul
Credit Suisse on Wednesday projected a 1.5 billion Swiss franc ($1.6 billion) fourth-quarter loss as it undertakes a massive strategic overhaul.Story Published at: November 23, 2022 at 06:26AM
China may have ‘passed the point of no return’ as Covid infections soar
Surging Covid infections make it harder for China to achieve zero-Covid without reverting to a harsh lockdown, Macquarie’s Chief China Economist Larry Hu said.Story Published at: November 23, 2022 at 06:06AM