Business News

Eurozone Returns to Growth in Second Quarter, Inflation Edges Down

Gross domestic product (GDP) in the 20-member euro currency zone expanded by 0.3 percent in the second quarter, beating economists' estimate of 0.2 percent growth.

Jul 31, 2023

By Jacob J

Swiss National Bank Posts $15 Billion Loss as Rate Hikes Hit Bond Holdings

The SNB lost 8.08 billion francs on its foreign currency positions of 742 billion francs as bond prices fell as investors feared more interest rate hikes by the U.S. Federal Reserve, European Central Bank and others.

Jul 31, 2023

By Reuters

6 Strategies To Learn Investing: A Beginner's Guide to Investing in Stocks

Eric Calica is a firm believer in 'Reality is the reflection of belief'. He feels that one should be patient and consistent enough to invest and gain effective returns from the stocks

Jul 31, 2023

By IBT Desk

US Fed, ECB and BoE Edge Closer to Ending Rate Hike Regime as Inflation Cools

Supporting the price data, it was also reported that the rise in labor costs were also at the slowest pace in two years.

Jul 28, 2023

By Jacob J

Shell Makes $5 Billion Profit in Q2; Climate Activists Stage Protest at London Headquarters

Shell, like other oil and gas majors, had hugely benefited last year from the bumper price surges in oil and gas in the aftermath of Russia's invasion of Ukraine.

Jul 27, 2023

By Jacob J

Worldcoin: UK Data Regulator Announces Probe on Data Privacy Concerns After Sam Altman Launches Ambitious Project

The ICO's decision to examine arises from the awareness that such a novel and ambitious endeavor necessitates comprehensive scrutiny.

Jul 26, 2023

By Anshul Panda

NatWest CEO Alison Rose Resigns after Row Over Closing Nigel Farage's Account Due to Political Views

Rose's resignation comes in the wake of the revelation by former Brexit party leader Nigel Farage that his account at a NatWest subsidiary was closed on account of his political view.

Jul 26, 2023

By Jacob J

What is Worldcoin? OpenAI CEO Sam Altman Launches Groundbreaking AI-to-Crypto Biometric Network

The Worldcoin token acts as a crypto token or digital cash that is freely provided to users upon signup, demonstrating their individuality as actual human beings.

Jul 26, 2023

By Anshul Panda

Global Food Inflation Set to Soar as India Bans Rice Export

India is a key player in the global grains market, and accounts for a whopping 40 percent of the global rice trade.

Jul 25, 2023

By Jacob J

Business Leaders In Greater Need of Agility and Adaptability Today, Says McKinney Consulting's Steve McKinney

My background in such a competitive sector taught me the importance of staying ahead and on top of trends.

Jul 25, 2023

By IBT Desk

Bird Has Flown as Elon Musk, Twitter CEO Yaccarino Unveil New 'X' Logo

Both Yaccarino's and Musk's Twitter handles feature the X logo, although the Twitter blue bird is still visible across the platform.

Jul 24, 2023

By Reuters

Elon musk

Russia's External Debt-to-GDP Ratio Falls to Historic Low

This impressive progress stands in stark contrast to 1999 when Russia's external debt-to-GDP ratio hit its highest peak at a staggering 91 per cent.

Jul 22, 2023

By IANS

AT&T Will Have to Spend $4 Billion to Remove 60,000 Miles of Lead-Coated Cables - Report

Analysts at Goldman Sachs and Morgan Stanley said the estimated cost of removing about 60,000 miles of cables would be in the range of $2 billion to $4 billion.

Jul 21, 2023

By Jacob J

Goldman feels the heat in Asia as IPO engine slows

Goldman Sachs Profits Plunge 58% to Hit $1.2 Billion in the Second Quarter

The Wall Street giant also suffered from nearly $1 billion in impairment charges on consumer and commercial real estate holdings.

Jul 19, 2023

By Jacob J

Bloodbath in AT&T, Verizon and Frontier Stocks Continues Over 'Lead-Coated Cable' Scare

A damaging report says that lead-coated cables installed under the old Bell System by major telecom companies like AT&T, Verizon and Frontier are still an environmental hazard.

Jul 19, 2023

By Jacob J

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