Business News

Hong Kong Economy Shrinks for 3rd Straight Quarter; Asian Financial Hub on Brink of Recession

Hong Kong's economic contraction was the deepest since the Q2 numbers of 2020 showed the GDP product shrank 9.4 percent.

Oct 31, 2022

By Jacob J

Lorenzo Green Shares the Obstacles in His Successful Entrepreneurship Care

Lorenzo Green says No one ever said that life was easy. We all face challenges, whether they be big or small. Some people shy away from them, while others view them as an opportunity to grow and learn.

Oct 31, 2022

By IBT Desk

Dogecoin Surges More Than 70% After Elon Musk Completes Twitter Takeover

Cryptocurrency exchange Binance, which has invested $500 million into Musk's buyout of Twitter, said it is brainstorming strategies on how blockchain and crypto could be helpful to Twitter.

Oct 30, 2022

By Reuters

Elon musk

Shelton Powell, Creating Explosive Results For E-Commerce Stores Through His Agency 'Build My Brand'

Shelton Powel says that Build My brand is more than an agency. While most firms treat their clients like numbers, they treat them like family

Oct 28, 2022

By IBT Desk

Business tycoon Sahil Suri to start an initiative for rising female entrepreneurs

Sahil Suri says That women are reaching the moon in today's date and age. Entrepreneurship doesn't see gender; it is all about the idea and market skills of a person

Oct 28, 2022

By IBT Desk

Amazon Share Bloodbath: Jeff Bezos Loses Whopping $23 Billion in a Day After Stock Sinks 19%

Amazon's shares fell 19 percent on Thursday in after-hours trade after the e-commerce giant's bleak forecast for the holiday quarter ending December.

Oct 28, 2022

By Nandika Vinal Chand

Amazon prime

US Economy Grows 2.6% in Third Quarter, Dispelling Recession Fears

The US economy had shrunk as much as 1.6 percent and 0.6 percent in the first and second quarters of the year.

Oct 28, 2022

By Jacob J

Luxury Home Prices in Shanghai Fall 40% as the Wealthy Sell Out After Xi Jinping Power Grab at China Party Congress

Real estate analysts tell Radio Free Asia that rich people are selling off properties in cities like Shanghai, Wuhan, Beijing, Jiangsu and Zhejiang.

Oct 27, 2022

By Jacob J

Singapore economy expands by 1.8 per cent in Quarter 1

Singapore Central Bank Signals Subdued Economic Growth as China Curbs Hit Key Segments

Data showed that Singapore's economy expanded an impressive 4.4 percent on a year-on-year in the third quarter.

Oct 27, 2022

By Jacob J

'Merge' Upgrade Lifts Ethereum; Coin's Dominance in Cryptocurrency Market Rises 20%

Currently, the blockchain is preparing for the Shanghai upgrade. Ethereum anticipates going through the "Surge," "Verge," and "Purge" after the Shanghai upgrade.

Oct 26, 2022

By IANS

Philips to Cut 4,000 Jobs, or 5% of Workforce; Reports Net Loss of $1.31 Billion

The company reported a net loss of 1.33 billion euros ($1.31 billion) compared with a year-ago profit of 2.97 billion euros.

Oct 25, 2022

By IANS

Will Rishi Sunak Turn UK Into Crypto Hub? How New PM, a 'Champion of Fintech', Might Help Industry

Under former Prime Minister Boris Johnson, Sunak had wanted to turn the country into a crypto hub.

Oct 25, 2022

By IBTimes APAC Desk

Permian Basin Natural Gas Prices Edge Closer to Zero as Europe Prices Hover Near $30; Here's Why

Gas produced in the Waha region of the Permian Basin are selling for as little as 20 cents to 70 cents per million British thermal units in comparison with $28 per mmbtu in Europe.

Oct 25, 2022

By Jacob J

Yuan Tumbles and China Stocks Crash as Xi Jinping's Limitless Powers Spook Markets

Offshore yuan weakened 0.7 percent against the US dollar and the Hang Seng China Enterprises Index plummeted more than 5 percent on Monday morning.

Oct 24, 2022

By Jacob J

Crypto Exchange Investors Will Launch NFT Trading Platform Adune.com

Bob Li said Based on Ethereum, Polygon, BSC, etc., Adune focuses on the development of application layers such as transactions, Launchpad etc., hoping to bring better experience and make it easier for crypto freshers

Oct 23, 2022

By IBT Desk

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