Business News

Higher Calling for Rex Teo, CEO of Upstairs being appointed Ambassador of Asia Blockchain Association

Rex Teo said I would like to thank ABA for their confidence and trust. I have always thought that it was a privilege to be able to work for an international organization

Oct 10, 2022

By IBT Desk

Global Metaverse Market Poised to Grow 40% Annually to Reach $996 Billion in 2030 - Report

Asia-Pacific and North America together held 50 per cent metaverse market share in 2021.

Oct 9, 2022

By IBTimes APAC Desk

all-4-kidnapped-indian-origin-family-found-dead-in-california

Peloton CEO Barry McCarthy Blames Media After Firing More Than 4,500 Employees in 9 Months

The first major layoff was in February, when the newly installed CEO eliminated more than 2,800 positions.

Oct 9, 2022

By Jacob J

Binance-Linked Blockchain Hit by $570 Million Crypto Hack

The majority of the BNB remained in the hacker's digital wallet address, while about $100 million worth was unrecovered.

Oct 8, 2022

By Reuters

European Central Bank says Inflation Expectations Among Consumers Remain Unchanged in in Euro Area

The median expectation for the three years ahead also remains unchanged, the survey released on Friday said.

Oct 8, 2022

By IANS

Credit Suisse Offers $3 Billion Debt Buyback to Shore Up Confidence, Shares Rise 7%

Credit Suisse said the buyback will allow it to take advantage of market conditions to repurchase debt at attractive prices.

Oct 7, 2022

By Jacob J

Dropshipping success story: Lior Biton incredible journey to the top

Lior Biton said I created my first business when I was only 16 years old and now become one of the leading experts in dropshipping.

Oct 6, 2022

By IBT Desk

US Grapples With Spiraling National Debt; At $31 Trillion, It Works Out to $93,000 Per Each American

Right now, as much as $965 million is spent every single day on interest on national debt, according to the Peterson Foundation.

Oct 6, 2022

By Jacob J

NFT Sales Plunge in Third Quarter, Down by 60% From as Investors Hunker Down for Crypto Winter

Non-fungible tokens (NFTs) exploded in popularity in 2021, as crypto-rich speculators rushed to cash in on rising prices.

Oct 5, 2022

By Reuters

Henry Calix: A Successful Tycoon Who is Now One Of Business Elite's "40 under 40" Awardee

Henry Calix said Progress only happens where there is consistency. You have to focus on achieving your goals through fierce determination and persistence, especially if you wish to accomplish something in life

Oct 4, 2022

By IBT Desk

Credit Suisse Inches Closer to Triggering Another Global Financial Meltdown?

The worst-case scenario is for the bank to file for bankruptcy, but Credit Suisse is digging in and fighting it out.

Oct 4, 2022

By Jacob J

Asian currencies drop on Yellen comments

Capital Outflows from Asia Will Accelerate; Fears of Another Financial Crisis Legitimate?

The strong dollar environment has raised questions about how Asia will be impacted and whether this will precipitate another financial crisis.

Oct 3, 2022

By IBTimes APAC Desk

Opec+ to Slash Output by 1 Million Barrel Per Day; US Gasoline Prices to Climb Back to $% a Gallon

It will be interesting to see how the US and the big European energy consuming nations respond to the pressure tactic of the Opec+ cartel, in which Russia is wielding an outsize influence.

Oct 3, 2022

By Jacob J

Credit Suisse Lehman Brothers Moment: Bankruptcy, Merger or a Difficult Turnaround?

Credit Suisse had a market capitalization of $22.3 billion just a year ago. This has crashed to just $10.4 billion as of now, even as shares have plunged 56%.

Oct 3, 2022

By Jacob J

Indian Crypto Exchange WazirX Lays off 40% of Staff, Citing Unique Problems for Industry

A total of 50 to 70 employees of the 150 workers at the exchange were asked to go, CoinDesk reported.

Oct 3, 2022

By IANS

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