Business News

Incoming Recession Isn't Plain Vanilla; US Stocks Could Tank as Much as 40%, Says Nouriel Roubini

Roubini, the chairman and chief executive officer of Roubini Macro Associates, is known as Dr. Doom as he had correctly predicted the 2008 financial crisis.

Sep 21, 2022

By Jacob J

Germany Takes Over Finnish-Owned Uniper as Scramble for Gas Intensifies

The German government takes near total ownership of Uniper, which is controlled by Finnish state-owned energy company Fortum.

Sep 21, 2022

By Jacob J

India's Fintech Market to Reach $1 Trillion by 2030 From $31 Billion in 2021

A major shift towards a more equitable distribution of investment across sectors including insurtech and wealthech is taking place.

Sep 21, 2022

By IANS

UAE Sets Ambitious Target of Pumping 5 Million Barrels of Crude Oil By 2025; How it Works

Adnoc partners with multinational energy giants like Shell, British Petroleum, ExxonMobil, Total, CNPC, ONGC, Oxy and Jodco.

Sep 20, 2022

By Jacob J

Fears of Recession Cast Dark Shadows on Risky Assets, Bitcoin Crashes Yet Again

Bitcoin seems to be on caught a downhill wind as it slipped from the crucial $19,000 mark.

Sep 19, 2022

By Nandika Vinal Chand

Another US Stock Rout in the Offing? More Attractive T-Bills, Dollar Drive Investor Exodus

Last week, brokerage Morgan Stanley had warned that S&P 500 could drop up to 25 percent in the next four months.

Sep 19, 2022

By Jacob J

Digital transformation can help organizations deliver shareholder value during a recession - according to the author and digital thought leader, Suchit Poralla.

Suchit Poralla said Reiterated that digital transformation is not just about technology; it's also about changing how people work.

Sep 19, 2022

By IBT Desk

Global Economy on the Edge of Recession, Slowdown Comparable to the 1970s: World Bank

The world's three largest economies, the US, China and the euro area, have been slowing sharply, the Bank noted.

Sep 17, 2022

By Jacob J

Indian Billionaire Gautam Adani Briefly Takes Second Spot in Global Rich List Overtaking Bezos and Bernard Arnault

Tesla founder Elon Musk is at the top of the global rich list with a seemingly unassailable lead.

Sep 16, 2022

By Jacob J

Elon musk

Germany Seizes Russian Energy Giant Rosneft's Assets and Refining Facilities

Last week, Russian state-owned gas monopoly Gazprom completely stopped gas supplies to Europe through the Nord Stream 1 pipeline.

Sep 16, 2022

By Jacob J

Adobe Acquires Design Software Firm Figma for $20 Billion

Founded by Dylan Field and Evan Wallace in 2012, Figma pioneered product design on the web.

Sep 16, 2022

By IANS

Elon Musk Boosts Dogecoin; Tesla's Cyberwhistle Can only be Purchased with the Meme Coin

Tesla's premium collectible Cyberwhistle is available only to customers willing to fork over 1,000 Dogecoin.

Sep 15, 2022

By Nandika Vinal Chand

Elon musk

US Stocks Plunge After Inflation Data; Nomura Signals Bloodbath, Says Fed Could Raise Rates by 100 Basis Points

The Dow Jones Industrial Average slid lost 1,276 points, or a whopping 3.94 percent, to close at 31,104.

Sep 14, 2022

By Jacob J

Goldman feels the heat in Asia as IPO engine slows

Investment Banking Giant Goldman Sachs to Cut Hundreds of Jobs as Profits, Revenue Dip

Earlier in July, Goldman Sachs had said that it was expecting lower profits and hinted at moderating its employee strength.

Sep 13, 2022

By Jacob J

Ether to Dethrone Bitcoin as the Biggest Crypto? Ethereum Gains 5% Market Share While Bitcoin Loses 8%

The 'Merge' software upgrade will significantly cut down energy usage on the Ethereum blockchain.

Sep 13, 2022

By IBTimes APAC Desk

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