Business News

Europe Frets as Russia Slashes Natural Gas Deliveries Through Nord Stream Pipeline

According to Gazprom, deliveries via the Nord Stream pipeline has been slashed by around 40 percent as Siemens is undertaking repairs on the line.

Jun 15, 2022

By Jacob J

Dr. Amin Sanaia's Strategy for Diversity, Equity, and Inclusion

Dr. Amin Sanaia said I believe that a culture of love is what truly transforms businesses. My philosophy of love is rooted in two things: empathy and inclusion.

Jun 15, 2022

By IBT Desk

Coinbase Lays Off 1,100 Employees as Crypto Headwinds Worsen

The jobcut at Coninbase accounts for 18 percent of its workforce.

Jun 14, 2022

By Jacob J

Jobs Bloodbath at Blockfi And Cypto.Com As The Digital Currency Market Continues To Plunge

BlockFi and Crypto.com have decided to lay off a majority of their workforce due to the steady fall of the digital currency market.

Jun 14, 2022

By Medha Bhagwat

S&P 500 Confirms Bear Market as US Recession Worry Grows

Cryptocurrency- and blockchain-related stocks, including Riot Blockchain, Marathon Digital Holdings and Coinbase Global, all plunged.

Jun 14, 2022

By Reuters

An oil tanker unloads crude oil at a crude oil terminal in Zhoushan, Zhejiang province, China July 4, 2018.

India, China Shun West, On Course to Buying Record Volumes of Russian Oil This Year

India used a whopping 60 million barrels of Russian oil so far in 2022, as against 12 million barrels in the whole of 2021.

Jun 13, 2022

By Jacob J

Crypto Markets Crash Further as Celsius Network Suspends All Cryptocurrency Transfers and Swaps

Largest crypto lender of the world, Celsius Network, has halted all of its withdrawals, swaps and transfers causing Bitcoin and Ether prices to drop further.

Jun 13, 2022

By Medha Bhagwat

Russia Restricts Export of Rare Gases in Trade Retaliation, Semiconductor Shortage to Worsen

The supply of neon and xenon gasses had already come under strain after Ukraine stopped production following the outbreak of the war.

Jun 13, 2022

By Jacob J

Akinde Bayo, a Nigerian entrepreneur, redefines the business world with his contemporary viewpoint.

Akinde Bayo said Building a business empire takes passion, persistence, and patience. When it comes to making your dreams come true, nothing can be more complex than putting in all the efforts to succeed and ending up without any result

Jun 13, 2022

By IBT Desk

Bryan Pellegrino using his start-up LayerZero brings a unique perspective on interoperability to combat competition

Bryan Pellegrino says that the competition in this market is somewhere inconsequential since LayerZero offers top-notch blockchain technology

Jun 13, 2022

By IBT Desk

Average US Gasoline Prices Breach $5 Per Gallon Mark; Oil Giants Make Record Profits

According to AAA, the national average price for unleaded gasoline was $5.004 a gallon on Saturday, June 11.

Jun 11, 2022

By Jacob J

Wall Street Investors Run for Cover as Blistering Inflation Hurts Stocks and Bonds

The benchmark S&P 500 index fell nearly 3% on Friday while yields on the benchmark 10-year Treasury hit their highest level since early May.

Jun 11, 2022

By Reuters

Is Vietnam Replacing China as World's Manufacturing Hub? Here's How Beijing is Losing Out

Trade war with the US is not the only factor that cost China billions in investment.

Jun 10, 2022

By Jacob J

Meet Mackenzie Thompson, The Millennial Entrepreneur Shaking Up The E-commerce Industry

Mackenzie Thompson said the e-commerce industry is getting more competitive, as all companies are working on building their online structure.

Jun 10, 2022

By IBT Desk

What is Demand Destruction? High Pump Prices Seen Slashing US Gasoline Consumption

While West Texas Intermediate crude futures traded above $122 per barrel on Wednesday, Brent prices were above $123 per barrel.

Jun 9, 2022

By Jacob J

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