UK economy is lagging substantially behind other developed nations, OECD report says
Alvaro Pereira, OECD chief economist, said the U.K. was falling behind on investment and consumption.
Carl Icahn has reportedly made a boatload betting against GameStop and is still short
Icahn began building the short position at the height of the meme stock mania in 2021 when GameStop hit a peak of $483 a share.
Collapsed crypto exchange FTX has about $1.24 billion of cash in total — but still owes at least $3.1 billion
Alvarez & Marsal, which is advising FTX, said teams identified “substantially higher cash balances” than were initially known.
Why solar electric vehicles might be the next generation of EVs
The first commercial solar electric vehicles are set to hit the European and U.S. markets in the coming years, manufactured by Sono, Aptera and Lightyear.
Saudi Arabia inflicts seismic World Cup shock on Argentina
Saudi Arabia produced one of the greatest upsets in World Cup history as Salem Al-Dawsari’s stunning solo effort secured a 2-1 victory over Argentina.
Britain’s austerity budget had a ‘massive’ hole which will hurt growth, former Bank of England official says
The U.K.’s Autumn Statement had a “massive” hole where an economic growth strategy should be, according to former Bank of England policymaker Michael Saunders.
Singapore’s PropertyGuru slips back into the red with $5.3 million net loss for the third quarter
“Even with short term macro headwinds, we remain bullish on the long term prospects for PropertyGuru,” said Joe Dische, the group’s CFO.
Bitcoin bounces slightly after hitting 2-year low as traders try to gauge FTX contagion
Bitcoin briefly hit a two-year low Tuesday as the cryptocurrency market takes a bruising following the collapse of major exchange FTX.
‘There may be no light for a very long time’: Ukrainians face a massive test of survival this winter
This winter could push millions of Ukrainians to the limit, as shortages of power, heat and water become acute.
Malaysian king says leading coalitions don’t have the numbers to form a government
There is no new government or PM after Malaysia king meets with the heads of Pakatan and Perikatan, Anwar Ibrahim and Muhyiddin Yassin on Tuesday
