IMF cuts global growth forecast for next year, warns ‘the worst is yet to come’
IMF downgrades its growth estimate for 2023 and warns ‘the worst is yet to come’ with many people set to experience recession-like conditions.
Mobile bank N26’s losses widen after ramping up spending on fraud controls
The Berlin-based startup continued to lose money in 2021, with its net loss climbing 14% to 172.4 million euros.
Russia unleashes its anger on Ukraine with brutal strikes — but it has big problems on the battlefield
Experts say Russia is running out of options in the war — as well as supplies and munitions on the ground.
20+ best deals during Amazon’s October Prime Day event
During the 48-hour sales event, you can shop small appliances, exercise equipment, stand mixers and more
Nissan takes $687 million loss as it sells Russian business for 1 euro
Nissan Motor Co will hand over its business in Russia to a state-owned entity for 1 euro, representing a loss of around $687 million.
All you need to know about the Nord Stream gas leaks — and why Europe suspects ‘gross sabotage’
A series of blasts on European energy infrastructure caused what might be the single largest release of methane in history.
Crypto exchange Coinbase gets regulatory approval in Singapore
U.S. cryptocurrency exchange Coinbase received a key regulatory license in Singapore as it ramps up expansion overseas.
Bank of England intervenes in bond markets again, warns of ‘material risk’ to UK financial stability
“Dysfunction in this market, and the prospect of self-reinforcing ‘fire sale’ dynamics pose a material risk to UK financial stability,” the bank warned.
China rushes to control new Covid cases across the country
New Covid cases are spiking across mainland China, prompting many local authorities to tighten controls on movement.
Jamie Dimon says Musk should ‘clean up Twitter,’ echoes Tesla CEO’s bot concerns
Jamie Dimon appears to be a fan of Elon Musk’s $44 billion Twitter takeover deal.
