Crypto winter ‘only going to get worse,’ co-founder of Tezos blockchain says
Kathleen Breitman told CNBC “easy money” had artificially inflated crypto firms, and a shake-out looms in which only truly useful applications survive.
UK PM Rishi Sunak will now attend COP27, reversing decision to skip
UK PM Rishi Sunak will attend the COP27 summit in Egypt next week, he said on Wednesday, reversing a much-criticised decision to skip the annual gathering.
Binance CEO was in the dark about Musk’s Twitter U-turn: ‘It’s very hard to predict what Elon will do next’
Binance CEO Changpeng Zhao, now an investor in Twitter, said he was “a little surprised” when he heard Musk had agreed to acquire the platform after all.
Major banks are bullish on Hong Kong’s economy and China growth prospects
Major lenders are confident in the rebound of Hong Kong’s and China’s economy, even as China ramps up its Covid measures and a 4.5% drop in Hong Kong’s GDP.
Shipping firm Maersk, a barometer for global trade, warns of ‘dark clouds on the horizon’
Maersk, widely seen as a barometer for global trade, on Wednesday posted record profit for the third quarter on the back of high ocean freight rates.
Danes hand Social Democrats mandate to form government
Danes on Tuesday handed the Social Democratic Party a mandate to form a new government in a general election seen as a vote of confidence in Prime Minister Mette Frederiksen.
Is the era of flexible working over? LinkedIn data shows it might be
According to a survey released by LinkedIn alongside the data on remote job opportunities, the shift away from them is linked to the current economic situation.
Goldman Sachs expects European natural gas prices to tumble 30% in the coming months
Goldman Sachs predicts that European natural gas prices would drop by about 30% in the coming months as nations gain a temporary upper hand on supply issues.
Bank of England set for biggest rate hike in 33 years, but economists expect dovish tilt
The market expects the Bank of England to raise interest rates by 75 basis points on Thursday, its largest hike since 1989.
Nearshoring represents ‘a lifetime opportunity’ to invest in Mexico, BofA says. How to play it
Mexico could be on the verge of a massive economic boom as nearshoring gains traction.
