(WSJ) The US House of Representatives voted on Tuesday to raise the debt limit by $480 billion. The treasury department expects the funds to last through to December 3. The…
(Reuters) Alibaba’s Jack Ma has reportedly reappeared in Hong Kong, about a year since he avoided the public eye following his strong stance against the Chinese financial regulators. Jack Ma…
(Bloomberg) Apple Inc. is expected to cut iPhone 13 production targets by about 10 million units due to a prolonged chip shortage. The tech giant had projected to produce 90…
(ONS) UK gross domestic product increased by 0.4% in August, more than a surge of 0.1% the previous month. The GDP is now 0.8% below the levels before the coronavirus…
(WSJ) General Motors Company has said that it will recover from LG Electronics Inc. about $2 billion it incurred in the recall of Chevrolet Bolt electric models due to battery…
(NBS) China posted a 28.1% year-over-year surge in exports in September, higher than the forecasted 21% increase, boosted by robust global demand. August’s exports rose by a lower 25.6%. The…
(BLS) The US posted 10.4 million jobs opening on the last business day of August, down by 6.6% or 659,000 from July’s record high. The Northeast and Midwest regions saw…
(ZEW) The Economic Sentiment Index in the Euro Area was 21 in October, the lowest since March 2020. The sentiment index reflected the fifth consecutive month of decline following renewed…
(CNBC) Facebook’s top digital currency engineers Riyaz Faizullabhoy and Nassim Eddequiouaq have left to join Andreessen Horowitz, a leading crypto venture firm. Faizullabhoy is joining the venture capital firm as…
(elsiglo) Venezuela’s Simón Bolívar International Airport is working to enable the use of cryptocurrencies as payment options. Airport director Freddy Borges has reportedly lined up Bitcoin, Dash, and the country’s…
(WSJ) Chinese President Xi Jinping is scrutinizing the relationships that China state banks and financial institutions have established with large private sector firms in the latest crackdown. China will target…
(ONS) UK employment rate stood at 75.3% in the June to August quarter, up 0.5% from the previous quarter. The employment rate is now only 1.3% below the pre-pandemic quarter.…