Credit Suisse Rescue To Cost Every Swiss Citizen $13,500
According to a new analysis by Bloomberg, the Swiss government’s rescue of the failing Credit Suisse investment bank could prove to be quite costly to the nation’s taxpayers, who will…
AI Investment Plummeted In 2022
Analytics company CB Insights has released a new analysis showing investment in Artificial Intelligence (AI) has been declining across the world, plunging 34% to $45.8 billion last year. The analysis…
German Politician Accuses USA of Nord Stream Sabotage
Andrej Hunko, a member of the German Bundestag, has said, that Germany’s dependence on Russian natural gas has morphed into an addiction to US liquified natural gas (LNG), since the…
Apple CEO Hails China Ties, Signaling Manufacturing Relationship Continues
On Saturday, at the China Development Forum in Beijing, Apple CEO Tim Cook said that the iPhone maker and China had “grown together” over the past thirty years, and they…
Citi Tells Customers China A Safe Haven Amid Banking Crisis
CNBC is reporting that economists at Citi have said in a note to clients that the unfolding banking crisis in the US and Europe, which shattered the confidence of investors…
US DOJ Investigating UBS, Credit Suisse, For Violating Russian Sanctions
On Thursday Bloomberg reported the United States Department of Justice has launched a probe of banks which have aided Russian businessmen evade Western sanctions over the military conflict in Ukraine,…
Bloomberg’s “Breakfast Index” Is Surging In Britain
On Thursday Bloomberg reported that the cost of a traditional English breakfast in Briton has grown to more than £35 ($43), in large part due to a shortage of fresh…
Ford Losing Billions On Electric Vehicles
Jim Farley, CEO of Ford Motor Company (F) said Tesla investors should know, their large profit margins will not last forever, as more EV makers hit the market to give…
IMF Chief Notes Risks To Financial Stability Have Increased
Kristalina Georgieva, head of the International Monetary Fund, said Sunday that advanced economies will have to exhibit increased vigilance going forward, since now the risks to financial stability have increased,…
Biden Says US Banks Are Doing Fine
On Friday President Joe Biden attempted to assuage the fears of investors, assuring the nation that the American banking sector is not going to explode, adding however that it will…
