The Global Impact of China’s Economic Problems
China’s economic problems have significant implications for the global economy, affecting multinational corporations, workers, and even people with no direct…
Category: Finance
Evergrande Crisis: China’s Property Giant Suspends Shares Amid Leadership Detentions
The suspension of shares in the crisis-hit Chinese property giant Evergrande, coupled with reports of its chairman and other executives…
US Accuses Amazon of Anti-Competitive Practices and Monopoly Power
The Federal Trade Commission (FTC) has filed a lawsuit against Amazon, accusing the e-commerce giant of maintaining an illegal monopoly…
JP Morgan Chase settles lawsuits with US Virgin Islands and Jes Staley
JP Morgan Chase has reached settlements with the US Virgin Islands and former executive Jes Staley to resolve lawsuits over…
Evergrande’s Debt Crisis Raises Concerns About Survival and Restructuring
Evergrande, one of China’s largest property developers, is facing a deepening crisis as its mainland unit, Hengda Real Estate, defaulted…
Electrifying Challenges: How New Brexit Trade Rules Could Impact European Car Manufacturers
The latest Brexit trade rules surrounding electric vehicles have sparked concerns among European carmakers, predicting a potential loss of £3.75…
Hong Kong’s Crackdown on Influencer-Backed Crypto Exchange Raises Concerns over Investor Protection
In recent news, Hong Kong police have launched an investigation into cryptocurrency trading platform JPEX following numerous complaints from investors…
Rupert Murdoch’s Departure Marks an Era of Change at Fox and News Corp
Rupert Murdoch, the renowned media mogul, has announced his decision to step down as chairman of Fox and News Corp,…
FTX Founder’s Parents Face Legal Action Over Missing Millions
The parents of Sam Bankman-Fried, the founder of cryptocurrency company FTX, are facing a lawsuit over alleged losses and misconduct…
New route for grain ships arrives in Ukraine
Two cargo ships have successfully arrived at a Ukrainian port through a new route, marking a significant shift in the…
Chinese Insurance Industry Faces Severe Impact as Former Chairman of China Life Insurance Sentenced in Finance Crackdown
The former chairman of China Life Insurance, Wang Bin, has become the latest high-profile boss to be imprisoned as Beijing’s…
Qantas Violated Employee Rights by Illegally Outsourcing 1,700 Jobs During the Pandemic
In a landmark ruling, Australia’s highest court has upheld that Qantas, the country’s national airline, illegally laid off 1,700 employees…