Former Bank of China chairman detained for bribery and illegal loans
The former chairman of the Bank of China, Liu Liange, has been arrested on suspicion of bribery and granting illegal…
Category: Finance
Sri Lanka’s Debt Restructuring Deal with China: Impacts and Considerations
Sri Lanka has announced that it has reached a debt restructuring agreement with China, which involves $4.2 billion of debt.…
Air Canada faces lawsuit over multimillion-dollar gold and cash heist
In a shocking turn of events, Air Canada is being sued by Brink’s International, a US-based security company, over a…
Bernie Ecclestone’s Guilty Plea and its Impact on the Finance Industry
Bernie Ecclestone, the former boss of Formula 1, has pled guilty to fraud and has been given a suspended sentence.…
California Player Wins Record-breaking $1.76BN Powerball Jackpot
A historic event took place in California as a single ticket holder struck gold by winning an astounding $1.76 billion…
Trump Accused of Inflating Size of Trump Tower Flat in Fraud Trial
In a civil trial in New York, an ex-employee of Donald Trump’s, Allen Weisselberg, who served as the chief financial…
The Growing Financial Burden of Car Ownership in Singapore
Car ownership in Singapore has become increasingly unaffordable due to the rising cost of the certificate of entitlement (COE). The…
The downfall of Sam Bankman-Fried and its implications for the crypto industry
The trial of Sam Bankman-Fried, once hailed as the “King of Crypto,” has begun, with the former billionaire facing charges…
Evergrande’s Stock Surges as Trading Resumes
Shares in crisis-hit Chinese real estate giant Evergrande have experienced a significant jump in value as trading in the firm…
Oil cartel chief warns of prolonged high prices and calls for continued investment in the oil industry
The secretary general of Opec+, Haitham Al Ghais, has issued a warning that the price of oil is expected to…
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…
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…