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December 8, 2023December 8, 2023
Business/International/Latest News

Oil Prices Plummet to 5-Month Low Amidst Dollar Strength and Demand Fears

Oil prices experienced a significant drop, reaching their lowest point in nearly five months due to a combination of factors, including a stronger U.S. dollar and concerns about demand. This decline marked

Business/Latest News/UK

UK Investors Show Caution with Second Consecutive Month of Real Estate Fund Withdrawals

In November, UK investors continued to display caution as they withdrew funds from real estate investments for the second consecutive month, according to a report by fund network Calastone. A total of £88 million ($110.70 million) was pulled from real

December 8, 2023December 8, 2023

British Hedge Fund Trader Extradited to Denmark to Face $1.8 Billion Tax Fraud Trial

Business/International/Latest News

A British hedge fund trader, Sanjay Shah, has been extradited from the United Arab Emirates to Denmark to face trial for alleged involvement in

Global Markets React as Bond Yields Drop to Six-Month Low, Anticipate Central Bank Rate Cuts

Business/International/Latest News

On Tuesday, Germany’s 10-year government bond yield hit a six-month low, while global stock markets paused near four-month highs. Traders were increasingly betting on

Business/International/Latest News

Walmart Joins Exodus: Suspends Advertising on Elon Musk’s Troubled Social Media Platform ‘X’

Walmart (WMT.N) announced on Friday that it has joined the growing list of brands that are no longer advertising on the social media platform known as “X,” previously recognized as Twitter. A

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by News Desk
December 4, 2023December 4, 2023
Business/International/Latest News

U.S. Judge Rules Trump Not Immune from Criminal Charges Stemming from Presidency

A U.S. judge has ruled that Donald Trump is not immune from criminal charges related to his actions during his presidency. This decision, issued by U.S. District Judge Tanya Chutkan, rejects Trump’s

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by News Desk
December 4, 2023December 4, 2023
Business/International/Latest News

Delaware Judge Considers January Trial for Berkshire Hathaway’s Claims Against Jimmy Haslam

A Delaware judge has announced her willingness to grant a January trial request made by Warren Buffett’s Berkshire Hathaway, under certain conditions, to settle allegations that billionaire Jimmy Haslam attempted to improperly

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by News Desk
December 4, 2023December 4, 2023
Business/International/Latest News

Biden Administration Unveils Final Methane Emission Rules to Combat Climate Change

The Biden administration has unveiled a set of final regulations designed to address methane emissions from the U.S. oil and gas industry, as part of a global effort to combat climate change.

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by News Desk
December 4, 2023December 4, 2023
Business/International/Latest News

Pfizer Halts Development of Twice-Daily Weight-Loss Drug Due to High Dropout Rates and Side Effects

Pfizer (PFE.N) made a significant announcement on Friday, revealing that it would not be advancing a twice-daily version of the oral weight-loss drug danuglipron into late-stage studies. This decision came after a

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by News Desk
December 3, 2023December 3, 2023
Business/International/Latest News

Norwegian Sovereign Wealth Fund Takes Leading Role in SVB Securities Class Action

Norway’s mammoth sovereign wealth fund, boasting an impressive $1.5 trillion in assets, has recently assumed a pivotal role in an ongoing U.S. securities class action case associated with the now-defunct Silicon Valley

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by News Desk
December 3, 2023December 3, 2023
Business/International/Latest News

US Stock Market Set For Christmas Rally

As the year 2023 draws to a close, U.S. stock markets find themselves in a state of significant gains after a tumultuous ride. Investors are now closely monitoring various factors that could

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by News Desk
December 3, 2023December 3, 2023
Business/Latest News/UK

UK Government Blocks Abu Dhabi-Backed Group’s Takeover of Telegraph Media Group

The British government has taken a decisive step to halt an Abu Dhabi-backed group’s attempt to acquire the Telegraph Media Group, which owns the Telegraph newspaper, amidst concerns regarding freedom of expression.

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by News Desk
December 3, 2023December 3, 2023
Business/Latest News/UK

Tech Giants Join Forces with UK Government to Combat Online Fraud

Eleven major tech giants, including Amazon.com, Google, and Microsoft, are set to join forces with the British government to combat online fraud, according to an announcement by the interior ministry. This collaborative

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by News Desk
December 2, 2023December 2, 2023
Business/International/Latest News

Biden Administration Forces Saudi Aramco-Backed Firm to Divest from Silicon Valley AI Startup

The Biden administration has compelled a Saudi Aramco-backed venture capital firm to divest its holdings in a Silicon Valley AI chip startup supported by Sam Altman, one of the co-founders of OpenAI,

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by News Desk
December 2, 2023December 2, 2023
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