China’s central bank has asked some of the country’s biggest lenders to refrain from immediately squaring their foreign exchange positions in the market and to run open positions for a while to alleviate downside pressure on the yuan. According to two sources
On Wednesday, a harrowing picture was emerging from eastern Libya as bodies were washing ashore in the wake of a storm that swept whole neighborhoods out to sea. The death toll is likely to rise, with thousands already confirmed dead and many
North Korean leader Kim Jong Un plans to travel to Russia this month to meet President Vladimir Putin and discuss supplying Moscow with weapons for the war in Ukraine, the New York Times reported. In a rare trip abroad, Kim would travel
Billionaire Elon Musk has made waves since he acquired Twitter in October 2022. He has auctioned off company furniture and decor, fired employees and laid off others, changed policies on hate speech and misinformation, and has promised to turn Twitter into an
Dutch brewer Heineken on Friday announced it was pulling out of Russia after selling its operations there to the Arnest Group, the largest Russian manufacturer of cosmetics, household goods, and metal packaging. Heineken said it would incur a total loss of about
You may be surprised if you plan to purchase a Ford Mustang GT. The automaker has just pulled the wraps off a limited-edition version of its pony car, poised to turn heads with a staggering 800 horsepower and a $300,000 sticker. The
Shares in Dutch payments processor Adyens fell by over a quarter on Thursday after its first-half earnings missed analysts’ estimates and the company’s medium-term targets. It cited slower growth in North America, ongoing hiring costs, and rising inflation and interest rates, which
The Indian Space Research Organisation (ISRO) is a testament to India’s aspirations for scientific excellence and space exploration. Established in 1969, ISRO has grown to become a global player in space technology, launching satellites, conducting interplanetary missions, and driving advancements that contribute
Wind turbines and hybrid cars are two of the green energies most reliant on a handful of special metals called rare earths. They are the building blocks for magnets that power everything from the neodymium in the rechargeable batteries of your E.V.
A cyber attack has hit twelve Norwegian government ministries, Norway’s Ministry of Local Government and Regional Development said in a statement on Monday. It is unknown if the email accounts of Prime Minister Erna Solberg or other cabinet members were among those