World Economic Magazine - World Economic Magazine

Hybrid work trend drives PC maker Lenovo’s Q3 profit to record high

Third-quarter profit jumped 62% to an all-time high of $640 million at China's Lenovo Group (0992.HK), the world's biggest maker of…

5 years ago

U.S. to hold its biggest offshore wind auction

The United States will hold its biggest ever sale of offshore wind development rights on Wednesday, in an area covering…

5 years ago

Explainer: Western sanctions on banks only scratch surface of Fortress Russia

The United States, the European Union and Britain announced new sanctions on Russia on Tuesday after Moscow's recognition of two…

5 years ago

HSBC boosts profitability goal on higher rates, profit doubling

HSBC (HSBA.L) brought forward its key profitability target by a year and more than doubled its annual profit as expected bad loans…

5 years ago

EXCLUSIVE Contracts show Lebanon’s central bank obscured recipients of commissions

For more than a decade, Lebanon's central bank charged commercial banks in the country commissions when they bought government securities…

5 years ago

EU Parliament’s top group suggests blacklisting Switzerland after Credit Suisse leaks

The main political grouping in the European Parliament called on Monday for a review of Switzerland's banking practices and for…

5 years ago

CRYPTOVERSE-Bitcoin could be laid low by miners’ malady

Bitcoin miners are feeling the heat - and the pain's rippling downstream to pressure prices.

5 years ago

EXCLUSIVE U.S. plans to cut ties with targeted Russian banks if Ukraine is invaded – sources

President Joe Biden's administration has prepared an initial package of sanctions against Russia that includes barring U.S. financial institutions from…

5 years ago

DuPont to shed mobility and materials unit in $11 bln Celanese deal

DuPont (DD.N) said on Friday it would sell most of its mobility and materials business to Celanese Corp for $11 billion, as…

5 years ago

Trump’s Truth Social tops downloads on Apple App Store; many waitlisted

Donald Trump's new social media venture, Truth Social, launched late on Sunday in Apple's App Store, potentially marking the former…

5 years ago