World Economic Magazine

London’s ‘Golden Age’ as Europe’s financial capital is over, says NatWest chair

The City of London's 'Golden Age' as Europe's financial capital is over following Brexit, but it will remain a major…

5 years ago

China bans financial, payment institutions from cryptocurrency business

China has banned financial institutions and payment companies from providing services related to cryptocurrency transactions, and warned investors against speculative…

5 years ago

Asia snubs IEA’s call to stop new fossil fuel investments

Asian energy officials on Wednesday disputed the International Energy Agency's (IEA) call for no new oil, natural gas and coal…

5 years ago

Biden pitches $174 bln EV plan in Michigan, takes truck for a spin

President Joe Biden made the case on Tuesday for his $174 billion electric-vehicle proposal, urging automakers not to build zero-emission…

5 years ago

Senate Democrat proposes $52 billion for U.S. chips production, R&D

U.S. Senate Democratic Leader Chuck Schumer unveiled revised bipartisan legislation late Tuesday to approve $52 billion to significantly boost U.S.…

5 years ago

Analysis: To tackle climate change, China must overhaul its vast power grid

One of the most pressing challenges for China to meet its pledge to cap carbon emissions this decade and pivot…

5 years ago

IOC reassures anxious Japan Olympics will be safe

The International Olympic Committee (IOC) reassured an anxious Japan on Wednesday that the Tokyo Olympics would be safe for athletes…

5 years ago

FTSE 100 drops as commodity stocks weigh, inflation doubles

London's FTSE 100 slipped on Wednesday, dragged down by heavyweight commodity stocks, while a bigger-than-expected jump in inflation stoked fears…

5 years ago

Bitcoin slides below $40,000 after China’s fresh crypto curbs

Bitcoin tumbled below the $40,000 mark on Wednesday hitting a 3-1/2 month low and dragging down other digital coins after…

5 years ago

Berkshire sheds nearly all of Wells Fargo, a holding since 1989

Berkshire Hathaway Inc (BRKa.N) has sold nearly all of its holdings in Wells Fargo & Co (WFC.N), as Warren Buffett…

5 years ago