World Economic Magazine

Some big U.S. hedge funds loaded up on SPACS, value stocks during first quarter

A number of well-known U.S. hedge funds bought value stocks and blank-check acquisition companies, selling some winners from the technology-led…

5 years ago

China’s Baidu posts 25% rise quarterly revenue on ad, cloud boost

China's Baidu Inc reported a 25% rise in quarterly revenue on Tuesday, powered by advertising on its core search and…

5 years ago

Biden to pitch his $174 bln electric vehicle plan in Michigan

President Joe Biden will make the case for his $174 billion electric vehicle plan on Tuesday, calling for government grants…

5 years ago

Asian shares push higher, dollar eases

Asian shares rose on Tuesday, shrugging off worries about an increase in regional coronavirus infections, while inflation jitters helped push…

5 years ago

Iliad signals weaker cash flow as it steps up 5G spending

Iliad flagged a cut in its free cash flow target for this year as the French telecoms group steps up…

5 years ago

‘Flattered’ Russian spy chief denies SolarWinds attack – BBC

Russia's spy chief on Tuesday denied responsibility for the SolarWinds (SWI.N) cyber attack but said he was "flattered" by the accusations from…

5 years ago

UK jobless rate falls again, hiring up as lockdown eases

Britain's unemployment rate fell again to 4.8% between January and March, when the country was under a tight lockdown, and…

5 years ago

India’s COVID tally passes 25 mln; cyclone complicates efforts in Modi’s state

India total COVID-19 caseload surged past 25 million on Tuesday as a powerful cyclone complicated the health crisis in one…

5 years ago

Burry of ‘Big Short’ fame reveals $530 mln bet against Tesla

The family office run by “Big Short” investor Michael Burry has disclosed a short position against Tesla Inc (TSLA.O) worth more than…

5 years ago

Analysis: In world’s top copper region political risk rises

In South America's copper-rich Andes political risk is rising as high poverty and debt levels amid the COVID-19 pandemic drive…

5 years ago