EXCLUSIVE China in talks with automakers on EV subsidy extension -sources
China is in talks with automakers about extending costly subsidies for electric vehicles (EV) that were set to expire in 2022, aiming to keep a key market growing as the broader economy slows, three people familiar with the matter said.
BlackRock, JPMorgan, others tell Texas they don’t boycott energy companies
BlackRock Inc (BLK.N), JPMorgan Chase & Co (JPM.N) and other top financial firms have told a Texas official they are not boycotting energy companies, responding to a request for information that could determine if they are able to continue to manage state funds.
EXCLUSIVE TikTok plans big push into gaming, conducting tests in Vietnam -sources
TikTok has been conducting tests so users can play games on its video-sharing app in Vietnam, part of plans for a major push into gaming, four people familiar with the matter said.
Explainer: Washington holds key to Russia’s sovereign default
The prospect of a Russia sovereign default is moving centre stage again with a deadline for a U.S. license allowing Moscow to make payments expiring on May 25 and $100 million in interest payments due shortly after.
Deutsche Bank enters new era as chairman’s rocky decade ends
Deutsche Bank begins a new epoch on Thursday as Chairman Paul Achleitner leaves after a rocky decade during which Germany’s largest lender lost billions and saw its share price plummet.
A Look at the World’s Economy from the Inside
Following the vast Covid-19 incident, the global economy is returning to normalcy as mentioned in best economics magazines. Many countries are focusing on the economic transition and the new normal. While Asia’s industrial production has increased since December, ongoing supply issues due to omicron at the beginning of this year, as well as the Ukraine-Russia […]
What are the costs of the coronavirus in terms of education?
Do you want to learn more about the economy? Are you also curious about education, as schools were unsure how to operate due to the pandemic or the uncertainty of the variants/wave? Many global financial magazines (2022) have discussed the coronavirus’s financial implications for education. The global corona virus outbreak has caused significant changes in […]
Caixabank ups profitability target, unveils $1.9 billion share buyback
Caixabank (CABK.MC) raised its key profitability target for 2024 and announced a 1.8 billion euro ($1.88 billion) share buy-back programme, expecting higher interest rates and economic recovery to boost banking revenue.
Credit Suisse Group rating downgraded by S&P
Credit Suisse Group AG’s (CSGN.S) credit rating has been downgraded to BBB from BBB+ by Standard & Poors, a blow for the Swiss bank which reported a first quarter loss and is facing increasing shareholder unrest following a string of scandals.
UK unemployment hits 48-year low, pushing up pay
Britain’s jobless rate hit a 48-year low in the first three months of 2022 and employers paid bigger bonuses to keep or attract staff, according to data that added to bets by investors on further Bank of England interest rate hikes.
