Business
Stay updated on business news – from market trends to corporate strategies. Expert-curated articles for professionals, investors, and more.
Business
Toyota Suspends Yaris Sales Over Safety Test
Japanese automaker Toyota Motor Corp has halted sales and deliveries of its Yaris Ativ model in Thailand following revelations that part of the door was rigged in side-collision safety tests. Toyota's CEO for the Asia region, Masahiko Maeda, stated...
Business
Gold Demand and Prices Surge on Weak Dollar and Recession
The demand for gold is on the rise, and its price is increasing due to developments on the foreign exchange market. The US dollar has lost value recently, which has led to an increase in demand for gold as...
Business
Asian Stocks Stagnant as Inflation Concerns Loom
Asian stocks were mostly stagnant on Tuesday as investors grappled with inflation concerns following the surprise cuts to OPEC+ group's oil output targets. This announcement led to a 6% overnight jump in Brent crude, which was up 0.5% to...
Business
USD Rises Slightly as UBS Takeover Eases Banking Crisis
The US dollar rose slightly on Tuesday, but remained close to a five-week low as investors cautiously returned to riskier assets after UBS' state-backed takeover of Credit Suisse eased some concerns over a banking crisis. The announcement of UBS'...
Business
US Banks Inject $30B to Rescue First Republic Bank
U.S. banks injected $30 billion in deposits into First Republic Bank (FRC.N) on Thursday, in an effort to rescue the lender caught up in a widening crisis triggered by the collapse of two other mid-size U.S. lenders over the...
Business
Credit Suisse Shares Plummet Shareholder Withdraws Support
Credit Suisse, Switzerland's second-largest bank, suffered a massive blow to investor confidence after its largest shareholder, Harris Associates, announced its inability to provide any further support to the embattled lender. In response, Credit Suisse's shares (CSGN.S) plummeted by as...
Business
US Banking Crisis Looms: Silicon Valley Bank Collapses
The US banking sector is facing a major crisis as Silicon Valley Bank, the second-largest bankruptcy in the country's history, collapsed at a record speed. This has sparked fears of a global banking crisis similar to the one that...
Business
Asian Shares Edge Up Ahead of US Rate Outlook Update
Asian shares inched higher on Monday as investors awaited an update on the US interest rate outlook from Federal Reserve Chair Jerome Powell, and a jobs report that could have implications for future rate hikes. The recent run of data...
Austria News
Austria’s Solar Panel Sales Soar Despite Prices Hike
Geizhals.at, the popular price comparison platform, has released its latest report on price changes across various product categories. The report indicates that Solar panel sales saw a significant increase in prices in the previous year, with inverters becoming 285%...
Business
Twitter to Monetize API Used for Aiding Earthquake Victims
Twitter to monetize API used for aiding earthquake victims, following the destructive earthquake that occurred in Turkey and Syria, numerous volunteer software developers have been utilizing a vital Twitter tool to scour the platform for requests for assistance, including...
Latest News
UK Joins US in Supporting Israel in the Israel-Palestine War
In a significant development, the UK has revealed plans to enter the Israel-Palestine conflict by conducting surveillance flights over...