China Evergrande Chairman Suspected Of Transporting Assets Offshore
On Monday, the Wall Street Journal reported that China Evergrande Group’s embattled Chairman Hui Ka Yan was under investigation for allegedly transferring assets offshore as the property developer is attempting…
China Looks To Support The Development Of Advanced Driverless Technology
On Monday, Chinese state media announced the government intended to offer financial support to firms in the smart vehicle supply chain which could be used to form organizations which would…
Oil Continues To Rise As Traders Bet Demand Will Outstrip Supply
Oil began the new quarter by inching higher off a surge of bets that the demand globally is running ahead of supply, due to a raft of production output cuts…
Italy Heading To Demographic Disaster As Births Plunge And Pension Costs Rise
New data from the Italian national statistics bureau, ISTAT, released earlier in the week showed that by 2050, over one third of the population of Italy, the third-largest country in…
In Britain, Royal UK Borough Acknowledges Financial Distress
Soaring interest rates in Britain have sent the Kingdom’s Royal Borough of Windsor and Maidenhead to the brink of bankruptcy as the cost of servicing its £203 ($240 million) debt…
United Airlines Pilots Approve Contract
United Airlines pilots have voted to approve a new contract valued at $10.2 billion, marking the largest contract ever struck for any airline in history. The four-year deal offers a…
California Governor Vetoes Unemployment Checks For Striking Workers
On Saturday, Gavin Newsom vetoed a bill which would have offered striking workers unemployment benefits, which had drawn strong support from labor unions and from Democrats in the state legislature.…
Bill Ackman And Larry Fink See Treasury Yields Hitting 5%
Wilson Center (Creative Commons Attribution-Share Alike 3.0 Unported license). Speaking at different forums, Wall Street titans Bill Ackman and Larry Fink both said they do not see inflation coming down…
Oil Prices Surge Quarter Over Quarter Off Supply Cuts
In the July to September period this year, oil prices saw a massive surge of almost 30% over the previous quarter as supply cuts by OPEC+ nations diminished stockpiles, and…
Russian Bank Rated Top Among European Banks
According to the latest issue of the annual Brand Finance Europe 500 ratings of European institutions, Russian state-operated lender Sber (formerly Sberbank) was rated the strongest brand among European financial…
