US to boost spend, Europe hold back amid cost-of-living crisis

US to boost spend, Europe hold back amid cost-of-living crisis

Many shoppers say they plan to spend less this Black Friday as the cost-of-living crisis bites. Richard Baker | In Pictures | Getty Images Black Friday may offer an opportunity to bag a bargain ahead of the festive period, but many shoppers will be expecting retailers to cut prices by a greater margin this year … Read more

Binance CEO slams Samuel Bankman-Fried’s erratic behavior

Binance CEO slams Samuel Bankman-Fried’s erratic behavior

Binance’s Co-founder & CEO Changpeng Zhao has given several interviews discussing the outlook for cryptocurrency following a turbulent couple of weeks in the market. NurPhoto / Contributor / Getty Images The chief executive of the largest online exchange for cryptocurrency, Binance, criticized the former CEO of bankrupt exchange FTX and took aim at economist Nouriel … Read more

There’s no win-win situation in fragmented world

There’s no win-win situation in fragmented world

Singapore won’t take sides in geopolitical conflicts and will instead take positions that support the rule of law, the country’s Education Minister Chan Chun Sing said in his keynote address at the Morgan Stanley Asia Pacific summit in Singapore on Wednesday. He said the world should remain interdependent despite pressures to break up, as any … Read more

Crypto will be fine, announces industry recovery fund

Crypto will be fine, announces industry recovery fund

The CEO of the largest online exchange for trading cryptocurrency, Binance, said he is establishing a recovery fund to help people in the industry, while saying the sector “will be fine.” Ben McShane / Contributor / Getty Images The CEO of the largest online exchange for trading cryptocurrency said Wednesday that he’s establishing a recovery … Read more

Tech leaders reckon with higher interest rates, down rounds and layoffs

Tech leaders reckon with higher interest rates, down rounds and layoffs

Guillaume Pousaz, CEO and founder of payment platform Checkout.com, speaking onstage at the 2022 Web Summit tech conference. Horacio Villalobos | Getty Images LISBON, Portugal — Once high-flying tech unicorns are now having their wings clipped as the era of easy money comes to an end. That was the message from the Web Summit tech … Read more

G-20 nations to condemn Russia’s Ukraine invasion as Lavrov watches on

G-20 nations to condemn Russia’s Ukraine invasion as Lavrov watches on

NUSA DUA, INDONESIA – NOVEMBER 15: Minister of Foreign Affairs of the Russian Federation Sergey Lavrov arrives at the formal welcome ceremony to mark the beginning of the G20 Summit on November 15, 2022 in Nusa Dua, Indonesia. The G20 meetings are being held in Bali from November 15-16. (Photo by Leon Neal/Getty Images,) Leon … Read more

EU says it has serious concerns about Biden's Inflation Reduction Act – CNBC

EU says it has serious concerns about Biden's Inflation Reduction Act – CNBC

EU says it has serious concerns about Biden’s Inflation Reduction Act  CNBC A Trade Spat Is Brewing Over US Green Incentives  Bloomberg EU raises concerns about production requirements in US Inflation Reduction Act  pv magazine International EU accuses US of breaking WTO rules with green energy incentives  Financial Times WTO Urges US, EU to Avoid ‘Subsidy War’ in Green … Read more

China’s exports shrink in October, badly missing expectations for growth

China’s exports shrink in October, badly missing expectations for growth

A cargo ship carrying containers is seen near the Yantian port in Shenzhen, following the novel coronavirus disease (COVID-19) outbreak, Guangdong province, China May 17, 2020. Martin Pollard | Reuters BEIJING — China’s exports unexpectedly fell in October, with a drop in the value of goods sold to the U.S. and EU, according Chinese customs … Read more

Shipping firm Maersk, a barometer for trade, warns of ‘dark clouds on the horizon’

Shipping firm Maersk, a barometer for trade, warns of ‘dark clouds on the horizon’

Maersk on Wednesday posted a record third-quarter profit but warned of ‘dark clouds on the horizon’ as shipping container demand weakens. Andrew Matthews | PA Images | Getty Images Maersk, the world’s largest container shipping firm, on Wednesday posted record profits for the third quarter on the back of high ocean freight rates, but noted … Read more

Black Sea deal suspension will drive up grain and meat prices in Asia-Pacific

Black Sea deal suspension will drive up grain and meat prices in Asia-Pacific

Asia-Pacific could face higher prices of grains and meat after Russia suspended a U.N.-brokered deal that had allowed safe grain shipments out of the Black Sea. Over the weekend, the Russian foreign ministry said it “can no longer guarantee the safety of civilian dry cargo ships participating in the Black Sea Grain Initiative and will … Read more