by Charbel Lebbos | Sep 15, 2022 | business
A South Korean court has issued an arrest warrant for Do Kwon – who co-founded the company behind the Terra Luna and TerraUSD cryptocurrencies. Their spectacular collapse earlier this year spooked investors and saw the values of major tokens plummet. Prosecutors...
by Charbel Lebbos | Sep 15, 2022 | business
The billionaire founder of the outdoor fashion retailer Patagonia says he has given away his company to a charitable trust. Yvon Chouinard said that under a new ownership structure, any profit not reinvested in running the business would go to fighting climate change....
by Charbel Lebbos | Sep 14, 2022 | business
Foxconn and Vedanta have announced $19.5bn (£16.9) to build one of the first chipmaking factories in India. The Taiwanese firm and the Indian mining giant are tying up as the government pushes to boost chip manufacturing in the country. Prime Minister Narendra...
by Charbel Lebbos | Sep 14, 2022 | business
The UK inflation rate has eased slightly although prices are still continuing to rise at nearly their fastest rate in 40 years. Inflation – a measure of price rises – dipped to 9.9% in the 12 months to August, from 10.1% in July, the Office for National...
by Charbel Lebbos | Sep 14, 2022 | business
Twitter’s shareholders have voted to approve a deal with Elon Musk to buy the company for $44bn (£38bn). The decision was made in a short conference call with investors from the company’s San Francisco headquarters. It means Twitter will now try to force...
by Charbel Lebbos | Sep 12, 2022 | business
Japanese officials may further relax border controls for foreign travellers as a way to boost its economy, local reports say. Deputy Chief Cabinet Secretary Seiji Kihara told local TV a weak yen was “most effective in attracting inbound tourism”. The yen...
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