FTX meltdown leads to S. Korean crypto stocks plunge
Nov 15, 2022 22:41 pm UTC| Digital Currency Economy Business
The value of South Koreas cryptocurrency-linked stocks plummeted on the first trading day after FTX, one of the worlds largest crypto exchanges, filed for bankruptcy. Shares of game developer Com2uS, which listed its...
Buffett's Berkshire discloses $4.1 billion Taiwan Semiconductor stake
Nov 15, 2022 22:40 pm UTC| Economy Business Technology
Berkshire Hathaway Inc bought over $4.1 billion of stock in Taiwan Semiconductor Manufacturing Co. in a rare foray into the technology sector by billionaire Warren Buffetts conglomerate. In a US SEC regulatory filing,...
Britain's energy price cap left many people confused – especially Conservative voters
Nov 15, 2022 16:39 pm UTC| Economy
If youre in the UK, how do you understand the governments plan to deal with energy prices? Has it: Capped energy bills for all households at 2,500 for the next two years; Capped the price of energy so a typical...
Nov 15, 2022 16:39 pm UTC| Insights & Views Economy
In 2020, the independent authors and small publishers whose audiobooks reach their readers via Audibles ACX platform smelled a rat. Audiobooks were booming, but sales of their own books produced at great expense and...
Amazon reportedly cutting 10,000 employees starting this week
Nov 15, 2022 11:00 am UTC| Business Economy
Amazon is reportedly carrying out massive layoffs and will be cutting about 10,000 employees. Based on the reports, the job cuts will start this week and will mostly affect those in the companys retail, human resources,...
Subway opens its first vending machine to sell sandwiches, drinks in strategic locations
Nov 15, 2022 09:56 am UTC| Business Economy
Subway, a fast-food franchise that mainly offers submarine sandwiches, wraps, drinks, and more, is taking its marketing to another level by introducing its own vending machine. The company unveiled its first Grab and Go...
Pulmuone to boost instant pasta production by expanding its plant in Beijing
Nov 15, 2022 08:08 am UTC| Business Economy
Pulmuone, a South Korean food company known for its plant-based products such as tofu, is set to boost its production of heat-and-eat pasta in China. The company is planning to do this by expanding its plant in...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Labour can afford to be far more ambitious with its economic policies – voters are on board
Sudan: civil war stretches into a second year with no end in sight