TikTok’s Chinese owner, ByteDance, has signed binding agreements with three major investors to form a new joint venture that will operate TikTok’s US app, a move aimed at averting a long-threatened ban by the US government. The agreement marks a major step toward resolving years of regulatory and political uncertainty…
European policymakers, global markets, and Washington delivered a flurry of closely watched developments on Friday that underscored shifting geopolitical and financial dynamics. From a major European Union funding commitment to Ukraine, to a breakthrough deal aimed at keeping TikTok operating in the United States, alongside central bank signals in Asia,…
Billionaire Gautam Adani’s conglomerate plans to invest more than $11 billion in its airports business by the end of the decade, as it looks to expand its footprint across India’s aviation sector, bid for new privatized airports, and diversify into aircraft maintenance and related services. The investment push comes as…
Just weeks before Bulgaria prepares to adopt the Euro, its government is falling apart. Streets are full, parliament is paralysed, and the state is heading for yet another snap election.Bulgaria’s corruption crisis is not sudden. It is the logical outcome of years of unresolved power struggles, weak courts, and a…
Japan’s Mitsubishi UFJ Financial Group (MUFG) will acquire a 20% stake in Shriram Finance Ltd for $4.4 billion, marking the largest cross-border investment ever in India’s financial sector, the Indian non-bank lender said on Friday.The transaction comes amid a sharp acceleration in foreign investment into India’s banking and financial services…
XPeng stock price has nosedived in the past few weeks as investors have dumped Chinese EV companies. XPEV dropped to $18 in New York, down by 35% from its highest point this year. This article explores why it has crashed despite its strong numbers.Why the Xpeng stock price has crashedXpeng…
The GE Vernova stock price suffered a harsh reversal as it plunged by over 10% in a single day. It bottomed at $614, down by 15% from its highest level this year, erasing some of the gains it made recently when it boosted its payouts to investors.GE Vernova stock price…
CoreWeave stock price continued its downward trend this week as investors remained concerned about the AI bubble. CRWV has dropped in the last four consecutive days, reaching its lowest level since May this year. It has slumped by ~65% from its highest point this year.CoreWeave stock is facing elevated risksCoreWeave,…
The Nikkei 225 Index jumped by over 1.1% today, Dec. 19, even after the Bank of Japan (BoJ) hiked interest rates to the highest point since 1995. The index, which tracks the biggest Japanese companies, rose to ¥49,568, much higher than this week’s low of ¥48,900.BoJ hikes rates to 0.75%…
The Japanese yen slumped for the second consecutive day, even as the BoJ delivered its interest rate decision. The USD/JPY pair rose to a high of 156, up sharply from this week’s low of 154.37.Japanese yen falls after the BoJ interest rate hike The USD to JPY exchange rate drifted upwards,…