Connect with us

Hi, what are you looking for?

DOGE0.070.84%SOL19.370.72%USDC1.000.01%BNB287.900.44%AVAX15.990.06%XLM0.080.37%
USDT1.000%XRP0.392.6%BCH121.000.75%DOT5.710.16%ADA0.320.37%LTC85.290.38%

Defense Secretary Austin calls China's summit snub regrettable.
By Isiah Goldmann,  2 min read

On Thursday, U.S. Defense Secretary Lloyd Austin said it was “unfortunate” his Chinese counterpart had declined to meet him at a security gathering because they needed to communicate to prevent military aircraft collisions. ON TUESDAY, the U.S. accused a Chinese fighter jet of an “unnecessarily aggressive” maneuver near a U.S. plane over the South China...  Read more

Latest Posts

Ukraine shoots down 10 Russian missiles and 20 drones.
By Levy Hoffman,  1 min read

On Friday, Ukraine shot down 10 Russian missiles and 20 drones that attacked Kyiv, Dnipro, and eastern areas overnight. Russia has boosted missile and drone attacks on Ukraine this month, targeting logistics and infrastructure before a Ukrainian counteroffensive. Ukrainian jets downed 10 Caspian Sea missiles, 23 Iranian Shahed drones, and two observation drones. Seventeen missiles...  Read more

As deadline approaches, White House, Republicans seek debt-ceiling solution.
By Anna Kovalenko,  2 min read

As deadline approaches, White House Republicans seek debt-ceiling solution. With a week until a possible economic disaster, the White House and congressional Republicans are scheduled to resume talks on raising the $31.4 trillion debt ceiling on Thursday. President Joe Biden and House Speaker Kevin McCarthy disagree on spending, taxes, and anti-poverty program work requirements. But,...  Read more

China denies monitoring Western critical infrastructure.
By Isiah Goldmann,  1 min read

The Chinese government denies that its spies are infiltrating Western infrastructure, calling the US-led warning a “collective disinformation campaign.” Chinese foreign ministry spokesperson Mao Ning told reporters that the U.S., Britain, Canada, Australia, and New Zealand notifications were meant to promote their intelligence cooperation, the Five Eyes and that Washington hacked. “The United States is...  Read more

China's Commerce Minister attends APEC meetings in the US.
By Sidney Schevchenko,  1 min read

China’s Commerce Minister visits the US for an APEC meeting and meeting. Wang Wentao, China’s Minister of Commerce, will meet Gina Raimondo on Thursday after attending the 2023 APEC Ministers Responsible for Trade Meeting in the U.S. “The Chinese side will exchange views on China-U.S. relations and issues of common concern,” said Shu Jueting, Chinese...  Read more

UK net migration tops record 606,000 in 2022.
By Isiah Goldmann,  2 min read

On Thursday, official estimates showed that net migration to the UK reached a record 606,000 last year, putting pressure on British Prime Minister Rishi Sunak, who has committed to reducing numbers. The ONS said non-EU nationals, notably refugees via the British government’s Ukraine visa schemes and people traveling for work and study, drove the surge....  Read more

Financial product prices are lowered by EU.
By Levy Hoffman,  1 min read

The EU lowers financial product prices. On Wednesday, the EU announced proposals to lower retail investor fees for financial goods to boost investment and improve its capital market. The European Commission’s retail investment package prohibits banks and insurers from paying commissions to brokers who sell their products without client assistance. In 2021, only 17% of...  Read more

WHO rejects Moscow's counter-proposal and condemns Russia's aggression in Ukraine.
By Isiah Goldmann,  1 min read

On Wednesday, the World Health Organization assembly condemned Russia’s attacks on Ukrainian healthcare facilities. The motion passed 80-9, with 52 abstentions and 36 countries absent. The Western-led motion called for a health sector review of Russia’s aggression at the U.N. agency’s annual meeting. Russia presented a counter-proposal acknowledging the health emergency in Ukraine but not...  Read more

World Bank: Six Pacific nations at significant debt risk
By Anna Kovalenko,  1 min read

The World Bank reported Thursday that COVID-19 spending had put six Pacific nations in danger of debt hardship. Raising Pasifika recommended fiscal consolidation in Kiribati, the Republic of the Marshall Islands, Federated States of Micronesia, Samoa, Tonga, and Tuvalu because they lack local debt markets and foreign capital markets. The research indicated that Palau and...  Read more

Yellen fears US default would damage global economy, US leadership.
By Anna Kovalenko,  3 min read

Yellen fears US default would damage the global economy, US leadership. On Thursday, Treasury Secretary Janet Yellen asked Congress to extend the $31.4 trillion federal debt ceiling to avoid a historic default that would cause a worldwide economic slowdown and threaten U.S. global economic leadership. In a news conference before a meeting in Japan with...  Read more

US debt dispute overshadows G7 finance chiefs' summit
By Anna Kovalenko,  2 min read

Starting on Thursday, an impasse over extending the U.S. debt ceiling dominated a G7 finance chiefs conference, intensifying U.S. recession worries as central banks seek a gentle landing for the global economy. President Joe Biden urged Republican legislators on Wednesday to boost the government’s borrowing ceiling from $31.4 trillion or face a recession in the...  Read more

Crowning of King Charles III at London's Westminster Abbey
By Anna Kovalenko,  3 min read

On Saturday, King Charles III was crowned amid the most lavish show of pomp in British history, which dates back a thousand years. The Archbishop of Canterbury, the spiritual leader of the Anglican Church, took his time placing the 360-year-old St. Edward’s Crown on Charles’ head as he sat on a throne from the 14th...  Read more

Alex Chalk to succeed Raab as justice minister
By Sidney Schevchenko,  0 min read

After Dominic Raab’s resignation on Friday, British politician Alex Chalk will become justice minister, the Times’ political editor announced. After a bullying report, deputy prime minister and justice minister Raab resigned. Chalk, 46, has been Minister for Defence Procurement since Rishi Sunak became Prime Minister in October. Chalk became a lawmaker in 2015 after 14...  Read more

U.S. legislator asks TikTok CEO to explain kid-safety measures
By Staff Reporter,  1 min read

A U.S. House subcommittee chair wants TikTok CEO Shou Zi Chew to answer questions next week on the popular Chinese-owned video app’s attempts to safeguard minors from harmful content and exploitation. Chew will testify before the House Energy and Commerce Committee on March 23 for the first time. “We need to know what efforts the...  Read more

Three Bosnians are sanctioned by the U.S.
By Levy Hoffman,  1 min read

Three Bosnians, including the former intelligence agency head, were sanctioned by the U.S. on Wednesday for allegedly undermining democratic institutions and risking peace and stability in the Western Balkans. Assistant Secretary of the Treasury Brian Nelson stated that the men “constitute a danger to regional stability, institutional credibility, and the ambitions of people seeking democratic...  Read more

Paramount suffers from ad decline as streaming rises.
By Staff Contributor,  1 min read

CBS Network owner Paramount Pictures (PARA.O) missed Wall Street quarterly revenue estimates on Thursday. This is due to a wider advertising market slump. Even though its streaming platform gained millions of subscribers. Media shares fell 8% before the opening bell. Stock prices rose 45% from 2023 to Wednesday’s close. Businesses have cut their advertising budgets...  Read more

Ford to move forward with $3.5Billion EV battery plant.

Ford to proceed with a $3.5 billion EV battery factory with a Chinese firm.
By Anna Kovalenko,  5 min read

Drake said Ford  is not necessarily concerned about the Chinese government interfering with the deal, saying the companies “certainly thought through that and those are provisions,” including optionality in the contract. The expected announcement of the contract between Ford and Contemporary Amperex Technology Co., or CATL, follows Virginia Governor Glenn Youngkin’s revelation that he was...  Read more

U.S. Senate bill would limit big tech mergers

U.S. Senate Bill Would Limit Big Tech Mergers
By Staff Contributor,  4 min read

Two U.S. Senate members have introduced bipartisan legislation that makes it harder for Amazon.com (AMZN.O) and other tech giants to make acquisitions. The office of Senator Amy Klobuchar, a Democrat who chairs the Senate Judiciary Committee’s antitrust panel, said on Friday that she and Republican Tom Cotton had introduced a bill targeting such companies as Alphabet’s (GOOGL.O),...  Read more

E-scooter startup Lime raises 523 mln, eyes going public in 2022

E-scooter startup Lime raises $523 million
By Staff Contributor,  4 min read

Urban mobility company Lime said on Friday it had raised $523 million from investors to scale up production of its latest e-scooters and e-bikes, and its top executive said the startup is aiming for a stock market listing in 2022. The San Francisco-based company said the money it had raised from convertible debt and term...  Read more

Uber partners with Hertz to offer 50,000 Tesla rentals to U.S. ride-hail drivers

Uber Collaborates with Hertz to give 50,000 Tesla Rentals
By Staff Contributor,  3 min read

Hertz and Uber (NYSE: UBER) today are hastening the adoption of electric vehicles (EVs) in the U.S. through a new independent partnership to make up to 50,000 Teslas (NASDAQ: TSLA) ready by 2023 for drivers to rent when working on the Uber network. This partnership is the largest development of electric vehicles on a mobility...  Read more

Tesla drives toward $1 trillion club on record Hertz order

Tesla Drives Toward $1 Trillion Club on Record Hertz Order
By Staff Contributor,  10 min read

On Monday, Oct 25 (Reuters) – Tesla Inc (TSLA.O) neared $1 trillion in market capitalization as the company founded by Elon Musk received its biggest-ever order — 100,000 electric rental cars for Hertz. Tesla shares were up 7.5% at $978, hitting a new record high Monday, following the order. Shares were also buoyed by news...  Read more

Business

JPMorgan's Dimon meets clients and personnel in Taiwan.
By Isiah Goldmann,  2 min read

After visiting China this week, JPMorgan Chase & Co (JPM.N) CEO Jamie Dimon will visit Taiwan on Friday, a source said. Dimon’s visit to Taipei, where JPMorgan has operated since 1970, amid rising tension over Beijing’s claim to the democratically ruled island. Taiwan vehemently denies China’s sovereignty. China dislikes foreign government officials visiting Taiwan, while...  Read more

' /]

Related posts

Japan's Nikkei hits 32-year high as US default concerns fade.
By Isiah Goldmann,  1 min read

The benchmark Nikkei market closed at a three-decade high on Friday after U.S. lawmakers approved raising the debt ceiling and central bankers signaled they would not tighten monetary policy. SoftBank Group Corp (9984.T) climbed 4.3% on expectations its chip unit will benefit from artificial intelligence spending. T&D Holdings, Inc. (8795.T) rose 4.28% as U.S. default...  Read more

California, New York pensions reject Toyota chairman.
By Levy Hoffman,  2 min read

California, New York pensions reject Toyota chairman. Shareholder voting records showed that two top U.S. public pension systems voted against Akio Toyoda’s re-election, focusing on the automaker’s annual meeting later this month. According to fund postings, CalPERS and the New York City Comptroller voted for a resolution demanding Toyota disclose its climate change lobbying. Last...  Read more

Exxon CEO thinks technology might treble shale output.
By Isiah Goldmann,  1 min read

On Thursday, Exxon Mobil (XOM.N) CEO Darren Woods said new technologies would double oil production from the company’s U.S. shale properties in five years. In December, the biggest U.S. oil producer delayed a goal of pumping 1 million barrels per day in the Permian Basin, the top shale field, until 2027 due to COVID-19 epidemic...  Read more

GDP p.c.

Real Gross Domestic Product per Capita

60,422.000.57%

U.S. 10 Yr

10-Year Treasury Constant Maturity Rate

3.532.49%

S&P 500

Standard and Poor's 500

3,991.050.38%

DJIA

Dow Jones Industrial Average

32,800.350%

Editor's Picks

5G Technology: The Future of Communication
By Gary Baker,  9 min read

5G Technology: The Future of Communication Background about 5G technologies Since 5G technology is gradually entering our daily lives and the phrase is used more frequently, we deemed it necessary to explain what it truly is to you.   The beginning of 1G in 1979 The 1G, or first “Generation,” mobile network was the first...  Read more

THE BENEFITS OF MINDFULNESS IN BUSINESS: HOW TO CULTIVATE A CALM AND FOCUSED MINDSET
By Gary Baker,  9 min read

THE BENEFITS OF MINDFULNESS IN BUSINESS: HOW TO CULTIVATE A CALM AND FOCUSED MINDSET Unlocking the Power of the Mind: The Surprising Benefits of Mindfulness in Business” – Discover how cultivating a calm and focused mindset through mindfulness can revolutionize your professional life. KEY TAKEAWAYS Mindfulness assists individuals in being calm and focused, leading to...  Read more

People Profiles

INVESTMENT STRATEGIES FOR BEGINNERS: A STEP BY STEP GUIDE TO BUILDING A STRONG PORTFOLIO.

INVESTMENT STRATEGIES FOR BEGINNERS: A STEP BY STEP GUIDE TO BUILDING A STRONG PORTFOLIO
By Staff Contributor,  11 min read

INVESTMENT STRATEGIES FOR BEGINNERS: A STEP BY STEP GUIDE TO BUILDING A STRONG PORTFOLIO. Building wealth for your future starts with investing today! Learn the essential steps to create a strong investment portfolio as a beginner. KEY TAKEAWAYS ● Setting investment objectives and developing a sound investment strategy is essential for novices. ● Diversifying your...  Read more

Videos

Elon Musk greeted with flattery during China trip

Thu, 2023-Jun-01 20:32:55

Elon Musk has been treated to flattery and feasts during his trip to China. Since landing in Beijing the Tesla CEO has met with China’s foreign, commerce and industry ministers and dined with the chairman of a top battery supplier.

#News #biznob #newsfeed #elonmusk #tesla #china #business

Subscribe to us on Youtube to Get the Latest News:
https://www.youtube.com/channel/UCRuQYkYlu7KVEVHxxtTO72g

BIZNOB – biznob – Noun, a business leader of social importance.

A publication of iConcept Media Group, the BIZNOB is a daily business journal, covering business news with a focus on emerging leaders but not limited to technology, entertainment, finance, politics, and lifestyle. BIZNOB’s mission is to deliver news and information that matters among business professionals. The publication strives to be on the homepage of the world’s business community.

Join us as a member and the ensuing conversation. Make your contribution on hot topics of the day with comments, polls, and forums. You can also gain insider access to ticket discounts, members-only events, and behind-the-scenes emails.

Get the latest Business news on: www.BIZNOB.com
Follow BIZNOB on Facebook: https://www.facebook.com/thebiznob
Follow BIZNOB on Twitter: https://www.twitter.com/thebiznob
Follow BIZNOB on Instagram: https://www.instagram.com/thebiznob

SUPPORT BIZNOB NETWORK
Your support, a donation will help us build and create a world’s business community. Help us continue to dig up and narrate the most significant stories of Business in our time.

Nvidia hits $1 trillion in market value

Wed, 2023-May-31 20:32:42

Nvidia joined an elite club of US companies sporting a $1 trillion market value as investors piled into the chipmaker that has quickly become one of the biggest winners of the AI boom.

#News #biznob #newsfeed #Nvidia #Chips #Technology #ArtificialIntelligence

Subscribe to us on Youtube to Get the Latest News:
https://www.youtube.com/channel/UCRuQYkYlu7KVEVHxxtTO72g

BIZNOB – biznob – Noun, a business leader of social importance.

A publication of iConcept Media Group, the BIZNOB is a daily business journal, covering business news with a focus on emerging leaders but not limited to technology, entertainment, finance, politics, and lifestyle. BIZNOB’s mission is to deliver news and information that matters among business professionals. The publication strives to be on the homepage of the world’s business community.

Join us as a member and the ensuing conversation. Make your contribution on hot topics of the day with comments, polls, and forums. You can also gain insider access to ticket discounts, members-only events, and behind-the-scenes emails.

Get the latest Business news on: www.BIZNOB.com
Follow BIZNOB on Facebook: https://www.facebook.com/thebiznob
Follow BIZNOB on Twitter: https://www.twitter.com/thebiznob
Follow BIZNOB on Instagram: https://www.instagram.com/thebiznob

SUPPORT BIZNOB NETWORK
Your support, a donation will help us build and create a world’s business community. Help us continue to dig up and narrate the most significant stories of Business in our time.

China’s own airliner completes first commercial flight

Tue, 2023-May-30 20:32:24

China’s home-grown C919 jet completed its first commercial flight from Shanghai to Beijing under China Eastern Airlines. The aircraft produced by Commercial Aviation Corp of China is meant to rival Airbus and Boeing as China seeks to become more self-reliant.

#News #Reuters #newsfeed #china #c919 #aviation #chinaeasternairlines

Subscribe to us on Youtube to Get the Latest News:
https://www.youtube.com/channel/UCRuQYkYlu7KVEVHxxtTO72g

BIZNOB – biznob – Noun, a business leader of social importance.

A publication of iConcept Media Group, the BIZNOB is a daily business journal, covering business news with a focus on emerging leaders but not limited to technology, entertainment, finance, politics, and lifestyle. BIZNOB’s mission is to deliver news and information that matters among business professionals. The publication strives to be on the homepage of the world’s business community.

Join us as a member and the ensuing conversation. Make your contribution on hot topics of the day with comments, polls, and forums. You can also gain insider access to ticket discounts, members-only events, and behind-the-scenes emails.

Get the latest Business news on: www.BIZNOB.com
Follow BIZNOB on Facebook: https://www.facebook.com/thebiznob
Follow BIZNOB on Twitter: https://www.twitter.com/thebiznob
Follow BIZNOB on Instagram: https://www.instagram.com/thebiznob

SUPPORT BIZNOB NETWORK
Your support, a donation will help us build and create a world’s business community. Help us continue to dig up and narrate the most significant stories of Business in our time.

Lufthansa eyes full control of Italy’s ITA Airways

Mon, 2023-May-29 20:33:41

Lufthansa will take a 41% stake in ITA Airways and says its ultimate goal is a full takeover.

#News #biznob #newsfeed #lufthansa #itaairways #takeover #business #aviation

Subscribe to us on Youtube to Get the Latest News:
https://www.youtube.com/channel/UCRuQYkYlu7KVEVHxxtTO72g

BIZNOB – biznob – Noun, a business leader of social importance.

A publication of iConcept Media Group, the BIZNOB is a daily business journal, covering business news with a focus on emerging leaders but not limited to technology, entertainment, finance, politics, and lifestyle. BIZNOB’s mission is to deliver news and information that matters among business professionals. The publication strives to be on the homepage of the world’s business community.

Join us as a member and the ensuing conversation. Make your contribution on hot topics of the day with comments, polls, and forums. You can also gain insider access to ticket discounts, members-only events, and behind-the-scenes emails.

Get the latest Business news on: www.BIZNOB.com
Follow BIZNOB on Facebook: https://www.facebook.com/thebiznob
Follow BIZNOB on Twitter: https://www.twitter.com/thebiznob
Follow BIZNOB on Instagram: https://www.instagram.com/thebiznob

SUPPORT BIZNOB NETWORK
Your support, a donation will help us build and create a world’s business community. Help us continue to dig up and narrate the most significant stories of Business in our time.

Business Lookahead jobs, prices and AI

Sun, 2023-May-28 20:32:27

From key US jobs figures to the AI boom gathering pace, these are the business and finance stories to watch out for next week.

#Business #Markets #Fed #News #biznob #newsfeed

Subscribe to us on Youtube to Get the Latest News:
https://www.youtube.com/channel/UCRuQYkYlu7KVEVHxxtTO72g

BIZNOB – biznob – Noun, a business leader of social importance.

A publication of iConcept Media Group, the BIZNOB is a daily business journal, covering business news with a focus on emerging leaders but not limited to technology, entertainment, finance, politics, and lifestyle. BIZNOB’s mission is to deliver news and information that matters among business professionals. The publication strives to be on the homepage of the world’s business community.

Join us as a member and the ensuing conversation. Make your contribution on hot topics of the day with comments, polls, and forums. You can also gain insider access to ticket discounts, members-only events, and behind-the-scenes emails.

Get the latest Business news on: www.BIZNOB.com
Follow BIZNOB on Facebook: https://www.facebook.com/thebiznob
Follow BIZNOB on Twitter: https://www.twitter.com/thebiznob
Follow BIZNOB on Instagram: https://www.instagram.com/thebiznob

SUPPORT BIZNOB NETWORK
Your support, a donation will help us build and create a world’s business community. Help us continue to dig up and narrate the most significant stories of Business in our time.

Hyundai, LG to build $4 3 billion battery plant in US

Sat, 2023-May-27 20:32:31

South Korea’s Hyundai Motor and LG Energy Solution said they will build a $4.3 billion electric vehicle battery plant in the United States amid a push to take advantage of tax credits.

#News #biznob #newsfeed #southkorea #hyundai #electricvehicle

Subscribe to us on Youtube to Get the Latest News:
https://www.youtube.com/channel/UCRuQYkYlu7KVEVHxxtTO72g

BIZNOB – biznob – Noun, a business leader of social importance.

A publication of iConcept Media Group, the BIZNOB is a daily business journal, covering business news with a focus on emerging leaders but not limited to technology, entertainment, finance, politics, and lifestyle. BIZNOB’s mission is to deliver news and information that matters among business professionals. The publication strives to be on the homepage of the world’s business community.

Join us as a member and the ensuing conversation. Make your contribution on hot topics of the day with comments, polls, and forums. You can also gain insider access to ticket discounts, members-only events, and behind-the-scenes emails.

Get the latest Business news on: www.BIZNOB.com
Follow BIZNOB on Facebook: https://www.facebook.com/thebiznob
Follow BIZNOB on Twitter: https://www.twitter.com/thebiznob
Follow BIZNOB on Instagram: https://www.instagram.com/thebiznob

SUPPORT BIZNOB NETWORK
Your support, a donation will help us build and create a world’s business community. Help us continue to dig up and narrate the most significant stories of Business in our time.

Vietnam’s VinFast recalls US bound EVs

Fri, 2023-May-26 20:32:25

Vietnamese electric vehicle maker VinFast said it’s recalling all of the first batch of vehicles it shipped to the United States last year following a safety warning issued by American authorities.

#News #biznob #newsfeed #Vietnam #us #electricvehicles

Subscribe to us on Youtube to Get the Latest News:
https://www.youtube.com/channel/UCRuQYkYlu7KVEVHxxtTO72g

BIZNOB – biznob – Noun, a business leader of social importance.

A publication of iConcept Media Group, the BIZNOB is a daily business journal, covering business news with a focus on emerging leaders but not limited to technology, entertainment, finance, politics, and lifestyle. BIZNOB’s mission is to deliver news and information that matters among business professionals. The publication strives to be on the homepage of the world’s business community.

Join us as a member and the ensuing conversation. Make your contribution on hot topics of the day with comments, polls, and forums. You can also gain insider access to ticket discounts, members-only events, and behind-the-scenes emails.

Get the latest Business news on: www.BIZNOB.com
Follow BIZNOB on Facebook: https://www.facebook.com/thebiznob
Follow BIZNOB on Twitter: https://www.twitter.com/thebiznob
Follow BIZNOB on Instagram: https://www.instagram.com/thebiznob

SUPPORT BIZNOB NETWORK
Your support, a donation will help us build and create a world’s business community. Help us continue to dig up and narrate the most significant stories of Business in our time.

See More Videos

Technology

Amazon's cloud unit chief in India and South Asia resigns.
By Isiah Goldmann,  0 min read

Puneet Chandok, Amazon.com Inc.’s (AMZN.O) India and South Asia cloud business head, resigned Friday. Chandok led Amazon Web Services since June 2019. The U.S. online retailer said Vaishali Kasture, head of the enterprise for mid-market and global companies at AWS India and South Asia, would oversee commercial business interim. Two weeks earlier, Amazon’s cloud computing...  Read more

OpenAI's ChatGPT is warned by Japan's privacy watchdog.
By Anna Kovalenko,  1 min read

On Friday, Japan’s privacy agency cautioned OpenAI, the Microsoft-backed (MSFT.O) startup behind ChatGPT, not to collect sensitive data without consent. In a statement, the Personal Information Protection Commission advised OpenAI to reduce the sensitive data it collects for machine learning. Global regulators are hurrying to set guidelines for generative artificial intelligence (AI), which can create...  Read more

Twitter's trust and safety director resigned.
By Anna Kovalenko,  1 min read

Twitter’s chief of trust and safety, Ella Irwin, told Reuters on Thursday that she had resigned from the social media firm, which has been criticized for insufficient defenses against harmful content since billionaire Elon Musk acquired it in October. After Yoel Roth resigned in November, Irwin became the trust and safety team chief. Content moderator....  Read more

VW bus returns to North America after 20 years.
By Sidney Schevchenko,  1 min read

Volkswagen (VOWG_p.DE) announced Friday that it will sell battery-powered VW buses in North America starting in 2024, reintroducing the famous type after two decades. The ID’s full electricity. Buzz will also offer a longer variant with an 85 kWh battery and seven seats. The T4 VW bus left the US and Canada 20 years ago....  Read more

Russia fines WhatsApp for not removing banned content for the first time.
By Anna Kovalenko,  1 min read

WhatsApp received its first Russian penalties for not deleting illegal content on Thursday, 3 million roubles ($37,080). WhatsApp’s parent company Meta Platforms Inc (META.O), was banned in Russia as an “extremist” organization last year. Still, the popular IM software has never been penalized for failing to remove illegal content. Twitter, Alphabet’s (GOOGL.O) Google, Facebook, and...  Read more

Enterpreneurship

Dev Shah, 14, wins US National Spelling Bee.
By Sidney Schevchenko,  1 min read

On the 15th round of the 2023 Scripps National Spelling Bee finals, 14-year-old Largo, Florida’s Dev Shah, spelled “psammophile,” an organism that thrives on sandy soils. He beat Arlington, Virginia, eighth-grader Charlotte Walsh, 14, who finished second despite misspelling “daviely,” a Scottish word for listlessly, in the 14th round. Shah, a Morgan Fitzgerald Middle School...  Read more

Why Your Brand is Your Most Valuable Asset as an Entrepreneur
By Gary Baker,  11 min read

Why Your Brand is Your Most Valuable Asset as an Entrepreneur Learn why personal branding is important for entrepreneurs, and how to create a strong personal brand that reflects your values and goals.   KEY TAKEAWAYS Personal branding helps entrepreneurs establish credibility and trust with potential customers and clients, which is essential for building lasting...  Read more

Unleashing Your Entrepreneurial Potential: A Guide to Developing a Winning Business Idea
By Brittany De La Cruz,  14 min read

Unleashing Your Entrepreneurial Potential: A Guide to Developing a Winning Business Idea Learn the key steps to develop a successful business idea, from identifying your target audience and creating a strong brand identity to navigating legal aspects, raising capital, and scaling your business for growth.   KEY TAKEAWAYS A strong business idea is essential for...  Read more

30 World's Wealthiest
By Gary Baker,  20 min read

30 World’s Wealthiest Have you ever wondered what it would be like to have more money than you could ever spend in a lifetime? For the top 30 richest people in the world, this is their reality. From tech moguls to retail giants, these billionaires have amassed wealth that boggles the mind. But as their...  Read more

Billionaires Shaping Education
By Olya Smith,  18 min read

Billionaires Shaping Education From reshaping classrooms to revolutionizing learning, the enigmatic influence of billionaires on the future of education has ignited a passionate debate that transcends the traditional boundaries of our education system. As their wealth and power grow, so does their impact on the educational landscape, leaving us to ponder: are billionaires the architects...  Read more

Finance

SoftBank shares rise in AI chip fever before Arm IPO
By Sidney Schevchenko,  1 min read

In early Friday trade, SoftBank Group Corp (9984.T) shares rose 5% as the technology investor, contemplating an initial public offering of chip manufacturer Arm, was caught up in a semiconductor and artificial intelligence market frenzy. Since last week’s closing, the Japanese conglomerate’s tech portfolio-hit shares have gained 17%. Still, they are up only 6.4% year-to-date,...  Read more

RBA should keep rates at 3.85% in June, but may hike soon.
By Levy Hoffman,  2 min read

RBA should keep rates at 3.85% in June but may hike soon. Despite inflation well above the target range, a Reuters poll of economists found that Australia’s central bank will retain its key interest rate at 3.85% on Tuesday. Financial markets and most analysts were surprised last month when the Reserve Bank of Australia (RBA)...  Read more

Oil prices jump after Congress passes debt ceiling bill.
By Anna Kovalenko,  2 min read

After Washington passed a debt ceiling bill, oil prices jumped on Friday as markets considered OPEC+ production cutbacks over the weekend. After two days of losses, Brent crude futures jumped 71 cents, or 0.96%, to $74.99 a barrel by 0600 GMT, while WTI rose 66 cents, or 0.94%, to $70.76. Congress’ suspension of the U.S....  Read more

Canadian pension fund CDPQ limits China investment.
By Sidney Schevchenko,  1 min read

On Thursday, the Financial Times reported that Canada’s second-largest pension fund, Caisse de dépôt et placement du Québec (CDPQ), will close its Shanghai office and stop conducting private deals in China. The report said CDPQ is driving regional investment initiatives from Singapore and still has business interests in China. We’ve halted private investments and focused...  Read more

Credit Suisse bankers leave in hundreds each week.
By Isiah Goldmann,  2 min read

Credit Suisse bankers leave in hundreds each week.  Two sources said hundreds of Credit Suisse (CSGN.S) employees depart each week due to uncertainties around the lender’s takeover by competitor UBS (UBSG.S). One insider said Credit Suisse bankers anxious about their future are choosing safer work at competitors. Since they could not talk publicly, they declined...  Read more

Economy

US fines British Airways $1.1 million for delayed reimbursements
By Anna Kovalenko,  1 min read

British Airways was fined $1.1 million Thursday by the USDOT for failing to refund travelers for flights to and from the U.S. during the COVID-19 pandemic. Since March 2020, USDOT has received over 1,200 complaints saying British Airways delayed refunds. IAG-owned British Airways refuted the allegations. British Airways refunded over $40 million in nonrefundable tickets...  Read more

FTSE 100 surges as US avoids debt; Dechra hits 2-week high
By Anna Kovalenko,  1 min read

After the U.S. Senate passed a debt default deal, the U.K.’s FTSE 100 surged, and Dechra Pharmaceuticals’ shares rose to a two-week high. Dechra (DPH.L) surged 8.2% after EQT agreed to buy it for 4.46 billion pounds ($5.62 billion), lifting the domestically oriented FTSE 250 (.FTMC) 0.7%. After the U.S. raised its $31.4 trillion debt...  Read more

Asian stocks climb as US avoids default, Fed pause bets strengthen.
By Isiah Goldmann,  2 min read

Asian stocks climb as U.S. avoids default, Fed pause bets strengthen. After the U.S. Senate lifted the $31.4 trillion debt ceiling, Asian equities rose on Friday. MSCI’s broadest index of Asia-Pacific equities outside Japan (.MIAPJ0000PUS) gained 2%, its greatest one-day percentage rise since early January. Eurostoxx 50 futures rose 0.45%, German DAX futures 0.49%, and...  Read more

China will follow EU Russia sanctions negotiations and defend Chinese enterprises.
By Isiah Goldmann,  1 min read

China will follow EU-Russia sanctions negotiations and defend Chinese enterprises. On Thursday, commerce ministry spokesman Shu Jueting said China would closely follow EU debates on an 11th tranche of sanctions against Russia that may hinder trade with China. The EU’s executive Commission has proposed restricting trade with sanction evaders for the first time. “China firmly...  Read more

Politics

Thai finance minister candidate seeks debt reduction
By Anna Kovalenko,  2 min read

Thai finance minister candidate seeks debt reduction. The finance minister-designate of Thailand’s election-winning Move Forward party pledged to raise welfare expenditure, the minimum wage, and growth by opening the economy to competition and reducing corruption. Southeast Asia’s second-largest economy gained 2.6% last year after a slow COVID-19 recovery. Political unrest has kept Thailand behind Vietnam...  Read more

Ukraine claimed it downed over 30 missiles and drones.
By Levy Hoffman,  1 min read

Ukraine claimed it downed over 30 missiles and drones. On Friday, Ukrainian soldiers in Kyiv said they shot down more than 30 Russian missiles and drones overnight and injured two people with falling debris before lifting air raid alerts over much of the nation. Since May, Russia has fired 20 missiles and drones toward Ukrainian...  Read more

Ukraine President Volodymyr, Photo Credit: Reuters

Zelenskiy attends European conference in Moldova.
By Anna Kovalenko,  2 min read

President Volodymyr Zelenskiy joined European leaders on Thursday in Moldova near Ukraine’s border to advocate for NATO membership ahead of an expected counter-offensive against Russia’s incursion. Zelenskiy told Moldovan President Maia Sandu that his administration was preparing to discuss Ukrainian peace proposals and called for Western combat jets. The EU’s 27 member states and 20...  Read more

South Africa considers ICC arrest warrant for Putin visiting
By Anna Kovalenko,  2 min read

A government official said Wednesday that South Africa is considering an International Criminal Court (ICC) arrest order for Russian President Vladimir Putin if he attends a BRICS conference in August. As a member of the ICC, South Africa would be compelled to arrest Putin under the March warrant accusing him of forcibly deporting children from...  Read more

Quote of the day

"Play by the rules, but be ferocious."

Phil Knight

Lifestyle

How billionaires give back to society

How billionaires give back to society
By Brittany De La Cruz,  20 min read

How billionaires give back to society As the world’s billionaires continue to amass wealth at unprecedented levels, many are turning to philanthropy as a means to give back and address pressing social and economic issues. But with questions around accountability, power concentration, and the effectiveness of philanthropy, is billionaire philanthropy truly a force for good...  Read more

The World's Most Powerful Billionaires
By Brittany De La Cruz,  12 min read

The World’s Most Powerful Billionaires From tech giants to finance moguls and philanthropic superstars, the world’s most influential billionaires hold immense power and influence over our society. But with this power comes a great responsibility – one that’s at the heart of a growing debate around the ethics of wealth and power. In this article,...  Read more

The Richest Billionaires' Homes
By Gary Baker,  15 min read

The Richest Billionaires’ Homes Ever wondered what the most expensive homes in the world look like? Step into the opulent world of billionaire real estate, where indoor pools, home theaters, and sprawling gardens are just the beginning. From private islands to historic palaces, get ready to be amazed by the sheer scale and grandeur of...  Read more

The Other Side of Billionaire Success
By Gary Baker,  25 min read

  The Other Side of Billionaire Success Billionaires may be successful, but at what cost? Billionaire success is often accompanied by scandals, controversies, and negative impacts on society. High-profile scandals involving insider trading, fraud, sexual misconduct, tax evasion, and environmental exploitation have been associated with billionaire success. Controversies related to income inequality, corporate greed, political...  Read more

Notice: The Biznob uses cookies to provide necessary website functionality, improve your experience and analyze our traffic. By using our website, you agree to our Privacy Policy and our Cookie Policy.

Ok