US hacker gets prison time for stealing billions in Bitcoin.
A hacker has been sentenced to five years in prison for helping to launder the money from one of the largest cryptocurrency thefts ever. Ilya Lichtenstein, who admitted to his…
Nigeria’s inflation increased again in October for the second month in a row.
Nigeria’s inflation rate increased for the second month in a row in October, reaching 33.88% compared to 32.70% in September, according to data released by the statistics agency. The rise…
Coach owner Tapestry drops $8.5 billion deal to buy Capri after FTC blocks it.
Tapestry, the company behind Coach, has decided to cancel its $8.5 billion plan to buy Capri, the owner of Michael Kors, Reuters reports. This comes after U.S. regulators blocked the…
Japan’s SMFG raises profit expectations as second-quarter income jumps 27%.
Sumitomo Mitsui Financial Group (SMFG), Japan’s second-largest bank, has increased its profit forecast for the year after seeing a strong 27% rise in second-quarter earnings, Reuters reports. The bank now…
Why Tesla, cryptocurrency, and prisons benefit from Trump’s policies.
Why Tesla, Crypto, Banks, and Prisons Are Winning After Trump’s Election Victory Financial markets have responded positively to Donald Trump’s presidential win, with stocks rising sharply. Although there are debates…
VW teams up with Tesla rival Rivian in a $5.8 billion deal.
Volkswagen Partners with Rivian in $5.8 Billion Deal to Boost Electric Cars Volkswagen (VW) and electric vehicle (EV) startup Rivian have joined forces in a $5.8 billion partnership, increasing VW’s…
Stocks increase as investors wait for U.S. election outcome
Investors worldwide are paying close attention to the U.S. election, as the results could heavily impact the global economy, according to BBC. Stock indexes in Asia were mostly up on…
How India Gains from a Growing BRICS Group
BRICS has grown significantly, expanding its influence globally. Initially, the West doubted its power, but the recent summit in Russia showed just how much the group has advanced. Leaders from…
Indian retail group asks for an investigation into quick delivery companies Swiggy, Blinkit, and Zepto for possible unfair practices.
India’s largest group of retail distributors has requested the antitrust authority to look into three quick delivery companies—Zomato’s Blinkit, Swiggy, and Zepto—accusing them of unfair pricing practices. This information comes…
Boeing workers on strike will vote on a new offer for a 35% pay increase.
Boeing has offered striking workers a 35% pay increase over four years in a new deal, hoping to end a strike that’s been going on since mid-September. Around 33,000 union…