Binance has left the Netherlands and is being investigated in France.
According to French media sources, the world’s largest cryptocurrency exchange, Binance, is being examined by French authorities. The probe is centered on the company’s anti-money laundering practices. It comes after the company announced its exit from the Netherlands after failing…
As US-China relations deteriorate, iPhone manufacturer Foxconn will shift its focus to automobiles.
As it navigates a new era of chilly Washington-Beijing ties, iPhone maker Foxconn is spending big on electric automobiles and redrawing some of its supply networks. Chairman and CEO Young Liu told the BBC in an exclusive interview what the…
Since 2022, the United States has held interest rates stable.
The Federal Reserve of the United States has declared that interest rates will remain unchanged, the first time in more than a year. The Federal Reserve maintained its benchmark rate objective of 5%-5.25%, stating that it needed more time to…
Elon Musk: Music publishers sue Twitter for $250 million
A collection of 17 music publishers in the United States has filed a lawsuit against Twitter, alleging that the platform permitted copyright breaches involving roughly 1,700 songs. The National Music Publishers’ Association (NMPA) is suing for more than $250 million…
Pyrex and Instant Pot manufacturer declares bankruptcy
The creator of Pyrex glassware and Instant Pot multicookers has declared bankruptcy, citing close to $1 billion (£790 million) in liabilities. Instant Brands attributes its issues to high interest rates and little demand. The company, which employs over 2,400 people,…
As fuel costs fall, US inflation has reached its lowest level since 2021.
In the United States, prices for eggs, gasoline, and furniture fell last month, helping to reduce inflation to less than half of its peak a year earlier. According to the Labor Department, inflation, or the rate at which prices rise,…
Alex Soros is given control of his father’s $25 billion empire.
George Soros, a US billionaire philanthropist, has delegated control of his $25 billion (£19.9 billion) business and charity enterprise to his son Alex. In an interview with the Wall Street Journal, the financier of Hungarian descent claimed that his son…
The CEO of Danone has called for additional taxes on unhealthy foods.
The CEO of one of the largest food companies in the UK has called for greater taxes on salty, fatty, and sugary meals. According to James Mayer, who manages Danone in the UK and Irish Republic, food producers have not…
Qantas: Australian airline softens requirements for uniforms based on gender
Male staff are now permitted to wear makeup and have long hair at Qantas, an Australian airline, as it has loosened its gender-based uniform regulations. Female employees won’t have to wear cosmetics and high heels while on the job thanks…
If energy prices decline, the windfall tax will be repealed.
The government has announced that the windfall tax on oil and gas companies will be repealed if prices fall to normal levels for an extended period of time. Stopping the windfall tax will reduce the overall tax rate for energy…
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