Trade between the US and China hit a record high last year even as their diplomatic relations deteriorated. Imports and exports between the two countries totalled $690.6bn (£572.6bn) in 2022, official figures show. Relations between the countries have hit new lows in recent days after a Chinese balloon travelled across […]
Businesss
Meta Hit With 390mn Euro Fine Over EU Data Breaches
For violating EU privacy laws on Facebook and Instagram, Meta was hit with 390 million euros in fines. (FILES) This file photo taken on October 28, 2021 shows the META logo on a laptop screen in Moscow. Meta was slapped Wednesday with fines totalling 390 million euros ($413 million) for […]
Ex-Crypto Boss Bankman-Fried Pleads Not Guilty To Fraud
Sam Bankman-Fried’s world imploded sensationally in November when a media report said Alameda’s balance sheet was heavily built on a token created by FTX with no independent value. Former FTX chief executive Sam Bankman-Fried (C) arrives to enter a plea before US District Judge Lewis Kaplan in the Manhattan federal […]
Stock Markets Rally On New Year Boost
The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, has said that at least one-third of the global economy may slip into recession in 2023. Global stocks rallied Tuesday thanks to a New Year boost, which is clouded however by rising interest rates, recession worries and Russia’s war […]
Musk Faces US Fraud Trial Over Tesla Tweet
According to Bloomberg, Judge Chen expressed confidence at the hearing that impartial jurors could be chosen. (FILES) In this file photo taken on February 10, 2022 Elon Musk gestures as he speaks during a press conference at SpaceX’s Starbase facility near Boca Chica Village in South Texas. Elon Musk late […]