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Liz Truss Goes Bust Amid Economic Turmoil
Liz Truss becomes the shortest-serving prime minister in British history but her chaotic economic legacy will live on.
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BBVA Beefs Up Engineering Hires
The hiring will also include software developers and data specialists who will work with BBVA’s Client Solutions, Architecture and Data teams on the design, development and deployment of global and reusable components that support the creation of functionalities for retail and corporate clients.
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China: Chips Fall Out
Scores of semiconductor companies are going out of business in China despite the government's drive to boost the sector.
Executive Interviews
Finding Solutions: Q&A With SC Lowy CEO Michael Lowy
Michel Löwy, co-founder and CEO of Hong Kong–based boutique investment bank SC Lowy, which owns banks in Korea and Italy, shares his thoughts on the looming recession, mid-caps versus SMEs, M&A and alternative financing.
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France To Appoint Envoy For Sovereign Funds
Although the precise remit has not been defined, the envoy will focus on the major funds in the Persian Gulf.
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Merging: An Eco-Makeover
Ethereum reduced its energy consumption by 99.95% through a software upgrade that changed its consenus mechanisms.
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Patagonia Appoints Mother Earth As Sole Shareholder
Patagonia’s move comes as more companies try to give Mother Nature legal standing.
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Suez Canal Imposes Transit Fee Increase
From January 1, 2023, tolls will increase by 15% for vessels including oil tankers, and 10% for dry bulk and cruise ships.
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United Kingdom: Queen’s Death Weakens Commonwealth Ties
Queen Elizabeth II’s passing may lead to independence bids from some the of 15 remaining realms under the rule of the British monarchy.
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Italian Election Threatens EU Stability
Poised to become Italy’s first female premier, Meloni succeeds Mario Draghi, who resigned in July after his governing coalition collapsed.
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Kenya: New President Ready To Hustle
The new president has said he intends to prioritize agriculture and food security, stimulate job creation and reawaken the competitiveness of the private sector by reducing government domestic borrowing.