EBA Sounds Alarm: The European Banking Authority (EBA) has raised serious concerns about the banking sector’s failure to adhere properly to the International Financial Reporting Standard 9 (IFRS 9). This […]

Alstom Strategic Shift:  Alstom, the French rail company, is poised to sell its 20% stake in Transmashholding (TMH) back to the Russian railcar manufacturer by the end of this year, […]

Bath And Body Works: In a move reflective of the challenging economic landscape, Bath & Body Works (BBWI.N) has opted to revise its annual sales forecast downward, citing discernible signs […]

Luxury Elite Play: In the dynamic landscape of China’s luxury market, a paradigm shift is underway as major brands recalibrate their strategies to cater to a select group of elite […]

TotalEnergies LNG Project: Over 100 environmental groups, including Action Aid International and Greenpeace France, wrote to more than two dozen project backers to highlight TotalEnergies’ $20 billion liquefied natural gas […]

Biden Averts Shutdown: In a decisive move, U.S. President Joe Biden promptly signed a crucial stopgap spending bill, skillfully averting a looming government shutdown. The Senate’s resounding 87-11 vote on […]

Buffett Magic Touch: Warren Buffett’s strategic investment in Japanese trading houses, including Mitsubishi Corp, has proven to be a game-changer, dispelling investor skepticism and driving heightened interest in the conglomerate’s […]

Global Finance Titans: In a landmark move, international financial powerhouses, including the European Bank for Reconstruction and Development (EBRD) and the World Bank, are championing a groundbreaking €4 billion initiative […]

China Yuan Surge: In an unexpected turn of events, multinational firms are issuing record volumes of yuan-denominated bonds and borrowing heavily from Chinese banks. Due to geopolitical tensions and slow […]