The Treasury Department is preparing a new program that could prohibit U.S. investment in certain sectors of adversarial nations, the Wall Street Journal reported on Friday citing copies of reports provided to lawmakers on Capitol Hill viewed by the newspaper. The Biden administration’s work on the new rules would in practice largely deal with U.S. […]
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A proposed European Union cloud security label that could exclude Amazon, Alphabet’s Google, Microsoft and other non-EU cloud services providers from the bloc is discriminatory and could lead to retaliatory measures, a study commissioned by a tech lobbying group said. The European Centre for International Political Economy (ECIPE) report, which was commissioned by the Computer […]
Wall Street rallied on Friday to end a volatile week, as U.S. Treasury yields eased and economic data helped investors look past the growing likelihood that the Federal Reserve will have to keep its restrictive policy in place until late in the year. All three major U.S. stock indexes surged more than 1%, with the […]
There was a sense of hesitation in world markets on Friday about whether dramatic re-pricing of U.S. and European interest rate horizon over the past month was an overreaction and a New Year economic burst might prove to be a temporary fillip. Many central bank officials certainly seemed less quick to judgment. U.S. Federal Reserve […]
The investment firm managing nearly $1.5 billion of assets for members of Nintendo’s founding family is willing to play a long game when it comes to portfolio companies and can wait more than a decade to see a turnaround, a top executive said. That timeline helps explain why Yamauchi-No.10 Family Office shows no sign of […]
With less than three years to go before the PSTN switch off, all businesses must prepare now to ensure minimal disruption. But with one in four businesses unaware of the PSTN switch-off, how can they get ready for the change? Here, Kristian Torode, co-founder and director of business telecoms services provider Crystaline, explains six steps […]
A slew of cryptocurrency heavyweights including Coinbase Global Inc and Galaxy Digital ditched Silvergate Capital Corp as their banking partner after the lender’s latest filing raised questions about its ability to stay in business. La Jolla, California-based Silvergate, one of the most influential banks in the digital asset industry, has been reeling from the fallout […]
Arianespace’s failed satellite launch in December was likely to have been caused by a faulty carbon component, which Italian aerospace group Avio had purchased from a supplier in Ukraine, the company said, as it published findings of an enquiry on Friday. An Arianespace mission on Dec. 20 carrying two Airbus Defence & Space satellites failed […]
Broadcom Inc forecast second-quarter revenue above estimates on Thursday, as increased investments in artificial intelligence spur demand for its chips used in data centers. In a deteriorating economy, where both consumer and enterprise spending is on a decline, AI has emerged as a bright spot for chip firms such as Nvidia Corp and Broadcom, due […]
U.S. stock index futures inched higher on Friday as Treasury yields took a breather from a week-long rally, which was sparked by worries that the Federal Reserve would keep interest rates higher for longer to tame stubborn inflation. Wall Street indexes have had a volatile start to March after the latest economic data pointed to […]