According to official reports, the yuan has overtaken the dollar to become the most-used currency in China's cross-border transactions, with it being used in 48.4% of all such transactions.
According to a statement published by the official Changjiang Daily newspaper on Friday, Wuhan City's finance bureau announced that a total of 259 companies owed it more than 100 million yuan ($14 million) combined, leading it to...
Reliance began stealth seizure of Future stores on Feb. 25. Much of Future management was in the dark about the takeover according to sources. Reliance wants to rebrand the stores and keep Future employees on as per sources. After the takeover of stores, Amazon and Future would commence talks.
Sefe's CEO, Egbert Laege, announced that Germany has signed a long-term deal with the U.S. to replace Russian gas with LNG from Venture Global LNG.
Germany’s state-controlled firm Securing...
Ex1 - Ex2 = In1 - In2
The mathematical equation you are viewing is probably one of the most feared one in the world—so feared in fact that it led to the removal of this famous American economist Irving Fisher's...
Millions of people were left without clean drinking water and power due to devastating blackouts in Texas in February. Tesla is planning to make a 100 megawatt battery to plug into the power grid of Texas. This project will be started in Angleton, Brazoria County for stabilizing energy supply of the area.
China's Belt and Road Initiative (BRI), announced by President Xi Jinping in Astana, Kazakhstan, in September 2013, has fundamentally transformed global geopolitics. Even organizations with a Western perspective, such as the London-based Center for Economic and Business...
The UK audit regulator has outlined the plan to breakup the Big Four accounting firms in letters sent to the leaders of Deloitte, EY, KPMG and PwC. In what would amount to a far-reaching shake-up of the accounting industry,...
Late in the spring of 2020, Jan Marsalek, an Austrian bank executive, was suspended from his job. He was a widely admired figure in the European business community—charismatic, trilingual, and well travelled. Even at his busiest, as the chief operating officer of Wirecard, Germany’s fastest-growing financial-technology company, he would assure subordinates who sought a minute of his time that he had one, just for them. “For you, always,” he used to say. But he would say that to almost everyone.
The CB Insights unicorn list, which documents the highest-valued startups in the world, has ByteDance topping the list.
Which startup has the greatest valuation globally? Why? Because ByteDance, the...
