Financial Intelligence

Go First Files For Bankruptcy, Blames US Engine Maker

“Go First” has filed for bankruptcy with the National Company Law Tribunal in Delhi. Billionaire Nusli Wadia is blaming US engine maker Pratt & Whitney for the situation. Go Airlines, founded by billionaire Nusli Wadia, filed for bankruptcy on Tuesday with the low-cost carrier blaming US engine-maker Pratt & Whitney

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ChatGPT Claims Its First Financial Victim

Chegg CEO Dan Rosensweig said that in March, they saw a significant spike in student interest in ChatGPT. They now believe it is having an impact on their new customer growth rate, as ChatGPT claims its first financial victim. Chegg shares tumbled after the online education company said ChatGPT is hurting

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Now Zimbabwe To Launch Gold-Backed Digital Currency

The Reserve Bank of Zimbabwe has announced that Zimbabwe will launch a gold-backed digital currency, dumping the US dollar. Zimbabwe has become the latest country to dump dollar and has decided to issue gold-backed digital currency for “investment purposes with a vesting period of 180 days.” The country’s central bank

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China’s Project To Connect Kashgar To Gwadar Via Kashmir

After an assessment by scientists from the state-owned China Railway First Survey and Design Institute Group Co. Ltd., under the guidance of the institute’s deputy director of capital operations, Zhang Ling, China’s project to connect Kashgar to Gwadar via Kashmir has received the green light. Chinese President Xi Jinping has

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