Meta Platforms, owner of Facebook and Instagram, reassured Wall Street that its sales were holding up better than feared last night after its profits more than halved in the past quarter. The world’s largest social media business said revenues may ...
British Steel, the Chinese-owned operator of the giant Scunthorpe steelworks, is planning to lay off 800 workers, about a quarter of the workforce. The news comes in the middle of negotiations between ministers and Jingye, the Chinese steel company that ...
The private equity investor Greybull Capital is considering a bid for the collapsed battery startup Britishvolt, as administrators at EY try to push through a sale of the gigafactory project. The investment firm was approached by EY because of its ...
SEOUL – North Korea‘s Foreign Ministry said on Thursday that drills by the United States and its allies have pushed the situation to an “extreme red-line” and threaten to turn the peninsula into a “huge war arsenal and a more critical war zone.” The statement, carried by state news agency KCNA, said ...
MANILA – The Philippines has granted the United States expanded access to its military bases, the countries said on Thursday, amid mounting concern over China’s increasing assertiveness in the disputed South China Sea and tensions over self-ruled Taiwan. Statements from the defense ministries of ...
WASHINGTON – US investors including the investment arms of Intel Corp. and Qualcomm Inc. accounted for nearly a fifth of investments in Chinese artificial intelligence companies from 2015 to 2021, a report showed on Wednesday. The document, released by CSET, a tech policy group at Georgetown University, ...
Tesla Inc’s board had no obligation to review CEO Elon Musk‘s 2018 tweets announcing a bid to take the electric car maker private, which investors allege were fraudulent, two independent directors testified at trial on Wednesday. Mr. Musk‘s Aug. 7, 2018 tweets sent Tesla stock soaring and after they fell back down, shareholders sued, alleging ...
FRANKFURT – The European Central Bank is set to raise interest rates again on Thursday and pencil in more hikes for the next few months, with the only open question being how big these will be. The ECB has been increasing rates at a record pace to fight a sudden bout of high ...
The macroeconomic situation in Japan seems to be coming to a head. When the Bank of Japan, under its President Haruhiko Kuroda, announced on December 20, 2022, that it would raise its interest rate ceiling on ten-year Japanese government bonds ...
Fiat money is the fuel of the modern Leviathan state. If we wish to have freedom, we must have sound money. Original Article: “The Modern State Cannot Exist without Fiat Money” This Audio Mises Wire is generously sponsored by Christopher Condon. ...