Alibaba Stock Falls
“Alibaba’s Stock Drops Over Cloud Spin-off Cancellation, U.S. Curbs” Alibaba Group’s Hong Kong shares plummeted 10% due to scrapping its cloud business spin-off. The cancellation, prompted by U.S. export curbs…
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Biden Signs Temporary Budget Bill
“President Biden signs temporary budget bill, postponing spending showdown.” President Joe Biden signed a short-term spending bill just a day ahead of a possible government shutdown, escalating a standoff with…
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Bipartisan kicking the can down the road
This time, nobody can blame Republicans alone if, in a few months, a government shutdown is a possibility AGAIN. Democrats are happy to share the spoils. On Tuesday, November 14th,…
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A new possible federal government shutdown looming
The so-called “stopgap bill” is good until November 17th and there is no agreement on what’s going to happen next. In his first major legislative challenge, U.S. House Speaker Mike…
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South African government imposes race quotas to EU – UK exports
According to South African sources (bnnbloomerg and citypress behind paywall), “too white” agricultural business can no longer export to Europe and Britain but maybe it’s all about inadequate pest control……
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Ripple still bitter about SEC adventure
On November 8th and 9th, Ripple CEO Brad Garlinghouse criticized the U.S. Securities and Exchange Commission (SEC) at the Ripple Swell conference in Dubai. In the wake of Ripple’s recent…
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Big Chinese bank’s US branch hit by ransomware attack
No organization is immune to cyber threats. On Thursday, November 9th, the U.S. arm of the Industrial and Commercial Bank of China (ICBC) experienced a ransomware attack, disrupting U.S. Treasury…
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UK Economy: Stagnation Raises Growth Concerns
UK economy stagnated, avoiding recession, but concerns arise about growth. London, Nov 10 (Reuters) – The latest data from the Office for National Statistics reveals that the British economy experienced…
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Bank of England’s Economic Caution
Bank of England maintains high interest rates due to economic weakness, projects stagnation, and concerns about inflation. The Bank of England, in response to signs of economic weakness, decided to…
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Economy beats expectations, interest rates stay stable
Federal Reserve officials have chosen to maintain the current benchmark interest rate, stating concerns about tighter financial conditions affecting economic activity, employment, and inflation. The Fed’s decision keeps the benchmark…
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