According to Reuters, Italian bank Unicredit has been taken off the global list of systemically important banks. The Financial Stability Board removed Italian UniCredit from its list of internationally recognized systemically important banks, according to Reuters. It also included China's Bank of...

Market data indicated that investors withdrew over $956 million from cryptocurrency exchange Binance in the last 24 hours following the resignation of its CEO, Changpeng Zhao, and his potential imprisonment following his guilty plea on Tuesday to resolve an extensive U.S. investigation into illicit...

Chinese businesses with strong hybrid lineups are emerging as winners in the fierce pricing war that EV manufacturers in China are waging to keep up with the decreasing demand. These brands are luring customers with long-range vehicles that can be had for less money than gasoline-powered...

Zoom Video Communications Inc., a US-based provider of remote conferencing services, increased its full-year forecast and nearly tripled its net income in the third quarter of fiscal 2024. In August through October, net income was $141.212 million, or 45 cents per share, as opposed to $48.353...

Sam Altman, the CEO of OpenAI and, for many, the face of generative AI, was sacked by the board of the company that created ChatGPT, shocking the tech community.   The business announced that Mira Murati, Chief Technology Officer of OpenAI, will take on the role of acting CEO in the interim...

In order to address the issues of inflation and equipment constraints that have severely damaged the renewables industry, BP is looking for partners for offshore wind projects in Japan and may make investments in hydrogen technology firms.   In order to develop a long-term business model...

The Italian Competition Authority (AGCM), Italy's antitrust regulator, has fined six energy companies a total of more than €15.5 million for increasing consumer energy prices in spite of a law prohibiting the unilateral increase of gas and electricity prices. The AGCM claims that the businesses...

According to market research firm Rho Motion, sales of electric vehicles are still growing globally, with China posting record monthly sales in October even after incentives ended.   In 2022, China terminated an 11-year programme of subsidies for electric vehicle purchases; nevertheless,...

The owner of Cartier jewellery, Richemont, has issued a warning to consumers about the impact of economic concerns and geopolitical tensions on their purchasing. The company's shares fell 6% after it reported first-half profits that fell short of expectations.   The Swiss business, which...