Chinese authorities have now embarked on a mission to curb down on fake accounts and information and plans to conduct a critical evaluation of a host of online platforms in the country such as social media networks and video-sharing sites. This clampdown is a part of the wider aim of China to...

Prices of vehicles in the United States have gone through the roof because of shortages in the supply of vehicles compounded by continued high demand which is consequently expected to cause a drop in retail auto sales in the country in December, according to a report published by consultant firms...

Emergence of the omicron coronavirus strain in the past few weeks has pushed the number of infections in the US to record highs, disrupting holiday travel plans as well as forcing workers to leave offices and customers to refrain from visiting shops. Some areas of the economy have suffered, noting...

The South Korean authorities will release 3.17 million barrels from the state's oil reserves from next month to help stabilise fuel prices, KBS television reported, citing a government decision. According to the channel, the decision was taken on Thursday after the government consulted with local...

Nureddin Nebati, Turkey's Treasury and Finance Minister, has proposed new restrictions governing Turkish lira deposits indexed in foreign currencies, in order to protect the country's citizens from exchange rate volatility. The Turkish Central Bank will publish the exchange rate daily at 11:00 a.m....

China's lending benchmark credit prime rate (LPR) was slashed for the very first time in 20 months on Monday, in an effort to boost development in the stagnating economy. However, the economy's highly leveraged housing industry remains a concern.   The one-year LPR was cut by...

Saudi Arabia may lose credibility if it continues to alter the goal posts in terms of the amount of foreign investment it needs to realise its vision of a future beyond oil, according to financial sources and analysts.   Foreign direct investment (FDI) has fallen far short of objectives five...

Since the outbreak of the pandemic, DIY investing has exploded. This has caused traditional asset managers and banks in Britain to scramble to build or buy online platforms that allow consumers to have more control over their investment portfolios.   The'meme stock' frenzy, which saw...

US sportswear manufacturer Nike has acquired virtual sneakers and collectibles maker RTFKT, according to a company press release. "Nike, Inc. today announced the acquisition of RTFKT, a leading brand that uses cutting-edge innovation to create next-generation collectibles," the statement said. The...