Citigroup Inc. is undertaking significant adjustments to its operational and policy frameworks, announcing on Thursday a plan to reduce its technology workforce in China by approximately 3,500 employees as part of a broader global effort to streamline its tech operations. Concurrently, the Wall Street bank has reversed a controversial policy…
President Donald Trump has enacted a significant new travel ban, barring individuals from 12 predominantly Muslim-majority and African nations from entering the United States. This move, announced Wednesday, resurrects one of the most controversial policies from his first term and comes in the wake of a recent attack in Colorado…
The European Consumer Organisation (BEUC) has filed a formal complaint with EU authorities against Chinese fast fashion giant Shein, alleging that the company uses a series of manipulative digital marketing techniques of “dark” practices to influence consumer behaviour.The complaint, backed by 21 national watchdogs, claims these practices encourage overconsumption, mislead…
European stock markets commenced Thursday’s trading session with a cautiously optimistic tone, as major indices posted slight gains. Investor attention is squarely focused on the European Central Bank (ECB), which is widely anticipated to announce an interest rate cut later today, a move markets have been pricing in amidst a…
The EUR/USD exchange rate will be in the spotlight in the next two days as the European Central Bank (ECB) delivers its interest rate decision and the US publishes the latest nonfarm payrolls (NFP) data. It was trading at 1.1420, up from last month’s low of 1.1060. ECB interest rate decisionThe…
Laopu Gold Co.’s extraordinary stock surge is facing a test of durability. After soaring more than 2,300% since its June 2024 debut, the jewellery maker’s shares crossed the HK$1,000 mark — a rare feat that has now introduced a different kind of challenge: access.Despite the surge making Laopu the most…
The European Consumer Organisation (BEUC) has filed a formal complaint with EU authorities against Chinese fast fashion giant Shein, alleging that the company uses a series of manipulative digital marketing techniques of “dark” practices to influence consumer behaviour.The complaint, backed by 21 national watchdogs, claims these practices encourage overconsumption, mislead…
European stock markets commenced Thursday’s trading session with a cautiously optimistic tone, as major indices posted slight gains. Investor attention is squarely focused on the European Central Bank (ECB), which is widely anticipated to announce an interest rate cut later today, a move markets have been pricing in amidst a…
Laopu Gold Co.’s extraordinary stock surge is facing a test of durability. After soaring more than 2,300% since its June 2024 debut, the jewellery maker’s shares crossed the HK$1,000 mark — a rare feat that has now introduced a different kind of challenge: access.Despite the surge making Laopu the most…
In May, India witnessed its most significant drop in coal-fired electricity production in half a decade. This decline coincided with the first decrease in total power demand since August and a record surge in renewable energy output, according to a Reuters analysis, which quoted official data.Federal power grid regulator, Grid India’s…