The Japanese government has passed an additional budget that would help the population with rising living costs and increase domestic investment. The new budget amounts to $88 billion.
Reuters has revealed to the world that the banking group Barclays intends to reduce costs by a total of $1.25 billion. Moreover, the bank could fire up to 2,000 employees.
The Governor of Bank of Japan Kazuo Ueda has revealed that he can't say with conviction that the central bank would achieve its 2% inflation target.
The Vice President of the German Bundesbank Claudia Buch has commented that the German financial sectors face upcoming challenges due to interest expenditures and weak loan demand.
The anti-obesity drug maker Novo Nordisk has revealed that it would invest additional $2.3 billion in France to increase production.
Core Consumer Price Index in Japan had increased in October, despite previously easing. The data indicates that inflation could accelerate and pressure the Bank of Japan to tighten monetary policy.
Reuters has reported that during the Chinese Singles Day sales Apple had experienced a decline in smartphone sales, compared to Xiaomi and Huawei.
The Chief Executive of Stellantis Carlos Tavares has announced that the company would increase its revenue targets for its recondition and recycling unit.
This week, Volkswagen has announced that it is hiking the salaries at the company's US factories by 11%. The company and other non-union car makers had come under scrutiny for not increasing wages.
In the aftermath of Binance Chief Changpeng Zhao pleading guilty to US authorities, the exchange has experienced outflows totalling $956 million.
The US University of Michigan consumer survey has revealed that most of United States consumers are expecting that inflation would increase, despite official data showing a decline in price increases.
Reuters has revealed that top Alibaba executives have been calming down staff over former CEOs sales of the company's shares.
The Canadian government has increased its spending and fiscal deficit to levels not expected by financial analysts, as the country intends to subsidize the housing market.
The chief of Binance Changpeng Zhao has announced that he would plead guilty to breaking US anti-money laundering laws and step down from his position. With the announcement, the US Justice Department is set to finalize its long lasting investigation of Binance.
Reuters has reported that the Chinese state banks have been buying up the Yuan for US Dollars to increase the value of the Chinese currency.
In the aftermath of the firing of the OpenAI CEO Sam Altman, a group of the company's stockholders have started to explore options to sue the board of the company.
The turmoil and outrage that was caused by the OpenAI board firing Sam Altman has forced the ChatGPT makers to rehire the Altman back as CEO.
After the US stock market closed on Tuesday, NVidia published the company's third quarter financial results. In general, the company has beaten expectations and even increased further outlook. However, concerns regarding future sales in Asia persist.
Reuters has reported that a recent surge in hybrid vehicle sales in China have created a new threat to non-domestic vehicle makers, as Chinese brands have emerged as winners in a recent price war.
The US Securities and Exchange Commission has sued the crypto exchange Kraken for failure to register with the regulator.
The United States auto safety regulators have started an investigation of KIA and Hyundai recalls of 6.4 million that had been done due to brake fluid leaks.
The Financial Time has reported that Blackstone is set to close its multi-strategy fund due to its assets dropping almost 90%.
Reuters has reported that employees of the Citigroup bank are expecting to get fired, as the bank starts a major reorganization.
Nearly 500 employees of OpenAI have sent a letter to the board pf the company threatening to quit and join the recently fired CEO Sam Altman at his new employer, Microsoft, unless the board resigns.