A consortium of investors including Blackstone Inc. and Thomson Reuters Corp. sold £2.7 billion ($3.4 billion) worth of

Vietnam’s northern province of Bac Giang, home to suppliers for Apple Inc. and other global electronics companies, promises

Multiple airlines have canceled flights in and out of Tel Aviv, home to Israel's largest international airport, after Israel formally declared war on Hamas.

CORTE MADERA, Calif.--(BUSINESS WIRE)--Jun 9, 2023--

Bitcoin’s price has crashed dramatically, amid what seems to be a broader worry in the financial markets. The world’s biggest cryptocurrency has fallen more than 7 per cent over the last 24 hours, and almost 12 per cent in the last week. Other large digital currencies saw similar falls, though not as stark. Ethereum, the second biggest cryptocurrency by market cap, has lost around 10 per cent of its value in the last week. The troubles mean that the crypto market as a whole is down 5.7 per cent over the last 24 hours, according to tracking website Coinmarketcap. Trading volumes increased sharply, too, and were up almost 80 per cent over the last 24 hours. Thursday’s drop in the price of the cryptocurrency was the biggest one day fall since November 2022. That happened when large exchange FTX collapsed, sending shockwaves through the crypto markets and leading to widespread fears. This time around, there was no obvious connection to events in the cryptocurrency market. Instead, investors seemed concern about the economy more generally, and more traditional assets were also hit by falls in recent days. Wall Street’s main indexes fell on Friday, extending declines to the fourth session on a drag from megacap growth stocks, as evidence of a resilient U.S. economy fanned fears of interest rates staying higher for longer. The three main US stock indexes are on track for sharp weekly losses as a spate of strong economic data, including a fall in weekly jobless claims, caused investors to dial back expectations of rate cuts and drove up government bond yields. The yield on the 10-year Treasury note hit a ten-month high of 4.328 per cent in the previous session and came within a whisker of its highest level since 2007. “The drivers really have been of late the rising Treasury yields and that is signaling a more risk-off investor sentiment,” said Art Hogan, chief market strategist at B Riley Wealth. “Investors are looking at (better-than-expected economic data) and saying the Fed likely isn’t restrictive enough yet.” Traders see a nearly 91% chance of the Fed holding rates at current levels at its September meeting, according to the CME Group’s FedWatch tool. On Friday, rate-sensitive big technology and growth stocks such as Apple, Microsoft, Tesla and Nvidia slipped between 0.7% and 2.8% even as Treasury yields took a breather. The communication services and technology sectors housing major growth stocks fell 1.6% and 1.0% respectively. The tech-heavy Nasdaq hit an over two-month low and is set to post the biggest weekly declines of the three major indices, down 3 per cent so far. The CBOE volatility index hit its highest in nearly three months, reflecting rising investor anxiety. Additional reporting by Reuters Read More How bad is bitcoin for the environment really? Crypto experts discuss bitcoin price predictions What is Solana? The crypto rising 200-times faster than bitcoin Bitcoin’s price is crashing dramatically PayPal launches dollar-backed cryptocurrency World’s first ‘superfast’ battery offers 400km range from 10 mins charge

KORTRIJK, Belgium--(BUSINESS WIRE)--Jun 15, 2023--

BARCELONA, Spain--(BUSINESS WIRE)--Sep 12, 2023--

A far-right election victory and the likelihood of tricky coalition talks have put Dutch businesses on edge about

Beijing is poised to implement sweeping new regulations for artificial intelligence services this week, trying to balance state

TikTok owner ByteDance Ltd. urged European Union judges to suspend a decision by regulators to force the video-sharing

Germany fell into a recession around the turn of the year, official figures published Thursday showed, as inflation and higher interest rates curbed...

Britain’s financial regulator has fined the American former chief executive of Barclays, Jes Staley, 1.8 million pounds — about $2.2 million — and banned him from holding senior financial roles for misleading it over the nature of his relationship with the late sex offender Jeffrey Epstein