MarketsTop StoriesGlobal markets plunge as Fed mulls biggest rate rise in decadesGBO CorrespondentJune 15, 2022 GBO CorrespondentJune 15, 202201236 The Dow Jones Industrial Average tumbled 2.8%, the S&P 500 shed 3.9%, and the Nasdaq Composite plunged 4.7%.
BusinessTop StoriesMcDonald’s reopens in Russia with a new name, logoGBO CorrespondentJune 15, 2022June 15, 2022 GBO CorrespondentJune 15, 2022June 15, 202201671 The fast-food chain has been named Vkusno & tochka, reassuring Russians can still maintain a western lifestyle.
Asset ManagementTop StoriesTesla China cancels online hiring drive after Musk’s ‘super bad feeling’GBO CorrespondentJune 14, 2022June 14, 2022 GBO CorrespondentJune 14, 2022June 14, 202201166 The world's wealthiest man believes the US is already in recession.
TechnologyTop StoriesBig tech collects, sells unauthorized user data of US & EU netizens: StudyGBO CorrespondentJune 14, 2022 GBO CorrespondentJune 14, 202201077 An average European’s data is shared with advertisers 376 times daily.
TechnologyTop StoriesTwitter to reveal fake accounts data with MuskGBO CorrespondentJune 13, 2022 GBO CorrespondentJune 13, 202201197 Musk told Twitter that if the company fails to supply data on spam accounts, he may walk away from the $44 billion offer.
TelecomTop StoriesUK mobile operator raises call charge by 250%GBO CorrespondentJune 13, 2022June 13, 2022 GBO CorrespondentJune 13, 2022June 13, 202201255 Calls will go up from 10p a minute to 35p a minute, and texts from 10p to 15p.
EconomyTop StoriesCazoo to cut 750 jobs in UK & Europe amidst recession fearsGBO CorrespondentJune 10, 2022 GBO CorrespondentJune 10, 202201342 The company said business restructuring is necessary to protect earnings during difficult times.
Oil and GasTop StoriesFreeport LNG to shut down for three weeks, disrupting global energy marketsGBO CorrespondentJune 10, 2022 GBO CorrespondentJune 10, 202201190 It will likely impact European and Asian markets as well.
Banking and FinanceTop StoriesBiden nominee Michael Barr approved by Senate as Fed vice-chairmanGBO CorrespondentJune 9, 2022 GBO CorrespondentJune 9, 202201203 The Senate Banking Committee voted 17-7 on Wednesday to confirm Barr.
TechnologyTop StoriesApple redesigns iPhone lock screen, introduces ‘buy now, pay later’ featureGBO CorrespondentJune 9, 2022 GBO CorrespondentJune 9, 202201654 Consumers may avail four-month interest-free loan on purchases made with Apple Pay service.