Evergrande’s Fraud Scandal
China’s real estate giant, Evergrande, and its founder, Hui Ka Yan, are embroiled in a $78 billion fraud scandal.
Egypt’s Economic Boost
The World Bank announces a significant aid package exceeding $6 billion, contributing to the economic resurgence of Egypt.
Nvidia’s Latest Technological Advancement
Nvidia unveils the B200 AI chip at its annual developer conference, solidifying its position in the AI industry under the leadership of CEO Jensen Huang.
Record Profits in Commodity Trading
The global commodity trading industry celebrates a successful year with profits surpassing $100 billion, marking one of its best years on record.
EU-Philippines Free Trade Negotiations
After a seven-year hiatus, the European Union and the Philippines revive free trade negotiations to strengthen economic ties between the regions.
Apple’s Compliance with EU Regulations
Apple affirms its compliance with the European Union’s Digital Markets Act, addressing concerns about its closed ecosystem and regulatory requirements.
Debt Strategies for European Start-ups
European start-ups navigate complex debt deals to secure essential capital amidst a funding downturn in the venture capital landscape.
Fidelity International’s Workforce Reduction
Fidelity International plans layoffs in response to market challenges in China, aiming to reduce costs by letting go of around 20 employees from its main unit.
Nvidia’s Collaborations with Chinese Automakers
Nvidia expands its collaborations with Chinese automakers, strengthening its presence in the Chinese market.
IRS Workforce Expansion Plans
IRS Commissioner Danny Werfel outlines plans to increase the agency’s workforce to over 100,000 employees in the next three years to achieve modernization and service goals.
Ethiopia Bank Glitch
Over the weekend, Ethiopia’s largest commercial bank experienced a “systems glitch” allowing customers to withdraw millions, causing a brief disruption.
