China will reduce its banks' liquidity reserves at the start of next month to boost its struggling economy.
Industry
Paramount Joins Industry Trend Layoffs to Cut Operating Costs
Paramount CEO Bob Bakish announced job cuts, joining an industry trend of layoffs. Paramount CEO Bob Bakish announced staff layoffs on Thursday as part of a strategic effort to operate more efficiently and reduce expenses, according to a report by CNBC.
Uranium Prices Could Soar to Historical Highs as the World’s Largest Producer Warns of Production Shortfall
The world's largest uranium producer, Kazatomprom, is anticipating production issues over the next two years, which can trigger a price rise in uranium.
China Unveils New Strategy to Turn Hi-Tech Lab Innovations Into Globally Competitive Products
China has introduced a new strategy to transform domestic innovations into commercial products that can compete in the global market.
Microsoft Market Cap Crosses $3 Trillion, Briefly Surpasses Apple
Microsoft briefly achieved a market capitalization exceeding $3 trillion during intraday trading on Wednesday.
Latest News
Warren Buffett-backed BYD has seized the top position in China's car market, ending Volkswagen's 15-year reign.
US tech giant Apple has paid a fine of $13.65 million imposed by Russia's FAS antitrust agency for the company's alleged abuse of its dominant market position concerning in-app payments.
A top Apple analyst warned that Apple Vision Pro, which immediately sold out after preorders opened Friday, could face a downturn in demand.
Amer Sports, the maker of Wilson tennis rackets, is targeting an up to $8.7 billion valuation for its upcoming US initial public offering (IPO).
Terraform Labs, a stablecoin behind TerraUSD, filed for Chapter 11 bankruptcy in the United States on Sunday, Jan. 21. The move may allow them to execute their business plan.
Wendy's has chosen Kirk Tanner, a PepsiCo executive of 32 years, as its new CEO. Wendy's has chosen Kirk Tanner, a PepsiCo executive of 32 years, as its new Chief Executive Officer (CEO), effective February 5.
The administration of President Joe Biden has claimed credit for the strong retail sales numbers in December, saying, "That's Bidenomics at work."
The Warren Buffett-led conglomerate Berkshire Hathaway announced on Tuesday that it is buying the remaining 20% stake in the Pilot truck stop business of the Haslam family.
A new survey conducted ahead of the World Economic Forum's annual meeting this week revealed that businesses and governments are poorly managing and regulating new technologies.
