businesspick

Goldman Sachs analysts have downgraded Britain’s economic outlook after Prime Minister Liz Truss removed Kwasi Kwarteng as chancellor and reversed a freeze in corporation tax, Bloomberg News reported on Sunday. …

Taiwan’s economy minister has drummed up new business worth T$30 billion ($940 million) in meetings with top executives at four major tech firms in California’s Silicon Valley, the ministry said …

The US Congress should give the Commodity Futures Trading Commission more powers to police cryptocurrency stablecoins to reduce risks to the financial system, Securities and Exchange Commission Chair Gary Gensler …

A newly discovered hacking group has attacked transportation and logistics companies in Ukraine and Poland with a novel kind of ransomware, Microsoft said in a blog post on Friday. The …

Alphabet (GOOGL.O) unit Google could face EU antitrust charges next year over its digital advertising business, putting the company at risk of its fourth fine in the EU of more …

U.S. President Joe Biden on Saturday criticized British Prime Minister Liz Truss’s original economic plan as a mistake and said he was not concerned about the strength of the soaring …

Creating a US central bank digital currency is likely not important to the long-term status of the US dollar, Federal Reserve Governor Christopher Waller said Friday. In a speech during …

Microsoft (MSFT.O) said Britain’s competition regulator had relied on objections from its rival Sony (6758.T) in referring its $69 billion Activision Blizzard deal to an in-depth inquiry, in particular “misplaced” …

Oil prices plummeted on Friday as global recession fears and weak oil demand, especially in China, outweighed support from a large cut to the OPEC+ supply target. Brent crude futures …

Saudi Arabia rejected as “not based on facts” statements criticising the kingdom after an OPEC+ decision last week to cut its oil production target despite U.S. objections, saying it serves …