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Economy
Washington halts licences for US companies to export to Huawei
The Biden administration has stopped providing US companies with licences to export to Huawei as it moves towards imposing a total ban on the sale of American technology to the Chinese telecom equipment giant.Several people…
Live news: Blinken pleads with Israelis and Palestinians to ease tensions
Can we afford to be more optimistic about the future? The next seven days are beginning more positively for global geopolitics with a visit by Nato secretary-general Jens Stoltenberg to South Korea and Japan.He will travel from Seoul to…
Mongolia reels from impact of Russian sanctions
Russia’s full-scale invasion of Ukraine has hurt the Mongolian economy, its prime minister has said, claiming financial damage including the loss of airline revenues and difficulty in importing necessary supplies from Russia. Almost a…
Self-made millionaire: Here are 8 things rich people do differently that make them ‘ultra
It took me 20 years of trial and error before I achieved a multimillion-dollar net worth. Now, at 64, I draw income from the 18 companies I started and the 12,000 apartment units I own.But I wish I had known sooner how ultra wealthy…
Japanese firms step up intelligence gathering as US-China tensions mount
A growing number of Japanese businesses are strengthening their intelligence gathering as the country finds itself increasingly exposed to the mounting tensions between the US and China.Companies in sectors that have historically…
Are we headed toward a “polycrisis”? The buzzword of the moment, explained.
There is nothing that Davos loves more than a good buzzword, and in 2023 that buzzword was “polycrisis.”
The folks at this year’s World Economic Forum adopted the term after historian Adam Tooze popularized it in his inaugural…
Americans struggling to make car payments is highest since Great Recession
-->Autotrader.com executive editor Brian Moody argues a car sales decline coupled with rising inventory could ease prices. A growing number of Americans are falling behind on their car payments, an ominous sign for the U.S. economy as---->…
Wall Street is ignoring the Fed. That could be dangerous | CNN Business
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link.…
Bed Bath & Beyond can’t pay creditors, bankruptcy looms
-->FOX Business host Stuart Varney argues Biden's economic remarks are a 'distraction from his document fiasco.' Bed Bath & Beyond edged closer to bankruptcy with a dire financial disclosure. The domestic merchandise retailer---->…
Turkey unveils foreign currency scheme to prop up lira
Turkey has unveiled a new scheme to push exporters to hold less foreign currency as the government of Recep Tayyip Erdoğan steps up its battle to defend the lira ahead of this year’s elections. The country said on Thursday it…