Newsletter
Chinese stocks sell off after Xi Jinping's show of force
Chinese stocks, popular with big fund managers, were hit by a dramatic sell-off after President Xi Jinping's third term was confirmed, causing billions of dollars in losses to those who held on to their portfolios. The Nasdaq Golden Dragon Index, which tracks …
Liz Truss resigns - battle for succession begins
Rishi Sunak, former Chancellor, has emerged as the first favorite to be prime minister after Liz Truss ended a 44-day tenure marred by economic and political turmoil. Truss' resignation made her the shortest-serving Prime Minister in British history. Her time …
ExxonMobil accuses Russia of 'expropriation'
ExxonMobil has pulled out of the country after the government "expropriated" its largest oil field in Russia, raising the possibility of a multi-billion dollar legal battle with the Kremlin.
Top Gun producer Skydance is valued at $4bn following investment led by KKR
Skydance Media, the Hollywood production company behind blockbuster Top Gun: Maverick, has received a $400 million cash injection led by KKR.
Deloitte UK affiliate salaries continue to rise above £1m
Deloitte's UK partners have made an average of £1,058,000 this year thanks to booming M&A advisory activity, but the boss of the Big Four has warned of "economic headwinds".
Glencore's trading partner in China is in a liquidity crisis
Mining giant Glencore is facing disruption at its largest partner in selling refined copper to the Chinese market as Maike Metals International, a powerful trading house, grapples with a liquidity crunch. The slowdown in China's economy and the downturn in the …
Ineos wants to develop oil and gas project in Denmark
Petrochemicals group Ineos is set to develop an oil and gas field in Denmark after the country approved such a project for the first time in years.
Vladimir Putin announces partial mobilization in support of invasion of Ukraine
In the run-up to the heavily staged referendums in four occupied regions of Ukraine, Vladimir Putin announced "partial mobilization".
South Korea imposes record privacy fines on Google and Meta
South Korea on Wednesday imposed record fines on Google and Facebook parent company Meta for violating privacy laws, amid growing concerns over a lack of protection of personal information in the hyper-digital society.
X1 Entertainment Group also trading in the USA since yesterday
X1 Entertainment Group (CSE: XONE - WKN: A3DXAS), a Canadian gaming and media portfolio company, became tradable on the OTCQB in the US yesterday (XOEEF). Mark Elfenbein, CEO of the company, said, "Listing on the OTCQB will provide easier access for U.S. …