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As China steps into the role of globalization’s biggest supporter—a position vacated by the US since Donald Trump was elected on an “America First” platform—Europe is shifting its focus east. Last year, China unseated the US as Germany’s largest trading partner. An added insult: the US fell to third place, behind France, […]
The UK’s most-troubled bank is awash in red ink. Today, the Royal Bank of Scotland announced a loss of £7 billion ($8.8 billion) for 2016, more than triple its 2015 loss. The result extends the bank’s streak to nine consecutive years of losses, worth nearly £60 billion, or $75 billion.
Needless to say, […]
In what is becoming a familiar refrain, bitcoin is surging towards a record price. It’s trading at around $1,145 today, based on the CoinDesk Bitcoin Price Index, which puts it $20 off its all-time high of $1,165, achieved on Nov. 30, 2014.
Chatter in the markets is dominated by talk of a looming […]
The second-largest poultry company in the world announced today (Feb. 21) it would stop using antibiotics on its chickens by June 2017.
Tyson Foods, which slaughters more than 2.3 billion birds each year, made the announcement at a recent Consumer Analyst Group of New York conference in Boca Raton, Florida. The decision to end […]
Birender Sangwan’s parents wanted him to be a doctor.
For two years, Sangwan even prepared for the medical entrance examinations in India before finally giving up. “I was always scared of hospitals,” he said in an interview at his modest two-room office at New Delhi’s Rohini court complex. “I still get dizzy and feel […]
China’s central bank has stepped up oversight of bitcoin exchanges this year, leading major trading platforms to impose halts on withdrawals and other checks to appease the regulator. But Chinese traders aren’t playing along—they are apparently flocking to peer-to-peer marketplaces to continue buying and selling bitcoin.
One of the longest established peer-to-peer marketplaces […]
Two mammoth-sized food companies are toying with the idea of merging—a move that would upend the hierarchy of global consumer brands. If Unilever and Kraft Heinz come to an agreement, it would dethrone Nestlé as the world’s largest food company and bring under one roof hundreds of brands found in supermarkets everywhere.
Mix Heinz ketchup and Ben & Jerry’s ice cream together, and what do you get?
Kraft Heinz—which was created when Kraft, the US packaged foods giant, agreed to be bought by Heinz in 2015 in a $40 billion deal—now wants to to acquire the Anglo-Dutch consumer products giant Unilever, a marriage that, […]
Controversial speakers on American university campuses like Breitbart editor Milo Yiannopolous have been unerringly blunt, so far, in their provocation.
Martin Shkreli—the former Turing Pharmaceuticals CEO accused of jacking up prices on drugs for HIV and cancer patients and currently awaiting trial for securities fraud—opts for a more subtle approach.
Shkreli (often […]
Donald Trump has been president of the United States for less than a month. If the rest of his term is as chaotic as the past few weeks, the US, and the world, could be in for a wild ride.
But Charlie Munger, the 93-year-old vice chairman of Berkshire Hathaway, thinks everyone should […]
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