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Nike Sues Maker Of Lil Nas X ‘Satan Shoes’
Nike is suing the art collective behind the Lil Nas X “Satan Shoes” that have sparked a social media backlash.…
Hyundai Motor To Suspend Some South Korea Output Due To Chip, Component Supply…
South Korea’s Hyundai Motor Co said on Tuesday it plans to temporarily suspend production at its Ulsan No.1 plant…
After Firing Turkey’s Cenbank Chief, Erdogan Also Removes Deputy
President Tayyip Erdogan removed a central bank deputy governor, Murat Cetinkaya, from his post on Tuesday, 10 days…
BMW Has Got Its Timing Right For Beefing Up Electric Cars: CEO
BMW has timed its shift to electric cars well and its upcoming products will upend the perception the German…
Oil Gains As Focus Switches To OPEC+ Extending Output Cuts
Oil prices rose on Tuesday as shipping traffic resumed through the Suez Canal after days on hold and focus turned…
SK Innovation Says May Pull Its Battery Business Out Of U.S.
South Korea’s SK Innovation Co Ltd said on Tuesday it is considering all options including pulling its battery…
Malaysia’s AirAsia Shares Slide After Record Quarterly Loss
Shares in AirAsia Group Bhd fell in morning trade on Tuesday, as analysts lowered earnings forecasts after the…
Real-Economy Stirrings Show U.S. Leaves Europe In The Dust
Real-time data on everything from sit-down restaurant meals to job hirings shows American business and consumers…
City Of London Says It Expects Bulk Of Workers To Return After Pandemic
The City of London financial district is likely to see most workers return to their offices after the coronavirus…
BOJ Warns Of Rising Credit Costs Among Financial Institutions
Japanese financial institutions have seen credit costs rise this fiscal year due to uncertainty over the business…
Lagos Accounts For 12.15% As States Debts Hit N4.2tn
The total states and Federal Capital Territory domestic debt profile hit N4.2tn with Lagos State accounting for…
China Bonds Set For Billions Of Inflows After Final FTSE WGBI Nod
Index provider FTSE Russell gave final approval on Monday for inclusion of Chinese sovereign bonds in its flagship…
Iran Rejects Ending 20% Enrichment Before U.S. Lifts Sanctions: State TV
- Iran will not stop its 20% uranium enrichment before the United States lifts all sanctions, Iranian state TV…
Apple Supplier Foxconn Fourth Quarter Profit Misses Estimates
Taiwan’s Foxconn, the world’s largest contract electronics maker which counts technology giants such as Apple Inc…
Japan Asks Taiwan Manufacturers To Cooperate In Chip Production
Japan has asked some Taiwanese manufacturers to cooperate in alternative production of semiconductors, industry…
Teamviewer In Five-Year Sponsorship Deal With Mercedes F1 And FE Teams
German software company Teamviewer said on Tuesday that it had struck a five-year sponsorship deal with the…
“She’s Free”: Traffic In Suez Canal Resumes After Stranded Ship…
Shipping traffic through Egypt’s Suez Canal resumed on Monday after a giant container ship which had been blocking…
Crypto Shadow Banking Explained And Why 12% Yields Are Common
A swathe of shadow banks in the $1.6 trillion cryptocurrency market have figured out how to generate returns of 12%…
Bitcoin Rises As Visa Moves To Approve Crypto USD Coin
Bitcoin (BTCUSD=X) prices climbed as much as 3% by late-morning in London on Monday following yet more news of…
Euro Set For Biggest Monthly Drop Since Mid-2019; Yen Shorts Grow
The euro languished below $1.18 on Monday as the prospect of tougher coronavirus curbs in France and Germany…
China Sanctions US, Canadian Citizens Over Criticism Of Treatment Of Uighurs
The European Union, Britain, Canada and the United States sanctioned several members of Xinjiang's political…
Exclusive: Visa Moves To Allow Payment Settlements Using Cryptocurrency
Visa Inc said on Monday it will allow the use of the cryptocurrency USD Coin to settle transactions on its payment…
China’s Yuan Fixing Once Again Draws Attention As Rally Falters
China’s daily yuan fixing is once more drawing attention. A bout of sudden weakness in the currency has traders…
U.K. Man Must Pay $571 Million Over Stolen Bitcoin, CFTC Says
A U.K. man accused of scamming consumers into sending him more than 20,000 Bitcoin has been ordered to pay $571…
Oil Gains As Shipping Remains At A Halt In The Suez Canal, But U.S. Prices Log A…
Crude-oil futures finished higher Friday as a 220,000 ton cargo ship blocked the Suez Canal for a fourth straight…
Deliveroo Narrows Price Range Ahead Of London Market Debut
Food delivery group Deliveroo has narrowed the price range on its initial public offering, ensuring its order books…
Futures Slip As Bank Stocks Fall On Hedge Fund Default Concerns
U.S. stock index futures dropped on Monday after Wall Street’s surge in the prior session as major lenders came…
US Not Ready To Lift Tariffs On China —Official
President Joe Biden’s new trade negotiator has said the United States is not yet ready to lift tariffs on Chinese…
Oil Falls On Hopes That Suez Canal Blockage Might End Soon
Oil fell on Monday as a container ship blocking Suez Canal for nearly a week was partially refloated raising hopes…
Toyota Presses Australia To Promote Roll-Out Of Hydrogen Fuel Stations
Toyota Motor Corp on Monday opened its first commercial hydrogen fuel pump site in the Australian state of…