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Money

Retailer Gome struggles to survive China’s online revolution

Financial Times | Aug 27, 2022 at 12:00 AM

…“But I gradually turned to ecommerce sites in the early 2010s when I got my e- bank account”….

3M loses attempt to halt thousands of earplugs lawsuits

Financial Times | Aug 26, 2022 at 11:19 PM

…implications for other such cases and potentially slow the trend towards non- bank rupt companies from using bank ruptcy courts to avoid liabilities. Carl Tobias, professor of…

National Bank of Ukraine sells more than $430 mln from reserves from August 22 to 26

TASS Russian News Agency | Aug 26, 2022 at 11:02 PM

The publication notes that since the beginning of August, the NBU has been selling significantly more foreign currency from reserves than it acquires.

Michael Heizer, ‘City’ and the majesty of madness

Financial Times | Aug 26, 2022 at 11:00 PM

…taken Heizer 50 years and cost $40mn in funds, donations and self- finance d earnings. According to its creator, the work is still not officially complete…

Oxford’s £6bn endowment fund hit by staff exodus

Financial Times | Aug 26, 2022 at 10:00 PM

…The endowment, whose board is stacked with luminaries from the worlds of business and finance , has been run by Robertson since it was founded….

UK households to be hit by 80% rise in energy bills

Financial Times | Aug 26, 2022 at 9:36 PM

…With poorer households hit hardest by energy prices because gas and electricity account for a larger share of their expenditure, the Joseph Rowntree Foundation, a think-tank, said the finances of some single…

Russian indices in the green by close of business on Friday – market data

TASS Russian News Agency | Aug 26, 2022 at 8:33 PM

Russian stock market indices were in the green on Friday.

Treasury watchdog readies UK economic forecast for emergency budget

Financial Times | Aug 26, 2022 at 7:44 PM

…publish an up-to-date forecast for the UK economy and public finance s by the middle of next month, in time for an emergency budget…

Bitcoin’s Hashrate Skyrockets, Block Intervals Suggest a ‘Notable’ Difficulty Increase Is in the Cards

Bitcoin.com | Aug 26, 2022 at 7:30 PM

The leading crypto asset has still shed more than 9% against the U.S. dollar during the last two weeks.

Ukraine: the $10bn steel plant at the heart of Russia’s economic warfare

Financial Times | Aug 26, 2022 at 7:00 PM

…The central bank has devalued the currency, the hryvnia, by 25 per cent and is printing more to buy government debt, tipping inflation to over 20 per cent….

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