Nissan and Renault have renewed their long-debated alliance. After months of negotiations, the Japanese carmaker and its French partner agreed on a cross-shareholding of 15 percent each. As part of the compromise, Renault reduces its stake in Nissan from around 43 percent and transfers around 28 percent to a trustee, as the French announced on Monday. In return, Nissan announced that it would take a stake in Renault's electric car subsidiary. The Japanese had felt dominated by the French for...
Tron founder Justin Sun says one of his main goals is to see TRX become an official payment method in five different countries by the end of 2023, and he believes one of the countries that will accept the asset may It's "China" his hometown. In a recent Twitter thread, Sun hoped that the Tron blockchain's token – TRX – would be accepted as legitimate money in "at least" five countries this year. where he posted the flags of Dominica...
The global economy will cope with the consequences of the war in Ukraine and the continued high inflation somewhat better than initially feared. This is not least due to the developments in China, according to the updated forecast of the International Monetary Fund (IMF) on the global economy on Tuesday.In its updated forecast, the IMF only expects global growth of 2.9 percent this year. That's 0.2 percentage points more than assumed in October - but compared to the past two...
Two people who helped former FTX CEO Sam Bankman-Fried with $250 million in bail may be identified next month. Following the recent ruling, U.S. District Judge Lewis Kaplan By filing the report on Jan. 30, Kaplan has authorized the names of the two individuals to be made public. However, there may be an appeal, which is due until Feb. 7. Bankman-Fried He was released from custody in December 2022 after two anonymous individuals signed a $250 million bond, along with...
According to the EU Commission, many online shops try to manipulate consumers with prohibited means and, for example, urge them to make purchasing decisions. A check by the Brussels authorities and the responsible authorities of 25 European countries revealed that 148 of the 399 websites examined used at least one manipulative tactic, the EU Commission announced on Monday. Retailers in the textile and electronics sectors, for example, were inspected last year. Accordingly, the online shops were examined for three manipulative...
A four-bedroom Victorian brownstone home in Washington, D.C., linked to former FTX CEO Sam Bankman-Frie, is on sale for $3.3 million. The home was purchased in April for the same amount by Guarding Against Pandemics, a nonprofit group founded by Bankman-Fried's brother Gabe. according to news reports The house, built in 2017, is located at 420 3rd St. NE and is described as a "small home." “The Entertainer's Dream Home” byhave4-burner gas fireplace, elevator, built-in wine cellar, located about a...
The ailing medical technology manufacturer Philips wants to increase profitability significantly in the coming years through further massive job cuts. The Dutch group, which has its German headquarters in Hamburg, has been under pressure for some time due to expensive problems with certain ventilators and has to save. Last year, the competitor posted a loss in the billions due to high provisions and write-downs in this area. In addition to the around 4,000 job cuts announced in October, 6,000 more...
Twitter is preparing for the necessary regulatory approvals to integrate payments into its platform. Including support for crypto in the future, as reported by the Financial Times. The social media platform is applying for a license. and design the necessary software to make payments to the platform. It's part of Elon Musk's drive to turn Twitter into a "super app," the FT said, citing people familiar with the company's plans. The payment will focus on fiat currencies “early,” according to...
Crypto exchange Binance and payment provider Mastercard are teaming up once again. to launch “Binance card” in Brazil Olá, Brasil! #Binance Card has just launched in Brazil – another step towards crypto adoption pic.twitter.com/UJRmpMhpbQ— Binance (@binance) January 30, 2023 This card will provide Binance users with a valid ID card. Can buy and pay with cryptocurrencies according to company disclosure “The card is part of an ongoing effort to develop bridges between existing financial services. and a growing crypto ecosystem,”...
Cautious optimism yes, general all-clear no: This is the conclusion reached by the International Monetary Fund (IMF) in its new quarterly global economic outlook, which the IMF presented in Singapore. In contrast to the previous quarters, the global economic outlook did not deteriorate any further this time, explained IMF chief economist Pierre-Olivier Gourinchas in a written statement distributed at the same time. "That's good news, but not enough. The road to a full recovery, with sustained growth, stable prices and...
