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Monday, December 5, 2022
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Central banks under stress as bond yields rise

The Bank of England (BoE) revealed measures taken to further ease the strain on pension funds. These decisions followed after increased pension fund stress...

SEC questions Twitter on method of calculating fake accounts

US securities regulators are questioning Twitter about how it calculates the number of fake accounts on its platform. The Securities and Exchange Commission in June...

Bitcoin Sees Another 7% Fall

Cryptocurrencies have had another sudden downturn with a fall on Friday plunging Bitcoin by a 7.7% fall to $21,404 making this a 3-week low....

Fuel price dips below four dollars in US for first time in five months

Fuel prices in the US dipped to just under the four dollar mark for the first time in more than five months. AAA said the...

Twitter posts $270 million quarterly loss as revenue slips

Twitter reported a quarterly loss on Friday as revenue slipped even as its number of users climbed. The social media company’s latest quarterly earnings figures...

European Central Bank vows to create backstop against market turmoil

The European Central Bank (ECB) has vowed to create an unspecified market backstop that could be used to buffer some countries against bond market...

Russia’s central bank cuts interest rates to pre-war level

Russia’s central bank cut interest rates back to their pre-war levels on Friday, saying inflation and economic activity were developing better than expected despite...

Journalists acquitted in Turkey over reports on currency crisis

A Turkish court on Friday acquitted two reporters for the US-based Bloomberg news agency who were accused of trying to undermine Turkey’s economic stability...

Twitter ‘in talks with Musk to buy platform’

Twitter’s board and Tesla chief executive Elon Musk negotiated into the early hours of Monday over his bid to buy the social media platform,...

Facebook owner suffers 26% plunge in share price

A historic plunge in the stock price of Facebook’s parent company has helped yank other tech stocks lower on Wall Street, abruptly ending a...

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