The Nikkei 225 in Japan experienced a substantial 3% decline, signaling a continuation of its six-day losing streak. This led to significant losses among Asian indexes as a whole, following a sharp downturn in the Wall Street market. SoftBank Group, a major player in the Nikkei index, saw a dramatic 9% drop, while Renesas Electronics
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The Crown Estate, a key source of funding for the British monarchy, saw profits soar by 148% in the 2023-24 fiscal year, reaching an impressive £1.1 billion. This substantial increase in profits has paved the way for a significant rise in the taxpayer-funded Sovereign Grant, which supports the official duties of King Charles III and
Wiz, a cloud security startup, recently made headlines by turning down a staggering $23 billion acquisition offer from Google. This decision surprised many, as it would have been the largest-ever deal for the tech giant. Instead of accepting Google’s offer, Wiz announced that it would focus on pursuing its original plan of going public through
Asia-Pacific markets experienced a significant downturn on Monday following news that U.S. President Joe Biden had withdrawn from the presidential race and endorsed Vice President Kamala Harris as the Democratic nominee. The situation was further aggravated by China’s central bank unexpectedly cutting rates, significantly impacting market sentiment. The short term 7-day reverse repurchase rate was
In recent years, Berkshire Hathaway has been actively engaged in buyback programs, with Warren Buffett leading the charge. The company has repurchased a significant amount of shares, totaling nearly $75 billion in the last five and a half years. These buybacks have aimed to reward long-term shareholders and maximize shareholder value over time. Warren Buffett
As the world is still grappling with the aftermath of the massive business and travel disruptions caused by a faulty software update from cybersecurity firm CrowdStrike, malicious actors are taking advantage of the situation. There has been a surge in phishing schemes where these malicious actors are posing as CrowdStrike employees or other tech specialists
An update by cybersecurity firm CrowdStrike led to a major outage on Friday, affecting businesses globally. The company is currently in the process of rolling back the update that caused the issue. While the outage is not believed to be the result of a hack or any malicious action, it has caused widespread reports of
Germany is facing a significant cut in the funds dedicated to supporting partner states in the areas of security, defense, and stabilization based on the draft of the country’s 2025 budget. The allocation for partner countries is set to decrease to 4 billion euros in 2025, a notable drop from the 7.5 billion euros allocated
Former U.S. President Donald Trump recently made headlines with his remarks regarding Taiwan’s role in paying for its defense against potential Chinese aggression. In an interview with Bloomberg Businessweek, Trump suggested that Taiwan should pay the U.S. for defense, likening the relationship to that of an insurance company. This controversial stance has sparked debate and
Former President Donald Trump made a grand entrance at the Republican National Convention in Milwaukee. Despite wearing a bandage over his right ear, he appeared to be in good spirits as he greeted the crowd with waves and cheers of “Fight! Fight! Fight!” from the audience. Alongside Trump was his newly chosen vice presidential pick,