According to the G20's Financial Stability Board, crypto businesses have no choice but to implement fundamental safety measures to stop explosions like those observed at FTX exchange and other crypto tragedies.   The G20 recommended that the FSB submit final recommendations on Monday...

The United States Federal Reserve is likely not going to stop hiking interest rates this month despite the fact that consumer prices in the United States increased modestly in June and marked their smallest annual increase in more than two years as inflation continued to decline.   In...

According to experts and industry data, the U.S. electric car market is expanding, but not quickly enough to prevent unsold EVs from piling up at some automakers' dealerships or to allow Tesla to escape new price cuts during the most recent quarter.   Price reductions and increasing...

According to a Invesco study of central banks and sovereign wealth funds, more nations are returning their gold holdings as insurance against the kind of sanctions the West has imposed on Russia.   The financial market collapse of last year resulted in significant losses for sovereign money...

Leading international automakers saw an increase in new car sales in the United States during the second quarter as a result of improved supply and high demand, suggesting that the impact of rising interest rates has not yet been felt in a significant way.   After the pandemic affected the...

According to a private sector survey released on Wednesday, China's services activity grew at the weakest rate in five months in June as weaker demand slowed the post-pandemic recovery's momentum.   The purchasing managers' index (PMI) for services from Caixin/S&P Global dropped to 53.9...

As weaker demand pinched margins, annual profits for China's industrial firms continued a double-digit slide in the first five months, bolstering hopes for additional governmental help to speed up the sluggish post-COVID economic recovery.   Adding to the 20.6% year-over-year decline in...

Though some participants were dissatisfied with the progress made to address the debt of poorer states, a Paris meeting to explore revamping the world's financial system achieved several notable victories that should tee up further action before climate talks later this year.   Around 40...

In an effort to speed up its sluggish auto sales growth, China proposed on Wednesday a 520 billion yuan ($72.3 billion) package of tax incentives over four years for electric vehicles (EVs) and other green cars.   While financial help was widely anticipated following an earlier government...

Chinese financial institutions have jumped on an austerity drive as Beijing seeks to close the wealth gap, slashing pay and bonuses, telling employees not to wear fancy clothes and watches to work, and reining in travel and entertainment costs.   The measures are being taken as government...

According to an investor presentation by owner Elon Musk and incoming Chief Executive Linda Yaccarino, Twitter aims to concentrate on video, creative, and commerce partnerships to revitalise the social media company's business outside of digital advertising.   According to a source familiar...