Heineken NV took an €874 million ($949 million) impairment for the decline in valuation of its stake in the largest brewer in China as consumer spending in that key market and the US is under pressure. The Dutch brewer cited a decline in the valuation of its stake in China’s largest brewer, China Resources Beer […]
Heineken swallows $949 million charge as limping demand hits its Chinese business Read More »
Central banks worldwide have struggled over the last two years to find solutions to generationally high levels of inflation, hiking interest rates, and pushing their economies to the brink of recession. But according to the man behind a Swiss economy that reined in inflation a year ago, the answer could just come down to bringing
LONDON, ENGLAND, July 29th, 2024, Chainwire In a groundbreaking achievement, Cryptonica has proudly installed its 6,000th Crypto ATM, marking a significant milestone in the global accessibility of cryptocurrencies. This historic event underscores Cryptonica’s unwavering commitment to making digital currencies easily accessible to people worldwide. On July 6, 2024, new ATMs were unveiled in Kansas City,
Cryptocurrency for Everyone: Cryptonica Installs Its 6,000th Crypto ATM Read More »
Chinese-owned formerly British car brand MG has announced a surprising new battery warranty. It’s not just a few more years, but for the lifetime of the vehicle and unlimited miles. This has the potential to change the way consumers view EVs, tackling one of the main fears they have about needing an expensive battery replacement
MG’s lifetime battery warranty isn’t the holy grail for boosting EV ownership—yet Read More »
Any hopes that falling borrowing costs would stem the pain from the US office downturn were swept away this week. Deutsche Bank AG set aside more money for souring US commercial real estate loans, while a Blackstone Inc. mortgage trust slashed its dividend. New York Community Bancorp’s shares then plunged the most since the last bout of CRE-related
Don’t expect lower rates to save debt-burdened office buildings Read More »
Marvel is back on top with “Deadpool & Wolverine.” The comic-book movie made a staggering $205 million in its first weekend in North American theaters, according to studio estimates Sunday. It shattered the opening record for R-rated films previously held by the first “Deadpool” ($132 million) and notched a spot in the top 10 openings
Disney’s R-rated ‘Deadpool & Wolverine’ sets box office record Read More »
Apple Inc.’s upcoming artificial intelligence features will arrive later than anticipated, missing the initial launch of its upcoming iPhone and iPad software overhauls but giving the company more time to fix bugs. The company is planning to begin rolling out Apple Intelligence to customers as part of software updates coming by October, according to people
Bond traders who’ve set themselves up for gradual interest-rate cuts starting in September are ramping up side bets in case a sudden slide in the US economy forces the Federal Reserve to be even more aggressive. As Treasuries advance for a third-straight month, investors are fully pricing in at least two quarter-point rate reductions this
A super-sized Fed rate cut is becoming a more popular bet Read More »
Billionaire philanthropist Melinda French Gates is blazing her own trail after leaving the charitable foundation she started with ex-husband Bill Gates. Her exit raised questions about her approach to giving when it comes to her own organization, Pivotal Ventures, which is focused on advancing gender equality in the U.S. through philanthropy, investing, and advocacy. In
Melinda French Gates responds to Warren Buffett’s will and the debate in philanthropy Read More »
Dani Reiss was 27 when he took over his grandfather’s cold-weather clothing company, Canada Goose, in 2001. Much like the heirs of Arnault and Murdoch, Reiss assumed leadership of the $1.6 billion business decades ahead of the average worker. Such “nepo babies” or “nepo CEOs” are often underestimated when handed top jobs—a sentiment Reiss told
