December 01, 2022 | Daily Business Review
Swiss Say Its $8B of Frozen Russian Assets 'Fraction' of TotalThe Swiss government's decision to embrace European Union sanctions following Russia's invasion of Ukraine has been strongly criticized by the right-wing Swiss People's Party for sacrificing the country's historic neutrality for the sake of sanctions.
By Hugo Miller and Bastian Benrath
2 minute read
December 01, 2022 | Daily Business Review
Funds Betting on More US Dollar Pain After Brutal NovemberWhen institutional investors and leveraged funds become net sellers simultaneously, the market can take that as a signal that the dollar is headed for sustained sell-off.
By Naomi Tajitsu
4 minute read
December 01, 2022 | Daily Business Review
Ford Invests £150M to Boost EV Parts Output From UK PlantFord's moves provide a much-needed boost to an industry beset by years of Brexit uncertainty, pandemic disruptions and shortages of components.
By Stefan Nicola
2 minute read
December 01, 2022 | Daily Business Review
Barclays Fined £8 Million for Breaking Interchange Fee RuleBarclays failed to provide retailers with adequate transaction information, leaving thems unable to easily understand the fees associated with certain types of card payments.
By Aisha S. Gani
2 minute read
November 30, 2022 | Daily Business Review
Banks Devising Ways to ID Mass Shooters Before They StrikeSome conservative policymakers have said they're concerned lenders will use the data to create an unofficial list of firearm owners in the U.S., which certain government agencies are prohibited from doing.
By Jenny Surane
3 minute read
November 30, 2022 | Daily Business Review
Google Sued by 130,000 Alleged Victims of Its Ad DominanceGoogle and its parent company are accused of abusing their dominant position in online advertising and "earning super-profits for itself at the expense of the tens of thousands of publishers of websites and mobile apps in the U.K."
By Stephanie Bodoni
2 minute read
November 30, 2022 | Daily Business Review
Crypto Lenders' Woes Worsen as Bitcoin Miners Struggle to Repay DebtThe liquidity crunch hitting digital-asset markets after FTX failed comes as low Bitcoin prices, soaring energy costs and more competition weigh on miners.
By David Pan
4 minute read
November 30, 2022 | Daily Business Review
Mortgage Rates Drop to Lowest Level in More Than 2 MonthsThe real estate sector is especially susceptible to higher borrowing costs, and the rapid rise in mortgage rates sidelined many potential buyers this year.
By Augusta Saraiva
2 minute read
November 30, 2022 | Daily Business Review
Key Gauges of Economy Paint Mixed Third-Quarter PictureWhile the details showed resilient consumer spending and business investment, the biggest contributor to gross domestic product was the volatile net exports category.
By Reade Pickert
3 minute read
November 30, 2022 | Daily Business Review
Firms Slow Hiring and Wage Gains Moderate, ADP Data ShowThe payrolls data point to a more significant slowing in the labor market, which has so far been largely stubborn to cave under aggressive interest-rate hikes by the Federal Reserve.
By Augusta Saraiva
3 minute read
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