Article content COLOMBO — Sri Lanka’s decision to raise interest rates shows the crisis-hit country’s commitment to reducing inflation quickly towards single-digit levels, the International Monetary Fund (IMF) said on Saturday. In a surprise move, the South Asia nation’s central bank raised rates by 100 basis points on Friday to battle inflation, which is at […]
Breadcrumb Trail Links PMN Technology PMN Business Author of the article: Reuters Alexandra Alper Published Mar 03, 2023 • 3 minute read Join the conversation Article content WASHINGTON — U.S. chipmaker Nvidia Corp’s plans to sell technology to China’s Huawei would be thwarted if the U.S. government proceeds with a proposal to further restrict shipments […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Jessie Pang Published Mar 03, 2023 • Last updated 3 hours ago • 2 minute read Join the conversation Article content HONG KONG — Three former members of a Hong Kong group that organized annual vigils to mark China’s 1989 Tiananmen Square crackdown, were found guilty […]
Several UK banks have restricted their customers from buying crypto assets as concern grows about the risks posed by digital currency to customers. In an email to customers earlier this week, Nationwide said it would not allow payments to crypto exchanges using its credit cards and would impose a £5,000 daily limit on current account […]
Octopus Energy has hit back at the energy firms challenging its takeover of Bulb Energy, with the supplier’s lawyer arguing in court today that the company was simply more “nimble” and “saw an opportunity that others missed” in its deal-making with the government. Its lawyer argued that the rival suppliers were not concerned about how […]