More than two in five recent buy now, pay later (BNPL) shoppers relied on credit cards or other forms of borrowing to pay off what they owed, the charity Citizens Advice has said. It said the figures showed that shoppers are “piling borrowing on top of borrowing” and underlined the urgent need for BNPL to […]
The yen trades around the lowest in 20 years against the dollar. Rising US yields on expectations of aggressive tightening by the Federal Reserve reaffirmed policy divergence with the Bank of Japan. Ruth Carson reports on Bloomberg Television.
China is rejecting Australia’s claims that one of it jet acted dangerously when flying close to an Australian surveillance aircraft over the South China Sea. Paul Allen reports on Bloomberg Television.
With the capital markets regulator now taking a closer look at the disclosures made by startups, several of these new age tech companies (NATC) could see their initial public offerings (IPOs) delayed. The Securities and Exchange Board of India (Sebi) is believed to have called for more details on the key performance indicators (KPI) being put out […]
SINGAPORE — Oil prices edged up on Wednesday ahead of data on U.S. oil inventories, with crude futures supported by tight supplies and recovering fuel demand as China’s top cities relax COVID-19 curbs. Read More
Adding a new twist to its ongoing spat with Future Group, e-commerce major Amazon has warned its promoters against sale of the company’s supply chain and logistics businesses to Reliance Industries (RIL) in a fresh transaction. In a letter addressed to Kishore Biyani and other family members who are classified as promoters, Amazon has said […]
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Chinese carmaker Geely already rivals Elon Musk’s Tesla in the EV space, now they’re taking on his SpaceX business in the satellite race. Nine satellites belonging to Geely subsidiary Geespace were launched last week. Geespace CEO Tony Wang spoke exclusively to Bloomberg News’ John Liu about how his satellites can contribute to the development of […]