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Business
What if everything goes wrong at the same time?
For the world economy, 2022 has been a terrible year. The combined hits from Russia’s invasion of Ukraine, China’s Covid-19 lockdowns and property correction, and amped-up Federal Reserve tightening will take global growth for the year…
Local CEOs confident of business growth despite recession forecast
Despite an anticipated recession South African CEOs are already mitigating against expected risks with hopes of shaping business growth over the next few years.
This is according to KPMG’s 2022 CEO Outlook Survey, which examined 1 325…
Calgary-based Bitvo talks strength of regulations after FTX collapse
Breadcrumb Trail Links News Local News Local Business Business FTX, based in the Bahamas, fell victim to an unregulated market This photo illustration shows the logo of cryptocurrency FTX, reflected in its…
Michael Burry reveals new stock bets after previously dumping entire portfolio
Wall Street doomsayer Michael Burry scooped up a handful of select companies – months after the hedge fund titan dumped his entire stock portfolio.
Burry, whose bet against subprime mortgages was famously…
Tyson Foods exec apologizes to investors after drunken trespassing bust
The Tyson Foods executive who was arrested for public intoxication and trespassing when he allegedly passed out drunk in the home of a woman he did not know apologized to investors during a company conference…
How World Economic Forum, others are hiding past ties with FTX
The shocking implosion of the FTX crypto exchange has become an embarrassment for a who’s who among global elites, with some issuing mea culpas — and others apparently scrambling to hide their ties to its…
Elon Musk complains about his brutal work schedule: ‘I torture myself’
Elon Musk grumbled Monday about his grueling daily workload after adding a new role as CEO of Twitter to his already lengthy list of C-suite positions.
A tired-sounding Musk revealed he has essentially worked…
Pace of interest rate hikes can slow soon
The Federal Reserve may soon reduce the pace of its interest rates hikes, Fed Vice Chair Lael Brainard said Monday.
“I think it will probably be appropriate soon to move to a slower pace of increases, but I…
Larry Summers likens FTX collapse to Enron: ‘Whiffs of fraud’
Former Treasury Secretary Larry Summers likened the swift collapse of Sam Bankman-Fried’s crypto trading platform FTX to the infamous Enron scandal of more than 20 years ago, saying that both involved cases where…
Google to pay $400M to settle location-tracking suit: report
Alphabet’s Google will pay about $400 million to settle a complaint brought by a group of states over allegations the search and advertising giant illegally tracked users’ locations, two people familiar with the…