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Business Maverick: Twitter faces more legal fallout over worker firings under MuskTwitter is facing new legal fallout from mass layoffs under Elon Musk’s management, including complaints from some workers that severance payments are less than promised and from other employees that the company retaliated against them for exercising protected labour rights.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Asian stocks mixed with focus on Fed, China Covid: markets wrapAsian stocks were mixed on Tuesday as investors weighed unexpectedly strong US services data and China’s accelerated moves toward exiting its Covid-Zero policy.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Tech Stocks Drive Selloff as Bank CEOs Sound Alarm: Markets WrapStocks slumped after downbeat economic warnings from bank chiefs at a time when concern about the impacts of Federal Reserve policy on corporate earnings is running rampant.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: The Developing World Is Facing a $2.5 Trillion Debt ShockDeveloping nations may need to find as much as $2.5 trillion over five years to meet external debt-service costs as interest rates rise and poorer countries struggle to refinance borrowings, a Finance for Development Lab model shows.
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Business Maverick: Oil Halts Losses as China Covid Shift Reduces Demand ConcernsAfter three days of big losses, the oil market is finally taking a bit of a breather. Prices drifted within little changed territory as traders took a pause to assess whether further signs of China’s economy reopening could help support demand. I have lost so much through investing cause I was new and didn't meet the right account manager to invest with. I was at the verge of quitting till I was introduced to JamesAlderson0 and my story changed. its worth a try I can testify this platform. JamesAlderson0
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Business Maverick: Cryptos Are the ‘Bubble of a Generation,’ ECB’s Panetta SaysCrypto-assets that promised radical change in how people pay, save and invest have turned into the “bubble of a generation,” highlighting the need for stricter regulation and risk management, according to European Central Bank Executive Board member Fabio Panetta. Why? You played the roulette wheel on an “investment “ and you lost. Regulation will not change the way it was run. Not everything needs regulations
Source: dailymaverick - 🏆 3. / 84 Read more »