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Business Maverick: UK economy 4% smaller because of Brexit, says Office for Budget ResponsibilityLeaving the European Union had an impact on the UK economy equivalent to the coronavirus pandemic and likely reduced output by 4%, the chairman of the Office for Budget Responsibility told the BBC.
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Business Maverick: Investors brace for another week of volatility as Mad March endsGlobal financial markets are poised for another week of volatility, as traders close out a dizzying month in which worries about US and European lenders dominated sentiment and complicated central banks’ fight against inflation.
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Business Maverick: US equity futures advance, currencies fluctuate: markets wrapUS and European share futures climbed while a benchmark of Asian stocks fell in cautious trading as investors weighed the risk of recession and its impact on interest rates. Major currencies fluctuated in narrow ranges.
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Business Maverick: Botswana Tests De Beers Pact by Buying Stake in Gem TraderBotswana will acquire a 24% stake in Belgian gem trader HB Antwerp, in a deal that could challenge the southern African nation’s 50-year partnership with De Beers. Brilliant pu the mines in the hands of African Governments.. what could go wrong Pavlov :-(
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Business Maverick: Binance and Its CEO Sued by CFTC Over US Regulatory ViolationsBinance Holdings Ltd., the world’s largest cryptocurrency exchange, and Chief Executive Officer Changpeng Zhao were sued by the US Commodity Futures Trading Commission for allegedly breaking derivatives rules.
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Business Maverick: First Citizens to Buy SVB After Biggest Failure Since 2008First Citizens BancShares Inc. agreed to buy Silicon Valley Bank after a run on deposits wiped out the company in the biggest US bank failure in more than a decade.
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