Business

The British pound has been tanking versus the dollar. Here’s how low it could go, according to the pros

The British pound has been tanking versus the dollar. Here’s how low it could go, according to the pros

The British pound has slid against the U.S. dollar over the past year, hitting a 37-year low against the greenback last week — and it could weaken even further, according to analysts. Sterling hit $1.1403 on Wednesday — a level not seen since March 1985 — amid dollar strength and mounting concerns over the U.K’s …

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Exclusive: Biden to hit China with broader curbs on U.S. chip and tool exports

Exclusive: Biden to hit China with broader curbs on U.S. chip and tool exports

Semiconductor chips are seen on a circuit board of a computer in this illustration picture taken February 25, 2022. REUTERS/Florence Lo/Illustration/File Photo Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Sept 11(Reuters) – The Biden administration plans next month to broaden curbs on U.S shipments to China of semiconductors used for artificial intelligence …

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Shanghai, Mumbai, Melbourne and beyond: CNBC names the best Asia-Pacific hotels for business travel

Shanghai, Mumbai, Melbourne and beyond: CNBC names the best Asia-Pacific hotels for business travel

Business travelers are on the road again. So there’s no better time for CNBC Travel to name the best hotels for business travel across Asia-Pacific. CNBC joined with the market and consumer data firm Statista to produce rankings of the “Best Hotels for Business Travelers.” A second list of rankings for hotels in Europe and …

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Shanghai, Mumbai, Melbourne and beyond: CNBC names the best Asia-Pacific hotels for business travel

Shanghai, Mumbai, Melbourne and beyond: CNBC names the best Asia-Pacific hotels for business travel

Business travelers are on the road again. So there’s no better time for CNBC Travel to name the best hotels for business travel across Asia-Pacific. CNBC joined with the market and consumer data firm Statista to produce rankings of the “Best Hotels for Business Travelers.” A second list of rankings for hotels in Europe and …

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Cuadrilla

Why Europe Won’t Exploit Its Huge Gas Reserves | OilPrice.com

As energy prices continue to soar across Europe, with gas prices surging 26% on Monday after Russia stopped pumping via Nord Stream 1, the highly contentious fracking debate is now re-emerging on the continent, led by a new British prime minister with fossil fuels on her mind.  The European Union–which no longer includes the UK–plans …

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The Ethereum Merge Matters for Everyone in Crypto - Decrypt

The Ethereum Merge Matters for Everyone in Crypto – Decrypt

After years and years of delays, the Ethereum merge is upon us. The event formerly known as Ethereum 2.0, when the proof-of-work Ethereum mainnet will merge with the proof-of-stake beacon chain, could happen as soon as Tuesday. (If you want a tech-free analogy for normie friends, I like this charmingly nerdy one from the Ethereum …

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SL Green takes control of Park Ave. office tower from bankrupt China firm

SL Green takes control of Park Ave. office tower from bankrupt China firm

Pressing its campaign to establish a formidable East Midtown core, SL Green added another trophy to its burgeoning portfolio. The city’s largest commercial landlord purchased 245 Park Avenue out of bankruptcy in a deal that closed on Friday. SL Green’s unexpected, 100% acquisition of the 48-story, 1.8 million square-foot office tower climaxed a grueling battle …

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SL Green takes control of Park Ave. office tower from bankrupt China firm

SL Green takes control of Park Ave. office tower from bankrupt China firm

Pressing its campaign to establish a formidable East Midtown core, SL Green added another trophy to its burgeoning portfolio. The city’s largest commercial landlord purchased 245 Park Avenue out of bankruptcy in a deal that closed on Friday. SL Green’s unexpected, 100% acquisition of the 48-story, 1.8 million square-foot office tower climaxed a grueling battle …

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The wild card that could sink stocks: What investors need to know as the Fed unwinds liquidity that had helped fuel market gains

Stock-market wild card: What investors need to know as Fed shrinks balance sheet at faster pace

Quantitative easing is credited with juicing equity returns and boosting other speculative assets by flooding markets with liquidity as the Federal Reserve snapped up trillions of dollars in bonds after the financial crisis and amid the coronavirus pandemic. Investors and policy makers may be underestimating what happens as the tide goes out. “I don’t know …

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