Business
Financial contagions can be triggered easily, if conditions are right. First one financial institution falls and then others follow, like a chain of falling dominoes.
Dec 22, 2022
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Business
Police in Estonia have arrested two men accused in a $575 million cryptocurrency fraud, U.S. authorities said Monday.
Nov 22, 2022
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Business
Just days after cryptocurrency's third-largest exchange collapsed, the public is starting to get an idea of how messy FTX's bankruptcy case could be. Other crypto firms are failing as a result of FTX's unraveling, events ...
Nov 16, 2022
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Business
The failure of the FTX platform has undermined investor confidence and threatened the young cryptocurrency sector, pushing its main players to mobilize to save it.
Nov 15, 2022
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Automotive
India's Tata Motors announced a seventh consecutive quarter of losses Wednesday as chip shortages and weak demand in export markets hurt sales.
Nov 9, 2022
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Business
Google announced plans Thursday to expand its cloud services infrastructure to Greece, promising to create nearly 20,000 jobs through direct investment and partnerships by the end of the decade.
Sep 29, 2022
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Business
Before Texas Instruments Inc. selected Sherman for a $30 billion expansion, the Dallas-based analog chip producer was packing its bags to leave.
Jul 18, 2022
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Business
Once a symbol of Japan's advanced technology and economic power, Toshiba has been rocked by turbulence in recent years.
Mar 1, 2022
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Business
Multinational conglomerate General Electric announced Tuesday it will split into three separate, publicly-traded companies in the latest move by the industrial giant to shore up its fortunes.
Nov 9, 2021
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Automotive
Mike Manley, the Fiat Chrysler chief who guided the Italian-American automaker's merger with PSA to form Stellantis, is stepping away, the company announced on Tuesday.
Sep 21, 2021
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The term financial crisis is applied broadly to a variety of situations in which some financial institutions or assets suddenly lose a large part of their value. In the 19th and early 20th centuries, many financial crises were associated with banking panics, and many recessions coincided with these panics. Other situations that are often called financial crises include stock market crashes and the bursting of other financial bubbles, currency crises, and sovereign defaults.
Many economists have offered theories about how financial crises develop and how they could be prevented. There is little consensus, however, and financial crises are still a regular occurrence around the world.
This text uses material from Wikipedia, licensed under CC BY-SA
