Commerzbank, a German financial institution, announced that it would suffer a 490 million euro ($471 million) loss in operating profit for the third quarter as a result of its Polish mBank unit booking additional provisions for its Swiss franc loans. The German lender stated that despite this, it still anticipated achieving its net profit goal…
On Monday, cryptocurrency prices hit new lows as a result of regulatory worries and a general investor reluctance to invest in risky assets due to impending interest rate increases. By market value, Bitcoin, the most valuable cryptocurrency, dropped about 5 per cent to a three-month low of $18,387. The second-largest cryptocurrency, Ether, fell 3 per…
A Dutch town has sued Twitter for spreading a conspiracy theory that it was once home to a ring of Satan-worshipping paedophiles. False reports that Bodegraven-Reeuwijk was the site of child abuse and murder in the 1980s were first spread by three men in 2020. The main instigator, who grew up in a town near…
Car owners and police departments across the United States are on high alert after a dangerous challenge involving young teens to steal specific cars off the street using a USB cord began to circulate on TikTok and other social media platforms. Certain makes and models of Kia and Hyundai cars from 2010 to 2021 that use…
Vaping company Juul Labs, which has become one of the top e-cigarette companies in the US, will pay $438.5 million to settle an investigation into its marketing to minors. Juul’s marketing is also constrained by the agreement with more than 30 states, for example by prohibiting the use of people under the age of 35…
As Russia’s war in Ukraine drags on, food prices stay persistently high, aggravating pressures from supply chain disruptions and climate change. According to Arif Husain, chief economist at the United Nations World Food Programme, the war has “put a lot of fuel on an already burning fire.” Ukraine is a significant producer of commodities like…
The finding of thousands of unreported private swimming pools in France has given French tax authorities with an unforeseen bonanza. More than 20,000 hidden pools were detected by means of an artificial intelligence (AI) experiment. According to French media, they have made around €10 million in revenue. Pools, which increase property value and must be…
Ryanair’s chief has revealed that the budget airline will no longer offer flights at rock-bottom costs due to the rising cost of fuel. The age of the €10 ticket, according to CEO Michael O’Leary, is ended. He told the BBC that the airline’s average cost would jump from from €40 last year to around €50…
Mexico has questioned Chinese fast fashion manufacturer Shein’s usage of traditional aspects from the Mayan indigenous population in the design of one of its clothes, causing the store to withdraw the piece from its website. Some aspects of Shein’s “Fan-Trim Top with Floral Print,” according to the Culture Ministry, were comparable to a traditional huipil…
Starbucks Corp is considering selling its UK assets as it confronts competition from upstart competitors, according to The Times, citing sources. According to the article, the coffee chain has engaged Houlihan Lokey Inc to solicit interest for its UK business, and the company has been competing with other coffee chains such as Pret A Manger,…
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