Germany’s Commerzbank Will Suffer A 490 Mln Euro Q3 Loss Due To Its mBank Unit

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…

A Rate Hike Risk Causes Cryptos To Squeak As Bitcoin Drops Below $19,000

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…

TikTok Challenge Causes An Increase In Car Thefts Of Kia And Hyundai Vehicles

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…

According To The UN, The Global Food Crisis Is Really About Affordability, Not Availability

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…