The recent Adani controversy has brought the spotlight on the significant amount of money flowing through Mauritius. The Adani Group, an Indian multinational conglomerate, has been accused of using the offshore financial center of Mauritius to evade taxes in India. The controversy has led to calls for greater scrutiny...
Read moreGlobal investors are keeping a close eye on the potential consequences of US interest rates rising to 6%. After years of low US interest rates, The Federal Reserve has indicated that it may start to raise rates in response to rising inflation and a strong economic recovery. A 6%...
Read moreMorgan Stanley, one of the largest investment banks in the world, has recently released a guide for tech investors navigating the end of the current bear market and the beginning of the next bull market. The guide provides insights into the current market conditions and strategies for investors to...
Read moreAmazon, the world's largest online retailer, has announced its plans to close eight of its Go convenience stores, the latest effort in the company's ongoing campaign to reduce costs. The move comes as Amazon continues to shift its focus away from brick-and-mortar retail and toward other areas, such as...
Read moreEquities in Asia are on the rise, as investors appear to be optimistic about the prospects for economic growth in the region. However, this positive trend is tempered by China's decision to set a conservative goal for growth target. According to a report by Reuters, China's government is looking...
Read moreAfter President Biden's proposed Inflation Reduction Act (IRA), many companies are re-evaluating their investment plans in Europe. One notable company among them is Tesla, but they are not alone in this re-evaluation. The IRA is a sweeping infrastructure plan that seeks to invest $1.2 trillion in transportation, broadband, and...
Read moreJPMorgan has downgraded its rating on Nio, a leading Chinese electric vehicle maker, amid concerns that investor expectations for the company have become too high. The investment bank warned that the recent run-up in Nio's stock price has led to overblown expectations, while a recent earnings miss has added...
Read moreXiaomi, a major Chinese smartphone manufacturer, is known for producing high-quality devices at affordable prices. However, the company has set its sights on the premium smartphone manufacturer market with its latest release, the Xiaomi Mi 12 Ultra. Priced at $1,000, the Mi 12 Ultra is designed to compete with...
Read moreTesla, the electric vehicle company founded by Elon Musk, is requesting an additional $330 million in Nevada tax breaks from the state of Nevada. The request comes on top of the $1.3 billion in tax incentives that Tesla has already received from the state to build its Gigafactory in...
Read moreSalesforce, a leading customer relationship management (CRM) software provider, saw its shares jump by 16% after reporting better-than-expected forecasts for the coming year. The company's strong fourth-quarter earnings report, released on February 28, 2023, showed a significant increase in revenue and earnings per share (EPS). Salesforce stock reported Q4...
Read more
