Chinese tech giants lose 260 billion in stock in two days – Markets

The tech giants in China have already lost almost $ 260 billion in market value in the past two days after Beijing moved forward with legislation to limit the growing power of these companies. Alibaba, Tencent,, Meituan and Xiaomi all slide up to 8%, after sinking in the previous session. Alibaba lost 9.80% to […]

Crisis in Turkey: Family row in Erdogan’s house

AIf the Turkish President Recep Tayyip Erdogan had not had enough to do with his many foreign and economic policy crises, there have been personnel policy turbulence since the weekend: completely unexpectedly, Finance Minister Berat Albayrak resigned on Sunday evening. The way it was advertised was also unusual: on Instagram. The forty-two year old gave […]

Shed and Vessel: A Visit to Hudson Yards in New York

ET’s not proper, it’s basically crude to find the Hudson Yards in New York cool or even acceptable. The Hudson Yards – that’s an area of ‚Äč‚Äčabout eleven hectares on the west side of Manhattan, not far from Penn Station, where there was actually nothing until yesterday. To be more precise, there were Long Island […]

Big Apple: The man who reinvented New York for a dollar

AFrom European history we know the phenomenon of enlightened absolutism. In the 18th century, monarchs like Joseph II introduced progressive reforms in the Austro-Hungarian monarchy: arbitrary rule was to be ended, religious tolerance was to be encouraged. No more torture, no more witch trials – instead an expansion of the bureaucracy and compulsory schooling. The […]

Buffett has invested in Japan and Hunger is a bigger killer than coronavirus

Buffett’s bet on Japan Billionaire Warren Buffett’s Berkshire Hathaway has released details of its further investments. In the last 12 months, it has purchased roughly 5% stakes in the five largest Japanese trading companies, Itochu, Marubeni, Mitsubishi, Mitsui & Co. and Sumitomo. The total value of the investment exceeded six billion dollars after the shares […]

Michael Bloomberg investiert in Scalable Capital

WFor a long time Scalable Capital, the leading digital asset manager in Germany, had to keep still, but now it has come out due to an entry in the commercial register: The previously kept secret investor is the British private equity firm Hedosophia, Michael Bloomberg, the former Mayor of New York and founder of the […]

Bond traders are already getting ready for an upcoming Argentine default

Related news In the coming weeks, if all goes according to plan, the Argentine authorities will put the final touches on a bond restructuring agreement and they will put an end to the ninth default in the country’s history. The Bond traders are already preparing for the 10th default. They refuse to raise the value […]