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7 Interesting Facts about Credit Suisse
As Credit Suisse one of the largest Swiss bank made headlines this week by being on the brink of bankruptcy, you might be interested to know some very important facts about the bank itself 1) Founded in 1856 it was established in 1856 which makes it 166 years ago. Initially, it was founded to fund…
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Elon Musk Proposes to Buy Twitter again
Elon Musk the famous tech billionaire has proposed to buy Twitter at the original price of $54.20 per share. Few credible sources reported that Elon despite having a conflict previously with Twitter has offered to buy Twitter again. Embed from Getty Images Previously Elon had backed out of the deal claiming that Twitter had misled…
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Common charging cable in EU from 2024
European Union Parliament has approved a bill stating the use of common charging cable for all the portable devices. All the manufacturers of portable devices from 2024 onwards will have to produce USB-C cables to comply with this law. This law will cover small and medium size portable devices from hand held devices to laptops…
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Price of containers across pacific decreased dramatically
Ocean carriers are canceling dozens of sailings on the world’s busiest routes. This is generally considered peak time for the cargo ships to transport goods. However, the decreasing demand in Europe and US due to rising prices have contributed significantly to these cancelling sailings. Price of shipping a container last year around the same time…
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World is on the brink of recession – UN
UN recently published a report which states clear warning signs of world heading towards recession. Monetary policies in developed conuntries like US, UK and EU could further push the respective countries in a recession. In recent weeks US Fed has announced an interest hike. While the interest rates certainly help to counter the inflation but…
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Kim Kardashian charged for pumping Crypto
Famous celebrity Kim Kardashian is being charged by US SEC (Securities and Exchange Commission) for “unlawfully touting” a “crypto security”. She is accused of being in violation of rules of promoting a specific crypto asset in link with EthereumMax. She was paid for promoting that crypto asset and she sold it after the pump. Kim…
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Elon Musk proposes poll for Ukraine Russia Crisis
Seems like tech billionaire found a solution for ongoing war. Elon Musk, Tesla founder has started a poll on twitter asking people to vote on the various options. With option of Peace deal, he has suggested to redo election in Donbas region which was recently annexed by Russia, Crimea to become formally part of Russia,…
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Twitter introduces TikTok style videos
After the tremendous success ever lasting scroll videos introduced by TikTok, Twitter has recently announced in a blog post introduction of ‘immersive videos’. Essentially they are going to transform video player to be facebook style, once you are in full-screen video mode, scrolling up will continue the next videos. TikTok style vidoes have previously been…
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How bad is the German Energy Crisis? – A different perspective
A lot of people don’t really realize that Germany’s energy crisis is so bad it threatens the country’s future as a prosperous country. Let’s see how? Germany has a very well-established social welfare system and provides pretty generous subsidies for the arts and many such areas. A lot of money is spent on free education…
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Credit Suisse at the brink of Bankruptcy?
$600 Billion: What Lehman Brothers held in assets when they crashed and took the economy with them. $2800 Billion: What Credit Suisse and Deutsche Bank control in AUM. 4.6x more. Credit Suisse is at a ‘Critical Moment’ now, says the CEO. What lies in store for the world? The stocks of both banks have suffered…