US regulators promise tougher oversight after two bank failures
Two of the largest US regulatory agencies, the Federal Reserve and the Federal Deposit Insurance Corp, have issued reports indicating the need for tighter...
BAT to pay $635m for violating US sanctions in North Korea
British American Tobacco (BAT) has agreed to pay $635m plus interest to US authorities after a subsidiary admitted selling cigarettes to North Korea in...
US job growth slows in March but unemployment remains low
The United States’ economic recovery slowed in March 2023, with employers adding 236,000 jobs, according to the Labor Department. This figure is fewer than...
RBI surprises markets by holding key repo rate steady
The Reserve Bank of India (RBI) has kept its key repo rate unchanged after six consecutive rate hikes, surprising the markets. The RBI stated...
Samsung to reduce chip production as profits hit 14-year low
Samsung Electronics, the South Korean tech giant, has revealed that it will reduce its chip production after experiencing its worst profit figures in almost...
