BIS

Central Bank Pushback Intensifies Against BIS Innovation Hub Initiatives

23 hours ago

As the world’s central banks grapple with the rapid pace of digital innovation, a notable backlash has emerged against the Bank for International Settlements (BIS) Innovation Hub. This initiative, aimed at fostering the development of new financial technologies and central bank digital currencies (CBDCs), is facing increasing scrutiny and resistance from various national authorities. Critics argue that the BIS’s approach may undermine their monetary policies and regional financial stability.

Cannabis Cocktails: The New Wave of THC-Infused Non-Alcoholic Drinks

1 day ago

In recent months, the beverage industry has witnessed a remarkable transformation, with a noticeable shift towards THC-infused non-alcoholic drinks, popularly referred to as cannabis cocktails. As more consumers turn to alternatives that offer the enjoyment of social drinking without the effects of alcohol, these innovative beverages have swiftly gained traction in various markets.

Mitsubishi Corporation Exits China Metal Trading Amid Copper Fraud Scandal

1 day ago

Mitsubishi Corporation, one of Japan's largest trading houses, has decided to withdraw from its metal trading operations in China following a significant fraud incident involving copper. This development marks a pivotal change in the company's approach to its business in one of the world's largest markets for metals.

Surge in At-the-Market Stock Sales: MicroStrategy and Tilray Lead the Charge

1 month ago

In a significant turn of events within the financial markets, several companies have seized the opportunity to engage in robust at-the-market (ATM) stock sales. Notably, MicroStrategy Inc. and Tilray Brands, Inc. are at the forefront of this surge, leveraging the favorable market conditions to bolster their capital reserves.

Mitsubishi Corp Faces Major Financial Blow Amid Suspected Metal Fraud in China

1 month ago

Mitsubishi Corporation, one of Japan's leading trading firms, has recently reported a staggering loss of approximately $90 million due to potential fraudulent activities tied to metal trading in China. This alarming revelation comes as the company grapples with serious allegations regarding the integrity of its metal procurement processes within the region.

UK Private Sector Faces Crisis as Business Tax Burdens Soar, CBI Survey Reveals

1 month ago

The UK private sector is currently experiencing a tumultuous period as businesses grapple with unprecedented tax increases. According to a recent survey conducted by the Confederation of British Industry (CBI), these financial pressures are contributing to a significant decline in business confidence throughout the country.

Japan's Trading Firms Face Earnings Slump Amid Commodity Price Decline

2 months ago

In a troubling turn of events, major trading firms in Japan are bracing for a significant drop in profits as commodity prices continue to slide. Industry leaders have reported that the waning prices of essential raw materials such as oil, coal, and metals are directly impacting their bottom lines as the global market undergoes fluctuations.

The $32 Billion Cannabis Industry Faces Growing Environmental Concerns

2 months ago

The cannabis industry, which has rapidly expanded into a $32 billion market, is beginning to face serious scrutiny regarding its environmental impact. As more states and countries legalize cannabis for both medicinal and recreational use, the environmental footprint associated with its production and consumption grows more pronounced. The industry's expansion is creating concerns about water usage, energy consumption, and waste management practices that could potentially undermine sustainability efforts.

Ayala Group and Mitsubishi Eye Health Infrastructure Partnerships

3 months ago

In an exciting development for the healthcare infrastructure sector, the Ayala Corporation has expressed its intentions to deepen partnerships with Mitsubishi Corporation. This strategic alignment is set to enhance the provision of health services, addressing pressing needs in healthcare systems and infrastructure.

Entrepreneurs Seek to Capitalize on Your Discarded Electronics

3 months ago

In a striking new trend, innovative entrepreneurs are turning their attention to the vast amounts of discarded electronics that many consumers cast aside without a second thought. With a growing concern for environmental sustainability and the looming issue of electronic waste, a cohort of start-ups is stepping in to recover value from the mountains of outdated gadgets and components we routinely throw away.