Business and Economy
Financial Markets

Lloyds Reacts to Rate Squeeze with £700m Provision for Bad Loans

Lloyds Banking Group has recently unveiled a substantial provision of £700 million to address the challenges posed by bad loans in the current tough economic landscape. Despite this financial caution, the bank has managed to deliver positive news to its shareholders by raising dividends, fueled by a surge in profits. As the biggest mortgage lender […]

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US Company News

Elon Musk Twitter Revolution: “X” Rebranding Shakes Social Media Landscape

The world of social media is in for a seismic shift as Elon Musk, the billionaire behind Twitter, unveils his audacious plan to replace the platform’s iconic blue bird logo with the letter “X.” Anticipated to launch on Sunday, this daring move marks the most significant transformation for the social media giant since Musk’s acquisition […]

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Financial Markets China

Bitcoin Stands Above $30K: China Factory Deflation Hints at Possible End of Global Tightening Cycle.

Bitcoin remained stable above the $30,000 mark on Monday, buoyed by China’s latest producer price index (PPI) data, which suggests that the global cycle of tightening liquidity, initiated in early 2022 and affecting risk assets including cryptocurrencies, is nearing its conclusion. The National Bureau of Statistics (NBS) revealed that China’s PPI, a gauge of factory-gate […]

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