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Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content.Solana (SOL) has continued trading sideways for another week, despite bullish calls from market analysts. Investors are now shifting their focus to more promising ventures such as RenQ Finance (RENQ) that promise better returns in the event of a market rally. Despite being relatively new, Ren Finance (RENQ) has continued to astound investors with its rapid market growth. In this article, we will examine Solana’s market position, future potential, and why RenQ Finance (RENQ) is a better bet for the anticipated 2024-25 bull market.Solana: Price Analysis and…
Bernard Arnault is the world’s richest man, with a net worth of $212 billion. Arnault controls the massive luxury conglomerate LVMH Moët Hennessy Louis Vuitton. All of Arnault’s children work at LVMH brands, including Louis Vuitton, Berluti, and TAG Heuer. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app When it comes to the world of luxury goods, perhaps no one is more successful than Bernard Arnault. Arnault, the 74-year-old CEO of French luxury conglomerate LVMH Moët Hennessy Louis Vuitton, has built his fortune over the…
Few western capitalists admit to taking inspiration from China’s Communist party, but when Michel Doukeris moved to Shanghai in 2009 to run the Chinese arm of Anheuser-Busch InBev he was quickly taken with Beijing’s five-year plans.His success in turning round unprofitable operations in Asia and then reviving brands such as Budweiser in the US helped land Doukeris the top job when Carlos Brito, whose dealmaking built a Brazilian beer company into the world’s largest brewer, retired as chief executive in 2021.The lesson in long-term planning Doukeris learnt in China has shaped a management ethos with which he is repositioning a…
House Speaker Kevin McCarthy will put his shaky control of the thin Republican majority on the line this week with a bid to pass a bill slashing spending that is designed to jam President Joe Biden. The standoff over the debt crisis is deepening between the Republican speaker and the Democratic president, which could be fateful for the country and both their political careers. And the ability of each side to unify their parties and shape public opinion to avoid – or dispense – blame will be crucial. The clash is over the need to raise the government’s borrowing authority…
Reports about Apple getting into the car business are pervasive. Most focus on Apple designing an electric vehicle of some kind. If the tech behemoth is really serious about competing for a slice of the auto industry’s $3 trillion in sales, however, there is a far better way to do it. Apple (ticker: AAPL) should start with a modest purchase of an automotive supplier that does all the things the iPhone maker already understands. It should acquire Visteon (VC). It could be an easy buy. Apple had $165 billion in cash as of Dec. 31, while Visteon has a market value…
© Reuters. FILE PHOTO: Twitter app is seen on a smartphone in this illustration taken, July 13, 2021. REUTERS/Dado Ruvic/Illustration (Reuters) – Twitter dropped the “Government-funded” and “China state-affiliated” labels, which implies government involvement in editorial content, from the accounts of various global media organizations, their profiles showed on Friday. Twitter dropped the “Government-funded Media” label from the accounts of U.S.-based National Public Radio (NPR), British Broadcasting Corp and Canadian Broadcasting Corporation (CBC). It also dropped the “China state-affiliated media” tag on the accounts of Xinhua News as well as of journalists associated with government-backed publications. While Chinese publishers’ accounts,…
By Alexander Villegas and Ernest Scheyder SANTIAGO (Reuters) – Chile’s President Gabriel Boric said on Thursday he would nationalize the country’s lithium industry, the world’s second largest producer of the metal essential in electric vehicle batteries, to boost its economy and protect its environment. The shock move in the country with the world’s largest lithium reserves would in time transfer control of Chile’s vast lithium operations from industry giants SQM and Albemarle (NYSE:) to a separate state-owned company. It poses a fresh challenge to electric vehicle (EV) manufacturers scrambling to secure battery materials, as more countries look to protect their…
By Ambar Warrick Investing.com — Most Asian currencies retreated on Monday, while the dollar steadied ahead of a string of economic cues due this week, with the Federal Reserve’s May meeting also coming into focus as markets braced for more interest rate hikes. The and traded sideways on Monday after logging some gains last week, as a slew of Fed officials called for higher interest rates to curb inflation. Focus this week is on the impact of said rate hikes on the U.S. economy, with due on Thursday. The reading is expected to show that growth slowed from the prior…
ANKARA (Reuters) – Turkish President Tayyip Erdogan said on Friday that interest rates will fall as long as he is in power, and that inflation will decline with them, repeating his unorthodox views. Erdogan was speaking in Istanbul weeks before a presidential election on May 14. Some anticipate a shift to more orthodox policies after the vote. Turkey’s central bank has slashed its policy rate to 8.5% from 19% since late 2021 in line with Erdogan’s economic views. The easing cycle led to a currency crisis and sent inflation soaring, eating away at household savings. Read the full article here
