When the Ethereum blockchain moved away from using a technique for verifying transactions known as proof of work last September, crypto market demand for the specialized processors that performed these calculations disappeared virtually overnight.
The US government’s aggressive stance on antitrust is chilling merger activity among the country’s biggest companies, with some deals never making it past the boardroom as executives fear lengthy and expensive approval processes.
An extremely rare Patek Philippe perpetual calendar chronograph will be put up for auction by Sotheby’s in June, in a sale that could reach $4.5 million and test the market strength for pricey vintage timepieces.
Microsoft is entering into a power purchase agreement with fusion startup Helion Energy, the companies announced Wednesday. This is the tech giant’s first-ever deal with a nuclear fusion company.
Citigroup Inc. plans to debut a new credit card with multiple retailers that consumers will be able use for larger purchases.
France and Germany’s top diplomats sought to present a united front on China, saying their countries must reduce their reliance on the world’s second-biggest economy and calling on Beijing to pressure Russia to end its war in Ukraine.
Citigroup Inc. is set to hire one of JPMorgan Chase & Co.’s top bankers in Saudi Arabia as chief executive officer of its investment banking unit in the kingdom, according to people familiar with the matter, as competition for banking talent heats up in the region’s largest economy.
Ireland will channel up to €90 billion ($99 billion) worth of corporation tax receipts and budget surpluses into a sovereign wealth fund to help pay for future costs such as an aging population, the country’s finance ministry said on Wednesday.
Chocolate maker Barry Callebaut AG delayed its date for selling 100% sustainably sourced cocoa as part of a broader effort to improve bean traceability and eradicate child labor in its supply chain.
As the US and EU throw billions at building out the industry needed for the transition to a low-carbon economy, Norway is spooking investors by slapping taxes on wind farms.
