The biggest cryptocurrency exchange, Binance, announced that it would temporarily halt buying and selling of cryptocurrencies for dollars from February 8. Binance announced on its official Twitter account that it was temporarily suspending all bank transfers in USD since February 8. It is stated that just a small portion of customers will be impacted by the action, and that the exchange is...

Ryanair set a record for the month of January by carrying 11.8 million passengers. After the COVID-19 epidemic, the carrier has continued to aggressively increase capacity. The largest airline in Europe by passenger volume recorded a 300,000 increase in passenger traffic from December to January. For the first time in at least 10 years, there were more passengers throughout the time period. The...

German BMW announced that it had increased the suggested retail pricing for certain of its models marketed in China as a result of growing transportation and raw material costs. The price hikes take effect right away. BMW increased the Manufacturer's Suggested Retail Price (MSRP) for 17 models in China, including the 5-series sedans and X5 crossovers, according to Shanghai Securities News....

Amgen Inc. disclosed a small dip in fourth-quarter sales. Eli Lilly and Co. saw a drop in revenue from a COVID-19 antibody agreement that was offset by a 4% rise in sales of its own medications. The business's quarterly earnings decreased from $6.85 billion to $6.84 billion. Refinitiv reports that the amount exceeded analyst projections of $6.77 billion. In 2020, Amgen and Eli Lilly agreed to...

The Financial Times reports that the American administration has ceased granting licenses to American businesses to sell goods to the Chinese company Huawei and is considering formalizing the prohibition. During Donald Trump's presidency, shipments to Huawei, one of the forerunners in the implementation of 5G mobile communications networks, were restricted and made feasible only with government...

The net profit of French Louis Vuitton Moet Hennessy (LVMH) grew to €14.084 billion by the end of 2022, up 17%. According to a press release from the corporation, a record was set in many of its divisions last year. The company's net financial debt reduced by 4% to €9.201 billion, and revenue increased 23% to €79.184 billion, according to the statement. The majority of the income was generated...

Microsoft Corp., a global leader in information technology, reported that its net income for the first half of its fiscal year 2022–2023, which finished on December 31, 2022, fell by 13.5 percent from the prior year to $33.981 billion. For the period, diluted earnings per share were $4.54 as opposed to $5.19 from the prior year. Half-year total revenue increased 6% from the prior period to...

Apple intends to boost its production share in India by 25%, according to the chairman of the Indian Ministry of Commerce. The country's trade minister Piyush Goyal declared that Apple Inc. intends to manufacture up to 25% of its products in India, up from the existing range of 5–7%. “Apple is yet another success story, according to Piyush Goyal. They currently manufacture 5 to 7 percent of...

By the end of the year, the business will decide where to build a semiconductor facility, according to Intel CEO Gelsinger. The location of the company's new chip facility is being evaluated in a number of nations, according to Intel CEO Pat Gelsinger, who spoke to the Italian newspaper Corriere della Sera. The decision must be taken by the end of the year. Giorgia Meloni, the prime minister...