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Etsy Stock Falls After Company Lays Off 11% of its Staff, Citing ‘Very Challenging’ Environment

Etsy is laying off 11% of its workforce at the height of the holiday season as the e-commerce giant looks to restructure its business and...
Business

Misplaced Enthusiasm About A BRICS Currency

Toronto, Atlanta (10/11 – 50) As recently as the early 1980s, central bankers around the world could be heard moaning and groaning about having to...
Business

Fed’s Susan Collins Says More Rate Hikes Can’t be Taken Off the Table Yet

Despite recent encouraging signs on inflation, Boston Federal Reserve President Susan Collins said Friday that more interest rate hikes could yet be needed. “I understand...
Asia

President Wickremesinghe’s Contribution To Securing IMF Loan For Sri Lanka

Brussels (08/11 – 50) On March 20, the IMF approved a $3 billion Extended Fund Facility (EFF) to support Sri Lanka amid its economic crisis....
Asia

Tajikistan Journalist, Mamadshoeva Sentenced To 21 Years In Prison

Brussels (25/11 - 33.3) Tajikistan Supreme Court has sentenced a widely respected 65-year-old female journalist, Ulfathonim Mamadshoeva, to 21 years in prison on charges of...
Asia

Notorious Benjamin Wey Sues Sri Lanka For $250 Million

London (05/11 – 44.44) Benjamin Wey, a Chinese-American financier, founder of Fintech Holdings and a history of legal trouble, is suing Sri Lanka for $250 million....
Business

Cheers! Bottle of Scotch Whisky Sells for a Record $2.7 Million at Auction

LONDON -- A bottle of Scotch whisky billed as “the most sought-after” in the world sold Saturday for almost 2.2 million pounds ($2.7 million), an...
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