Spanish billionaire and Zara founder Amancio Ortega bought a residential skyscraper in Seattle in US for $323 million, marking his one of the costliest real estate deal ever. His private firm said that dealing has been done.

World Business Watch: Zara founder Amancio Ortega buys skyscraper for $323 million

China chip war is broadening its crackdown on China's ship industry. Biden administration in US has added Chinese chipmaker YMTC - Yangtze Memory Technologies - and 21 major Chinese players in Artificial Intelligence chip sector, to a trade blacklist.

World Business Watch: US President Joe Biden blacklists Chinese memory chipmaker YMTC

As we talk about the world's best performing stock to get affected by global scenarios including monetary tightening in developed countries - Russia-Ukraine War and even global price volatility. A mining stock in Indonesia is proving to be world's best performer with a whopping 1,600% dwelling.

World Business News: Indonesia's mining stock becomes World's best performer of 2022

Binance has registered $1.9 billion withdrawals in the last 24 hours. It's world's biggest crypto exchange and has temporarily paused withdrawals of USDC stable coins. Binance, whose dominance of crypto was cemented by fall of FTX last week tweeted the proof of reserves.

World Business Watch: Binance withdrawals hit $1.9 bn in 24 hours

Austerity seems to be the pointer in the rule book of the gold global bank - Goldman Sachs and this will translate into reduction in bonuses of traders. Cost-cutting pressures will eat into the bonuses of many of the Goldman Sachs traders this year even as the bank is expecting a strong revenue growth.

WION Dispatch: Goldman Sachs executives face bonus cuts; 20% decline in bonuses for Wall St bankers

European business confidence has hit rock bottom, with a third of the region’s biggest industrial companies expecting to stop or scale back operations in the bloc because of record energy prices and slowing demand.

World Business Watch | European business confidence lowest since start of pandemic

After holding it for 14 years, Warren Buffett's Berkshire Hathaway is continuing to unwind its long position in BYD - which is China's largest homegrown EV-maker and Tesla's major rival.

World Business Watch: Warren Buffett further unwinds BYD investment

Amid global economic pressures that would hit demand for city-states outward oriented industries like trade and Finance. Singapore forecasts its economic growth would slow down between 0.5% and 0.25% next year from about 3.5% this year.

World Business Watch: Singapore's economic growth slows in Q3, GDP below 4.4%

The attorneys for FTX have made some startling revelations at the US bankruptcy court hearing on how the crypto exchange was run by its former boss Sam Bankman-Fried, the collapse of crypto exchanges left an estimated 1 million creditors facing losses to the tunes of billions of dollars.

FTX: Startling revelations by lawyers in court; Attorneys say, 'Was run as Personal Feifdom'

Starbucks employees un the US went on a strike on Thursday against the illegal retaliation against union supporters nationwide and also against the company's refusal to bargain with the union on a first labour deal.

World Business Watch: Starbucks workers at more than 100 stores go on strike in US

In the latest on Twitter saga, reports say that Twitter offices are being closed immediately and the badge exists to employees is being revoked as well. Twitter employees were given an ultimatum to either leave or go hardcore.

Twitter chaos: Mass exodus after Musk's ultimatum, offices temporarily closed, say reports

Amazon said that there would be more role reductions at its annual planning process extends into next year which means more layoffs could come at the E-commerce giant. Leaders continue to make adjustments, Alibaba has said, the e-commerce giant also said decision will be shared with the employees.

World Business Watch: Amazon layoffs to extend into 2023, more role reductions at company

As Covid-19 curves and a worsening economic outlook stifled, Chinese e-commerce giant, has posted low digit rise in quarterly revenue but slightly below expectations and retail spending in China has sacked this year. Alongside government's zero-Covid policy have led to frequent snap lockdowns.

World Business Watch: Alibaba misses quarterly expectations; spending slows

Japan and a weak Yen has pushed up cost of imported commodities in the country, they were already surging due to global supply constraints now. This has led to the jump in Japan's core consumer inflation that has accelerated to 40-year high.

World Business Watch: Japan's inflation hits 40-year high; commodities price surge

India is with stakeholders reaching the consensus at a meeting of an Interministerial Task Force that the country will be adopting USB-C type as a common charging port for smart devices. Electronics industry's stakeholders in India have agreed to phased rollout of the uniform charger.

World Business Watch | Common charging port: India moves towards USB-C

A study by the bank for international settlements - BIS - it's about the three quarters. People who have lost money on bitcoin, according to the study every 3 out of 4 people have lost bet on bitcoin.

World Business Watch: 3 out of 4 Bitcoin investors have lost money

As a shock of sanctions over Russia's invasion of Ukraine, disrupted trade and appended domestic demand - Russia's economy shrank for its second quarter. Experts say that worst of the downturn is likely now early next year.

World Business Watch: Russia economy shrinks for 2nd quarter; worst yet to come for Russian economy?

Jaguar Land Rover CEO Thierry Bollore has resigned, JLR had appointed Bollore as the CEO in 2020. It was done in a bid to return UK's biggest automaker to profit after it took a big hit from the pandemic. Prior to this Bellore was the CEO of Renault.

World Business Watch: Jaguar Land Rover CEO Thierry Bollore resigns

Let's about luxury goods and the trend for tiny handbags which are made for young consumers creating brand affinity at a lower price, it has helped propel global luxury to record levels this year. According to the reports, luxury spending is growing faster than ever.

World Business Watch: Gen Z consumers propel global luxury sales; spending growing faster than ever

China's tech company - Nextperia - has been ordered by the British government to sell at least 86% of Britain's biggest microchip factory - its Newport wafer fab. UK has expressed concerns that the country was selling a prized-asset to a Chinese owned at a time of global shortages in chips.

World Business News: UK orders sale of Chinese chip plant, expresses concerns at its global shortage

The latest sell-off in a string of divestments made by startups focused Softbank, has come from India. Japan's investment bank has sold 4.5% stake in Indian digital payment giant Paytm, for block deals for $200 million. The shares of Paytm owned by billionaire Vijay Shekhar Sharma fell more than 9% on the news of the trade.

Softbank sells 4.5% stake in Paytm, to slow down investments as valuation drops

Covid pandemic has cost us a lot more than we think, this time it comes in a form of heavy penalty and fines for an Indian airline - Air India. US has ordered Tata Group to pay the repetitions over of $121.5 million.

World Business Watch: Air India slapped with $121.5 mn fine for delay in refunds

United Kingdom is planning to raise taxes to fix its stagnant economy, now an announcement has been made, UK's Finance Minister Jeremy Hunt, said that all British citizens will soon be paying more taxes. This decision comes at a time when global economic outlook is weakening.

World Business Watch: Decoding the state of Global Economy

The Singapore-based online retailer Sea Ltd.'s quarterly loss increased less than analysts had predicted thanks to measures to reduce expenses as the company's growth slows.

World Business Watch: Cost cuts help Singapore's Sea Ltd as it lays off 10% workforce over 6 months

Google will pay $391.5 million to settle allegations by 40 states that the search and advertising giant illegally tracked users' locations.

World Business Watch: Google to settle US location-tracking probe

Bankrupt Crypto trading fund FTX confirmed that there was an 'unauthorised access' to its accounts. Moments later, the embattled company's CEO announced that FTX is now switching off the option of trading or withdrawing funds, exactly how much money is involved still remains unclear.

FTX saga continues: Funds vanish at bankrupt Crypto exchange, company confirms 'unauthorised access'

There is simply no end to the woes of Bitcoin exchange FTX and more skeletons are coming out of the closet now. Meanwhile, some experts are calling the crashing of the crypto exchange, the beginning of a financial crisis moment of 2008 for digital assets globally.

Crypto exchange FTX files for bankruptcy; CEO Sam Bankman-Fried resigns

After a study revealed that US inflation fell last month by considerably more than anticipated, excitement swept Wall Street and financial markets worldwide, sending US equities soaring toward their best day in years. Watch the video to know more.

US stocks mount biggest rally since 2020; Wall Street surges on cooling inflation

Australia: Three telecom firms have been ordered by the court to pay a collective of $22 million as it is allegedly making misleading claims about the speed of the internet.

World Business Watch: Australian telecom firms fined $22.1 mn

It's quest to become the leader in shape technology and expand area of chip making, Japan will invest up to $500 million in a new semi-conductor company named 'Rapidus'.

World Business Watch: Japan rushes to revive chip making, to invest up to $500 mn

Crypto exchange coinbase Global has cut over 60 jobs in recruiting and other onboarding teams. It is coming at a time when plummet digital coins risks another contagion in the sector and bigger rival FTX is inching closer to collapse.

World Business Watch: Crypto exchange coinbase cuts jobs

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