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Finance

Finance

DNA testing firm 23andMe files for bankruptcy to sell itself; CEO leaves after failed bids

Bermuda Broadcasting Newsdesk -
It listed both assets and estimated liabilities of $100 million to $500 million International news via Reuters: Genetic testing firm 23andMe said on Sunday it filed...
Finance

Australia budget to dole out energy bill relief as general election looms

Grae Minors -
His government has handed out A$3.5 billion in energy bill relief in a bid to tackle inflation International news via Reuters: Australia's government said on Sunday...
Finance

Chinese premier warns of ‘rising instability’ at key business forum

Bermuda Broadcasting Newsdesk -
Beijing is keen to attract foreign investment at a time of heightened geopolitical tensions International news via Reuters: Chinese Premier Li Qiang urged countries to open...
Finance

South Korea industry minister to visit US to discuss tariffs, sensitive country status

Bermuda Broadcasting Newsdesk -
South Korea's trade minister urging his US counterparts to exempt the country from tariff measures International news via Reuters: South Korea's industry minister will visit Washington,...
Finance

Santander UK to axe a fifth of branches, around 750 jobs at risk

Bermuda Broadcasting Newsdesk -
Santander said it had seen a 63% increase in digital transactions since 2019 International news via Reuters: The UK arm of Spain's Banco Santander said on...
Finance

Big pharma fears best-selling drugs in crosshairs of US-EU tariff spat

Bermuda Broadcasting Newsdesk -
Trump last week called out Ireland for luring pharmaceutical companies with tax breaks International news via Reuters: Drugmakers are urging the Trump administration and European Union...
Finance

Dollar hobbled by economic worries; euro remains in favour

Bermuda Broadcasting Newsdesk -
Sterling rose 0.26% to $1.2971, in line with the euro International news via Reuters: The dollar hovered near a five-month low against major peers on Monday,...
Finance

UK finance minister Reeves to unveil action plan to cut over-regulation

Bermuda Broadcasting Newsdesk -
New system to support businesses to innovate with help from the Regulatory Innovation Office International news via Reuters: British finance minister Rachel Reeves will meet financial,...
Finance

Trump trade war to sap Canadian, Mexican and US growth, OECD says

Bermuda Broadcasting Newsdesk -
Global growth on course to slow slightly from 3.2% in 2024 to 3.1% in 2025 International news via Reuters: President Donald Trump's tariff hikes will...
Finance

Analysis-Big bank deals stalled by Trump volatility even as officials signal deregulation

Bermuda Broadcasting Newsdesk -
Regulatory outlook still in flux, key agencies being run by interim leaders International news via Reuters: Big banks are holding off on acquisitions and staying cautious...
Finance

UK economy sputters in January, underlining Reeves’ growth challenge

Bermuda Broadcasting Newsdesk -
Sterling weakened by around two tenths of a cent against the U.S. dollar before recovering International news via Reuters: Britain's economy unexpectedly contracted in January, extending...
Finance

Trump threatens tariffs on European wine and spirits in escalating trade war

Bermuda Broadcasting Newsdesk -
The EU accounted for roughly 40% of all spirits exports in 2023 https://vimeo.com/1065568371 U.S. President Donald Trump on Thursday threatened to slap a 200% tariff on...
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