In March 2023, Silicon Valley Bank (SVB) collapsed, triggering a panic that led to the US government’s Federal Deposit Insurance Corporation (FDIC) taking control of the bank. This marked the most significant banking collapse in the United States since the 2008 financial crisis. Within a week, Signature Bank, a second US regional bank, was shut …
The cost-of-living crisis in the UK continues to worsen as March’s inflation rate stays in double digits, driven by skyrocketing food prices. The annual headline inflation figure of 10.1% exceeded expectations, with the consumer price index nearly a full percentage point higher than projected in February by the Bank of England’s Monetary Policy Committee. Food …
Samsung recently announced that they plan to cut chip production. They experienced one of the worst quarters, with a 96% dip in their operating profit. While last quarter they were at 14.12 trillion won, in the Jan-Mar quarter, they merely managed 600 billion won. This was their worst quarter in the last 14 years. What …
Continue reading “Samsung to cancel chip production after a bad quarter”
As the US struggles with an economic crisis, the US CPI data will soon forecast how interest rates and economic policies might change for the nation in the upcoming months. With prices rising through the roof, inflation must be slowed. To prevent a recession, this data will guide economists on how to handle finances of …
Continue reading “US CPI Data To Reveal How May Interest Rates Should Be Set”
Who doesn’t like playing video games? We’ve all tried our hand at it. But there’s more to this internet gaming than we realize. While initially there was a stigma that playing video games causes aggression, many experts found this an ill-informed perspective. After all, video games are very variable. They can be educational and therapeutic …
Continue reading “New insights into gaming disorder: Is it really a thing?”
Canada is one of the countries with the highest cellular prices. Their carrier and internet charges are expensive. This significantly impacts the country’s GDP because it limits interpersonal and B2B communication. In its attempt to make life easier for its citizens, Canada has struck the biggest telecom deal in its history. Ottawa recently approved the …
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Once again, Russian Foreign Policy seems to have set out to ostracize the West. This time, there’s no subtlety. A 42-page document published on the Kremlin’s website said Russia would ‘oppose all neo-colonist forces with hegemonic aims.’ Of course, this dig was directed towards the United States of America. This feud has been going on …
Continue reading “The ‘Hostile West’ to Face Putin’s New Russian Foreign Policy”
Japan recently announced that it would restrict the exports of technological parts like semiconductors. Calling itself a technological nation, they claim to be fulfilling its responsibility toward global peace and stability. Given that we rely on these semiconductors for our daily needs and national security, these new policies can have significant implications for those importing …
Continue reading “Japan Restricts Semiconductor Exports Amidst the US-China Chip War”
The inventor of the World Wide Web (WWW), Tim Berners-Lee, called cryptocurrency ‘dangerous, speculative, and a gamble’ in an episode of CNBC’s Beyond The Valley. As the co-founder of the startup Inrupt, Berners-Lee and John Bruce, have been speaking about reshaping the landscape of the internet. Berners-Lee has expressed his dissatisfaction with how the web …
Continue reading “Crypto Compared to Gambling and Termed Dangerous by Web Inventor Berners-Lee”
Oil prices climb for various reasons, including supply and demand imbalances, geopolitical tensions, and market speculation. When the demand for oil increases faster than the rate at which it can be produced, prices tend to rise. Conversely, if the supply outpaces the demand, prices may fall. Geopolitical events, such as conflicts in major oil-producing countries, …
Continue reading “Oil Prices Soar, Fed Raises Rates as Brent Hits $83.40/bbl”
The enterprise tech world is evolving with newer ambitions. While the wings of innovation are spreading to newer skies, the technologists are finding it hard to play catch-up and are making sure they are in tune with the technology juggernaut. CIOCoverage aims to bridge this very gap that exists between the tech-savvy where he rests, in the very heart of it. Awakening a keen insight in you to move along the flow, CIOCoverage works to make the entrepreneurs, versatile to the sturdy technological influences.
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