Business

Oracle Fined $23 Million For Bribing Officials In India, Turkey And UAE

Oracle fined $23 million for bribing officials in India, Turkey and UAE

Oracle used slush funds to bribe officials in India, the United Arab Emirates and Turkey. Oracle employees in its Indian unit used an excessive discount scheme linked to a transaction with a transportation company owned by the Ministry of Railways, the United States Securities and Exchange Commission (SEC) said. The United States Securities and Exchange …

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Japan spent a record nearly $20 billion on intervention to prop up the yen

Japan spent a record nearly $20 billion on intervention to prop up the yen

Intervention drains nearly 15% of readily available funds Japan may avoid selling US Treasuries for now – analysts Impact of additional intervention could diminish – analysts TOKYO, Sept 30 (Reuters) – Japan spent up to 2.8 trillion yen ($19.7 billion) intervening in the foreign exchange market last week to support the yen, ministry data showed …

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You're free to tweet: Posts reveal Elon Musk's downfall- Parag Agrawal |  world news

You’re free to tweet: Posts reveal Elon Musk’s downfall- Parag Agrawal | world news

Messages between Tesla chief Elon Musk and prominent Twitter placeholders – Jack Dorsey, chairman of the board Bret Taylor and current chief Parag Agrawal – emerged during an online doc. course ahead of Elon Musk’s lawsuit against Twitter. Elon Musk and Twitter are due in court in mid-October, which will decide the former’s acquisition of …

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The United States will become a housing market for buyers in 2023, according to most experts.  This is where you will see the biggest drops.

The United States will become a housing market for buyers in 2023, according to most experts. This is where you will see the biggest drops.

Frustrated with the real estate market? Housing experts say they expect the market to be back in buyers’ court by 2023, according to a new report. Mortgage rates are approaching 7%, but house prices are only slowly coming back down and inventories are still tight from pre-pandemic levels. Still, the U.S. housing market will shift …

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SEC must pass emails regarding Ethereum, but that won't help Ripple, lawyers say

SEC must pass emails regarding Ethereum, but that won’t help Ripple, lawyers say

Ripple picked up another procedural victory over the weekend in its ongoing legal battle with the Securities and Exchange Commission, which sued the crypto payments firm in 2020 over the $1.3 billion unregistered sale of XRP—a cryptocurrency originally created by the founders of Ripple. On Thursday, a federal district judge canceled repeated attempts by the …

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S&P downgrades UK ratings outlook after tax cut plan

S&P downgrades UK ratings outlook after tax cut plan

LONDON, Sept 30 (Reuters) – Ratings agency Standard & Poor’s on Friday downgraded its AA credit rating outlook for Britain’s sovereign debt to “negative” from “stable” as it believed plans to cut Prime Minister Liz Truss’ taxes would keep the debt on the rise. Finance Minister Kwasi Kwarteng on September 23 announced around 45 billion …

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20 brands of cheese recalled after several people hospitalized with listeria

20 brands of cheese recalled after several people hospitalized with listeria

(WJBF) – Several people in six states have been hospitalized after being infected with a strain of listeria that may be linked to contaminated brie and camembert cheeses. The cheese was made by Old Europe Cheese, Inc., of Michigan, according to the Centers for Disease Control and Prevention (CDC). On Friday, September 30, the company …

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