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The Latest Breaking News from BUSINESS DAILY

Bitcoin comes out of 'crypto winter' and scales to new heights

On Tuesday, the price of a single Bitcoin hit a new record at over $69,000, beating a previous peak set in November 2021. In this Business Daily, we look at what's happened in the cryptocurrency sector in the past two years, explaining Bitcoin's dramatic fall and subsequent rise. Also in…

China's economic roadmap for 2024 aims for steady growth, healthy inflation

China's economic roadmap for 2024 aims for steady growth, healthy inflation

At the opening of the National People's Congress in Beijing this Tuesday, Chinese Premier Li Qiang outlined the government's major objectives for the economy in 2024. In this edition of Business Daily, we take a look at what Beijing is seeking to achieve this year and at the challenges posed…

Apple pulls the plug on its secret electric vehicle project

Apple pulls the plug on its secret electric vehicle project

Media reports on Tuesday said that tech giant Apple was pulling the plug on its "special projects group", which was developing the brand's own electric vehicle. In today's Business Daily, we look at what we know about the secretive project launched by Tim Cook a decade ago, why it didn't…

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EU agriculture ministers meet to discuss changes to Common Agricultural Policy

Agriculture ministers from around the European Union are gathering in Brussels this Monday to discuss ways to address demands of protesting farmers. In today's Business Daily, we look at some of the proposals put forward by the EU Commission to make things easier for farmers. Also in this edition, FRANCE…

US chipmaker Nvidia's revenue continues to soar amid AI boom

California-based chipmaker Nvidia showed with its latest earnings call that there is still room to grow, with revenue for the last quarter of 2023 surging 265 percent over the year to $22 billion and forecast to keep rising. In this edition of Business Daily, we take a look what Nvidia's…

Germany to unveil sombre 2024 economic forecast amid 'perfect storm'

German Chancellor Olaf Scholz's government is publishing its economic report for 2024 this Wednesday in Berlin, and media reports are already saying its previous forecast of 1.3 percent growth will be downgraded to 0.2 percent. In this edition of Business Daily, we look at some of the factors that are…

With Gaza war, Israel sees steepest drop in GDP since Covid era

Israel's GDP fell by 19.4 percent in the last quarter of 2023, according to preliminary figures published by the country's Central Bureau of Statistics on Monday. It's the biggest contraction the economy has seen since the early days of the Covid pandemic, and can be attributed to the impact of…

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Apple reports sharp drop in quarterly sales

Apple reports sharp drop in quarterly sales

BUSINESS DAILY – Friday, 03.02.2023: We take a look at the reasons behind Apple's largest drop in sales since 2019. We also see how Adani stock dropped 35 percent before rallying. Meanwhile, tense negotiations are taking place between Pakistan and the IMF, with the nation's PM saying it has no…

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