We underestimate Beijing’s financial colonialism at our peril

Five years ago Kenya started building a railway from the coast to, well, frankly, pretty near the middle of nowhere. There had been a plan to build a final stage into neighbouring Uganda but, as the project hit a series of problems, that idea was scrapped and now it stops abruptly in Naivasha, 75 miles … Read more

Microsoft To Offer Sony 10 Years Of Call Of Duty

Image: Activision Another day, another report or story about Microsoft doing whatever is needed to make sure its purchase of Activision Blizzard is allowed to happen. This time, it’s reported that Microsoft is willing to offer some concessions to regulators to get the deal approved, including a deal to keep Activision games on PlayStation consoles … Read more

Stocks and oil prices slump as Covid protests in China spook investors

Rare scenes of open dissent in China have spooked investors in the country causing a rout in Asian markets. The unrest in China is the boldest show of public anger against the ruling Communist Party in years.  It followed complaints that policies aimed at eradicating the coronavirus by isolating every case might have worsened the … Read more

Traders brace for fresh stock market falls as protests grip China

Traders were bracing for a fresh fall in the Chinese stock market on Sunday night amid fears that protests across the country would deepen its economic turmoil. The looming threat of a government crackdown was expected to dampen demand for Chinese assets such as stocks, commodities and currencies when markets open on Monday morning. Beijing … Read more

High taxes and ‘no future’ spark fears of mass exodus of young Britons

Bloomberg analysis has found that the marginal tax rate – meaning how much you get taxed for every extra pound you earn – is 42pc for people earning over £50,270 and 62pc for those earning over £100,000. Having to pay more to the public coffers makes life in the UK less attractive according to David … Read more

Black Friday and Cyber Monday Deals Offered on More Than 2,000 Xbox and PC Games at Newegg | Business

CITY OF INDUSTRY, Calif.–(BUSINESS WIRE)–Nov 22, 2022– Newegg Commerce, Inc. (NASDAQ: NEGG ), a leading global technology e-commerce retailer, announced today that more than 2,000 digital Xbox Series X|S, Xbox One and PC games are now available at reduced prices through Newegg’s Black Friday and Cyber Monday deals. Izzy Ramzan plays a game on Xbox … Read more

Sadiq Khan plans London toll roads as electric car use rises

Mr Khan defended putting Heathrow in his expanded Ulez zone, which will cover all of Greater London and lead to hundreds of thousands of motorists being levied with the charge. Asked if he was embarking on a war against motorists, Mr Khan said: “Not at all. We’ve made sure this [Ulez] is not anti-car. This is … Read more

EU fears trade war with US in row over Biden’s green subsidies

EU ministers are trying to head off a trade war with the US as Brussels and Washington lock horns over $369bn (£304.8bn) of green subsidies being pushed by Joe Biden. Officials on the two continents have set up a taskforce to assess the impact of the US’s ambitious climate legislation – the Inflation Reduction Act … Read more

The billionaire lieutenant helping Elon Musk fight the culture wars

Sacks has also been a vocal proponent of the crypto industry and taken aim at the media for its coverage of the market in the aftermath of the dramatic collapse of FTX, an exchange run by major Democrat donor Sam Bankman-Fried. In a tweet this week, Sacks wrote: “For years, the elite media has treated … Read more

How France’s satellite champion became Putin’s mouthpiece

The letter, believed to have been personally handed to Eutelsat chief Eva Berneke by a member of Ukrainian embassy staff, threatens to sour relations between Paris and Kyiv. “We will be forced to initiate the blocking of any of its activities in the territory of Ukraine,” Ohla Herasymiuk, chair of the broadcasting regulator, warns in … Read more