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BASF to Wind Down Business in Russia, Belarus by July

By Ed Frankl BASF SE said Wednesday that it would wind down its remaining business in Russia and Belarus by the start of July. The German chemical company said in March that it wouldn’t conduct new business in the countries, which accounted for 1% of group sales in 2021, after Russia’s invasion of Ukraine. “This […]

Valley restaurant owners warn of several business break-ins

Several valley restaurant owners are warning about recent break-ins at their businesses. Security footage shows overnight burglars breaking into Willie’s Modern Fare in Rancho Mirage earlier this month. Putting on gloves outside a back door, a masked and hooded is seen smashing the glass and climbing inside. “They came in with what looked like a […]

China’s Weakening Yuan Is Good for Everyone

Placeholder while article actions load China’s economy needs all the help it can get. Draconian efforts to contain Covid-19 are eroding growth prospects and weakening the yuan. Good thing Beijing never ceded full control of its currency to markets.  A weak yuan is a fine problem to have these days. It can add stimulus to […]

Venture North handled $526,260 in 2021 COVID relief grants | Business

Editor’s note: This article was published in the Record-Eagle’s Momentum ’22 special publication. For more stories from northern Michigan’s economic engine, click here to read Momentum in its entirety online. TRAVERSE CITY — Venture North Funding and Development distributed $526,260 in Regional Resiliency Program grants to 126 recipients in 2021. Venture North in 2021 also loaned $686,508 to […]

“Artificial Intelligence & the Economy: Charting a Path for Responsible and Inclusive AI” U.S. Department of Commerce, National Institute of Standards and Technology, Stanford Institute for Human-Centered AI and FinRegLab Symposium on April 27, 2022

April 26, 2022 06:01 AM Eastern Daylight Time WASHINGTON–(BUSINESS WIRE)–Stanford Institute for Human-Centered Artificial Intelligence: What: Presented by the U.S. Department of Commerce, National Institute of Standards and Technology, Stanford Institute for Human-Centered Artificial Intelligence (HAI) and FinRegLab, the Symposium will feature a group of presenters and panelists working to develop policies and frameworks to […]

Asia shares edge up; dollar ascends on China COVID fears

Zawya brings you all the latest news and insights relevant to Middle East and global investors in equities, commodities and currencies. Asia shares edge up, sentiment fragile on China growth fearsMSCI’s broadest index of Asia-Pacific shares outside Japan ticked up 0.8% Oil prices rebound from sharp drop on China demand concernsBrent crude futures were at […]