BUSINESS

Birkenstock's IPO will value the company at about $8.6 billion, according to multiple media reports

Birkenstock To Debut In New York With $8.6 Bn IPO Valuation

German sandals maker Birkenstock will debut on the New York stock exchange Wednesday with a valuation of $8.6 billion that belies its former dowdy image, with the brand now a fashion favorite and the pink footwear of choice for "Barbie."
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World Trade

Inflation, High Rates And War Crimp Global Trade: WTO

Global trade growth will be sharply lower than forecast this year as stubborn inflation, high interest rates and the war in Ukraine pressure economies around the globe, the World Trade Organization said Thursday.
Binance has taken a severe hit since crypto markets collapsed and regulators began probing the legality of its business

Crypto Firm Binance Pulls Out Of Russia

Cryptocurrency firm Binance said on Wednesday it was selling its Russia business, months after reports suggested US authorities were investigating possible sanctions violations.
The switch to clean energy risks being braked by 'geopolitical fractures,' says Birol

Global Tensions Risk Clean Energy Progress: IEA Chief

The head of the International Energy Agency urged the United States and China to set aside their differences and align on climate change, warning in an interview Monday that "geopolitical fractures" risked holding back the clean energy transition.

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