Economics
After posting third-quarter results that met analysts’ forecasts on Wednesday, semiconductor equipment maker ASML Holding NV (ASML.AS) warned about flat revenues in 2024 as...
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THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle
- Business
- Entrepreneurship
- Technology
- Economy
- Politics
- Finance
- Cryptocurrencies
Solana Memecoin Cabals Disrupt Crypto Frontier
Former Binance CEO Changpeng Zhao inspires flood of ‘Broccoli’ memecoins: ‘I am just posting my dog’s picture’
Coinbase posts near-record results, but stock slumps on concern over temporary ‘Trump bump‘
Coinbase posts $TKB in Q4 revenue on back of crypto bull market
Who is Alexander Vinnik, the Bitcoin criminal Trump freed in a prisoner exchange with Russia?
- Lifestyle
Fans react after Usher’s 2024 BET Awards speech is muffled.
Alcaraz makes early entry into all-court elite with French Open victory.
Meghan’s Lifestyle Brand Takes Off with Its Premier Product
Female Power: Songwriter Conquers Male Competition in Video Gaming
Ukrainian Amputee’s Survival: The Inspirational Role of His Wife’s Voice
- People
Timothée Chalamet jokes about Dune popcorn bucket, constantly losing at award shows in SNL open
UK’s King Charles urges compassion and care for the environment in times of conflict
In Christmas Day message, pope decries Gaza’s ‘appalling harvest’ of civilian deaths
An ex-FBI official is to be sentenced in the US over work for Russia’s Deripaska
A Ukrainian teen returns to Ukraine after being taken to Russia from occupied Mariupol
All posts tagged "Business"
Finance
After the Australian wealth management warned of reduced growth prospects for the remainder of the year and a decline in yearly margins as high-interest...
Finance
On Wednesday, Australia’s central bank governor stated that the country’s economy was facing “challenging” conditions due to sluggish consumption and high inflation and that...
Economy
Barratt Developments (BDEV.L), the largest homebuilder in the UK, declined to provide a full-year profit projection on Wednesday, citing a “uncertain” outlook due to...
Business
On Tuesday, the blockbuster anti-inflammatory medicine Stelara’s continued popularity helped Johnson & Johnson (JNJ.N) improve its 2023 profit prediction. The company also realized a...
Finance
In the third quarter, Bank of America’s (BAC.N) earnings increased as it followed rivals in increasing its revenue from client interest payments, while investment...
Cryptocurrencies
After asset management BlackRock rejected a rumor in the cryptocurrency media that U.S. authorities had accepted its high-profile application for a cryptocurrency investment product,...
Business
Following a more than $1 decline on Monday, oil prices stabilized Tuesday as Washington increased efforts to stop an escalation of the conflict between...
Economy
Rolls-Royce (RR.L) said on Tuesday that it will eliminate up to 2,500 positions as its new chief executive works to create a more efficient...
Finance
According to three people who spoke to Reuters, Brookfield (BN.TO), through its unit Brookfield Reinsurance (BNRE.N), is considering joining Britain’s expanding pension insurance market...
Business
According to two sources, Japan’s biggest trading house, Mitsubishi Corp (8058.T) is debating making an offer for Fujitsu’s (6702.T) chip packaging subsidiary Shinko Electric...
Business
The stock and bond prices of China’s Gemdale (600383. SS) fell on Tuesday following the departure of its chairman, making it the most recent...
Business
After reporting a decline in third-quarter revenue as demand for 5G equipment declined in North America, Ericsson (ERICb.ST) said on Tuesday that it anticipated...
Economy
In response to mounting market concerns about the country’s stressed public finances, authorities stated that Italy’s deficit-increasing 2024 budget, which the cabinet is expected...
Finance
On Monday, when it renewed medium-term policy loans, China’s central bank increased liquidity assistance to the banking sector while maintaining the interest rate out...
Business
As mediated negotiations proceeded on Monday, unions at Chevron’s liquefied natural gas (LNG) plants in Australia repeated their intention to begin strikes, prompting the...
Business
Investors are watching to see if the Israel-Hamas war involves other nations, which might push up prices further and inflict a major blow to...
Technology
In Japan’s largest IPO in five years, chip equipment manufacturer Kokusai Electric (6525.T) raised $724.4 million by placing its shares at the top of...
Business
Casino, a heavily indebted French grocery operator, announced on Monday that it had reached an early agreement to sell Grupo Calleja its investment in...
Finance
As Middle East tensions rose and investors anticipated hints from Federal Reserve Chair Jerome Powell’s speech later this week, the dollar fell from its...
Business
Rite Aid (RAD.N) announced a new CEO and filed for Chapter 11 bankruptcy Sunday. This action would put an end to lawsuits the drugstore...
Business
A plan by Southeast Asian ride-hailing startup Grab (GRAB.O) to purchase Trans-cab, Singapore’s third-largest taxi operator, has raised worries about competition, according to the...
Economy
On Monday, there was increased concern over the rising bloodshed in Gaza and the possibility that the battle may involve more than just Israel...
Business
As part of a government-backed plan to reorganize the former phone monopoly, U.S. firm KKR (KKR.N) is getting ready to submit a billion euro...
Finance
China FX regulator says CBDC features could improve monetary policy. According to state media on Friday, a Chinese official in charge of regulating foreign...
Finance
The Australian ANZ Group (ANZ.AX) has recognized a Federal Court ruling that found the bank was required to inform the market that the joint...
Economy
Oil rises as U.S. sanctions stockpile forecasts raise supply worries. In an already competitive market, the tightening of U.S. sanctions against Russian crude shipments...
Economy
China’s export and import growth with Russia quickens in September. China’s customs statistics indicated on Friday that its exports and imports to Russia increased...
Business
On Friday, negotiations between Chevron and unions at its liquefied natural gas (LNG) plants in Australia again advanced. Still, they could not reach a...
Business
California AG says he may sue to stop Kroger from buying Albertsons. Rob Bonta, California’s attorney general, stated that his office was worried about...
Economy
Stocks in Asia slump on rate jitters. Stronger-than-expected U.S. consumer pricing data boosted the argument for the Federal Reserve to keep rates higher for...
Finance
Dollar drifts near two-week low ahead of U.S. inflation data. The Federal Reserve’s next course of action will be influenced by U.S. inflation figures,...
Business
China bans new offshore brokerage accounts in capital control move. According to an official document seen by Reuters and corroborated by four sources, China...
Finance
Venezuelan bondholders file a claim with a New York court amid a tolling agreement. Holders of delinquent debt issued by Venezuela and its state...
Business
Ericsson shares volatile after results, $2.9 billion charge. After the Swedish telecom equipment manufacturer overnight disclosed a $2.9 billion impairment relating to its acquisition...
Economy
UAW expands auto strike to Ford’s biggest plant in a surprise move. The United Auto Workers’ four-week targeted strike against the Detroit Three automakers...
Business
On Thursday, Kia Corp (000270. KS) showcased three new small-to-medium-sized electric vehicles (EVs) to further its electrification strategy. In an all-out effort to meet...
Finance
As a sign of support for the city-state, Citigroup Inc. (C.N) said on Thursday that its board of directors will convene in Singapore for...
Business
US pharmacy chain Walgreens names Tim Wentworth as CEO. Tim Wentworth has been named as the new chief executive of Walgreens Boots Alliance, a...
Economy
The union representing Kia Corp (000270. KS) in South Korea said it would put off its earlier Wednesday scheduled partial walkout to continue its...
Economy
Airline Vueling faces Italy antitrust probe on hand luggage fees. Spanish budget carrier According to the Italian competition regulator (AGCM), Vueling is under antitrust...
Business
Blackstone holds initial talks with Disney for a stake in India’s arm. According to two persons familiar with the situation, private equity firm Blackstone...
Business
LVMH sales growth loses fizz as post-pandemic splurge wanes. A strong wave of post-pandemic spending has slowed down due to rising prices and economic...
Business
Travis Perkins warns on profit from the UK housing market hit. The largest supplier of building supplies in Britain, Travis Perkins (TPK.L), revised its...
Business
Uniqlo owner set for 26% profit surge on China rebound, yen slide. When it releases its financial results on Thursday, the Japanese company that...
Economy
Saudi Arabia-Russia supply cuts disrupt oil and U.S. dollar relations. Oil’s propensity to move in the opposite direction of the U.S. dollar has been...
Finance
Asia stocks hit 2-week high as Fed talk turns dovish. The dollar advanced on Wednesday as traders reduced their expectations for U.S. interest rates...
Business
According to a statement made on Wednesday by the Malaysian carmaker DRB Hicom and the Chinese automaker Zhejiang Geely Holding Group Co Ltd, the...
Business
Daimler Truck premieres the new eActros 600 in a step towards an all-electric shift. The battery-electric long-haul truck eActros 600 had its European debut...
Economy
The coal industry faces 1 million job losses from the global energy transition. Even without any additional commitments to phase out fossil fuels, the...
Business
Carmakers apply for French EV subsidies under more stringent rules. Automobile manufacturers will start providing French authorities with the technical details of their electric...
Business
As pricing competition in the biggest car market in the world heats up, Chinese electric vehicle startup WM Motor has filed for bankruptcy, signaling...
Business
The German asset management KGAL and the Italian energy company Edison (EDNn.MI) have agreed to jointly develop a solar power facility in central Italy...
Business
Deloitte expands as PwC Maldives, Sri Lanka network firms exit. According to a Deloitte document reviewed by Reuters, the global accounting giant is expanding...
Business
According to a framework agreement with the German military, Rheinmetall (RHMG.DE) secured another order for artillery ammunition for Ukraine. By the most recent call-off,...
AI
German antitrust head warns AI may boost Big Tech’s dominance. The director of Germany’s antitrust agency has cautioned that the market dominance of Big...
Finance
Dollar, yen gain on flight to safety as Hamas attack dents sentiment. On Monday, as unrest in the Middle East worried markets, safe-haven currencies...
Finance
World Bank’s Banga faces pressure on resources shareholder schisms. This week, pressure will be put on World Bank President Ajay Banga to concentrate on...
Business
CNN reported on Friday, citing an organizer, that pharmacy employees at select Walgreens (WBA.O) locations in the United States intend to leave their jobs...
Business
According to the scheme’s website, Saudi Arabia will introduce a greenhouse gas credits program early next year, enabling businesses to offset their emissions by...
Business
The largest vaccine manufacturer in China, Zhifei (300122. SZ), has agreed to pay British pharmaceutical giant GSK (GSK.L) 2.5 billion pounds ($3.05 billion) in...
Economy
The Middle East war increased the price of oil and Treasury bonds, which caused U.S. stock futures to decline on Monday. Meanwhile, the hot...
Business
Weight-loss drugs fuel boom for firms that fill syringes. Contract pharma makers are spending billions of dollars to develop or construct facilities that fill...
Finance
Citigroup to sell China consumer wealth business to HSBC. On Monday, Asia-focused HSBC Holdings Plc (HSBA.L) was informed by Citigroup Inc (C.N) that it...
Finance
Shares of troubled British lender Metro Bank (MTRO.L) surged in early trading on Monday after frantic negotiations over the weekend due to turbulent trading...
Politics
On Friday, the U.S. Commerce Department placed 42 Chinese businesses on a federal export restriction list to support Moscow’s military and defense industrial base,...
Economy
Though pay growth is slowing, September job growth indicated that the labor market is robust enough for the Federal Reserve to hike interest rates...
Business
An Australian billionaire, Gina Rinehart, increased her share in lithium producer Liontown Resources (LTR.AX) once again, giving her the power to thwart Albemarle Corp.’s...
Business
Casino (CASP.PA), a French retail chain, has agreed with its principal creditors, led by Daniel Kretinsky, a Czech billionaire, to restructure its debt to...
Business
On Thursday, Conagra Brands (CAG.N) reported that numerous price increases and easing cost pressures helped offset sluggish demand for the packaged food maker’s goods....
Economy
According to a worldwide message to employees on Wednesday obtained by Reuters, Citigroup (C.N.) officials are evaluating worker rosters to decide by November who...
Economy
According to a spokeswoman, Air France-KLM (AIRF.PA) continues to have a significant ownership in Portugal’s national airline, TAP, and the acquisition of a share...
Business
India’s Tata Group is in talks with Temasek to buy back a stake in Tata Play. According to persons familiar with the situation, Bloomberg...
AI
In response to pent-up demand for robotic equities, shares of South Korea’s Doosan Robotics (454910. KS), whose robots can pour beer and brew coffee,...
Business
Porsche (P911_p.DE) is a German carmaker and investor at UP. Partners have founded Sensigo, a California-based firm that uses artificial intelligence to help mechanics...
Business
After analysts predicted that the sportswear company’s third-quarter profits could fall short of market expectations, Puma shares (PUMG.DE) dropped 7.8% on Thursday. According to...
Technology
UK regulator asks for antitrust probe into Amazon and Microsoft’s cloud dominance. ON THURSDAY, the UK’s media regulator requested an investigation into the dominance...
Business
European stocks gain as US yield surge pauses. After a drop in oil prices and worse U.S. labor market data late on Wednesday helped...
Finance
Metro Bank plunges on talk of big fundraising to fix finances. Following news that the British lender was looking into possibilities to raise as...
Business
As part of a major push toward renewable energy, Indian oil refining giant Reliance Industries unveiled its interchangeable and multifunctional battery storage technology for...
Economy
Spain doesn’t rule out tariffs on imports of solar products. Teresa Ribera, Spain’s acting energy minister, did not exclude placing taxes on imports of...
Finance
According to sources familiar with the bank’s operations, UBS (UBSG.S) is attempting to draw clients by offering above-market rates on deposits as it looks...
Business
Atos (ATOS.PA), a struggling French IT company, announced a management reorganization on Wednesday and named Yves Bernaert its third CEO in less than two...
Business
On Wednesday, Australian lender Westpac (WBC.AX) announced that it had abandoned plans to sell its companies in Fiji and Papua New Guinea, ending a...
Business
According to persons familiar with the situation, BP Plc (BP.L) is considering selling a 49% share in its U.S. oil and gas pipeline network...
Business
SAS shares plunge 95% as restructuring wipes out owners. After the Scandinavian airline disclosed new major investors late on Tuesday as part of a...
Business
On Tuesday, metalworkers at the Sao Jose dos Campos facility of Brazilian aircraft manufacturer Embraer (EMBR3.SA) opted to call off a walkout they had...
Business
After nearly 28 years with the investment bank, Chris Kojima, a senior executive in the asset and wealth management division of Goldman Sachs (GS.N),...
Technology
LinkedIn taps AI to make it easier for firms to find job candidates. Recruiters will be able to identify job applicants by asking questions...
Business
According to two individuals with knowledge of the situation who spoke to Reuters, United Airlines (UAL.O) was planning to announce an order for 50...
Business
UPS and FedEx customers regain the upper hand in the delivery price battle. Industry statistics and interviews with seven price negotiators show that U.S....
Business
Japan puts the brakes on lucrative used-car trade with Russia. According to trade statistics and market players, Japan’s decision to prohibit most used-car sales...
Business
Eni, an Italian energy company, revealed on Monday that it has made a significant gas find in Indonesia, extending its presence in the Asian...
Natural Resource Management
Explore Elon Musk’s game-changing impact on Renewable Energy and Solar Power. Learn how Musk’s vision is reshaping the energy landscape. KEY TAKEAWAYS Innovation...
Entrepreneurship
Discover how Elon Musk’s Boring Company is revolutionizing urban mobility with tunneling technology for traffic alleviation. KEY TAKEAWAYS Innovative Tunneling Technology: The Boring...
Business
On Friday, oil prices were mixed during a volatile trading session due to concerns about the macroeconomy and profit-taking. However, oil prices were expected...
Business
According to sources familiar with the situation, the private equity firm Carlyle Group Inc. (CG.O) has gone into exclusive discussions to purchase a controlling...
Economy
TSX climbs as GDP data cements hopes of interest rate pause. Even as it prepares to record its worst quarter in more than a...
Economy
Canada’s economy stalled in July as previous rate hikes took hold. The economy of Canada came to a standstill in July and inched up...
Business
Cathay Pacific Airways (0293.HK) of Hong Kong said on Friday that it has ordered 32 Airbus A321-200neo aircraft from Airbus (AIR.PA) for a basic...
Entrepreneurship
Explore the latest controversies surrounding Elon Musk and Tesla. Dive into the controversies that have shaped their journey. KEY TAKEAWAYS Elon Musk’s Twitter...
Business
According to a story published by Bloomberg News on Thursday, Epic Games, the company that created “Fortnite,” will be firing around 900 workers, or...
Business
Two people said that HSBC (HSBA.L) will purchase Citigroup’s (C.N.) China’s consumer wealth management unit, which handles more than $3 billion in assets, boosted...
Business
Wael Sawan, the CEO of Shell (SHEL.L), has come under fire from within the oil firm for his strategy after two workers sent a...
Business
The world’s largest e-commerce platform, Shopify (SHOP.TO), is investing in the wholesale platform Faire, the two firms said on Wednesday. As part of the...
Business
Lucid opened its first international EV factory in Saudi Arabia. A pact to advance Saudi Arabia’s push toward electrification saw electric car manufacturer Lucid...
Business
FTC’s Amazon antitrust lawsuit faces a high bar in USA court. Legal issues are present in the U.S. Federal Trade Commission’s (FTC) lawsuit accusing...
Business
U.S. sues eBay over sale of harmful products. The United States government filed a lawsuit against eBay (EBAY.O) on Wednesday, accusing the company of...
Business
Rami Baitiéh, who most recently served as the CEO of Carrefour France, has been selected to take over as the head of the British...
Economy
The rise in inflation in Australia for August was in line with predictions, and a measure of core inflation fell even more, which relieved...
Business
Ford Motor (F.N) halted development on a $3.5 billion electric car battery facility in Michigan on Monday, citing worries about its ability to operate...
Business
China’s Alibaba started restructuring with a plan to list its logistics arm in Hong Kong. Alibaba Group (9988. HK) began its reorganization on Tuesday...
Business
Uber partners with California taxi operators to boost supply. Uber Technologies (UBER.N) said on Tuesday that it is collaborating with Los Angeles Yellow Cab...
Business
To broaden its investigation into Wall Street’s use of private messaging apps, the U.S. securities regulator has gathered thousands of staff communications from more...
Business
Nissan Motor Co. (7201.T) announced on Monday that all new models it introduces in Europe would be electric, and by 2030, it intends to...
Business
Aviva (AV.L) announced on Monday that it has reached an agreement to purchase the life insurance business of AIG (AIG.N) in the United Kingdom...
Business
Oil prices dipped Thursday after the greatest monthly decline in the previous session as U.S. interest rate hike forecasts countered crude storage drawdowns. By...
Business
On Thursday, Australia’s industrial arbitration offered procedures to Chevron (CVX.N) and unions to resolve a long-running dispute over wages and conditions at two liquefied...
Business
According to sources familiar with the situation, Unilever Plc (ULVR.L) has recruited Morgan Stanley (MS.N) and Evercore Inc (EVR.N) to sell a basket of...
Business
EU antitrust regulators set Oct. 23 deadline for Arcelik, Whirlpool deal. According to a filing that the European Commission submitted on Thursday, EU antitrust...
Business
New Zealand’s economy increased more than predicted in the second quarter, driven by a services sector pick-up, avoiding a technical recession. This will aid...
Business
New Zealand’s Fonterra Co-Operative Group (FCG.NZ) reported a more than doubled annual profit on strong cheese and protein margins and a bigger final dividend...
Business
Ryanair (RYA.I) announced on Thursday that it will cut 17 flights from its winter schedule at Dublin airport and move all 19 of its...
Business
Qantas chairman refuses to quit amid investor pressure – ABC News. According to an interview with a radio show, the chairman of Australia’s Qantas...
Business
VinFast will deliver EVs to Europe this year as the EU probes China’s rivals. As the European Union mulls slapping tariffs on its Chinese...
Technology
WhatsApp, owned by Meta (META.O), announced on Wednesday that it will begin accepting credit card payments and services from competing digital payment providers within...
Economy
Swedish budget sets out tax cuts as defense spending ramps up. On Wednesday, Sweden’s 2024 budget pledged 39 billion crowns ($3.5 billion) in tax...
Business
On Wednesday, the Commonwealth Bank of Australia (CBA.AX) announced a partnership with Tesla (TSLA.O) to finance EV purchases. Customers can apply for personal loans...
Economy
U.S. business optimism about China’s outlook falls to record low, – survey. The percentage of U.S. companies enthusiastic about their five-year outlook in China...
Business
Asia stocks slide amid China woes; Japan catches up on chip sell-off. Concerns about the Chinese real estate market caused declines in markets from...
Business
The Canadian union Unifor announced late Monday that contract talks with Ford Motor (F.N) were ongoing. It recommended members to report for duty until...
Business
Swedish defense equipment manufacturer Saab (SAABb.ST) announced on Monday that the U.S. Department of Defense has placed a new order for $104.9 million for...
Business
Bob van Dijk has resigned as chief executive officer at both the Dutch-listed technology investor Prosus NV (PRX.AS) and its South African parent company...
Business
Alibaba Group Holding Ltd (9988. HK), a Chinese e-commerce behemoth, has informed Turkish President Tayyip Erdogan that it intends to invest in Turkey in...
Business
The strike-hit Wheatstone LNG project in Western Australia resumed full production on Monday after a problem last week curtailed production by around one-fifth. After...
Business
Salesforce to hire 3,300 people after layoffs earlier this year, Bloomberg reports. After making layoffs of 10% of its workforce in January of this...
Economy
Valero Energy (VLO.N) authorized a $2.5 billion share repurchase with no expiration date on Friday. Valero stated in a filing that the buyback would...
Business
President Joe Biden urged Detroit’s top automakers to provide more to striking employees on Friday, accusing them of making record profits without sharing them...
Business
Delta Air Lines (DAL.N) said it expects a limited impact from RTX’s (RTX.N) Pratt & Whitney engine quality difficulties soon but has yet to...
Business
Beijing blasts EU probe as protectionist as China’s EV maker stocks slide. As Chinese EV manufacturer shares fell on Thursday, Beijing condemned the European...
Finance
Euro rises from near 3-month low before ECB; Aussie jumps. After U.S. inflation data failed to change thoughts for a Federal Reserve pause next...
Business
BP (BP.L) CEO Bernard Looney’s untimely retirement has left the British oil corporation in a leadership crisis with no clear successor, business and industry...
Business
A senior executive said India’s Aeroflex Industries (AERO.NS), making metal hoses for utilities, refineries, and firefighting equipment, is negotiating to join the aerospace industry...
Business
H&M (HMb.ST) will offer secondhand clothing and accessories at its London flagship store starting Oct. 5, amid pressure on fast fashion businesses to reduce...
Politics
Hungary’s agricultural minister warned Wednesday that Romania, Slovakia, and Bulgaria would block Ukrainian grain imports to defend their markets if the EU doesn’t extend...
Business
BP (BP.L) CEO Bernard Looney resigned on Tuesday with immediate effect after less than four years in charge for failing to disclose prior personal...
Business
On Wednesday, Swiss engineering and technology giant ABB (ABBN.S) announced a $280 million robotics plant in Sweden to address rising demand from clients shifting...
Business
On Wednesday, the European Commission launched an anti-subsidy probe into Chinese electric cars, claiming large state subsidies were distorting the EU market. Electric cars...
Economy
Asian shares slip, and oil holds gains ahead of the US inflation test. Asian stocks slumped as Wall Street wobbled overnight, preparing for critical...
Technology
According to a blog post published Tuesday, TikTok has officially launched its e-commerce company in the United States after conducting tests there for the...
Business
In a Monday CNBC interview, UPS.N CEO Carol Tome claimed the union’s $30 billion five-year pact with Teamsters-represented employees would cost less. UPS Chief...
Business
Barclays laying off over 450 staff, UK trade union says. In a strategic move set to reshape the banking industry landscape, Barclays, one of...
Business
On Tuesday, GlobalFoundries (GFS.O), the world’s third-largest contract chipmaker, unveiled a semiconductor fabrication factory in Singapore that cost $4 billion. This opening was part...
Business
According to an internal letter that Reuters accessed, the newly appointed CEO of Alibaba Group, Eddie Wu, has informed employees that “user first” and...
Politics
France’s Macron says Bangladesh commits to ordering 10 Airbus aircraft. On Monday, Emmanuel Macron, the President of France, said that Bangladesh has committed to...
Business
On Monday, Waitrose and Aldi (ALDIEI.UL) announced further price cuts, easing food inflation in Britain. Waitrose will decrease the pricing of 250 more goods...
Business
Analysts believe Inditex (ITX.MC), the owner of Zara, is in a healthy financial position despite the industry-wide push to decrease garment prices due to...
Business
Oil prices ease, but supply cuts keep Brent above $90/bbl. Fuel demand fell on Monday due to a stronger U.S. currency and economic worries...
Business
Instead of reaching an agreement with unions, Chevron Australia (CVX.N) will use an unproven legal technique to avert industrial action at its Gorgon and...
Business
Country Garden faces fresh test for onshore bond extensions. After avoiding default at the last minute twice this month to provide some relief to...
Business
Following their best week in over two months, Indian shares are expected to begin slightly lower on Monday. Asian markets also began lower ahead...
budgeting
An Ad Valorem Tax: What Is It? A tax based on an item’s assessed value, such as real estate or personal property, is an...
Accounting
What is an Actuarial Life Table? An actuarial life table is a chart or spreadsheet that displays the likelihood that someone will pass away...
Business
Actuarial Gain Or Loss: What Is It? A rise or a reduction in the predictions used to evaluate the liabilities of a corporation’s defined...
Accounting
How Do You Define an Activity Ratio? One form of financial indicator is the activity ratio, which measures how well a firm turns its...
Accounting
What Does an Acquisition Cost Mean? An acquisition cost, also known as the cost of acquisition, is the entire cost that a business records...
Business
In an attempt to get regulatory permission for its almost $25 billion acquisition of Albertsons, a smaller competitor, Kroger (KR.N), said on Friday that...
Business
CME Group will cut 3% of its employees and reallocate roles. In a significant move, the CME Group, a leading financial derivatives exchange company,...
Economy
UPS wants a labor deal before August 1. United Parcel Service (UPS), a global logistics and package delivery service leader, has expressed its strong...
Business
European stocks rise as U.S. inflation cools. European shares have experienced gains as investors anticipate the release of crucial U.S. inflation data. The market’s...
Business
Renault, the renowned automotive brand, has reported a remarkable 11% increase in sales during the first half of the year. This impressive growth reflects...
Business
BP, a major energy company, has settled a long-standing legal case involving allegations of market manipulation in the US natural gas market. The settlement...
Economy
Gold falters as traders anticipate US inflation data. The price of gold remains steady as investors worldwide eagerly await the release of key US...
Business
Airbus opens a small jet production plant under A380’s shadow. Airbus, one of the world’s leading aircraft manufacturers, has recently inaugurated a new assembly...
Business
Indian court rejects PepsiCo’s potato patent revocation petition. PepsiCo, the multinational food and beverage company, faced a significant setback as an Indian court turned...
Business
After VW discounts, GM lowers China Lyriq EV price by 14%. General Motors (GM) has announced a 14% price reduction for its Lyriq electric...
Economy
Shareholders of Thames Water, one of the largest water utility companies in the UK, have committed to providing an additional £960 million in funding....
Business
Alibaba, Tencent soar as investors bet Tech censorship in China is over. Alibaba Group Holding Ltd’s stock is expected to open with a significant...
Business
French central bank chief advises against boosting ECB inflation objective. The head of the French Central Bank has cautioned against raising the inflation target...
Business
Ant Group, the Chinese financial technology giant, has announced a share repurchase plan that values the company at nearly $79 billion. This move signifies...
Business
China has concluded its regulatory revamp of Ant Group, the financial technology giant, by imposing a fine of at least $11 billion. This move...
Business
Continental, a leading automotive technology company, has announced plans to phase out its activities at the Gifhorn plant in Germany by the end of...
Business
Temu, a startup e-commerce platform, has announced its expansion into Japan, signaling its growth and ambition in the global market. This move presents new...
Business
Adani Green, a leading renewable energy company in India, is reportedly considering raising $1.5 billion in funding. This move comes as the company seeks...
Business
VW prepared for China metal curbs and chipmakers downplay fallout. Volkswagen, the renowned automotive manufacturer, has expressed its readiness to handle China’s metal curbs...
Business
Xpeng (9868. HK), a Chinese electric vehicle producer, expects its new model to outperform Tesla (TSLA.O) in the year’s second half. On Wednesday, Xpeng...
Business
Nikola (NKLA.O), struggling with cash and competition, reported higher wholesale and retail sales of its electric vehicles in the second quarter on Wednesday. Retail...
Business
Tesla Inc. (TSLA.O) dropped Japan’s Model 3 and Y prices by low single-digit percentages. According to its website, Tesla cut Model 3 and Model...
Business
In an interview published Wednesday, Stellantis CEO Carlos Tavares claimed that despite the French government’s demand for more locally made automobiles, the electric Peugeot...
Business
Russia-Saudi Energy Minister Prince Abdulaziz bin Salman told a conference on Wednesday that OPEC+ will do “whatever necessary” to assist the market. In response...
Business
After Goldman Sachs downgraded top lenders, including the Agricultural Bank of China (AgBank), Hong Kong-listed Chinese banking shares fell on Wednesday. The Hang Seng...
Business
According to sources, China-based online retailer Shein is in talks with the New York Stock Exchange and Nasdaq about a U.S. initial public offering....
Business
Airbus (AIR.PA) is testing radical new wing technology to build a successor to its best-selling A320 series, but it must cut prices. On Tuesday,...
Business
On Tuesday, Italy’s UniCredit (CRDI.MI) announced a new head of digital and a new director of operations to replace a Ping An Insurance executive...
Business
Thames Water, Britain’s largest water supplier, was fined 3.3 million pounds ($4.2 million) on Tuesday for contaminating waterways in 2017. In 2017, the firm...
Business
The UK’s FTSE 100 was flat on Tuesday as miners fell amid a weak Chinese demand outlook, but healthcare stocks rose after the previous...
Business
On Monday, Britain’s Financial Conduct Authority (FCA) announced it would punish house and vehicle insurance for failing to help suffering consumers. The FCA said...
Business
Glencore Plc (GLEN.L) offered $71 million to buy PolyMet Mining (PLM.A)’s remaining ownership on Monday. Swiss commodity trader owns 82.26% of PolyMet. Glencore is...
Business
British equities rose on Monday as mining firms surged on higher metal prices and other Chinese-exposed companies firmed in anticipation of greater policy assistance...
Agriculture
The Financial Times reported on Monday that the EU is exploring a proposal for the Russian Agricultural Bank to establish a subsidiary to link...
Business
On Monday, United Malt Group Ltd. (UMG.AX) accepted Malteries Soufflet’s A$1.5 billion ($999 million) buyout offer, making it the world’s largest malt maker. When...
Business
E.V. charger manufacturers and operators call Texas’ Tesla charging station mandate “premature,” according to a Reuters document and source. Last week, Reuters reported that...
Business
On Friday, Brazil’s Finance Ministry exempted enterprises in the tax collecting service’s new compliance program from federal taxes on e-commerce sales up to $50....
Business
Global M&A activity decreased 36% year-on-year in the second quarter, but investment bankers and attorneys were optimistic that the stock market’s recovery would eventually...
Business
Stellantis (STLAM.MI) struck an offtake and equity investment agreement with Australia-listed Kuniko (KNI.AX) to secure a consistent supply of battery materials. The two businesses...
Economy
Thomas Woldbye, CEO of Copenhagen Airport, will lead Western Europe’s busiest airport, Heathrow, later this year. Last year, Heathrow reclaimed its position as Western...
Business
According to the statement that the company made on Friday, Akio Toyoda, the chairman of Toyota Motor (7203.T), received a total compensation package of...
Business
Asian equities rose on Friday as dismal Chinese manufacturing activity data raised hopes for more stimulus and good U.S. economic data supported the Fed’s...
Business
Exxon Mobil (XOM.N) has committed to developing more than 6,100 lithium-rich acres in Arkansas with Tetra Technologies Inc. (TTI.N), its second effort to control...
Business
On Thursday, British banknote printer De La Rue (DLAR.L) maintained its 2017 adjusted operating profit target, supported by bid activity rebound and robust authentication...
Business
Siemens AG (SIEGn.DE) will transfer some of its ownership in Siemens Energy AG (ENR1n.DE) to its pension fund to minimize the writedown it must...
Business
U.K.’s FTSE 100 began modestly lower on Thursday as markets battled for direction after top central bankers signaled more policy tightening. At the same...
Business
BMW (BMWG.DE) announced on Thursday that it will construct its X3 model in South Africa in 2024, investing 4.2 billion rand ($225.09 million) to...
Finance
On Thursday, Britain’s accounting watchdog penalized PwC 1.99 million pounds ($2.51 million) for “serious and pervasive” audit failures in Eddie Stobart Logistics’ year-to-November 2018...
Economy
On Thursday, investors pulled profits on concerns that more interest rate hikes will slow economic growth and global fuel demand. Weak Chinese economic data...
Business
H&M (HMb.ST), the world’s second-largest fashion retailer, announced stronger-than-expected March-May profits and said third-quarter sales were off to a solid start as it tries...
Business
Procter & Gamble India announced a 20 billion rupee ($243.79 million) personal healthcare manufacturing facility in Gujarat. The firm said Wednesday that the plant...
Economy
Two individuals with direct information said India’s antitrust regulator is reviewing Air India’s planned merger with Vistara and has asked the business why it...
Business
On Wednesday, Boohoo (BOOH.L) encouraged Revolution Beauty (REVB.L) to hold a public meeting “without further delay” to remove CEO Bob Holt, Finance Chief Elizabeth...
Business
According to a term sheet reviewed by Reuters, Sichuan Kelun-Biotech Pharmaceutical wants to raise $208.6 million in a Hong Kong IPO. The term sheet...
Business
Rate surge complicates Generali $22 billion private equity portfolio sale. Three sources said rising interest rates complicate Assicurazioni Generali’s (GASI.MI) efforts to sell up...
Business
Shop price inflation slows in June, poll reveals. A Tuesday survey revealed that British shop price inflation eased this month, relieving households from rising...
Business
Despite the Republican campaign against climate-focused investing, U.S. asset managers integrate greenhouse gas emissions and other climate risks into their investment decisions as much...
Business
Nissan (7201.T) shareholders re-elected its CEO and other board nominees at an annual meeting on Tuesday, days after senior management split amid claims of...
Business
A Washington state official told Reuters that electric vehicle charging providers must use Tesla’s connection to participate in a federally funded highway electrification program....
Business
On Tuesday, Orange (ORAN.PA) and MasMovil’s planned merger of their Spanish operations may weaken competition and raise prices. EU antitrust officials said that the...
Business
Pertamina, Indonesia’s national energy provider, announced late Monday that it would work with Electrum to produce battery packs for electric motorcycles. On Friday, Electrum,...
Business
After a massive hacking breach, Australia’s banking regulator ordered Medibank (MPL.AX) to set aside A$250 million ($167 million) in extra capital. The nation’s largest...
Business
Russia, rates, and China worries shake Asian stocks. Asian equities swung on Tuesday as investors awaited interest rate hints and worried about China’s fragile...
Business
British grocer Sainsbury’s (SBRY.L) lowered prices again, adding to evidence that food inflation will moderate this year and help consumers struggling with a cost...
Business
Oil was marginally higher on Monday after an aborted weekend rebellion by Russian mercenaries increased concerns about petroleum supply, while markets lacked direction as...
Business
On Monday, 26-06-2023, Denmark’s Danske Bank said that Infosys (INFY.NS), India’s second-largest IT services provider, will accelerate its digital transformation. Infosys said the five-year,...
Breaking News
House group critical of the Twitter probe to grill FTC chair on July 13. The House Judiciary Committee, chaired by Republicans who have harshly...
Business
On Saturday, Energy Minister Chris Bowen announced that Australia would build a A$51 million ($34 million) renewable hydrogen facility in Victoria state. Bowen said...
Economy
After a tender offer, Japanese online financial conglomerate SBI Holdings Inc (8473.T) acquired 53.74% of midsize lender SBI Shinsei Bank (8303.T). After Friday’s tender...
Business
SolarWinds (SWI.N) announced that some of its former and present officials had received Wells notices from the SEC regarding a massive 2020 data breach....
Business
Cathay Pacific (0293. HK) flight CX880 aborted takeoff early Saturday at Hong Kong’s international airport owing to a technical fault, injuring 11 persons. Hong...
Economy
UAE bourses rise despite poor soil, rate-hike bets. Investors appeared to shrug off a drop in oil prices on Friday as fears over sluggish...
Business
After Starbucks (SBUX.O) prohibited Pride Month decorations at its cafes, the baristas’ union announced on Friday that more than 150 outlets and 3,500 workers...
Business
On Friday, Danish brewer Carlsberg (CARLb.CO) announced it had struck a deal to sell its Russian company but did not name the buyer or...
Business
GSK (GSK.L) settled its first U.S. lawsuit alleging its discontinued heartburn medicine Zantac caused cancer on Friday, avoiding a trial next month. The corporation...
Technology
Last Monday, India’s corporate affairs ministry requested an inquiry from edtech firm Byju’s, CNBC-TV18 reported. According to the news outlet, the ministry has noted...
Business
Nasdaq’s $10.5 billion investment in Adenza, a little-known financial software startup, will help the exchange operator dramatically expand its risk management, regulatory, and anti-financial...
Business
Uber Technologies (UBER.N) announced on Wednesday that it was slashing 200 jobs in its recruitment division to maintain staffing levels and decrease costs. The...
Business
According to plant operators, Exxon Mobil Corp.’s (XOM.N) 564,440-bpd Baytown, Texas, refinery’s reformer fire was rapidly doused on Wednesday. Sources say the 65,000-bpd Hydroformer...
Economy
After Federal Reserve Chair Jerome Powell delivered a predictable semi-annual testimony, the dollar remained near a one-month low against a basket of currencies on...
Business
According to Bloomberg News, Telecom Italia (TLIT.MI) may sell a minority stake in its enterprise unit for more than 6 billion euros ($6.6 billion)....
Business
Oil steady after a surprising drop in U.S. crude stocks balances demand fears. Oil prices held onto most of the previous day’s gains in...
Business
Mastercard (MA.N) launched a global credit and debit card recycling program on Wednesday to preserve the billions of cards in circulation from landfills. Mastercard...
Business
Oil rises due to Fed hawkishness outweighing Chinese demand concerns. After two consecutive losses, oil prices rallied early on Wednesday as anticipation of aggressive...
Business
After a train hauling iron ore near Dampier derailed over the weekend, Rio Tinto (RIO.AX), the world’s largest iron ore miner, reopened a rail...
![] A view of the exterior of the JP Morgan Chase & Co. corporate headquarters in New York City May 20, 2015. REUTERS/Mike Segar/File Photo](https://www.biznob.com/wp-content/uploads/2023/04/JP_800x500-600x337.jpeg)
![] A view of the exterior of the JP Morgan Chase & Co. corporate headquarters in New York City May 20, 2015. REUTERS/Mike Segar/File Photo](https://www.biznob.com/wp-content/uploads/2023/04/JP_800x500-100x100.jpeg)
Business
Cleareye.ai, a trade finance financial technology company, announced a strategic investment from JPMorgan (JPM.N). Last September’s commercial deal didn’t disclose financial details. Trade finance...
Business
Hyundai Motor Co (005380. K.S.) announced on Tuesday that it will invest 109.4 trillion won ($85.4 billion) through 2032, dedicating a third to meet...
Business
Hyundai Motor (005380. K.S.)’s CEO said Tuesday that the South Korean carmaker may make its vehicles more compatible with Tesla (TSLA.O)’s North American charging...
Business
Alibaba Group (9988. HK) announced Tuesday that CEO and chairman Daniel Zhang would step down to focus on its cloud division as the Chinese...
Business
According to a story from Bloomberg News on Tuesday, citing people familiar with the situation, Grab Holdings (GRAB.O), located in Singapore, is planning its...
Business
After China dropped benchmark lending rates less than expected on Tuesday, oil prices fell, raising concerns about oil consumption in the world’s largest crude...
Business
Asia shares plunge on China’s small rate drop. As investors awaiting a larger stimulus package from Beijing, Asian stocks dipped on Tuesday. On Tuesday,...
Business
On Monday, McDonald’s Japan announced pricing increases at 184 city center locations, 6% of its 3,000 outlets, to offset rising rents and labor costs....
Business
On Monday, billionaire investor Warren Buffett’s Berkshire Hathaway (BRKa.N) increased their interest in Japan’s five largest trading firms to over 8%, highlighting and boosting...
Business
Goldman Sachs (GS.N) analysts have lowered China’s economic growth projections due to consistently low confidence and the housing market’s cloud. According to a report...
Business
Rio Tinto (RIO.AX) was recovering approximately 30 wagons of a self-driving iron ore train that derailed in Western Australia on Monday. Analysts warned the...
Business
Asian equities stall rally, eyeing China stimulus, Powell testimony. After their best weekly run in five months, Asian shares started cautiously on Monday as...
Business
On Friday, Tata Consultancy Services (TCS.NS) said it had agreed with insurance provider Transamerica to discontinue a $2 billion contract due to a difficult...
Business
Westpac (WBC.AX) projected Australia’s cash rate peak to 4.6% on Friday, predicting quarter-point hikes in July and August. Rates are at an 11-year high...
Business
Inflation drove a 9% increase in underlying UK sales for Britain’s largest retailer, Tesco (TSCO.L). On Friday, the business, which controls over 27% of...
Business
The China-led Asian Infrastructure Investment Bank (AIIB) said it would assist with a Canadian government examination prompted by a top employee’s resignation over Chinese...
Business
Asian markets surged to a four-month high on Friday as U.S. economic data fueled views that the Federal Reserve is nearing the end of...
Economy
Indian equities flat following Fed’s hawkish pause; FMCG stocks surge. After the Fed left rates steady, consumer and pharma companies climbed on Thursday. As...
Business
Stocks stagnate as U.S. rates rise for longer. After the U.S. Federal Reserve decided not to raise interest rates for the first time in...
Business
On Thursday, an Australian state banned PricewaterhouseCoopers‘ (PwC) local business from getting new tax-related contracts for three months. A former PwC tax partner who...
Business
HSBC (HSBA.L) and Standard Chartered (STAN.L) are among lenders under pressure from Hong Kong’s banking regulator to accept crypto exchanges as clients, the Financial...
E-commerce
China’s e-commerce shipments will lose U.S. tariff protection under the proposed bill. One sponsor said a bipartisan group of U.S. congressmen would present a...
Business
According to its website, Tesla Inc (TSLA.O) raised the US pricing of its Model Y electric car on Tuesday. The website showed that the...
Business
Siemens (SIEGn.DE) announced it would develop a new industrial automation unit in Singapore to meet rising automation technology demand in Asia. “Siemens intends to...
Business
On Tuesday, Ashtead Group (AHT.L) announced greater yearly revenue and profit due to robust U.S. businesses’ demand for construction and industrial equipment. Sunbelt Rentals,...
Business
Toyota announces battery and EV innovations. Toyota Motor (7203.T) will use high-performance, solid-state batteries, and other technologies to increase electric car range, performance, and...
Business
On Tuesday, HSBC (HSBA.L) announced it would close its wealth and personal banking division in New Zealand as it leaves less lucrative areas worldwide...
Business
Two sources close to Volkswagen (VOWG_p.DE) said Monday that the supervisory board would meet on Tuesday to discuss a savings program ahead of its...
Business
On Monday, Novo Nordisk (NOVOb.CO) said it would invest 15.9 billion Danish crowns ($2.29 billion) to develop a Danish production facility for serious chronic...
Business
Novartis (NOVN.S) will buy Seattle company Chinook Therapeutics (KDNY.O) for up to $3.5 billion to add a rare severe kidney disease treatment to its...
Business
The Saudi state news agency reported that Saudi Arabia’s Ministry of Investment struck a $5.6 billion deal with Chinese electric car producer Human Horizons...
Economy
CEO Frans Muller told Reuters that Ahold Delhaize has reached “roughly half” of its target to grow revenue from businesses beyond grocery stores to...
Business
Oil prices fell on Monday ahead of a U.S. Federal Reserve meeting as investors assessed the central bank’s appetite for rate hikes and worried...
Economy
CEO Andrei Kostin told Reuters that VTB, Russia’s second-largest bank, will sell its interest in Demetra-Holding, one of Russia’s top grain dealers. Demetra operates...
Business
Consumer groups complained Britain’s largest supermarket, Tesco (TSCO.L), to the competition authorities for failing to disclose loyalty card pricing. On Friday, Tesco claimed that...
Business
This week, a business conference in Riyadh will bring together Chinese entrepreneurs and investors to discuss expansion and financing opportunities amid warmer diplomatic relations....
Finance
Dollar falls after jobless claims rise; Fed in spotlight. After a jump in weekly unemployment claims raised hopes that U.S. interest rates were nearing...
Business
BYD launched a new brand of electric vehicles (EVs) on Friday, including off-road and sports cars, to fulfill increasingly diverse consumer demand. “Formula” and...
Business
Two sources said Tokio Marine Holdings (8766.T) had hired Goldman Sachs (GS.N) and Jefferies (JEF.N) to sell its $1 billion Southeast Asia life insurance...
Business
Yandex (YNDX.O), a Russian internet company, announced Thursday that it would retain its Nasdaq Stock Exchange listing if it restructures and sells its Russian...
Business
In the first quarter, M&G (MNG.L)’s wholesale asset management business received 1 billion pounds ($1.25 billion) of net inflows, offsetting institutional client redemptions. Despite...
Business
BlackRock plans a $7 billion Global Renewable Power Fund. As clients increase climate-friendly investments, BlackRock (BLK.N), the largest asset management, seeks to raise $7...
Economy
Asian stocks fall as Fed rates worry traders. On Thursday, a surprise Bank of Canada interest rate hike raised concerns that U.S. rates could...
Business
As renewable energy grows, Japan’s Itochu Corp (8001.T) announced Wednesday that it had formed a power storage company alongside Osaka Gas Co (9532.T) and...
Economy
Britain’s resource-heavy stock indexes fell on Wednesday as negative Chinese trade data drove miners lower and terrible domestic house prices data drove homebuilders lower....
Business
Three sources told Reuters that Vodafone (VOD.L) and CK Hutchison (0001. HK) are close to announcing their British operations merger on Friday or early...
Business
CFO Dmitry Pyanov said Russia’s No. 2 lender VTB (VTBR.MM) plans to raise 94 billion roubles ($1.15 billion) in its secondary public offering (SPO),...
Business
Chongqing Changan Automobile (000625. SZ) rejected local media reports that it arbitrarily lowered supplier payments by 10% in a statement to Reuters on Wednesday....
Business
China’s exports and imports fell quicker than predicted in May, heightening concerns about the fragile economic recovery. Global demand, especially from developed economies, remained...
Business
Zara owner Inditex (ITX.MC) reported a 54% increase in first-quarter profit on Wednesday as sales kept pace after a successful 2022 beating other stores...
Business
China’s largest commercial property developer, Dalian Wanda Group, had 1.98 billion yuan ($278.18 million) in shares frozen by a Shanghai court. Dalian Wanda Commercial...
Business
Ford Motor Co. (F.N) appointed Liz Door as its chief supply chain officer on Tuesday amid parts shortages and escalating prices. Starting June 12,...
Business
World stocks stagnate as speculators await Fed pause. Soft U.S. economic statistics reinforced concerns the Federal Reserve may not raise interest rates next week,...
Finance
Westpac Banking Corp (WBC.AX), Australia’s largest lender, raised its home loan variable interest rates by 25 basis points (bps) on Tuesday to match the...
Business
TSMC (2330. T.W.)’s chairman said Tuesday that the business is “good” about talks for a prospective first European factory in Germany and is considering...
Business
On Tuesday, financial network Calastone reported that U.K. investors bought money market funds at the fastest rate since last year’s failed “mini-budget.” Calstone’s fund...
Business
On Tuesday, Emirates President Tim Clark stated that the Dubai-based carrier may add Airbus A350, Boeing 777X, or 787 jets to fulfill 2030 demand....
Business
Associated British Foods (ABF.L), which owns Primark and other sugar, food, and ingredients companies, will buy dairy technology startup National Milk Records for 48...
Business
On Tuesday, British American Tobacco (BATS.L) reaffirmed its year sales and profit estimates. However, it said it would focus on the second half, counting...
Business
Tony Tang, BlackRock Inc.’s (BLK.N) head of China business, leaves the asset manager after helping build its operations in the world’s second-largest economy. The...
Business
Five sources told Reuters that Elon Musk’s brain implant business Neuralink, estimated at close to $2 billion in a private fundraising round two years...
Business
On Monday, a European derivatives committee declared Casino (CASP.PA), France’s debt-laden retailer, has not had a bankruptcy credit event, dashing investor hopes for a...
Economy
On Monday, Kremlin spokesman Dmitry Peskov said OPEC+ is vital to energy market stability. OPEC+ pumps 40% of global crude and has decreased by...
Business
Due to China’s post-pandemic recovery, German exports climbed sharply in April, but analysts warned that the impetus could be short-lived. The federal statistics office...
Business
Volvo automobiles (VOLCARb.ST) sold 60,398 automobiles in May, up 31% year-over-year. The 31% increase follows a difficult 2022, when COVID-19 lockdowns in China, chip...
Business
On Monday, the Nikkei share average reached its highest level in 33 years as Wall Street rallied and investors gambled on domestic equities expecting...
Business
Barclays Private Bank (BARC.L) announced two senior hires in its Singapore office on Monday to capitalize on the wealth and growth of family offices...
Business
On Monday, Novo Nordisk announced plans to acquire a majority share in French medical device maker Biocorp (ALCOR.PA). The Danish business said it was...
Business
On Monday, a private-sector survey revealed that China’s services activity increased in May as new orders supported a consumption-led economic recovery in the second...
Business
After strong U.S. jobs data, Asian traders priced in longer-term higher interest rates, strengthening the currency. After Chinese services activity rose, the Australian dollar...
Economy
Asian markets extend global gain; Saudi cuts boost oil prices. After mixed U.S. jobs data, Asian markets extended a global surge on Monday as...
Business
Indian stocks rise on Fed rate hike halt prospects. Mixed U.S. jobs statistics raised concerns that the Federal Reserve may not raise interest rates...
Business
UBS Group AG (UBSG.S) aims to retain more than 100 Credit Suisse Group AG (CSGN.S) investment bankers in Asia, Bloomberg News reported on Sunday....
Business
A top executive said Friday, despite a weak global economy, Walmart (WMT.N) intends to double its foreign gross merchandise volume to $200 billion in...
Business
As part of India’s electric car supply chain, Tata Group signed an outline deal on Friday to establish a lithium-ion cell facility for 130...
Business
French Renault consumers to file criminal case over faulty engines. A group of consumers wants to file a criminal lawsuit against Renault (RENA.PA) next...
Business
Exclusive: Barclays CEO to stop US talent flight. According to sources, Barclays CEO C.S. Venkatakrishnan hosted a virtual town hall this week to address...
Business
After visiting China this week, JPMorgan Chase & Co (JPM.N) CEO Jamie Dimon will visit Taiwan on Friday, a source said. Dimon’s visit to...
Business
California, New York pensions reject Toyota chairman. Shareholder voting records showed that two top U.S. public pension systems voted against Akio Toyoda’s re-election, focusing...
Business
On Thursday, Exxon Mobil (XOM.N) CEO Darren Woods said new technologies would double oil production from the company’s U.S. shale properties in five years....
Business
Largest Australian pension fund suspends auditing by PwC. Australia’s largest pension fund will stop using PricewaterhouseCoopers (PwC)’s local business after the “big four” firm...
Economy
Shares rise on U.S. debt bill passage; Fed delays chatter. Global shares jumped Thursday as predictions for a U.S. rate hike. However, this month...
Business
Two sources with knowledge of the subject said Southeast Asian e-commerce and gaming giant Sea Ltd (SE.N) is closing down its investment unit amid...
Business
Daiwa Securities Group Inc (8601.T) plans to hire more bankers and acquire boutique businesses to increase M&A consulting income by 50% in eight years...
Business
JPMorgan Chase & Co (JPM.N) CEO Jamie Dimon said the U.S. and China need “real engagement” to tackle their complex security and trade issues....
Business
In an interview posted Wednesday, Chief Operating Officer Ralf Brandstaetter said Volkswagen (VOWG_p.DE) will not participate in a discount competition in China “at any...
Business
Faraday Future Intelligent Electric (FFIE.O) unveiled its $309,000 limited edition FF 91 2.0 Futurist Alliance EV. The 300-unit model was available for US and...
Business
Britons‘ bargain hunting boosts B&M’s profits. British discount retailer B&M (BMEB.L) anticipated stronger core earnings for the 2023-24 financial year on Wednesday as customers...
Business
On Tuesday, Stellantis (STLAM.MI) CEO Carlos Tavares said the business needs one or two more major US battery factories to meet its manufacturing ambitions....
Business
On Tuesday, a Swiss Social Democratic Party politician suggested shrinking UBS (UBSG.S) assets after its merger with Credit Suisse (CSGN.S) to avoid another costly...
Politics
U.S. debt ceiling pact will be tested in Congress. On Tuesday, Congress will vote on a bipartisan compromise to raise the $31.4 trillion U.S....
Business
PwC Australia may lose government audit contract, Treasury boss says. An official told a senate inquiry that Australia’s Treasury department may not renew a...
Business
Pitkethly is to retire in 2024 as Unilever CFO. On Tuesday, Unilever Plc (ULVR.L) announced that Chief Financial Officer Graeme Pitkethly would retire in...
Business
On Tuesday, Qantas Airways (QAN.AX) predicted that its international divisions would be twice as profitable in the post-COVID era due to a tourism boom,...
Business
On Tuesday, Yomiuri reported that Mitsubishi Motors Corp (7211.T) will extend its China manufacturing suspension beyond May. Mitsubishi Motors is considering starting production with...
Business
On Monday, Reliance Industries Ltd. (RELI.NS)’s JioCinema streaming platform announced a deal with NBC Universal Media to bring more Hollywood content to Indian customers....
Economy
European taxis joining Uber, according to executive. An executive told Reuters that Uber (UBER.N) is attracting European taxi drivers, despite the company’s history of...
Business
As post-COVID tourism in Southeast Asia rises, Singapore Airlines Ltd (SIAL.SI) and Garuda Indonesia (GIAA.JK) announced a joint venture (JV) to boost passenger capacity...
Business
Newcrest’s Cadia mine license in NSW is still under consideration. Newcrest Mining Ltd.’s (NCM.AX) most lucrative gold mine in New South Wales is still evaluating...
Business
ICICI Lombard General Insurance Co Ltd (ICIL.NS) shares soared 14.2% on Monday after ICICI Bank Ltd. (ICBK.NS) approved a 4% stake increase in multiple...
Business
A U.S. debt ceiling deal and a cheaper currency lifted Japan’s Nikkei share average to its highest level since July 1990 on Monday. Japanese...
Business
AMP (AMP.AX) announced that Blair Vernon would succeed Peter Fredricson as chief financial officer and abolish its local wealth management subsidiary to simplify its...
Economy
Indonesian state utility Perusahaan Listrik Negara [RIC:RIC: PLNEG.UL] requested $700 million to erect a 200-megawatt (MW) solar panel to replace diesel power generators. The...
Finance
Israel watchdog requests bank data for interest rate probe. On Sunday, Israel’s competition watchdog requested more data from the country’s banks, alleging they were...
Business
Deputy U.S. Trade Representative Sarah Bianchi told Reuters that the U.S. would not hinge its decision on a “breakthrough” in U.S.-China trade relations. Bianchi...
Business
ConocoPhillips (COP.N) bought TotalEnergies’ (TTEF.PA) Canadian subsidiary’s 50% stake in the Surmont oil complex for $3 billion, displacing Suncor Energy. Cash-flush producers want to...
Business
As the ruling Law and Justice (PiS) party prepares for a legislative election later this year, Family and Social Policy Minister Marlena Malag announced...
Business
JPMorgan is shedding 500 positions this week. According to someone familiar with the situation who requested anonymity, JPMorgan Chase & Co. (JPM.N) is reducing...
Economy
Treasury Secretary Janet Yellen said Congress must raise the $31.4 trillion debt ceiling by June 5, or the US will default. Yellen had predicted...
Business
Hyundai Motor Group and L.G. Energy Solution Ltd (LGES) (373220. K.S.) said Friday that they would establish a $4.3 billion electric vehicle (E.V.) battery...
Business
After a wave of insurers left an industry climate group under U.S. pressure, the Glasgow Financial Alliance for Net Zero (GFANZ) claimed on Friday...
Business
On Friday, Italy’s second-largest bank UniCredit (CRDI.MI), expanded its payments cooperation with Mastercard (MA.N). UniCredit said the partnership spans 13 banks in 12 markets...
Business
On Friday, Norway’s $1.4 trillion wealth fund, the world’s largest stock market investor, said it would vote against oil majors Chevron (CVX.N) and ExxonMobil...
Finance
A Singapore court ordered Credit Suisse (CSGN.S) to pay $926 million for failing to protect the assets of a former Georgian prime minister. Former...
Business
U.K. equities climbed on Friday after retail sales surprisingly rose in April, indicating consumer spending resilience despite high inflation. In addition, Rio Tinto had...
Finance
Despite falling inflation, Kotak Mahindra Bank’s treasury chief suggested the RBI may decrease interest rates only at the end of the year. Inflation is...
Business
Oil prices were unchanged on Friday amid conflicting supply messages from Russia and Saudi Arabia ahead of the next OPEC+ policy meeting, a stronger...
Business
On Thursday, the U.S. will sell oil and gas drilling rights on federal lands in New Mexico and Kansas, more than 10,000 acres (40.5...
Business
Medtronic Plc (MDT.N) predicted annual earnings below Wall Street projections on Thursday, expecting a higher currency to continue lowering overseas sales. Medtronic expects a...
Business
On Thursday, Italian Economy Minister Giancarlo Giorgetti told Ansa news agency that Lufthansa (LHAG.DE) CEO Carsten Spohr will visit Rome to explore investing in...
Business
Nvidia nears first trillion-dollar chip maker following outstanding prediction. Generative AI is everywhere, all at once, for Nvidia Corp (NVDA.O). After a spectacular projection...
Finance
On Thursday, the Royal Bank of Canada (RY.TO) and CIBC (CM.TO) announced a decline in second-quarter earnings as harsh economic conditions forced the lenders...
Business
Stellantis funds US startup Lyten to build lithium-sulfur batteries. On Thursday, Lyten and Stellantis (STLAM.MI) announced an investment to help the U.S. startup develop...
Business
On Thursday, CIBC (CM.TO) announced a drop in second-quarter profit due to greater provisions for failed loans due to the economy. On Wednesday, the...
Auto Repair
On Thursday, Great Wall Motor (601633. SS) reported BYD (002594. SZ) to China’s regulators, alleging that its two top-selling hybrid models did not fulfill...
Technology
Sony chip firm buys Kumamoto land. Sony Corporation plans to buy 27 hectares (270,000 square meters) in Kumamoto Prefecture, Japan, to boost its semiconductor...
Business
Embraer (EMBR3.SA) expressed “full support” for Pratt & Whitney as it confronts durability issues on its latest jet engines but said a separate business...
Breaking News
Bank of America redeploys 40 Asia bankers as China dealmaking lags. A source familiar with the matter said Bank of America Corp (BAC.N) had...
Business
Treasury Wine Estates (TWE.AX) dropped nearly 8% on Thursday after warning that inflation was restricting demand for its commercial-grade wine and raising packaging costs....
Economy
Hungary amends Russian nuclear plant deal with EU approval. On Thursday, Foreign Minister Peter Szijjarto said the European Commission approved Hungary’s amendment of Rosatom’s...
Business
Since Western sanctions over Ukraine disrupted Russia’s usual export routes, Russian customs data show that the UAE is a major gold trade hub. The...
Business
On Thursday, the U.K.’s FTSE 100 fell as investors worried about the Bank of England’s monetary tightening, while Cineworld surged as the theater operator...
Business
Following a security warning from the U.S. National Highway Traffic Safety Administration, VinFast recalls its initial US-bound electric vehicles. The NHTS stated VinFast recalled...
Business
Analog Devices Inc. (ADI.O) announced that a volatile economy will hurt its third-quarter earnings, sending its shares down more than 5% in premarket trade....
Business
Kohl’s Corp (KSS.N) announced an unexpected profit on Wednesday as its new CEO’s efforts to cut inventory and costs paid off, driving its shares...
Finance
On Wednesday, a government official told the Wall Street Journal that the Cayman Islands Monetary Authority (CIMA) is considering legal action after the U.S....
Business
On Wednesday, the IMF’s managing director indicated she doesn’t expect US dollar holdings to change quickly. Kristalina Georgieva stated, “We don’t expect a rapid...
Business
On Wednesday, Swatch Group (UHR.S) said Malaysian officials confiscated its rainbow-colored LGBT rights watches. On May 13 and 14, Malaysia’s Ministry of internal affairs...
Business
NZ central bank stops raising rates after the 14-year peak. After raising rates to 5.5% on Wednesday, New Zealand’s central bank signaled it was...
Business
British insurer and asset manager Aviva (AV.L) reported growth in major business lines in the first quarter of 2023, while net flows to its...
Economy
Asia stocks fall; Kiwi dollar falls as RBNZ hints hikes. As U.S. debt ceiling negotiations dragged on, Asian stocks extended a global sell-off, while...
Business
Two sources said BlackRock (BLK.N), the world’s largest asset manager, has selected Giovanni Sandri, its current head of Italy, as head of southern Europe,...
Business
Yelp Inc (YELP.N) shares rose 10% in premarket trade Tuesday after activist investor TCS Capital Management advised the service-recommendation site to sell or merge...
Business
On Tuesday, a source claimed Alibaba Group Holding Ltd.‘s (9988. HK) cloud unit began cutting 7% of its personnel to prepare for an IPO....
Business
On Tuesday, Lowe’s Cos Inc (LOW.N) lowered its year comparable sales and profit estimates as high inflation cuts consumer discretionary spending and home renovation...
Business
According to a source, Bain Capital’s Virgin Australia airline aims to debut on the ASX for A$1 billion in November. In October 2021, GQG...
Business
The FTSE 100 fell on Tuesday due to uncertainty about the U.S. debt settlement, although BT Group climbed as billionaire Patrick Drahi increased his...
Business
Adani Enterprises Ltd. led Adani Group gains on Tuesday after a Supreme Court panel found it “impossible to conclude regulatory failure on allegation of...
Business
Oil rises on tighter supplies and increasing gasoline demand. On Tuesday, investors expected a tighter market due to seasonal gasoline demand and OPEC+ supply...
Business
Qantas Airways (QAN.AX) anticipated a record annual profit. On Tuesday, they increased its share buyback scheme by up to A$100 million ($67.83 million), courting...
Business
According to the British Chamber of Commerce in China, most British companies are taking a “wait and see approach” to new investments in China...
Business
On Monday, executives told investors that JPMorgan Chase & Co. (JPM.N) would earn $3 billion more in interest payments from its failing First Republic...
Business
On Monday, four sources reported German media giant ProSiebenSat.1 (PSMGn.DE) and European pay-TV operator Sky had resumed merger talks. German broadcasters struggle to adapt...
Business
Mizuho’s $550 million Greenhill purchase expands U.S. banking. As Japan’s No. 3 lender seeks a larger portion of the world’s largest investment banking fee...
Business
On Monday, Volvo Group (VOLVb. S.T.) announced that Volvo Vehicles would supply 1,000 electric vehicles to Swiss building solutions provider Holcim (HOLN.S), the largest...
Business
On Monday, Chevron Corp (CVX.N) acquired shale producer PDC Energy Inc (PDCE.O) in a $7.6 billion stock-and-debt deal. After Russia invaded Ukraine last year,...
Business
Ford Motor Co. (F.N.) announced three lithium product supply partnerships, including lithium hydroxide, on Monday as it ramps electric vehicle (E.V.) manufacturing to 2...
Business
On Monday, an Indian appeals tribunal upheld insolvency proceedings against cash-strapped airline Go First, making it harder for lessors to repossess their aircraft. At...
Business
European equities started cautiously on Monday, and Wall Street futures struggled as U.S. debt ceiling negotiations neared crunch time. President Joe Biden and House...
Business
The Banking Times reported on Monday that Credit Suisse AG (CSGN.S) workers are prepared to sue the Swiss banking regulator for over $400 million...
Business
Britain sold 1.26 billion pounds ($1.59 billion) of NatWest shares on Monday, lowering its ownership to 38.6%. “Today’s sale is another major milestone in...
Business
Ryanair (RYA.I) reported a near-record profit of 1.43 billion euros ($1.57 billion) in the year to end-March and said it was cautiously optimistic that...
Breaking News
After a pleasant phone discussion on Sunday, as the president flew back to Washington, President Joe Biden and House Republican Speaker Kevin McCarthy will...
Business
China’s Micron ban revives US trade tensions, boosts Asian chip rally. On Monday, some Chinese and South Korean chipmaker stocks rose after Beijing prohibited...
Business
Russia and Cuba sign deals to revive the communist island’s economy. At a summit in Havana this week, Russian and Cuban authorities and business...
Business
Mondelez International Inc (MDLZ.O) was acquitted of defrauding consumers with its Trident “Original Flavor” gum. U.S. District Judge Iain Johnston called it “fanciful” to...
Business
According to Chinese customs data, wigs and fertilizer were among China’s top exports to North Korea in April. China’s General Administration of Customs reported...
Business
Ukrainian firms seek expansion overseas as violence rages at home. Rostyslav Vovk realized he needed to expand his pet food company abroad after Russia...
Business
Chinese EV producer Nio invests in a nuclear fusion startup. According to a source with direct information and a corporate filing, Chinese electric vehicle...
Business
India and the UK are far apart on a free trade deal. Indian sources stated that disparities in tariff lines and investment protection laws...
Business
Brazil’s Finance Minister Fernando Haddad warned that the new government may delay its inflation target. “I think this improvement is to be made,” he...
Business
Oil prices rose on Friday after falling more than 1% as investors became cautiously hopeful about the U.S. debt default risk. By 0420 GMT,...
Business
On Friday, Qantas Airways Ltd. (QAN.AX), Australia’s flag carrier, said it wants to add seats and aircraft to its worldwide network to reach around...
Business
AMP was fined $16 million for billing deceased customers. AMP Ltd. (AMP.AX) will pay a court-mandated penalty of A$24 million ($16.3 million) for invoicing...
Business
In a Thursday evening consultation paper, India’s capital market regulator proposed consistent expense ratios for mutual funds to increase investor transparency. SEBI suggested including...
Business
On Thursday, the Chinese embassy in Washington announced that China’s commerce minister would visit the U.S. next week to meet with the commerce secretary...
Business
On Thursday, a source said Lazard Ltd. (LAZ.N) CEO Ken Jacobs would step down and be replaced by Peter Orszag, who heads the investment...
Business
Walmart Inc. (WMT.N) boosted its yearly sales and profit projections on Thursday as shoppers sought grocery deals. The top U.S. retailer by sales increased...
Business
Before meeting with Prime Minister Rishi Sunak on Thursday, Japanese companies pledged roughly 18 billion pounds ($23 billion) in Britain, including offshore wind power...
Business
Wall Street’s debt ceiling optimism boosts Asian stocks. Asia shares surged on Thursday, following Wall Street, while the dollar hovered just below a two-month...
budgeting
The World Bank reported Thursday that COVID-19 spending had put six Pacific nations in danger of debt hardship. Raising Pasifika recommended fiscal consolidation in...
Business
In April, China-bound shipments fell, dragging down Japan’s export growth. On Thursday, Ministry of Finance data showed that exports grew 2.6% in April from...
Business
After an internet-fueled run collapsed Silicon Valley Bank two months ago and shook the industry, bankers bolstered social media risk management, monitoring, and emergency...
Business
Indian and Asian shares rose on Thursday after signs that the U.S. was close to raising its debt ceiling. The Nifty 50 (.NSEI) increased...
Business
Deutsche Bank AG (DBKGn.DE) will pay $75 million to settle a lawsuit by women who claim Jeffrey Epstein abused them and that the German...
Business
Target Corp. (TGT.N) anticipated a second-quarter sales decrease and a profit below Wall Street projections on Wednesday as shoppers shun non-essentials like gadgets and...
Business
On Wednesday, a bookrunner said that Blackstone BX.N and Thomson Reuters TRI.TO sold 33 million London Stock Exchange Group LSEG.L shares for 2.7 billion...
Business
After weaker-than-expected economic data from the world’s two major oil customers, the United States and China, oil prices fell again on Wednesday. Brent futures...
Business
Japan supports G7 gas, but corporations may face long-term issues. Last month, Japan’s energy businesses welcomed the G7’s backing for natural gas investment, but...
Business
Japan subsidizes the Samsung chip plant. A source with direct knowledge of the situation said Japan is arranging subsidies of up to 15 billion...
Business
On Wednesday, British credit data giant Experian Plc (EXPN.L) said it expected its annual organic revenue to expand between 4% and 6% due to...
Business
Former First Republic firm CEO Michael Roffler blamed the firm’s collapse on contagion from other regional bank failures and said authorities did not raise...
Business
On Wednesday, French catering giant Elior (ELIOR.PA) upped its annual sales target but decreased profit prediction due to slower volume growth and inflationary pressures....
Business
As it prepares to rescue Credit Suisse Group AG (CSGN.S), UBS Group AG (UBSG.S) indicated in a presentation early on Wednesday that the buyout...
Business
On Wednesday, Commerzbank (CBKG.DE) reported a better-than-expected first-quarter net profit. The quarter’s net profit of 580 million euros ($638.46 million) compared to 298 million...
Business
After beating second-quarter sales forecasts, Siemens (SIEGn.DE) boosted its full-year revenue and profit guidance on Wednesday. The train and industrial software provider now predicts...
Business
According to a Tuesday regulatory filing, Credit Suisse Group AG cannot do business until its acquisition by rival UBS Group AG (UBSG.S) is complete....
Business
Indian shares fall on profit booking amid results rush. Indian markets dipped on Wednesday as investors booked profits after a 5% surge in the...
Business
According to Chief Cabinet Secretary Hirokazu Matsuno, Prime Minister Fumio Kishida will meet with global semiconductor firm executives to strengthen multilateral collaboration on Thursday....
Business
Asian shares were quiet on Wednesday, and the dollar stayed near a five-week top as investors remained risk wary amid U.S. debt ceiling talks...
Business
Struggling British online clothes retailer Boohoo (BOOH.L) said this year’s installation of its first U.S. distribution center may improve its fortunes by reducing delivery...
Business
Gary Nagle told the Bank of America conference in Barcelona on Tuesday that Glencore (GLEN.L) is a “distant second” to buying Teck Resources‘ (TECKb.TO)...
Business
On Tuesday, Deutsche Post (DPWGn.DE) said postage stamp prices must rise next year to pay rising costs. “In view of drastically increased costs due...
Breaking News
In prepared remarks on Tuesday, Treasury Secretary Janet Yellen will likely declare that the debt limit dispute is already hurting the U.S. economy by...
Breaking News
After several books and movies about China’s Tiananmen Square crackdown were pulled from library shelves, Hong Kong’s leader stated on Tuesday that public libraries...
Auto Repair
Tesla Inc. (TSLA.O) has sought regulatory approval to expand its Shanghai facility and make pouch-type battery cells in limited quantities. The Shanghai Gigafactory’s capacity...
Business
The broad dollar index rose on Tuesday as a jump in Britain’s jobless data suggested fewer Bank of England rate hikes may be needed...
Business
Two people with firsthand knowledge of Morgan Stanley’s intentions claimed the Wall Street firm would cut investment bankers’ Asia bonuses by as much as...
Business
On Tuesday, French construction-to-telecoms company Bouygues (BOUY.PA) reported a first-quarter operational profit, exceeding market expectations, helped by last year’s Equans purchase. Family-owned Bouygues, already...
Business
Despite weaker-than-anticipated Chinese economic data, Asia markets mainly held firm on Tuesday as investors expected policy support from the world’s second-largest economy. Emerging markets...
Business
China’s April industrial output and retail sales growth missed expectations, suggesting the economy lost impetus at the start of the second quarter and putting...
Business
With insolvency looming, Go Airlines of India sought emergency arbitration in a lawsuit against Pratt & Whitney in the U.S. state of Delaware. The...
Business
Cooling domestic inflation and sustained foreign institutional purchasing in stocks lifted Indian shares on Tuesday, while optimism of a U.S. debt ceiling resolution lifted...
Business
The BlackRock Investment Institute (BII) predicted central bank measures to manage inflation might cause a recession and market selloff later this year or in...
Business
On Monday, Sweden’s SAS AB (SAS.ST) said that the U.S. Bankruptcy Court for the Southern District of New York has approved equity solicitation processes,...
Business
Exxon settles Indonesia torture case that ousted SEC officer. Exxon Mobil Corp (XOM.N) resolved a long-running human rights complaint with Indonesian villagers who accused...
Economy
Bank of New York Mellon Corp. announced Monday that a top New York Federal Reserve official responsible for domestic markets would join the business...
Business
Envision Healthcare Corp. and its wholly-owned subsidiaries filed for Chapter 11 bankruptcy on Monday. In a court filing, the U.S. medical provider projected assets...
Breaking News
The Elysee Palace has confirmed media rumors that Elon Musk, the billionaire entrepreneur, would meet French President Emmanuel Macron and other political leaders on...
Business
British American Tobacco (BATS.L) named finance director Tadeu Marroco CEO Monday, succeeding Jack Bowles, who retired after four years. Marroco joined the board in...
Economy
According to Brussels-based sources, the European Commission anticipates Germany’s economic growth at 0.2% and Italy’s at 1.2%. The Commission will release spring forecasts at...
Business
Novartis (NOVN.S) announced the new Sandoz board members on Monday. The Basel corporation accepted Sandoz Chairman-designate Gilbert Ghostine’s ten board members, who will begin...
Business
Asian stocks rise ahead of China data, Fed speakers. Asian markets rose gingerly on Monday as investors awaited China’s industrial and retail statistics and...
Business
On Monday, Siemens Energy (ENR1n.DE), a power sector supplier, said its wind turbine segment remained under pressure and expected to hit the lower end...
Business
Two sources said that as the flash memory market slumps, Kioxia Holdings Corp. and Western Digital Corp. (WDC.O) are speeding up merger talks and...
Business
Newcrest supports Newmont’s $17.8 billion deal. Newcrest Mining Ltd., an Australian gold miner, backed Newmont Corp.’s (NEM.N) A$26.2 billion ($17.8 billion) takeover offer on...
Business
Four sources familiar with the case said German energy majors Sefe and Uniper (UN01.DE) had rewarded some traders millions of euros in bonuses for...
Breaking News
The Wall Street Journal reported Saturday that BlackRock Inc (BLK.N) CEO Larry Fink has been grooming five key leaders to succeed him. The CEO,...
Business
Two Adani group companies, including the Indian conglomerate’s flagship firm, revealed plans to raise $2.57 billion from the market months after a short-seller report...
Business
Luminar Technologies CEO Austin Russell and IWM announced Friday that Russell would buy a majority interest in Forbes Global Media Holdings for $800 million....
Economy
Germany committed to continue supporting Kyiv with 2.7 billion euros ($3.0 billion) in military aid on Saturday. A defense ministry said the package would...
Breaking News
On Saturday, Treasury Secretary Janet Yellen called a battle over extending the U.S. debt ceiling “more difficult” but said she was hopeful a solution...
Business
Australia’s Minister for Trade and Tourism, Don Farrell, said he was “pleased” with his talks with his Chinese counterpart in Beijing on trade obstacles...
Business
On Friday, Canada’s largest airline, Air Canada (AC.TO), posted a reduced adjusted quarterly deficit due to strong travel demand. Despite rising airfares and financial...
Business
On Friday, KFC and Pizza Hut operator Sapphire Foods India (SAPI.NS) reported a 57% drop in fourth-quarter profitability due to increasing expenses and competition...
Business
GSK sells partial ownership in spin-off Haleon at a discount. GSK (GSK.L) sold 240 million Haleon (HLN.L) shares at 335 pence each on Friday,...
Business
As U.S. and Chinese economic worries resurfaced, oil prices fell for a fourth week on Friday. By 0635 GMT, Brent crude futures fell 48...
Business
After rejecting the private equity firm’s most recent purchase offer, British e-commerce platform THG Plc (THG.L) announced on Friday that it had ended talks...
Business
On Friday, Japanese e-commerce and fintech behemoth Rakuten Group Inc (4755.T) reported an operating loss of 76.2 billion yen ($564.24 million) for the first...
Auto Repair
British engine maker Rolls-Royce (RR.L) said the new CEO’s plan to enhance profitability was advancing “at pace” and on track to exceed 2023 estimates,...
Business
According to a source, Go Airlines (India)’s new resolution professional told staff on Thursday that the firm needs finance to survive. On Wednesday, a...
Business
Vodafone (VOD.L) announced Thursday that the CEO of its largest shareholder, Emirates telecoms giant Etisalat (EAND.AD), commonly known as e&, will join its board...
Business
On Thursday, two government sources told Reuters that India’s income tax agency is searching Mankind Pharma Ltd.’s (MNKI.NS) New Delhi office days after the...
Business
Bayer (BAYGn.DE), a drug and pesticide company, said cost inflation and the reversal of last year’s glyphosate-based weedkiller price hike would likely weaken its...
Business
SoftBank Group Corp (9984.T) announced a 970 billion yen ($7.18 billion) financial loss for the year ended March 31, with the Vision Fund business...
Business
After reporting first-quarter revenue and profit in line, Deutsche Telekom (DTEGn.DE) upped its full-year operating profit estimate on Thursday. On a more bullish forecast...
Business
As Canberra pushes for commercial liberalization and diplomatic stability, Australia’s commercial Minister landed in Beijing on Thursday to meet his Chinese counterpart. Trade Minister...
Business
The U.S. agency identified unsatisfactory Chinese firm audits. The federal body announced Wednesday that the U.S. Public Company Accounting Oversight Board (PCAOB) discovered unacceptable...
Business
On Wednesday, Israel-based Teva Pharmaceutical Industries (TEVA.TA) announced first-quarter profit below projections. Still, they maintained its full-year outlook, citing a hope that new product...
Business
On Wednesday, contract research business Syneos Health Inc. (SYNH.O) announced that Elliott Investment Management, Patient Square Capital, and Veritas Capital would purchase it for...
Business
Europe serves as a gateway to post-COVID China for investors. The unevenness of China’s financial recovery and geopolitical worries has led investors to prefer...
Business
Post-pandemic consumer travel trends are driving airlines to guess at the “new normal” by eliminating flights, rebuilding networks, and squeezing more passengers into planes....
Breaking News
Tucker Carlson, fired by Fox News last month, indicated he will return to Twitter “soon.” Fox News Media and Carlson parted ways last month...
Breaking News
After a rise that brought sterling to its highest in a year, Deutsche Bank stated on Wednesday that the British pound is no longer...
Business
BYD Co Ltd (002594. SZ) lowered the beginning price of its best-selling Seal sedan by 10% on Wednesday to expand its lead in the...
Business
Crude prices dipped on Wednesday, halting a three-day gain, as an unexpected surge in U.S. crude stocks raised demand worries, and investors awaited inflation...
Business
On Wednesday, food caterer Compass Group (CPG.L) boosted its fiscal 2023 expectations after half-year earnings rose 41%, helped by more people returning to work...
Auto Repair
On Wednesday, Toyota Motor Corp (7203.T) forecast a 10% increase in operating profit and a five-fold increase in pure electric vehicle (EV) sales due...
Business
UK equities moved higher on Wednesday as investors avoided major bets ahead of US inflation data. At the same time, aerospace firm Melrose soared...
Business
After beating forecasts for the first quarter because of strong U.S. sales, Ahold Delhaize (AD.AS) CEO Frans Muller predicted Wednesday that food inflation in...
Breaking News
On Tuesday, Breaking Defense magazine claimed that the UAE had canceled an 800 million euro ($880.6 million) Airbus (AIR.PA) contract to buy 12 H225M...
Business
Stocks fall as investors’ anxieties appear ahead of US inflation data. Asia stocks were struggling to climb, and the dollar was steady on Wednesday...
Business
Virgin Australia completed capital return plans for IPO. In an internal email on Wednesday, Chairman Ryan Cotton said that Virgin Australia’s IPO is “well...
Business
Three sources said CICC Capital, a unit of Chinese investment bank CICC (3908. HK), has stopped employing consultant Capvision Partners as other financial businesses...
Business
SoftBank Group Corp (9984.T) announced earnings on Thursday amid an increase in some Vision Fund equities and a market eager for news on its...
Business
Rupee may fall more before critical U.S. inflation statistics. After falling below a critical threshold in the previous session, the Indian rupee may fall...
Business
On Wednesday, India’s fourth-largest airline, Go Airlines (India) Ltd., and its 7,000 workers will face a bankruptcy plea judgment that would affect overseas lessors...
Business
Britain sets financial watchdog standards to keep City competitive. On Tuesday, Britain’s finance ministry requested input on defining regulator targets to enhance London’s post-Brexit...
Business
On Tuesday, Apollo Global Management Inc. (APO.N) reported that its first-quarter adjusted net income decreased 8% year-over-year, missing projections due to reduced asset sales....
Business
On Tuesday, Spanish travel booking giant Amadeus (AMA.MC) reported a near 200% increase in first-quarter adjusted net profit, above analysts’ projections. The three-month adjusted...
Business
MSCI will give Egyptian securities in its indexes “special treatment” after investor criticism about poor FX liquidity. MSCI stated late Monday that it will...
Business
On Tuesday, the American Chamber of Commerce in Shanghai expressed alarm about allegations of Chinese probes into U.S. due diligence and consulting businesses and...
Business
According to two sources, as it expands in the world’s second-largest economy, HSBC (HSBA.L) has agreed to buy out its China fund management joint...
Business
Purplebricks Group (PURP.L), Britain’s largest online-only estate firm, said Tuesday it was unlikely to return to revenue generating in the early financial year 2024....
Business
Amazon offers $10 for pickup to reduce shipping expenses. Amazon.com (AMZN.O) is joining other retailers to cut home delivery and return expenses despite sluggish...
Business
Oil prices dipped on Tuesday as the market remained cautious ahead of April U.S. inflation numbers, which will influence the Fed’s next interest rate...
Business
Grifols (GRLS.MC) announced that its executive chairman, Thomas Glanzmann, will become its new CEO, terminating the founding family’s executive leadership. After Steven F. Mayer...
Business
Merck (MRCG.DE), a German pharmaceutical company, said on Monday that Helene von Roeder would replace Marcus Kuhnert as CFO and a member of the...
Business
On Monday, contract drugmaker Catalent Inc. (CTLT.N) said it expected to “significantly” lower its 2023 sales and core profit expectations and delay its third-quarter...
Business
On Monday, Volkswagen-owned Czech automaker Skoda Auto reported a 60.8% increase in first-quarter operating profit to 542 million euros ($598 million) and a 33%...
Business
Shares gain, while the dollar falls before inflation data. In fair trading on Monday, global equities rose ahead of U.S. inflation data this week...
Business
On Monday, KKR & Co Inc (KKR.N) reported a 26% decline in first-quarter distributable earnings due to a steep drop in asset sales from...
Business
On Monday, Tyson Foods Inc. (TSN.N) lowered its full-year sales projection, indicating that price rises and strong inflation prevent customers from buying its goods....
Business
On Monday, Standard Chartered (STAN.L) CEO Bill Winters said a U.S. recession was improbable, but a period of negative growth was feasible. “I think...
Business
Toyota Motor Corp (7203.T) has halted sales of the Yaris ATIV. Still, senior executives said Monday that the vehicle is safe and that all...
Business
On Monday, Go Airlines asked India’s corporate law tribunal to immediately rule on its bankruptcy appeal, citing lessors’ attempts to repossess planes. The cash-strapped...
Business
On Monday, PostNL (PTNL.AS) reported an unexpected first-quarter operational profit, supported by a smaller-than-expected package volume decline and last year’s adaptive measures. As demand...
Auto Repair
China is the epicenter of the electric car pricing war, and Tesla Inc (TSLA.O) and BYD (002594. S.Z.) dominate the SUV sector. Analysts and...
Business
Bain Capital wants $4 billion for global special circumstances fund. Two sources claimed Bain Capital is seeking $4 billion for a worldwide “special situations...
Business
After beating first-half profit projections, Westpac Banking Corp. (WBC.AX) dropped a cost-cutting objective on Monday, citing inflation. The country’s No. 2 mortgage provider reported...
Business
According to insiders, Alibaba’s (9988. HK) logistics business plans to list in Hong Kong early next year to raise $2 billion, supporting prospects for...
Business
SAP (SAPG.DE) and Siemens (SIEGn.DE) have joined U.S. tech titans in criticizing new EU legislation on smart gadgets and consumer goods data usage. EU...
Business
In a Monday statement, the Reserve Bank of New Zealand proposed gathering financial entity data on cyber events to understand financial sector cyber risks...
Business
Gold is flat as traders await US inflation data. Gold prices remained steady on Monday as cautious investors anticipated this week’s U.S. inflation data,...
Business
Sweden’s Assa Abloy AB (ASSAb. S.T.), the world’s No. 1 lock producer, and Spectrum Brands Holdings (SPB.N) announced a settlement with the U.S. Justice...
Business
Warren Buffett’s Berkshire Hathaway Inc BRKa.N reported a $35.5 billion first-quarter profit, helped by Apple Inc. gains and a Geico recovery. Berkshire also accelerated...
Business
On Saturday, proxy consulting company Institutional Shareholder Services (ISS) advised Shell (SHEL.L) shareholders to vote against a climate activist resolution seeking speedier carbon reduction...
Business
According to two sources, Singapore state investor Temasek Holdings (TEM.UL) may invest $100 million in Indian jewelers BlueStone for a 20% share. Temasek may...
Business
UBS Group AG (UBSG.S) CEO Sergio Ermotti has nominated Credit Suisse Group AG (CSGN.S) executives most likely to join the management team, the Financial...
Business
On Friday, negative investors were surprised by Carvana Co.’s (CVNA.N) second-quarter earnings prediction, sending its shares up 55%. Carvana struggled in 2022 to sell...
Business
The World Gold Council (WGC) said Friday that investor buying dropped in the first three months of 2023, offsetting central bank and Chinese consumer...
Business
British Airways-owner IAG (ICAG.L) and Air France-KLM (AIRF.PA) announced strong summer reservations on Friday as holidaymakers continued to plan despite a cost-of-living issue. IAG,...
Business
Sources say JPMorgan Chase & Co. CEO Jamie Dimon will visit mainland China for the first time in four years this month, the latest...
Business
Holiday Inn owner IHG Plc (IHG.L) announced Friday that its Americas CEO Elie Maalouf would follow Keith Barr as CEO on June 30. Barr,...
Business
On Friday, Adidas (ADSGn.DE) reported better-than-expected first-quarter revenues, down 1% from last year. However, investors believe the German sportswear giant can turn its fortunes...
Business
On Thursday, Kellogg Co. (K.N) anticipated a smaller annual profit decrease and boosted the lower end of its sales prediction due to persistent price...
Business
After announcing forecast-beating earnings on Thursday, Danish drugmaker Novo Nordisk (NOVOb. C.O.) warned it would have to cut U.S. initial dosages of its popular...
Business
Equinor (EQNR.OL) surpassed first-quarter profit projections on Thursday, powered by energy trading, but earnings were significantly below last year’s record due to a severe...
Business
TIM (TLIT.MI) directors will meet on Thursday to discuss how to respond to multi-billion proposals for the phone company’s landline infrastructure as major investor...
Auto Repair
Price increases improve BMW automobile sales. BMW (BMWG.DE) reported a higher earnings margin for its cars segment on Thursday, with a rise to 12.1%...
Business
Adidas (ADSGn.DE) will inform investors on Friday about the unsold Yeezy sneakers that have plagued the German sportswear company since it parted ties with...
Economy
Shell (SHEL.L) reported a $9.65 billion first-quarter net profit on Thursday, above analysts’ expectations. Fuel trading earnings offset falling oil and gas prices. For...
Business
Australia’s exports to China reached record highs in March as the Asian superpower sucked in more iron for its steel sector and cut thermal...
Business
On Thursday, French IT consultancy firm Capgemini (CAPP.PA) reported poorer revenue growth in the first quarter of 2023 than a year earlier, blaming a...
Business
Biden administration approves Chinese airline flights to the US. On Wednesday, the Transportation Department (USDOT) said Chinese airlines could boost U.S. passenger services to...
Business
On Thursday, Taiwan Defence Minister Chiu Kuo-cheng said supply chain difficulties had delayed the arrival of 66 sophisticated modern F-16Vs from the U.S. Still,...
Breaking News
Fed hikes rates, opens the door to tightening cycle stop. The Federal Reserve’s handling of the post-pandemic economic recovery entered a new chapter on...
Business
S3 Partners reports that Nvidia Corp (NVDA.O) short sellers have lost $5.09 billion this year while the stock has risen over 90%. The company...
Business
Ford Motor Co. (F.N.) announced Wednesday that it would incur restructuring expenditures of $1.5 billion to $2 billion in 2023 to close unproductive locations...
Business
CEO: Go. The First owner won’t leave the airline. On Wednesday, Go Airlines (India)’s CEO told Reuters that the budget carrier’s owner had no...
Business
U.S. chip export regulations scarcely hinder China’s A.I. industry. Last year’s U.S. semiconductor export limits to halt China’s supercomputer development for nuclear weapons and...
Business
On Wednesday, Britain’s competition authority said it was investigating Adobe Inc.’s (ADBE.O) $20 billion takeover of cloud-based designer platform Figma to see if it...
Business
A source said U.S. asset manager Apollo Global Management Inc (APO.N) would apply to Swedish and Danish regulators to purchase a majority interest in...
Business
Airbnb’s four-part payment option increases pricing transparency. Airbnb Inc. (ABNB.O) predicts a record 300 million guest visits in 2023 and will allow customers to...
Business
Lloyds surpasses earnings expectations, hints stress ahead. On Wednesday, Lloyds (LLOY.L) surpassed first-quarter profit predictions thanks to rising interest rates, but early signs of...
Business
U.S. SEC will vote on private fund and hedge fund disclosures. On Wednesday, the SEC will vote whether to impose new regulations for hedge...
Business
Cash-strapped On Tuesday, Indian airline Go First declared bankruptcy, blaming “faulty” Pratt & Whitney engines for grounding half its fleet. The first major airline...
Business
Ferrari (RACE.MI) and Enel X (ENEI.MI) will build a 1-MWp solar energy plant at its Fiorano test track to offer residents renewable energy. By...
Business
On Tuesday, Marriott Overseas Inc. upped its full-year profit prediction, citing a faster-than-expected rebound in overseas markets and solid worldwide booking patterns. Due to...
Business
Marathon Petroleum Corp (MPC.N) reported a more than three-fold increase in quarterly earnings on Tuesday, benefitting from greater margins on sustained gasoline demand and...
Business
Pfizer Inc. (PFE.N) surpassed analysts’ first-quarter earnings projections on Tuesday, sending its shares up about 3% before the bell. The business anticipates 2023 as...
Business
After strong January-March results, Uber Technologies Inc. (UBER.N) forecasted quarterly core earnings above estimates on Tuesday. The company’s shares climbed 10% in premarket trade,...
Business
On Tuesday, higher pricing and traffic at Burger King and Tim Hortons helped Restaurant Brands International Inc (QSR.TO) outperform Wall Street projections for quarterly...
Business
Gold pauses in anticipation of Fed rate increase hints. Tuesday’s gold prices remained within a very small range as investors awaited clues about potential...
Business
Stocks slump; Aussie dollar surges following unexpected boost. Global equities sank on Tuesday as caution crept ahead of the Federal Reserve’s policy meeting, although...
Business
Midea (000333. SZ), a $58 billion Chinese white goods giant, purchased German robot producer Kuka for over $5 billion in 2016. Seven years later,...
Business
DSM’s (DSMN.AS) first-quarter earnings and sales below estimates on Tuesday due to low vitamin prices, poor volumes, and high inflation. DSM and Firmenich released...
Business
On Tuesday, India-based Pepsi bottler Varun Beverages (VARB.NS) reported a 69% quarterly profit growth on price increases and strong demand and announced it would...
Business
BP (BP.L) made $5 billion in the first quarter of 2023, up from the previous three months, due to robust oil and gas trade...
Business
Geberit (GEBN.S), a Swiss plumbing supplies producer, reported an 8.9% reduction in first-quarter sales on Tuesday, blaming difficult comparative results and a remodeling slowdown....
Business
BlackBerry (BB.TO) announced a strategic examination on Monday that may lead to company splits. As a result, US-listed shares rose nearly 11% post-bell. BlackBerry,...
Business
Normalizing China-Australia commerce requires more than political fixes. After three years of political conflict, China is lifting restrictions on Australian imports, but restarting trade...
Business
On Tuesday, Australia’s central bank shocked markets by hiking its cash rate by 25 basis points, saying inflation was too high and that future...
Business
JPMorgan Chase & Co.’s (JPM.N) acquisition of First Republic Bank forced the Biden administration to reconcile its anti-merger position with enabling the largest U.S....
Business
A source told Reuters on Tuesday that Morgan Stanley (MS.N) will reduce 3,000 workers in the second quarter, its second round in six months....
Business
Qatar Airways might reach 255 routes with aircraft deliveries. Qatar Airways’ chief executive said Monday that the Gulf airline might increase its destinations to...
Business
On Monday, a senior official at India’s largest carmaker Maruti Suzuki India Ltd (MRTI.NS), predicted a second-quarter chip shortage recovery. The CEO predicted the...
Business
Franchisees shuttered 2.7% of Subway’s U.S. sandwich restaurants last year, reducing royalties and fees. According to its newest disclosure statement to franchisees interested in...
Business
Customers and merchants have sued Energizer Holdings Inc (ENR.N) and Walmart Inc (WMT.N) in three proposed class actions for colluding to boost disposable battery...
Business
South Korea’s exports declined for a seventh month in April, the worst losing streak in three years, led by a prolonged drop in sales...
Business
On Monday, the Indian decarbonization platform Serentica Renewables announced a $250 million investment from KKR & Co Inc (KKR.N). “This latest investment will support...
Cryptocurrencies
Dubai’s crypto regulator gave BitOasis the first broker-dealer minimum viable product operating license Monday. Dubai’s Virtual Asset Regulatory Authority (VARA) was founded in March...
Business
On Monday, much of Asia was on holiday, leaving currencies in limbo as traders prepared for a busy week of central bank meetings that...
Business
PNC Financial Services Group (PNC.N), JPMorgan Chase & Co (JPM.N), and Citizens Financial Group Inc (CFG.N) filed final offers for First Republic Bank (FRC.N)...
Business
U.S. rate hike forecasts and China PMI drop oil prices. Oil prices dipped on Monday due to concerns about rising interest rates from the...
Business
On Monday, Japan’s Astellas Pharma (4503.T) announced its largest purchase, buying U.S. pharmaceutical Iveric Bio Inc. for $5.9 billion to gain access to ophthalmic...
Business
Exclusive: SoftBank’s Arm files massive US IPO. On Saturday, sources indicated SoftBank Group Corp.’s (9984.T) chip manufacturer Arm Ltd. filed confidentially for a U.S....
Business
Two sources familiar with the situation said India’s market regulator had requested a six-month extension to finish its investigation into billionaire Gautam Adani’s Adani...
Business
COVID-19 lockdowns and regulatory crackdowns cut Didi Global’s 2022 revenue by 19%. In its first annual report since delisting from the U.S. last year,...
Business
On Saturday, India’s Kotak Mahindra Bank (KTKM.NS) announced a better-than-expected 26% increase in net profit for the January-March quarter, aided by increased net interest...
Breaking News
After measuring early interest earlier in the week, the U.S. Federal Deposit Insurance Corp has urged banks, including JPMorgan Chase & Co (JPM.N) and...
Business
U.S. private equity firm Blackstone Inc (BX.N) said that Singapore’s sovereign wealth fund GIC has agreed to purchase a portfolio of six Japanese logistics...
Business
India advises China to maintain border calm for improved relations. The Indian government said India’s defense minister reminded his Chinese counterpart on Thursday that...
Auto Repair
On Friday, Great Wall Motor Co Ltd (601633. SS) revealed that its Iracemapolis facility in Brazil will begin operations on May 1, 2024, and...
Business
Due to higher prices, new promotions, and menu items, Domino’s Pizza Inc. (DPZ.N) beat Wall Street expectations for first-quarter U.S. same-store sales on Thursday....
Business
On Thursday, China’s largest brokerage, CITIC Securities Co (600030. SS), announced a 3.6% increase in first-quarter earnings due to higher investment returns as the...
Business
Mobileye Global Inc. (MBLY.O) cut its yearly revenue projection on Thursday due to increased competition from start-ups and automakers developing driver-assistance devices. Jerusalem-based firm...
Business
Two sources told Reuters that Exxon Mobil Corp (XOM.N) is in talks with Colombia’s government to recoup its investment in a fracking pilot project...
Business
On Thursday, Danish brewer Carlsberg (CARLb.CO) surpassed first-quarter sales predictions and boosted the lower end of its full-year profit outlook range due to strong...
Business
Nestle (NESN.S) is testing Airbus (AIR.PA) satellites to track reforestation amid worldwide worries over consumer products businesses’ carbon footprints. The world’s largest food business...
Business
On Thursday, Unilever (ULVR.L), manufacturer of Dove soap and Ben & Jerry’s ice cream, beat quarterly sales predictions despite a minor volume drop due...
Business
On Thursday, the London Stock Exchange Group (LSEG.L) restated its core financial aims for the year ahead of its annual meeting to approve a...
Business
Barclays posted a better-than-expected first-quarter profit on Thursday as its consumer banking unit overcame pressure on other business lines. The British bank posted a...
Business
Pernod Ricard (PERP.PA), a French spirits company, announced a larger-than-expected decrease in third-quarter sales but said it was optimistic of a positive 2022/2023 result,...
Business
On Thursday, Denmark’s DSV (DSV.CO), the world’s third-largest freight forwarder, announced a first-quarter adjusted operating profit beyond forecasts and anticipated a worldwide trade volume...
Business
India’s NSE, one of two major stock exchanges, altered its equity index accounting for spun-off enterprises to reduce component turnover. Reliance Industries Ltd (RELI.NS)...
Auto Repair
On Thursday, Volvo Car Group (VOLCARb.ST) announced a smaller-than-expected drop in first-quarter operating profitability and said worldwide demand remained solid amid adverse macroeconomics. Volvo...
Business
Samsung expects an H2 turnaround after a Q1 chip loss of $3.4 billion.. After its semiconductor unit announced a record $3.4 billion loss on...
Auto Repair
Toyota Motor Corp (7203.T) just exceeded its aim of 9.1 million cars in the financial year that ended in March as factory interruptions from...
Business
Belarus was put on the U.S. Trade Representative’s intellectual property rights watch list after new legislation allowed the unlawful use of copyrighted works from...
Business
The government said Wednesday that Argentina would pay for Chinese imports in yuan instead of dollars to boost its currency reserves. According to a...
Business
According to one of Fast Retailing’s (9983.T) executives, Uniqlo wants to grow its existing outlets in North America by 10%. Uniqlo will launch six...
Business
Carrier Global Corp (CARR.N) announced on Tuesday that it would purchase Viessmann Group’s heating boiler and heat pump arm for 12 billion euros ($13.17...
Business
Vonovia (VNAn.DE), Germany’s largest real estate business, announced Thursday that Apollo would buy a minority position in its Suedewo residential portfolio for 1 billion...
Business
Kris Licht will succeed Nicandro Durante as CEO of Reckitt Benckiser (RKT.L) after a transition period. Since July 2020, Licht has been Reckitt’s health...
Business
On Wednesday, German sportswear producer Puma (PUMG.DE) said it expects second-quarter sales to rise at a low- to mid-single-digit percentage rate, below its full-year...
Business
GSK (GSK.L) surpassed first-quarter revenue and profit projections on Wednesday thanks to sales of its blockbuster shingles vaccination Shingrix. On revenue of nearly 7...
Business
After reporting higher-than-expected first-quarter revenue on Wednesday, Danone (DANO.PA), the world’s largest yogurt manufacturer, boosted its 2023 sales growth projection. Danone, the creator of...
Business
Due to significant revenue growth from other medications, Roche (ROG.S)’s first-quarter revenues fell 7% on decreased demand for COVID-19 treatments and diagnostics kits, less...
Business
Safran (SAF.PA) announced strong quarterly sales and maintained its 2023 financial guidance as air traffic demand recovered. Through its CFM International joint venture with...
Business
Pernod Ricard (PERP.PA) has sought an Indian court to force New Delhi municipal authorities to award it a liquor-selling license after local officials denied...
Business
LG Display (034220. KS), a South Korean display panel producer, reported its fourth consecutive quarterly loss, missing projections, as worldwide demand for PCs and...
Business
Indermit Gill, the World Bank’s chief economist, wants to include domestic borrowing in sustainability assessments to solve the growing debt issue. Gill told Reuters...
Business
Standard Chartered PLC (StanChart) (STAN.L) reported a 21% higher first-quarter pretax profit than expected on Wednesday, driven by rising interest rates and unpredictable market...
Business
On Wednesday, Honda Motor Co (7267.T) announced a strategic partnership agreement with Taiwan Semiconductor Manufacturing Co (TSMC) (2330. TW) to ensure a reliable semiconductor...
Business
The benefits of leveraging big data for your business Learn how to leverage big data to drive business growth, including predictive analytics and data-driven...
Business
Legislative changes may impact Medicaid enrollment and Medicare Advantage (MA) operations. Therefore, Centene Corp (CNC.N) lowered its 2024 adjusted profit projection on Tuesday. After...
Business
As investors awaited corporate results and macro data this week to assess the global economy, stocks dipped, and the currency rose on Tuesday. Last...
Business
Ocado Retail, a joint venture between Ocado Group (OCDO.L) and Marks & Spencer (MKS.L), said Tuesday that its Hatfield customer fulfillment facility would cease...
Business
On Tuesday, Primark-owner Associated British Foods (ABF.L) announced a 3% drop in first-half earnings and maintained its full-year outlook for a flat result. In...
Business
After a breast cancer medication trial success and the development of a prostate cancer radiation medicine, Novartis (NOVN.S) boosted its full-year profits estimate, citing...
Business
On Tuesday, Nestle (NESN.S), the world’s largest packaged food business, announced slightly better-than-expected first-quarter revenues. The Swiss business, which manufactures Maggi stock cubes, Kit...
Business
G.M., Samsung SDI to announce U.S. EV battery factory plans. As the carmaker diversifies its component suppliers, General Motors Co (GM.N) and Samsung SDI...
Business
Santander (SAN.MC) reported Tuesday that its first-quarter net profit grew 1% compared to 2022 due to higher loan income, mainly in Europe, which offset...
Business
After a strong first quarter, ABB (ABBN.S) upped its full-year sales and profit projection on Tuesday. The producer of electric car chargers, industrial motors,...
Business
Due to legal preparations for past litigation, UBS Group AG (UBSG.S) announced a 52% drop in first-quarter earnings on Tuesday. After being compelled to...
Breaking News
New legal rights for Britain to fight Big Tech. On Tuesday, Britain announced a new rule to limit huge internet giants like Google (GOOGL.O),...
Business
On Monday, JBS USA, a unit of Brazilian meatpacker JBS SA (JBSS3.SA), announced it was canceling contracts with a U.S. business punished for recruiting...
Business
China’s demand and rate rises to keep oil prices constant. Investors balanced robust holiday travel in China, which might raise gasoline consumption, against rising...
Business
Valentino announced an 18% increase in core earnings for 2022 as sales grew 10% at constant currencies, despite a sluggish Chinese market. Valentino, owned...
Economy
Seven sources with knowledge of the situation say China encouraged banks to slash deposit interest rates further this month in the latest move to...
Business
In an alternative to Casino’s planned merger with French retailer Teract (TRACT.PA), Czech billionaire Daniel Kretinsky is offering a 1.1 billion euro capital raise...
Business
On Monday, Nidec Corp (6594.T), a Japanese electric motor company, reported its first quarterly operating loss in a decade due to high restructuring expenses...
Business
On Monday, HSBC’s (HSBA.L) most prominent activist shareholder Ken Lui claimed he had spoken for the first time with Ping An, the bank’s largest...
Business
Hong Kong’s dollar peg is in a bind. The wide yield spread between U.S. government debt and the Asian hub’s equivalent has forced the...
Business
Chilean President Gabriel Boric’s plan to nationalize his country’s massive lithium industry highlights new filtration technologies that could revolutionize metal production for electric vehicles....
Business
On Monday, India’s Adani Ports and Special Economic Zone (APSE.NS), a group company of the troubled Adani Group, announced a repurchase program to prepay...
Business
On Monday, Philips (PHG.AS), a Dutch health technology company, set aside 575 million euros ($631 million) for possible lawsuit costs related to its global...
Business
The dollar started the last trading week of the month on a firmer footing as traders awaited a spate of central bank policy meetings...
Business
On Monday, Credit Suisse (CSGN.S) said that 61 billion Swiss francs ($68 billion) departed the bank in the first quarter, revealing the extent of...
Business
OPEC’s proportion of India’s oil imports declined rapidly in 2022/23 to the lowest in at least 22 years as cheaper Russian crude increased, according...
Business
Despite first-half volatility, the central bank governor stated Monday that Thailand’s economy would rise 3.6% this year. Bank of Thailand (BOT) Governor Sethaput Suthiwartnarueput...
Business
Rate rises, and global economic uncertainties lower oil prices. Oil prices dipped on Monday as worries about increasing interest rates, the global economy, and...
Business
On a Sunday, the Financial Times reported that the U.S. ordered South Korea to advise its chipmakers not to fill any market gap in...
Business
In the latest cash-making fad, crowds of individuals have been meandering seemingly aimlessly around the forecourt of a museum in central Seoul, silently brushing...
Business
How Big Data Can Revolutionize Your Business Learn how to use social media analytics to conduct market research and gain valuable insights about your...
Technology
A Step-by-Step Guide to Creating a Successful Business Mobile App A guide to creating a successful mobile app for your business, including app development...
Business
THE FUTURE OF TRADE IN THE GLOBAL ECONOMY IN 2023 Emerging markets, technology improvements, and environmental concerns create new trade opportunities and problems for...
Business
THE BENEFITS OF GREEN INVESTING Invest in a better tomorrow with green investing! Discover the benefits of sustainable investments for the environment, economy, and...
Business
The business informed Reuters that Ukraine would use Palantir Technologies Inc (PLTR.N) software to pursue Russia’s alleged war crimes. Palantir, which has helped Ukraine...
Business
According to internal staff communications, Deloitte will reduce 1,200 U.S. employees or 1.5%. The newspaper reported that the auditing firm’s financial advice sector, which...
Business
Latvia’s Foreign Ministry announced Saturday that the U.N.’s World Food Programme is shipping the first Russian fertilizer seized last year to Kenya. Russia has...
Business
Acquisition talks have reportedly taken place between Swiss institution Zuercher Kantonalbank and GAM Holding AG (GAMH.S), according to sources familiar with the situation who...
Business
According to Bloomberg News, Bed Bath & Beyond Inc. (BBBY.O) may sell assets and intellectual property to file for bankruptcy this weekend. According to...
Business
Royal Mail’s main union accepted a salary and employment terms agreement with the UK postal services firm last Friday and will vote on it...
Breaking News
Chile will nationalize its massive lithium sector. On Thursday, Chilean President Gabriel Boric announced he would nationalize the world’s second-largest lithium business to strengthen...
Business
Bloomberg News reported on Friday that Carlyle Group Inc. (CG.O) might seek new investors for its stake in McDonald’s Corp.’s (MCD.N) China operations at...
Business
Rakuten Bank Ltd. (5838.T), Japan’s largest online lender, had its share price rise as much as 40% in its market debut on Friday, despite...
Business
One of the largest investors in the world, Norway’s national wealth fund, announced on Friday that it would back a plan by Canadian miner...
Breaking News
ANA Holdings Inc (9202.T), Japan’s largest airline, boosted its profit prediction for the just-ended fiscal year on Friday, citing lower fuel costs and a...
Business
Glencore (GLEN.L) announced lower first-quarter copper, zinc, and nickel production on Friday but said its trading segment would exceed yearly guidance. The miner and...
Business
Gold prices fell on Friday as the dollar strengthened and dismal U.S. economic data bolstered predictions that the Fed will stop tightening after one...
Business
SAP (SAPG.DE) reported strong first-quarter revenue growth and cut its guidance on Friday owing to the divestiture of Qualtrics. SAP reported a 10% sales...
Business
On Thursday, a stronger dollar and rate rise expectations overcame decreased U.S. crude stocks, sending oil prices to their lowest level in three weeks....
Business
On Thursday, Malaysia voiced disappointment over a European Union policy banning deforestation-linked imports, fearing damage to its palm oil exports. On Wednesday, the European...
Business
On Thursday, non-adjusted figures revealed that Germany and Italy led the eurozone to a trade surplus from a deficit a year earlier in February....
Business
On Thursday, Britain’s financial watchdog said it would use new, stricter consumer protection powers from July 31 to ensure banks pass on interest rate...
Business
Tesla Inc (TSLA.O) CEO Elon Musk said the electric vehicle (EV) maker would prioritize sales growth over profit in a sluggish economy. As it...
Business
The industry ministry announced Thursday that the South Korean government and top battery businesses will invest 20 trillion won ($15.1 billion) until 2030 to...
Business
In the world’s largest auto market, automakers competed to attract drivers with amenities like crystal balls, in-car karaoke systems, and 3D dashboards at the...
Business
On Thursday, U.S. Trade Representative Katherine Tai said Indo-Pacific Economic Framework (IPEF) trade negotiations are going “at a very quick pace,” She expects outcomes...
Business
Pepco Group (PCOP.WA), a European discount retailer, established 166 new locations and saw first-half revenue rise 22.8%. The Warsaw-listed group reported revenue of 2.84...
Uncategorized
On Thursday, consumer healthcare business Haleon (HLN.L) said it expected 2023 organic sales, growth near the top of its 4%-6% prediction owing to high...
Business
On Thursday, Swiss elevator and escalator manufacturer Schindler (SCHP.S) announced a 47% increase in first-quarter profit, driven by robust residential demand despite a tough...
Business
In an interview with the Irish Times, Dutch central banker Klaas Knot said he is “not uncomfortable” with market predictions of interest rates rising...
Breaking News
Seaplanes to combat forest fires are red-flagged as environmental hazards. In addition, COVID-stricken companies seeking relief must demonstrate a solid balance sheet in recent...
Business
On Wednesday, Toyota Motor Corp (7203.T) announced it would invest 1.7 billion reais ($337.68 million) to build a hybrid, flex-fuel compact car in Brazil...
Business
On Wednesday, at London’s High Court, German discount supermarket Lidl won a trademark dispute against Britain’s largest retailer, Tesco (TSCO.L). Lidl sued Tesco in...
Business
On Wednesday, Italian tax authorities investigated Gucci’s Milan headquarters as part of a European Union inquiry investigating suspected business practice infractions. According to the...
Business
Pontegadea, Amancio Ortega’s private corporation, bought a central London BBC property for 82 million pounds ($102 million) on Wednesday. Last month, Ortega paid 100...
Business
On Wednesday, Baker Hughes Co. (BKR.O) exceeded first-quarter profit projections due to increasing demand from oil and natural gas producers, hoping to capitalize on...
Business
According to the Wall Street Journal, Taiwan Semiconductor Manufacturing Co Ltd (2330. TW) is seeking up to $15 billion from the U.S. government. TSMC,...
Business
Suncor Energy (SU.TO) released 5,900 cubic meters (208,400 cubic feet) of water with twice the permitted suspended particles from a sedimentation pond at its...
Business
On Wednesday, Mercedes-Benz (MBGn.DE) announced that its Russian assets had been approved for buyback, bringing its exit from Russia one step closer. Last year,...
Politics
Monday saw Orrick Herrington & Sutcliffe add Eversheds Sutherland partners in Germany and France. Paris restructuring practice head Aurélien Loric joins Orrick. Orrick stated...
Business
TotalEnergies‘ (TTEF.PA) variable cost margin for European refineries rose to $87.8 per tonne in the first quarter, according to a preliminary publication of important...
Business
Four sources claimed state-owned China Mobile Ltd (0941. HK) is considering a buyout of Hong Kong’s biggest telecoms business, HKBN Ltd (1310. HK), which...
Business
About 200 Apple (AAPL.O) fans lined up early Tuesday outside the tech giant’s first retail store in India in Mumbai. Tim Cook, who will...
Business
Scania and Northvolt introduced a truck-lifetime electric battery on Tuesday. Swedish companies said the lithium-ion battery under test could power vehicles for 1.5 million...
Business
On Monday, Eli Lilly and Co. (LLY.N) announced it would invest $1.6 billion at its two new Indiana manufacturing sites to support the production...
Business
Swiss government awards $9.7 mn Credit Suisse-UBS merger deal. On Monday, state procurement site Simap.ch announced that Alvarez & Marsal Switzerland won an advising...
Business
On Monday, European markets reached their highest level in almost a year as U.S. earnings season begins, and Chinese data is expected to reveal...
Business
The European Commission has extended for five years rules allowing the auto sector to make agreements with distributors, spare part shops, and repair garages,...
Finance
ISS advises investors to endorse the Barclays board. As investigations into former CEO Jes Staley’s ties to sex trafficker Jeffrey Epstein continue, Institutional Shareholder...
Economics
The new BOJ chief’s message to the world: We’re keeping the course. Last week, Japan’s new central bank governor, Kazuo Ueda, told officials at...
Business
After last month’s turmoil in U.S. government bonds, SEC chief Gary Gensler said hedge funds and other areas of the shadow banking system require...
Politics
On Saturday, Vietnamese Prime Minister Pham Minh Chinh and U.S. Secretary of State Antony Blinken indicated a willingness to improve their ties, ideally in...
Business
THE POWER OF POSITIVE THINKING IN BUSINESS: HOW TO HARNESS THE LAW OF ATTRACTION FOR SUCCESS Positive thinking can be the key to unlocking...
Breaking News
On Friday, top Russian diplomat Mikhail Ulyanov gave the West until May 18 to remove “obstacles” to the Black Sea grain pact. Russia renewed...
Business
The West’s energy watchdog said Friday that European Union and G7 limitations on Russian oil exports caused Asian refiners to buy cheaper Russian crude,...
Business
On Friday, British recruitment giant Hays Plc (HAYS.L) reported good client and candidate activity in its temporary and contracting business as corporates negotiated economic...
Business
Bodhi Tree, a joint venture between James Murdoch and a former Star India executive, would invest 43.06 billion rupees ($527.84 million) in Reliance’s (RELI.NS)...
Finance
The Ministry of Finance will hold an expert conference on April 21 to review the Bank of Japan’s digital yen pilot program, which began...
Human Capital
Transforming the Recruitment Industry: Nina Ildari’s Impact with Summit Human Capital Discover the inspiring story of CEO Nina Ildari and the success of...
Business
Ukraine’s state-owned gas firm Naftogaz announced on Thursday that Moscow had been ordered by an arbitration court in The Hague to pay $5 billion...
Business
On Thursday, Julius Baer (BAER.S), a Zurich-based private bank, named Chin Lit Yee its new South East Asia chief. The announcement says that Kevin...
Business
A securities report on Wednesday showed that Chevron Corp (CVX.N) CEO Michael Wirth was paid $23.6 million in 2022, up 4% from the previous...
Business
Despite a grim global economic outlook, Chinese customs statistics revealed Thursday that exports to Russia more than quadrupled in March, and imports rose by...
Business
On Thursday, the CEO of Britain’s largest retailer Tesco (TSCO.L) said shoppers would continue to prioritize value in 2023 as they fight inflation. “The...
Breaking News
A Canadian government source said Thursday that Canada and South Korea would start information security talks to strengthen intelligence-sharing and security. The anonymous source...
Business
Germany to consider China stake in Hamburg port terminal; on Wednesday, a German finance ministry official said the country is reconsidering its decision to...
Business
SoftBank’s stake sale drops Alibaba shares. The Financial Times claimed that Japanese technology investor SoftBank Group Corp (9984.T) sold all its Alibaba Group Holding...
Business
On Thursday, Japan’s Fast Retailing Co (9983.T), owner of Uniqlo, announced a 16.4% increase in first-half operating profit as sales in China rebounded, and...
Business
Tech and property selling in Hong Kong weighed on Asian markets on Thursday. The dollar fell as slowing U.S. inflation suggested the Federal Reserve’s...
Business
Prime Minister Fumio Kishida told reporters on Thursday that the government is finalizing its approval of an Osaka casino resort project. U.S. casino operator...
4.Refine Your Professional Brand
LVMH (LVMH.PA), the world’s largest luxury firm, reported a 17% gain in first-quarter sales, more than twice analysts’ projections, as China returned from COVID-19...
Business
Following March consumer pricing data, Goldman Sachs (GS.N) economists no longer anticipate the U.S. Federal Reserve to hike interest rates in June. Goldman Sachs...
Business
On Wednesday, Merck (MRCG.DE) announced it would spend 300 million euros ($327.90 million) in Hometown, U.S.’s biggest integrated specialty gas facility. The Pennsylvania deal...
Breaking News
Moscow calls the Black Sea grain deal ‘not so wonderful. Since Russian agricultural and fertilizer exports had not been eased, the Kremlin warned Wednesday...
Economy
Advocacy organizations are suing FEMA for disregarding renewable energy sources while rebuilding Puerto Rico’s electricity system with billions of dollars in congressional money. The...
Business
Warren Buffett told Nikkei on Tuesday that Berkshire Hathaway (BRKa.N) had increased its holdings in legendary Japanese trading companies. Since his investment business revealed...
Business
As the two nations announced a trade dispute resolution on Wednesday, Foreign Minister Penny Wong said Australia wants exporters to diversify markets and grow...
Cryptocurrencies
On Wednesday, investors will access over $30 billion in Ether, the second-largest crypto asset. The next Ethereum blockchain upgrade, Shapella, will allow investors to...
Business
A preliminary filing late Tuesday revealed that truck maker AB Volvo (VOLVb.ST) had overcome industry constraints and inflation to announce record first-quarter earnings as...
Business
On Tuesday, sources said Emerson Electric (EMR.N) is in advanced discussions to purchase National Instruments Inc (NATI.O) for $8 billion. Sources said Emerson outbid...
Business
The Financial Times reported that Deutsche Bank (DBKGn.DE) closed its software technology operations in Moscow and St. Petersburg on Wednesday to eliminate its two-decade...
Business
According to Economy Minister Wang Mei-hua, Taiwan’s TSMC (2330. TW) has not changed its investment plan for its new chip factory in Kaohsiung. Wang...
Business
Ford Motor Co. (F.N.) announced Tuesday that it would begin retooling its Oakville, Ontario SUV assembly factory to make electric vehicles next year, meeting...
Business
FGS Global will be valued at $1.4 billion when private equity company KKR & Co Inc (KKR.N) buys a large share. KKR will purchase...
Economy
On Thursday, Uniqlo’s parent company, Fast Retailing Co (9983.T), will report its second-quarter earnings. Japan’s largest retailer had its first-quarter operating earnings drop 2%...
Economy
State TV stated that Czech Finance Minister Zbynek Stanjura intends to raise VAT on hotels, water, beer, and heating to cut the budget deficit....
Business
Hyundai Motor Group announced on Tuesday that it will invest 24 trillion won ($18.14 billion) in South Korea’s electric vehicle (EV) sector through 2030...
Business
China’s potential economic boost, strong Asian demand, and falling U.S. crude stocks lifted oil prices on Tuesday. Brent crude prices jumped 64 cents, or...
Business
In an open letter to parliament on Monday, the Swiss Bank Employees’ Association (SBPV) demanded that Credit Suisse (CSGN.S) and UBS (UBSG.S) suspend their...
Business
On Tuesday, Alibaba Group Holding Ltd (9988. HK) unveiled its generative AI model, a variant of ChatGPT’s software, and said it would be integrated...
Business
On Tuesday, Foreign Minister Penny Wong said that Australia and China had resolved their barley import issue, further boosting economic relations. Australia filed a...
Business
Canada’s main stock index fell Monday as commodity-heavy market futures followed lower precious metal prices. S&P/TSX June futures were down 0.1% at 7:26 a.m....
Business
Vodafone (VOD.L) said it was fixing a Monday home internet outage in the UK. During the outage peak, Downdetector’s UK website reported over 2,800...
Business
On Monday, Canada’s Teck Resources (TECKb.TO) reiterated its rejection of Glencore Plc’s (GLEN.L) unsolicited $22.5 billion deal, citing “fundamental problems” and urging shareholders to...
Business
After Friday’s robust jobs report, U.S. stock index futures were neutral on Monday. Growth stocks Apple Inc (AAPL.O), Amazon.com Inc (AMZN.O), and Microsoft Corp...
Business
Last month’s regional banking crisis and a sluggish economy are projected to damage Wall Street banks’ quarterly earnings and year-end prospects. Refinitiv I/B/E/S analysts...
Business
As Jaguar Land Rover (JLR) announced excellent fourth-quarter sales and anticipated $1 billion in free cash flow, Tata Motors Ltd. (TAMO.NS) shares jumped as...
Business
With last week’s positive momentum and data that increased the odds of a Fed rate hike, the Indian rupee may be steady or slightly...
Business
Oil prices remained flat on Monday as investors evaluated the likelihood of tighter supply from OPEC+ producers in May against concerns about slowing global...
Business
U.S. jobs statistics showed a tight labor market, Asian markets, and the dollar started the week higher in anticipation that the Federal Reserve will...
Business
On Monday, e& said that Emirates Telecommunications Group Company (EAND.AD) would pay $400 million for a 50.3% stake in Careem’s nifty app. Mudassir Sheikha...
Business
As U.S. payrolls statistics supported additional Federal Reserve rate hikes, the yen fell versus key rivals on Monday, illustrating a widening difference with Japan,...
budgeting
As U.S. employment statistics showed a robust labor market and heightened prospects of a May Fed rate hike, gold prices slid 1% to below...
Breaking News
On Monday, Singapore’s sovereign wealth fund Temasek said it is purchasing a 41% share in India’s Manipal Health Enterprises from investors, including TPG, increasing...
Business
Next week’s U.S. inflation data may answer Wall Street’s biggest question: has the market accurately forecast interest rates? With last month’s financial crisis, investors...
Auto Repair
Tesla (TSLA.O) cut U.S. prices by 2% to roughly 6% on Thursday, extending a negotiation effort that might hurt profitability. The sixth dip in...
Business
German corporations in Eastern Europe have urged Berlin to take on more risk and strengthen security for business in Ukraine, notably transport. Michael Harms,...
Accounting
Glass Lewis advised Barclays (BARC.L) shareholders to vote against full boss compensation since its former finance head received long-term incentives when the business liquidated...
Business
The collapse of the crypto exchange FTX and its grant-making organization, the FTX Future Fund, left some prominent university academics without cash and others...
Breaking News
Three sources said China International Capital Corp (CICC) (3908. HK) dealmakers’ incentives might be slashed by 40%, one of the financial sector’s biggest cuts...
Business
Since December, hundreds of Chinese city and company executives have traveled to Asia and Europe to attract foreign investment as local governments struggle to...
Business
Wall Street’s self-funded watchdog, the Financial Industry Regulatory Authority, fined Goldman Sachs Inc (GS.N) $3 million for mislabeling stock orders as “long” instead of...
Business
On Wednesday, Hilton Food (HFG.L) announced that ex-Co-operative Group CEO Steve Murrells would succeed Philip Heffer. Hilton Food, which supplies supermarkets with meat and...
Business
UK investors poured 960 million pounds ($1.2 billion) into equities funds in March, reversing January and February withdrawals, according to funds network Calastone. Calastone...
Auto Repair
On Wednesday, Volvo Car AB (VOLCARb.ST) said that its March sales rose 10% to 162,938 automobiles, boosted by its completely electric cars. In the...
Business
After cutting sales volume guidance due to inflation-hit customers’ spending cuts, Barry Callebaut (BARN.S), the world’s largest chocolate manufacturer, hired Peter Feld as its...
Business
On Tuesday, executives from Indonesian state oil major PT Pertamina announced they will invest roughly $2 billion to improve facility safety by 2026. Pertamina’s...
Business
L’Oreal (OREP.PA) will purchase Australian luxury brand Aesop from Natura & Co (NTCO3.SA) for $2.53 billion to expand into high-end cosmetics and China. According...
Breaking News
Handelsblatt reported Monday that APAS banned EY from auditing public interest enterprises for two years and fined it 500,000 euros ($541,650.00). APAS denied it....
Business
With OPEC+‘s unexpected output reduction, oil prices rose, raising inflation fears, and Indian equities were quiet on Monday, the opening trading day of the...
Business
TAKING WING: BARCLAY BANK’S EAGLE LABS SCORES £12.9 MILLION TO GROW BRITAIN’S TECH ECOSYSTEM Soaring to new heights: Barclay Bank’s Eagle Labs secures £12.9...
Breaking News
According to Reuters’ Friday copy of the government’s latest budget forecasts, increased industrial investment and lower inflation may boost Mexico’s GDP to 3.0% this...
Business
Two persons said India’s market regulator is probing whether the Adani Group’s interactions with at least three offshore businesses linked to the conglomerate’s founder’s...
Business
A top finance ministry official told Reuters that China is negotiating with cash-strapped Pakistan to roll over a $2-billion loan that matured last week...
Agriculture
John Edwards, Britain’s trade commissioner to China, said London is trying to make mainland Chinese businesses’ British listings quicker and cheaper to compete with...
Business
Country Garden Holdings (2007. HK), China’s largest property developer, reported a record net loss and a 90% drop in core profit in 2022 due...
Breaking News
With Silicon Valley Bank’s failure, opponents argue the Federal Reserve’s secretive bank monitoring has to be more flexible, transparent, and decisive. At hearings last...
Accounting
Colombia’s central bank board will meet on Thursday to discuss monetary policy. Most observers expect one last interest rate rise due to predictions that...
Business
Is success in business management possible? Yes! Just ask anyone who has made it to the top. But with so many variables involved, managing...
Business
The Japanese construction business targeted by the family office related to Nintendo Co.’s (7974.T) founder is fighting back and asking the government to examine...
Business
On Tuesday, Norway announced a 35% resource tax on salmon and trout farmers’ profits, down from a 40% proposal that sank fish farming stock...
Entrepreneurship
According to the South China Morning Post, Alibaba (9988. HK) founder Jack Ma visited his Hangzhou school on Monday. The article says Ant Group...
Business
On Monday, UAE-based exchange house Al Ansari Financial Services (IPO-ALAE.DU) reported raising 773 million dirhams ($210.5 million) at the top of the indicated range...
Business
Saudi Aramco (2222. SE) and its Chinese partners plan to begin full operations at a northeast China refinery and petrochemical complex in 2026 to...
Business
Earlier this month, an “IT security issue” cost Indian pharmaceutical Sun Pharmaceutical Industries Ltd. (SUN.NS) income and expenditures. Sun Pharma said late Sunday that...
Business
On Monday, Australia and New Zealand Banking Group’s (ANZ.AX) CEO warned the new global banking turbulence might cause a financial catastrophe, but it was...
Business
Bloomberg News reported Saturday that U.S. regulators are considering expanding an emergency loan facility to allow First Republic Bank (FRC.N) additional time to strengthen...
Business
On Saturday, EU and German authorities announced a combustion engine accord, which the car industry has keenly monitored. A notable environmental organization criticized the...
Breaking News
Two sources stated Italy’s Treasury will re-appoint experienced banker Luigi Lovaglio as Monte dei Paschi di Siena’s CEO. After the Treasury fired his predecessor,...
Business
On Friday, Carl Icahn slammed Illumina Corp (ILMN.O), alleging its directors wanted additional personal liability insurance before approving the 2021 Grail purchase. Illumina denied...
Business
Bayer (BAYGn.DE), Germany’s largest pharmaceutical, will focus on neurology, rare disorders, and immunology instead of women’s health. “When it comes to research and the...
Business
With the appointment of infrastructure-focused M&A partner Brendan Moylan, the New York-based law firm Weil, Gotshal & Manges is continuing to grow its London-based...
Business
A top executive told Reuters that Danone (DANO.PA) is buying more whey and aluminum from Asia, which experts said might decrease prices but European...
Business
Meituan (3690. HK), a Chinese meal delivery company, beat expectations with a 21.4% quarterly sales increase on Friday. During the three months ending December,...
Business
Businessman and investor Elon Musk. He founded SpaceX, Tesla, Twitter, The Boring Company, Neuralink, OpenAI, and the Musk Foundation. Musk is the world’s second-richest...
Economy
On Friday, the Hong Kong Stock Exchange (HKEX) announced new listing rules for specialist technology companies, lowering the revenue threshold. Hong Kong Exchanges and...
Business
A CGT representative said police broke up the Normandy TotalEnergies Gonfreville refinery blockade early Friday morning. Police allowed requisitioned workers into the refinery. Alexis...
Business
On Thursday, the Ministry of Industry and Information Technology stated China would stabilize vehicle, consumer electronics, and home appliance consumption and increase green construction...
Business
Its manager said Thursday, Norway’s $1.3 trillion wealth fund, one of the world’s largest investors, will support a shareholder proposal urging Starbucks (SBUX.O) to...
Business
According to court records released Wednesday, bankrupt crypto exchange FTX has negotiated a settlement to collect 97% of the $400 million it transferred to...
Business
On Thursday, VinFast said it would start delivering its new electric SUVs to local and abroad clients this week in the following months. VinFast,...
Business
Lloyd’s of London (SOLYD.UL) reported a pre-tax loss in 2022 and writedowns on its fixed-income portfolios on Thursday. Compared to a profit of 2.3...
Economy
On Wednesday, First Republic Bank (FRC.N) announced that all senior executives would forgo 2023 incentives and founder and Executive Chair James Herbert will not...
Business
Industry sources said Boeing Inc (BA.N) sold 21 737 MAX planes to Japan Airlines Co (JAL) (9201.T) for at least $2.5 billion at list...
Economy
UK government officials said on Wednesday that the Bank of England’s tougher regulations for liability-driven investment (LDI) funds expected next week must combine resilience...
Breaking News
On Wednesday, Oleg Deripaska, a Russian aluminum entrepreneur, denied lying about moving EN+ Group from Jersey to Russia to dodge U.S. sanctions in London’s...
Business
The Shanghai Stock Exchange will hear about Syngenta’s $9.5 billion IPO next week. Syngenta, a competitor of Corteva (CTVA.N), BASF (BASFn.DE), and Bayer (BAYGn.DE),...
Cryptocurrencies
According to the Australian Financial Review, Australia’s prudential regulator is requesting banks disclose their exposure to startups and crypto-focused enterprises after Silicon Valley Bank’s...
Business
Gold prices hovered in a limited range on Wednesday as some investors waited for the U.S. Federal Reserve’s interest rate decision and policy outlook....
Business
On Wednesday, a Solomon Islands official announced a multimillion-dollar deal with a Chinese state corporation to rebuild an international port in Honiara. Mike Qaqara...
Technology
Qualcomm Inc. (QCOM.O) stockholders can sue as a class after a federal judge decided that Qualcomm disguised anticompetitive sales and licensing activities. According to...
Business
On Tuesday, the Commerce Department recommended blocking $52 billion in semiconductor manufacturing and research money from China and other U.S. enemies. The plan prohibits...
Business
Wildberries, founded by Tatyana Bakalchuk in 2004, is Russia’s largest internet shop. With almost 48,000 people, they operate in 15 countries: Armenia, Belarus, France,...
Business
According to Reuters, BYD (1211. HK), the world’s best-selling electric car company, has cut shifts at two Chinese auto assembly factories. BYD, which outsells...
Breaking News
On Monday, Boston-based legal firm Mintz, Levin, Cohn, Ferris, Glovsky, and Popeo inaugurated its first international office in Toronto, hiring five Toronto attorneys from...
Business
After a historic Swiss-backed acquisition of Credit Suisse and a concerted action by global central banks to avoid a financial catastrophe, Asian authorities calmed...
Business
Business Insider claimed that Germany’s Defence Ministry intends to acquire 82 Airbus (AIR.PA) H-145M civilian helicopters to replace its Tiger combat fleet. As Russia...
Business
Credit Suisse Group AG (CSGN.S) began a make-or-break weekend after some rivals were more circumspect in their dealings with the bank and authorities pushed...
Business
PhonePe, an Indian digital payments company, got $200 million from main backer Walmart Inc. (WMT.N) at a $12 billion pre-money value on Friday. PhonePe,...
Breaking News
Olaf Scholz, the German chancellor, arrived in Japan on Saturday with six of his ministers in tow. Amid supply chain difficulties worldwide, he hopes...
Business
On Saturday, a former finance minister told local media that China will welcome foreign money to engage in its financial markets and may enable...
Business
HOW TO BUILD A SUCCESSFUL SALES TEAM: TIPS AND STRATEGIES FOR HIRING AND TRAINING TOP PERFORMERS. “Unlock the secrets to building a top-performing sales...
Breaking News
J.P. Morgan analysts warned Friday that Tata Consultancy Services (TCS.NS) and Infosys (INFY.NS) have the most exposure to U.S. regional banks amid financial upheaval....
Business
According to the Wall Street Journal, Ernst & Young (EY) has delayed splitting its global auditing and consulting divisions. According to the article, the...
Business
After suffering a loss of about 700 million euros ($742 million) due to the effects of Moscow’s conflict in Ukraine, the Czech automaker Skoda...
Business
After recording a 9.5% growth in 2022 net profit, buoyed by a large one-off gain, billionaire Li Ka-ports-to-telecoms shying’s conglomerate CK Hutchison Holdings Ltd...
Business
Two sources stated that TSMC (2330. TW) is in advanced negotiations with the German state of Saxony to develop a new facility and is...
Business
Guo Wengui, an exiled Chinese businessman with links to former Donald Trump adviser Steve Bannon, was accused by the U.S. authorities on Wednesday of...
Business
With the spin-off of its North American cereal operation, Kellogg Co.’s (K.N) worldwide snacking business will be branded “Kellanova,” the packaged food giant announced...
Business
On Wednesday, the U.S. consumer finance watchdog started a probe into organizations that track and gather personal data, seeking public input on data brokers’...
Breaking News
In a Tuesday filing, Albertsons Companies Inc (ACI.N) reaffirmed it would dispose of some shops controlled by the business and Kroger Inc (KR.N) to...
Breaking News
With Credit Suisse’s new low, European currencies plummeted dramatically on Wednesday. The euro, pound, and Swiss franc fell sharply against the U.S. dollar after...
Business
OpenAI announced that it would release GPT-4, a strong artificial intelligence model, paving the way for human-like technology and increased rivalry between its sponsor...
Business
On Wednesday, Deutsche Bank (DBKGn.DE) CEO Christian Sewing reported incoming deposits over the past three to four days as clients hurried to quality. Germany’s...
Business
T-Mobile US Inc (TMUS.O) announced on Wednesday that it would buy Ka’ena Corp, the owner of Ryan Reynolds-backed cheap cellphone service Mint Mobile, for...
Business
On Wednesday, Microsoft (MSFT.O) inked a 10-year license arrangement with Japanese cloud gaming service Ubitus to bring Activision’s (ATVI.O) Call of Duty property. Microsoft...
Business
As consumer electronics demand weakened, Apple Inc. supplier Foxconn (2317. TW) announced intentions to increase investment outside of China and entice automakers to its...
Breaking News
On Wednesday, Turkish Defence Minister Hulusi Akar said talks to extend a grain export arrangement from Ukraine’s Black Sea ports to 120 days would...
Business
Inditex (ITX.MC), which owns Zara, saw sales of its spring-summer 2023 collection rise over the last six weeks, but its shares dipped on Wednesday...
Breaking News
Due to a stronger dollar and a still-high consumer prices report, gold prices fell in range-bound trading on Wednesday. Investors are assessing the U.S....
Business
Following Asian markets, the Indian rupee rose against the U.S. dollar on Wednesday, but importer-led dollar buying erased gains. After opening at 82.31, the...
Breaking News
On Sunday, British finance minister Jeremy Hunt said he was working with Prime Minister Rishi Sunak and Bank of England Governor Andrew Bailey to...
Business
During Prime Minister Giorgia Meloni’s visit to the United Arab Emirates, Italian energy major Eni (ENI.MI) and Abu Dhabi National Oil Co (ADNOC) agreed...
Business
South Asian island nation Sri Lanka, previously Ceylon, is officially the Democratic Socialist Republic of Sri Lanka. It is southwest of the Bay of...
Business
On Friday, the Swiss government reported Germany had requested the sale of some of its mothballed Leopard 2 tanks, which might allow Germany and...
Business
Despite a projected Chinese rebound, German sportswear giant Puma (PUMG.DE) warned Wednesday that increasing expenses and currency impacts would squeeze its profit margins this...
Business
China Renaissance, founded in 2005, is led by Chinese investment banker and investor Fan Bao. In Bloomberg Markets’ list of the 50 Most Influential...
Breaking News
CoinEx’s core team includes early cryptocurrency adopters and individuals with extensive worldwide operations and service expertise from prominent internet and banking organizations. Their trade...
Breaking News
Serbia announced on Tuesday that it will acquire cluster bombs, a form of drone that flies toward its target and explodes, from the UAE....
Business
Tesla, Inc. is an Austin, Texas-based automobile, artificial intelligence, and sustainable energy firm. Tesla makes electric cars, battery energy storage from household to grid-scale,...
Breaking News
On Monday, European markets rose on expectations of a Chinese demand recovery. Industrials and Telecom Italy lost ground while mining gained. Ahead of this...
Breaking News
Chris Hohn demands that Airbus ends contract with Atos. Hedge fund manager, Christopher Hohn, has asked Airbus (AIR.PA) to withdraw from an agreement to...
Breaking News
The dollar dipped on Monday but stayed around a six-week high on Friday as a slew of economic data boosted market expectations of Federal...
Breaking News
VinFast, a Vietnamese manufacturer of electric vehicles (EVs), is recalling 2,781 VF8 sports cars for inspection. And also replacement of the bolt connecting the...
Breaking News
The United States Navy has awarded Lockheed Martin Corp (LMT.N) $2 billion contract for hypersonic weapon systems. As announced by defense contractor on Friday....
Breaking News
Three central bank policy announcements dominate the Asian economic calendar this week as investors grapple with the market effects of the greatest decline in...
Entrepreneurship
There are various choices to consider if you’re looking for credit cards that protect against theft and harm to your transactions. For example, I...
Breaking News
Discover Financial Services (DFS.N) said it will monitor firearms dealer sales next April. This will aid gun-crime investigations. The announcement follows ISO’s September approval...
Business
According to Uwe Hochgeschurtz, the executive vice president for Europe at the Franco-Italian automaker Stellantis, the firm is hopeful about the future of its...
Business
A story in the German paper Bild am Sonntag says that Volkswagen and Mercedes-Benz of Germany have asked the government to speed up the...
Breaking News
Meta Platforms said on Sunday that it is piloting a monthly subscription service called Meta Verified. It will enable users to verify their accounts with...
Breaking News
In an interview with Automobilwoche, Stellantis’ European boss, Uwe Hochschurtz, expressed optimism about its German subsidiary Opel’s future as an independent brand. Hochschurtz stated,...
Business
Three people who know about the situation say that Tencent Holdings has decided not to join the virtual reality (VR) hardware market because it...
Business
According to a Reuters report, the price of oil fell by almost 3% on Friday, with a weekly decline brought on by worries about...
Business
After recent US data indicated persistent inflation and a robust labor market, Goldman Sachs forecast that the US Federal Reserve will increase interest rates...
Business
Boeing is giving its chief executive, Dave Calhoun, approximately $5.29 million worth of stock. This is to encourage him to stay through the company’s...
Business
General Motors, also called GM, is an American firm that, for a sizeable portion of the 20th and early 21st century, was the largest...
Business
According to an unknown source, 777 Partners LLC is allegedly considering investing in Everton FC, adding its name to the growing list of American...
Breaking News
CBS Network owner Paramount Pictures (PARA.O) missed Wall Street quarterly revenue estimates on Thursday. This is due to a wider advertising market slump. Even...
Breaking News
According to a statement released by Lactalis on Thursday, French authorities are investigating allegations that the dairy giant improperly implemented product recalls and withdrawals....
Breaking News
Stellantis (STLAM.MI), the parent company of Chrysler, is recalling 340,000 diesel Ram pickup trucks to replace an electrical connector. This is after receiving reports...
Breaking News
On Wednesday, Warren Buffett’s longtime Berkshire Hathaway Inc (BRKa.N) partner, Charlie Munger said China remains an interesting opportunity to invest despite geopolitical risks. “People who...
Breaking News
Roku Inc (ROKU.O) forecasted first-quarter revenue above analyst estimates on Wednesday. Pinning its growth hopes on its streaming devices and content platform. Following the...
Breaking News
U.S. retail sales increased significantly after two consecutive months of monthly declines. Implying that the Federal Reserve will maintain higher interest rates for some...
Business
Kering (PRTP.PA),(PRTP.PA), a French luxury goods conglomerate, saw its most valuable brand, Gucci, lose 7% of sales in the fourth quarter due to COVID-19...
Business
Official data showed that UK consumer price inflation fell more than expected in January to 10.1% from 10.5%. The Bank of England monitors underlying...
Business
Lael Brainard will leave the Federal Reserve next week to become one of President Joe Biden’s top economic advisors, leaving a political and intellectual...
Business
Joe Biden pushed Republicans on Tuesday to present a budget blueprint and let Americans make decision. Decision on whether they want to keep the...
Business
Ford Motor Co (F.N) said on Tuesday that it has halted manufacturing and shipments of its F-150 Lightning electric truck after the discovery of...
Business
Air India has agreed to buy 250 jets from Airbus (AIR.PA), as part of a mega-deal for 470 planes. The deal is expected to...
Business
Nestle to compensate an ex manager with 2 million ($2.2 million) as reported by The Tages-Anzeiger. This was after a Swiss court validated her...
Technology
ChatGPT, a rapidly expanding artificial intelligence program, has been lauded for its capacity to swiftly compose replies to a broad variety of topics, and...
Business
Adidas may suffer its first loss in 31 years because of tainted Yeezy sneaker stocks. The new CEO, Bjorn Gulden said on Thursday that the...
Business
Apple supplier says its January monthly sales hit a record high as it recovered from Covid-19 disruptions in China. In a sales update on Sunday, the...
Breaking News
As it battles a slowdown in the personal computer industry and prepares for a potential recession, Dell Technologies Inc. (DELL.N) is laying off 6,650...
Breaking News
According to Brian Armstrong, creator and CEO of the cryptocurrency exchange Coinbase, this is the case. He contends that bitcoin should be regarded in...
Breaking News
The cryptocurrency market is a new and fascinating area of investment. Many people are curious about how it works and if it is possible...
Breaking News
The internet has revolutionized the way we do business. Anyone with a computer and an internet connection can start a business and reach customers...
Breaking News
Many family businesses, like an heirloom or a secret recipe, are passed down from generation to generation. They aren’t usually passed down through tragedy....
Breaking News
Mai Lieu is the Founder, CEO, and President of Crea Products Inc, a product development and advisory firm that encourages and conveys innovative and...
Business
According to the most recent U.S. inflation figures, released last week, airfares decreased by a seasonally adjusted 1.8 percent from May to June. When...
Business
Microsoft has been appointed as Netflix’s partner for its ad-supported service, the two firms said on Wednesday. “As we develop a new ad-supported solution...
Business
Early on Monday morning, Elon Musk replied to the most recent significant step in his continuing dispute with Twitter by tweeting a meme of...
Entrepreneurship
Ryan Kenny, the founder of the Christmas Tree Hugger, came up with the product with one goal in mind: to fix the fake! The...
Breaking News
P&G or Procter & Gamble (PG.N) bumped up its annual sales forecast on Wednesday, as the consumer goods giant benefits from higher prices and...
Cryptocurrencies
Which group would you try to persuade to embrace BTC if you had the chance? Is that a whole country? Bond investors? Managers of...
Business
Binance Turkey was fined 8 million lira for failing to comply with anti-money laundering regulations
Binance Turkey was found to have broken the Law on the Prevention of Laundering Proceeds of Crime, also known as the AML Law, by...
Business
Michael Bloomberg is a businessman and former politician who has served as the Mayor of New York City from 2002 until 2020. He is...
Business
Crypto startup Palm NFT Studio said on Thursday it had raised $27 million in an early-stage funding round led by Microsoft Corp’s venture fund...
Business
Indian software services exporter HCL Technologies (HCLT.NS) said on Monday it will create 12,000 new jobs in the United States through the next five...
People
Born in February 1949, Duncan Walker Bannatyne is now a philanthropist, author, and Scottish entrepreneur. Duncan’s business interests include spas, TV, property, media hotels,...
People
Timothy D. Cook is the chief executive officer (CEO) of Apple Inc. Timothy graduated from Auburn University with a bachelor’s degree in industrial engineering....
Business
Taiwan is looking at cooperating with three Eastern European countries on semiconductors; a minister said on Thursday, a move likely to find favor in...
Business
Plans by the Indian government for a new bill that would bar most private cryptocurrencies have triggered heavy selling in the country’s digital currency...
Business
Paytm (PAYT.NS) dismal stock market debut this week is likely to put a damper on future offerings after the IPO of the digital payments firm ranked...
Business
Amazon.com Inc (AMZN.O) has reached a deal to sell virtual medical services to Hilton (HLT.N) in the United States, landing a marquee customer for its nascent healthcare business....
Business
A new quantum computer startup born from researchers at Harvard University and Massachusetts Institute of Technology (MIT) called QuEra Computing said on Wednesday it...
Entrepreneurship
The CEO secret program by BBC has made an impact on many company officials. Different startups shared how they operated during the lockdown. However,...
People
Warren Edward Buffet is an American investor, business tycoon, and philanthropist. He is one of the most successful investors in the world. Moreover, he...
People
Larry Ellison is the billionaire founder of Oracle Corp. He built one of the biggest companies in the technology industry. However, his influence has...
People
Jack Ma Yun is a Chinese investor, business magnate, and philanthropist. He co-founded Alibaba Group. Alibaba is a multinational online platform that sells wholesale...
People
Here is a story of a run-away kid who emerged as a millionaire years later. Dropping out of college to pursue his dreams is...
People
Elon Musk is the CEO and one of the co-founders of Tesla, a car manufacturing company. He is an American Canadian, South African businessman,...
Politics
Covid-19 vaccine arrived in Africa from Manhattan, New York. Research has been on the front row to search for viruses, and finally, WHO declares...
People
Amancio Ortega is the co-Founder of Zara, the greatest textile fashion industry. He is a Spanish businessman and a philanthropist. Early Childhood Born in...
People
Ingvar Kamprad is the founder of the IKEA store company. He is a Swedish businessman and philanthropist. His Early Life He was born in...
People
Larry Ellison is the co-founder of Oracle Systems Corporation. He is an American Jewish, a businessman, and a software developer. He was born in...
People
Warren Buffet is the CEO of Berkshire Hathaway in the USA. He is America’s richest investor, a businessman, an entrepreneur, and a philanthropist. Early...
Technology
Bill Gates, the Microsoft software company co-founder. He is an American software programmer, a public speaker, philanthropist, and entrepreneur. Early Childhood life Born and...
People
Charles Koch is the president and the chairman of Koch Industries. He is an engineer, a businessman, and a philanthropist. Early childhood life He...
People
Jeff Bezos is the co-Founder and the chairman of Amazon, the best online shop in the world. He is an American, a technologist, and...
People
Michael Bloomberg is the CEO and founder of Bloomberg Lp. He is an American Politician, a business author as well as a philanthropist. His...
Entrepreneurship
There is a growing dependency of youths on the government hoping to land government jobs or perhaps in the private sector to no avail....
Entrepreneurship
Being – and staying – productive is the name of the game. And in this age of constant information overload, it’s becoming increasingly more...
Entrepreneurship
We all want to be as productive as possible. The lingering dread that things could be done better, faster, with fewer mistakes and greater...
Technology
Smartphones have long since taken on the role of – among other things – miniature, portable computers we carry almost everywhere we go, and...
Entrepreneurship
In today’s world, work-associated stress is, without a doubt, one of the biggest health issues employees has to deal with. There are a lot...
Business
Vitamix announced on Monday that it will recall roughly 105,000 blenders after multiple consumers cut their hands on the blades. The company stated on...
Business
Nasal nightmare CVS Health’s 12 Hour Sinus Relief Nasal Mist is one product that was removed from shelves on Wednesday after the FDA found...
Entrepreneurship
Moving company, College Hunks Hauling Junk, is headquartered in Tampa Florida and has been posting strong numbers since their appearance on Shark Tank. The...
Entrepreneurship
Are offices becoming obsolete? Business workers in myriad industries have taken to co-working spaces over offices in recent years. Indeed, this theme has become...
Business
Papa John’s problems continue Papa John’s founder John Schnatter, also known as “Papa John,” will file a lawsuit against Papa John’s to access company...
Politics
Sugared drinks ban not so sweet for restaurants Baltimore announced Wednesday that sugared drinks will now be banned from kids’ menus in the entire...
Politics
City Council challenges Airbnb New York City’s City Council voted on Wednesday to move a bill forward that will block rental services like Airbnb....
Politics
Google faces another European lawsuit The European Commission announced on Wednesday that it is fining Google €4.34 billion ($5 billion) for forcing its Google...
Business
Weed regulations weeding out smaller firms Starting July 1, marijuana retailers must meet strict safety requirements in order to sell. Because of these approaching...
Business
It’s a great day for Discover employees Discover will follow the lead of Walmart and various other companies, offering its employees a scholarship pursuing...
Lifestyle
Sacramento has come in third as the city that millennials are moving to. This should motivate employers to move to the city as well....
Economy
Bloomberg News reports that the Shale boom is having a paradoxical effect on local economies in areas of shale production. “It’s fueling the region...
Business
Starbucks’s new policy allows non-paying customers to sit in their cafes and use their restrooms. A video centered on two African American men in...
Technology
iPhone X is not selling well because of its high price. Apple’s earnings report show an increase. Perhaps it’s because of how frequent each...
Finance
Amazon’s earnings in the first quarter is twice of its earnings before. The company plans to increase its Prime membership fee by 20%. Towards...
Lifestyle
Rat poison has been found in synthetic cannabinoids. The use of synthetic cannabinoids has been reported to cause severe bleeding. As recreational marijuana becomes...
Finance
Facebook first-quarter reports show that its earnings and shares are all soaring up. The company has far exceeded Wall Street predictions. Despite the horrendous...
Lifestyle
Health benefits only occur when there is 70% cacao in the chocolate’s content. Cacao consumption can reduce stress, strengthen the immune system and improve memory. ...
Finance
IRS is extending its tax filing deadline because its server crashed on Tax Day. October 15 is the extended deadline for the filing of tax...
Finance
The changes in the value of Bitcoin has been explained by tax burdens. The $20 billion downdrafts in the past two weeks may be...
Technology
Tesla Model 3 sedan’s production is on another “planned production pause”. There are problems in its highly computerized assembly line. Tesla Inc. has recently...
Not Sure
Powdered caffeine has caused caffeine overdose in the past – leading to the loss of precious lives. The FDA has banned the sales of...
Technology
Studies reveal a number of Android applications are violating the U.S. COPPA law. Children under the age of 13 require more supervision in the...
Technology
Apple continues to show its dedication towards sustaining the environment. Apple and Google have both purchased RECs such that they are 100 percent running...
Technology
NASA has recently transported samples of human sperm into the outer space. This is part of the experiment to achieve procreation in zero-gravity. According...
Lifestyle
The use of Facebook contributes to the levels of stress hormone cortisone. The study required participants to not use Facebook for five days. The Journal...
Business
Trump Administration considers adding a 25% tariff on Chinese car imports. China retaliates with an equal 25% of 106 U.S. imported goods. Tesla Inc....
Technology
Saks Fifth Avenue, Saks Off Fifth and Lord & Taylor have experienced a breach in security. These stores lack security in its card payment...
Technology
The annual New York International Auto Show is happening right now. The highlights of the event are vehicles that holds a level of practicality,...
Politics
Coffee contains acrylamide, a substance that causes cancer. California requires coffee companies to put warning labels on the item. Almost a hundred companies that...
Business
McDonald’s have allocated $150 million into the Archways to Opportunity program. The funds came as a result of the lowered income tax rate, a...
Technology
Microsoft is reinforcing and revising its Code of Conduct terms. Microsoft has threatened to suspend or ban people for infringements. Due to the anonymity...
Finance
Uber Technologies is experiencing global challenges. Grab has procured Uber in Southeast Asia. Grab is a ride-hailing and logistics service based in Singapore. Its...
Technology
Uber’s autonomous vehicle kills a pedestrian in Arizona. Waymo, Google’s self-running car service, further expands its business. Smart gadgets have been around for some...
Business
Zuckerberg admits to Cambridge Analytica rumor. Facebook says calls and texts logging requires users’ permission. Just last week, there was news of Facebook Inc....
Technology
While there is already a significant amount of advertisement on Youtube that frustrates users, it seems like the situation will be worsening. Gradually, the...
Lifestyle
Alzheimer’s is one of the diseases that fall under the umbrella term, dementia. The effects are austere. It reduces one’s cognitive responses such that...
Business
For some time now, Alphabet, the parent company of our beloved Google, has been holding the position of the runner-up, right behind Apple Inc....
Technology
How ironic is it that we want our smartphones to increase in size while computers are desired to be smaller? Three years ago, the...
Technology
Back in 2010, there was a virtual magazine subscription called Next Issue, but was rebranded as Texture by Next Issue Media in 2015. Now,...
Technology
In a generation where smartphones are no longer categorized as a luxury item but a necessity, everyone is on some form of social media....
Business
In an era dominated by the millennials, the demand for certain goods and services have dropped as millennials are known to have a more...
Technology
Owing to the advancement and innovation in science and technology, we have become the generation that resorts to the utilization of voice-enabled devices in...
People
Jeff Bezos, the co-founder of Amazon has officially made it all the way to the top of Forbes list of world’s billionaires. Moreover, he...
Technology
Attributable to the 21st-century advancement in technology, there are not many folks out there who are not in possession of a smartphone. As a...
Technology
Since the modern age of breakthroughs in science and technology, some people have been rather suspicious of the government’s intention for quite some time...
Technology
Equifax Chairman and CEO Richard Smith stepped down Tuesday in the wake of a massive cybersecurity breach that exposed the birth dates, social security...