Economy
As September concluded, global hedge funds rushed to take up bullish positions in banks, insurance firms, and capital markets, according to a client note...
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As September concluded, global hedge funds rushed to take up bullish positions in banks, insurance firms, and capital markets, according to a client note...
Shell’s CEO says there is no change in the company’s strategy. According to Chief Executive Officer Wael Sawan, Shell (SHEL.L) has no intentions to...
As increased pricing for its shoes and clothing helped to overcome a hit from declining demand and ongoing cost constraints, Nike (NKE.N) was above...
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...
After initial gains on a tighter supply forecast and volatile trading on Monday, oil prices moved lower as Russia lifted its gasoline embargo. Still,...
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...
Amazon.com (AMZN.O) said on Monday that it will invest up to $4 billion in cash in the well-known firm Anthropic to compete with burgeoning...
Amazon will roll out ads on Prime Video in 2024. Membership growth has slowed since the outbreak, so next year, Amazon (AMZN.O) Prime Video...
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...
Swiss medical technology company Ypsomed (YPSN.S) announced a long-term autoinjector supply arrangement with Novo Nordisk (NOVOb. C.O.), demonstrating how the Danish drugmaker’s weight-loss medicine...
Kioxia’s banks refinance a $13.5 bln loan for the Western Digital merger. According to a report from Bloomberg News on Wednesday, lenders for Kioxia...
Societe Generale (SOGN.PA) shares fell more than 6% in early Monday trade after France’s third-largest bank indicated in a long-awaited strategic plan from its...
The British division of the German discount supermarket Lidl reported a 19% increase in sales due to its cheap pricing attracting more consumers. Despite...
UAW prepares to strike at Detroit Three automakers, rejects new offers. On Wednesday, the United Auto Workers announced preparations to strike individual U.S. auto...
On Thursday, as part of the French oil major’s aim to decarbonize its European refineries, TotalEnergies published a call for bids for the yearly...
On Thursday, Thyssenkrupp (TKAG.DE) revealed its intentions to combine its companies with a green technology focus into one division and started a performance program...
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...
Global securities regulators presented their first blueprint to hold players in “decentralized finance” (DeFi) responsible for their activities and preserve market stability. DeFi platforms...
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...
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...
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...
According to an internal letter that Reuters accessed, the newly appointed CEO of Alibaba Group, Eddie Wu, has informed employees that “user first” and...
UAW says some progress has been made in labor talks, but a wide divide remains. On Tuesday, UAW President Shawn Fain said that the...
Struggling Indian edtech, Byju proposes to repay a $1.2 billion loan. Byju’s, an Indian edtech business with legal and financial issues, has suggested repaying...
CEO Tony Fernandes told Reuters that AirAsia’s parent company, Capital A Berhad (CAPI.KL), expects its operations to recover to pre-pandemic levels by December. The...
Following their best week in over two months, Indian shares are expected to begin slightly lower on Monday. Asian markets also began lower ahead...
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...
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...
Stellantis, the global automotive giant formed through the merger of Fiat Chrysler Automobiles (FCA) and PSA Group, has set its sights on becoming a...
CME Group will cut 3% of its employees and reallocate roles. In a significant move, the CME Group, a leading financial derivatives exchange company,...
The U.S. debt agreement boosts Asian stocks. Asian stocks rose on Tuesday as investors hoped the world’s largest economy would avoid a severe debt...
On April 18, E.U. governments and parliament are set to approve the 43 billion euro ($47 billion) plan to enhance the E.U.’s semiconductor sector...
Britain said on Friday that it had joined an 11-country trans-Pacific trade pact that includes Japan and Australia to strengthen regional connections and boost...
Asia’s stock markets retained recent gains on Thursday as worries of a financial crisis subsided and investors considered if Alibaba’s break-up heralds the end...