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Lifestyle
Bill To Outlaw Trade In Dog Meat Passed By The Parliament Of South Korea
South Korea's parliament passed a bill on Tuesday to ban the consumption and sale of dog meat, outlawing the contentious centuries-old practice amid increased support for animal welfare. ...
The Two Priciest Cities In The World Are Singapore And Zurich
The Economist Intelligence Unit (EIU) has announced that Singapore and Zurich were tied for the most expensive cities in the world this year, followed by Geneva, New York, and Hong Kong....
Pocket wallets vs. smartphones: Can we replace cash with digital currencies?
The more than a decade-long history of cryptocurrency has clearly demonstrated that the world is keen on the new form of money. The crypto frenzy has even prompted leading central banks to work on...
Most Popular
Tesla’s Top Markets – US, And China, Among Markets Where It Will Cut Jobs
Growing Hostilities In The Middle East Are A New Shock To Global Markets
Large Banks, Headed By Citi, Keep Reducing Workers In Order To Save Money
Adam Neumann Offers To Outbid Competitors As WeWork Scrambles To Obtain Capital.
TSMC Exceeds Revenue And Profit Projections For The First Quarter Due To Robust Demand For AI Chips
This Week's Tech Earnings Explosion Highlights The Mounting Issues At Google And Tesla
Slowing EV Growth Forces GM And Ford Rely On Gasoline-Powered Trucks
Trades In Bitcoin Ignore "Halving" In Favor Of More Significant Market Dangers
Netflix Will No Longer Release Subscriber Numbers As The Streaming Conflicts Fade
Nissan Lowers Its Projected Yearly Operating Profit By 14.5% Due To Slow Sales
Governments Need To Mediate Local Support For Miners, According To An Industry Organisation
UBS Predicts The Big Six Internet Giants' Profit Momentum Will "Collapse" By 2024
Latest News
Due To Concerns About Its Growth And Product Strategy, Tesla Is Anticipated To Report A Smaller Profit Margin
Trades In Bitcoin Ignore "Halving" In Favor Of More Significant Market Dangers
Reader's Pick
Swedish Finance Minister Says UBS's Expansion To Be Slowed By New Capital Standards Set For Swiss Banks
14/04/2024
US Inflation Is Declining, And The Economy Is Supported By Consumer Spending
30/03/2024
Trump's Media Business Made A Great Wall Street Debut, Valued At About $8 Billion
27/03/2024
New Study Finds People Who Were Class Bullies Could Make Higher Incomes In Their Middle Age
27/03/2024
Low-Income Americans Are Being Targeted By Food Businesses Like Kraft-Heinz And Coke; Here’s How
09/04/2024
Latest Business News
Due To Concerns About Its Growth And Product Strategy, Tesla Is Anticipated To Report A Smaller Profit Margin
Companies
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23/04/2024
Tesla is expected to soon release its lowest gross profit margin in over six years following a wild week that includes significant layoffs, car price reductions, and investor demands for clarification on the company's product strategy. During the conference call following the results, investors are expected to grill Tesla's CEO, Elon Musk, sharply about what will happen to the so-called...
Trades In Bitcoin Ignore "Halving" In Favor Of More Significant Market Dangers
Markets
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23/04/2024
Though industry insiders said on Monday that the cryptocurrency's fortunes were more directly related to broader financial market emotions and geopolitics, the so-called halving event of Bitcoin has had little effect on its price thus far. With the intention of reducing the rate at which new bitcoins are created, the "halving" of the cryptocurrency, which took place on Saturday at 00:14...
This Week's Tech Earnings Explosion Highlights The Mounting Issues At Google And Tesla
Markets
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23/04/2024
Tech giants face a mound of turmoil as they prepare to report results this week. Protests and reorganisations have occurred at Google, and Tesla recently revealed massive layoffs, price reductions, and a Cybertruck recall. Microsoft's OpenAI partnership is under increased scrutiny, and Meta, the parent company of Facebook, had a rough go of it last week when it rolled out its new AI...
Tesla Lowers Pricing After US Cutbacks In China, Germany, And Other Countries
Companies
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22/04/2024
Due to declining sales and a growing price war for electric vehicles (EVs), particularly with Chinese EVs, Tesla has lowered prices in several of its major countries, including China and Germany, after lowering prices in the US. The price reductions follow Tesla's announcement this month that worldwide car deliveries in the first quarter decreased for the first time in almost four years,...
UBS Predicts The Big Six Internet Giants' Profit Momentum Will "Collapse" By 2024
Companies
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22/04/2024
The so-called Big Six technology stocks' profit growth momentum may "collapse" during the upcoming quarters, according to strategists at UBS Global Research, who downgraded the mega-cap firms' rating on Monday. The "Big 6 TECH+" stocks—Apple, Amazon.com, Alphabet, Meta, Microsoft, and Nvidia—saw a decrease in earnings per share (EPS) growth to 15.5% by the first quarter of 2025 from...
Growing Hostilities In The Middle East Are A New Shock To Global Markets
Markets
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20/04/2024
World markets have been shaken by reports of an Israeli strike on Iranian territory that may spark a wider confrontation in the Middle East and quickly alter the course of everything from bonds to oil prices and inflation concerns. Friday saw a decline in stocks, a temporary increase in oil prices above $3 per barrel, and a rise in safe-haven government bonds. Although there...
Governments Need To Mediate Local Support For Miners, According To An Industry Organisation
Markets
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20/04/2024
The chairman of a well-known business group stated that more had to be done by governments around the globe to persuade indigenous and local communities to support mines that generate vital minerals needed to power the energy transition and combat climate change. Opposition to mines is growing worldwide due to religious, ecological, or other grounds; this pressure appears to have...
Slowing EV Growth Forces GM And Ford Rely On Gasoline-Powered Trucks
Companies
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20/04/2024
When U.S. automakers Ford and General Motors release their first-quarter earnings next week, they will both be up against the same obstacle: elucidating to investors the source of future profit growth as EV growth slows. The past year has seen a downturn in the demand for electric vehicles worldwide, increased competition from Chinese manufacturers, and high borrowing prices in the...
Nissan Lowers Its Projected Yearly Operating Profit By 14.5% Due To Slow Sales
Companies
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19/04/2024
Japan's Nissan Motor cut its forecast for annual operating profit by 14.5% on Friday, citing a decline in car sales that was less than anticipated in addition to other issues. For the year that concluded in March, Japan's third-largest automaker by volume now projects an operating profit of 530 billion yen ($3.43 billion), down from 620 billion yen previously. Instead of 390 billion yen,...
Netflix Will No Longer Release Subscriber Numbers As The Streaming Conflicts Fade
Companies
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19/04/2024
Unexpectedly, Netflix declared that it will no longer be releasing quarterly subscriber figures. This move is interpreted as a signal that years of user gains in the streaming battles are about to come to an end. The pioneer of streaming video saw a decline in share price after reporting a substantial influx of new users in the first quarter, but its revenue projection fell short of...
Adam Neumann Offers To Outbid Competitors As WeWork Scrambles To Obtain Capital.
Companies
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18/04/2024
Adam Neumann has stepped up his efforts to take back control of WeWork even as the co-working pioneer scrambles to fund hundreds of millions of dollars to avoid going bankrupt and prevent a sale, according to a Financial Times report citing information from two people familiar with the situation. Since declaring bankruptcy in November, the corporation has made many court-mandated...
TSMC Exceeds Revenue And Profit Projections For The First Quarter Due To Robust Demand For AI Chips
Companies
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18/04/2024
Taiwan Semiconductor Manufacturing Company (TSMC) on Thursday exceeded first-quarter sales and profit projections, mostly attributable to the persistently high demand for sophisticated circuits, especially those utilised in artificial intelligence applications. As compared to LSEG consensus estimates, these are TSMC's first-quarter results: Net revenue: NT$582.94 billion vs...
World
Global Warming Causes The First 12-Month Period Above 1.5C
According to the European Union's climate change monitoring service, the world just had its warmest January on record, making it the first 12-month period in which average temperatures were more than...
2023 Was The Second-Warmest Year Ever For The UK
The national weather service of the United Kingdom, Met Office, announced that 2023 was the second-warmest year on record for Britain. This finding highlights the increasing influence of human-caused...
Fury And Dissatisfaction As The COP28 Draft Language Leaves Out The Phase-Out Of Fossil Fuels
On the last day of the global conference, the proposed language for a COP28 climate agreement that does not call for the phase-out of fossil fuels has come under heavy fire from influential figures,...
Brazil Joins The Global Climate Accord To Increase Renewable Energy Usage By Three Folds
Brazil has joined a potential agreement supported by the United Arab Emirates, the United States, and the European Union to treble the amount of renewable energy produced globally by 2030 and move...
The Rise of India and the Decarbonisation of its Economy
Ranked 14th in the world for gas consumption in 2022, with a growing dependence on imports, India plans to further increase its use of LNG. This appetite stems from both the economic development of...
People
New Study Finds People Who Were Class Bullies Could Make Higher Incomes In Their Middle Age
A recent study challenges the widely held belief that school bullies would eventually get their comeuppance by indicating that they are likely to end up with greater earnings. The Institute for...
In A New York Corporate Fraud Lawsuit, Trump Slapped Fines And Interest Of $454 Million
A New York judge ruled in the former president's civil business fraud trial on Friday, ordering him to pay a total of approximately $454 million in penalties. According to an attorney...
Survey Finds 80% Employees In Asia Face Moderate To High Risk For Mental Health Issues
Employees in Asia are under "significant mental health strain," with 82% at moderate to high risk of being depressed. According to a recent study by insurance broker Aon and TELUS Health,...
The Way Bankman-Fried Of FTX Obtained A $250 Mln Bail
On Thursday, FTX founder Sam Bankman-Fried agreed to a bail deal that would see him released on a $250 million bond secured against his parents' property, with movement restrictions. ...
Majority Of Elon Musk’s Twitter Followers Do Not Want Him As Twitter Chief, Shows A Musk-Conducted Pool
Less than two months after taking over as CEO of the social media platform, Elon Musk faced backlash from Twitter users who voted in a poll for him to resign. According to the poll the...