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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
Swedish Finance Minister Says UBS's Expansion To Be Slowed By New Capital Standards Set For Swiss Banks
Remote Work Responsible For Slowdown Of Innovation – Says Nike CEO
Tesla’s Top Markets – US, And China, Among Markets Where It Will Cut Jobs
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
Nissan Lowers Its Projected Yearly Operating Profit By 14.5% Due To Slow Sales
Netflix Will No Longer Release Subscriber Numbers As The Streaming Conflicts Fade
Latest News
Nissan Lowers Its Projected Yearly Operating Profit By 14.5% Due To Slow Sales
Netflix Will No Longer Release Subscriber Numbers As The Streaming Conflicts Fade
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
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...
Large Banks, Headed By Citi, Keep Reducing Workers In Order To Save Money
Markets
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17/04/2024
The largest US banks continued to reduce staff in the first quarter, with Citigroup experiencing the largest decline. After the third-largest U.S. lender completed a comprehensive reorganisation targeted at increasing earnings and cutting managerial layers, Citi's workforce shrank by 2,000 workers. In comparison to the previous quarter, Bank of America, Wells Fargo, and PNC Financial...
Tesla’s Top Markets – US, And China, Among Markets Where It Will Cut Jobs
Companies
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17/04/2024
Tesla is cutting jobs globally, including in sales, technology, and engineering. The automaker's two largest markets are the United States and China, accoridng to reports quoting sources. In an internal memo obtained by Reuters on Monday, CEO Elon Musk informed employees that the business is letting go of over 10% of its global personnel due to declining sales and a growing...
Remote Work Responsible For Slowdown Of Innovation – Says Nike CEO
Companies
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14/04/2024
Nike CEO John Donahoe on Friday blamed remote work for the company falling behind on innovation, saying that it’s tough to be disruptive when people are working from home. In a television interview, Donahoe was asked about the company’s lack of fresh new products in its assortment, which had been a concern among investors. “What’s been missing is the kind of bold, disruptive innovation...
Swedish Finance Minister Says UBS's Expansion To Be Slowed By New Capital Standards Set For Swiss Banks
Companies
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14/04/2024
The finance minister of Switzerland stated in an interview that was released on Saturday that the country's proposed stricter capital regulations for the banking sector will have an effect on UBS's capacity to expand. According to Karin Keller-Sutter, Aargauer Zeitung, if the regulatory package presented on Wednesday to prevent a repeat of Credit Suisse's collapse is put into effect,...
Low-Income Americans Are Being Targeted By Food Businesses Like Kraft-Heinz And Coke; Here’s How
Markets
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09/04/2024
Food manufacturers like Kraft-Heinz and Conagra Brands have redesigned their products and methods in response to years of price increases as Americans who depend on government assistance for food and other necessities are cutting back on their spending. Sales volumes of many of the largest manufacturers of packaged foods and beverages are down, in part because low-income consumers—who...
Google's Proposed Massive Acquisition Would Lead To A New Regulatory Battle
Companies
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09/04/2024
Even though many analysts think that Google parent Alphabet's planned acquisition of marketing software business HubSpot would not curtail competition, it would require the tech giant to create a new front in its struggle with antitrust watchdogs. Regulators would undoubtedly oppose the acquisition. The previous week, Reuters revealed that Google was considering making a $34 billion bid...
Amid Intense Chinese EV Rivalry, Tesla Abandons Plans For A Low-Cost Vehicle
Companies
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06/04/2024
Based on information gleaned from three people with knowledge of the situation and corporate communications obtained by Reuters, Tesla has cancelled the low-cost vehicle that investors had been hoping would propel the company's expansion into a mass-market manufacturer. According to the insiders, the manufacturer will keep working on self-driving robotaxis using the same small-vehicle...
Music Streaming Apps In Europe Will Be Allowed To Link To Their Own Websites By Apple For Users Buying
Companies
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06/04/2024
In an effort to comply with a European Union rule, Apple stated on Friday that it would be facilitating the process for music streaming apps on its App Store within the European Economic Area to notify consumers of alternative ways to acquire digital services. The decision was made a few weeks after the EU fined the iPhone manufacturer 1.84 billion euros ($1.99 billion) for using its App...
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...