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Record Annual Profit Prompts Barclays To Increase Investor Payouts

Barclays declared a record annual profit for 2021 and returned 2.5 billion pounds to shareholders through dividends and share buybacks, as bad loan costs fell and its investment bank maintained its recent excellent performance.   The British lender announced a pretax profit of 8.4 billion...

Trump's Truth Social Is The Most Downloaded App On The Apple App Store, With Many People On The Waiting List

Truth Social, former US President Donald Trump's newly created social media platform, debuted late Sunday in Apple's App Store. This is potentially a signal for the former president returning to social media after he was banned from a number of social media platforms last...

Fight Over Pig Policy In McDonald’s Supply Chain Escalates With Board Nominations

Carl Icahn, the billionaire investor, has intensified his campaign against McDonald's over the treatment of pigs in the company's supply chain. Icahn, a Wall Street legend for shaking up firms, wants to appoint two persons to McDonald's' board of directors.   He only owns 200 McDonald's...

Amazon, Reliance To Get Into A Bidding War For Cricket League Broadcasting Rights In India

Amazon's competition with Reliance Industries, an oil-to-retail giant in India, appears to be heading to the cricket pitch, where the two companies will likely compete for broadcasting rights to India's main cricket league, which has hundreds of millions of viewers.   According to reports...

Adidas Reiterates Confidence Of Strong Growth In China In 2022

China has been a crucial market for the German sportswear company Adidas where its business has been severely hit because of the re-imposition of the restrictions linked to the Covid-19 pandemic last year as well as a call for a mass boycott of its products and other Western brands.  ...

DoorDash Reports Better-Than-Expected Quarterly Revenue Driven By Strong Demand For Food-Delivery

Online food ordering and food delivery platform DoorDash Inc's expectations of the market for its quarterly revenues as the company reported continued demand for meal delivery even as the US economy is opening up. According to analysts, the continuation of online food delivery demand shows that the...

Cisco Hikes Forecast For Annual Earnings, To Have Share Buybacks Worth $15 Bln

Cisco Systems Inc expects to gain from increased prices of its products because of the global shortage of semiconductor chips as well as an expected eventual drop in costs for logistics and transportation as delays in shipment will abate. This prompted the company to raise its guidance for the...

It Is ‘Reasonable’ To Expect Pandemic Is Towards Its End Stage, Says Moderna CEO

It is now “reasonable” to consider that the world could be close to the final stages of the Covid-19 pandemic, said Moderna’s CEO Stephane Bancel.   “I think that is a reasonable scenario,” he told CNBC’s “Squawk Box Asia” when asked about views that the Covid-19 pandemic may now be in its...

Louis Vuitton To Raise Product Price This Week In The Wake Of Rising Costs

Starting on Wednesday, the worldwide fashion brand Louis Vuitton, which is owned by the LVMH group, will raise the price of its products in stores and online platforms around the world. According to reports citing a spokeswoman for the French luxury goods firm in China, the company's decision was...

2021 Was One Of The Best Years For Singapore’s DBS Bank, Says CEO

DBS Group, Singapore's largest lender, recorded a record full-year profit in 2021, and CEO Piyush Gupta told CNBC that it was "one of the best years" he'd ever seen.   “That has been a solid year, perhaps one of the best years I’ve seen in a long time. And that includes a very robust growth...

Google Analytics’ Operations Risks Breach Of EU’s Data Privacy Regulations, Says French Watchdog

According to France's watchdog CNIL, Google Analytics, arguably the most popular and widely used web analytics program in the world that has been built by Alphabet's Google, carries the risk of allowing intelligence services of the United States to gain access to data...

Ford Planning To Restart Manufacturing Evs In India After Exiting The Market A Few Months Ago

Ford Motor Co announced on Friday that it is contemplating developing electric vehicles (EVs) in India for export and potentially for also selling them in the domestic market, just months after the company chose to discontinue selling and manufacturing automobiles in the nation.   Ford's...
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