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737 Max Grounding And Covid-19 Woes Forces Boeing To Deepen Job Cuts

737 Max Grounding And Covid-19 Woes Forces Boeing To Deepen Job Cuts

The coronavirus pandemic and 737 MAX grounding continued to hammer sales at Boeing Co propelling the company to report its fourth straight quarterly loss on Wednesday. The company however reaffirmed its expectations that it would be able to resume US deliveries of the 737 Max planes before the year...
Mercedes Depends On Evolution In Contrast To Tesla’s Revolution In Self-Driving Cars

Mercedes Depends On Evolution In Contrast To Tesla’s Revolution In Self-Driving Cars

German luxury car maker Mercedes-Benz claimed that it has developed a self driving system similar to the new Full Self Driving software being touted by Tesla to be of a cutting-edge nature, but has not mentioned anything about allowing members of the public to use the technology on public roads....
Strong Demand Forces Ant Group To Pre-Close Institutional Book Of Its Hong Kong IPO

Strong Demand Forces Ant Group To Pre-Close Institutional Book Of Its Hong Kong IPO

Strong demand is prompting China’s Ant Group to prematurely close institutional order books for the Hong Kong part of its record breaking dual IPO, said reports quoting sources with knowledge of the matter.    The company has decided to close the institutional book of the $17.2 billion...
Asian Business And Slower Loan Losses Help HSBC Beat Q3 Profit Estimates

Asian Business And Slower Loan Losses Help HSBC Beat Q3 Profit Estimates

Resilient performance from its Asian operations and with less money set aside to address issues of bad loans helped lender HSBC to report better-than-expected profit in the third quarter.   Previously, the biggest bank of Europe in terms of assets had said that it could set aside as much as...
Gas Riches And Reconciliation In Middle East Eyed By Chevron For Future Expansion

Gas Riches And Reconciliation In Middle East Eyed By Chevron For Future Expansion

The United States based energy firm Chevron Corp is now focusing on its natural gas future tied to the Middle East which is a volatile and divided region which has posed any challenges to energy companies. Previously the company was focused on shale production in the US.    An...
US Biotech Firm Asklepios Bio To Be Acquired By Bayer For Up To $4 Bln

US Biotech Firm Asklepios Bio To Be Acquired By Bayer For Up To $4 Bln

Agreement to acquire the United States based biotech firm Asklepios BioPharmaceutical Inc for a deal which could be worth as much as $4 billion was reached by Bayer with the former company hoping to take advantage of the former’s expertise on gene therapy with the help of modified viruses.  ...
Boom In Home Fitness Trend To Be Tapped By Fitness Equipment Maker Technogym

Boom In Home Fitness Trend To Be Tapped By Fitness Equipment Maker Technogym

In order to offset a drop in sales to gyms and studios because of the restrictions imposed due to the novel coronavirus pandemic, Italian fitness equipment maker Technogym is creating infrastructure to be able to supply more of its exercise machines and virtual trainers to homes of customers....
Its Vaccine Deal With Oxford Allow It To App 20% Manufacturing Costs, Says AstraZeneca

Its Vaccine Deal With Oxford Allow It To App 20% Manufacturing Costs, Says AstraZeneca

The British drug maker AstraZeneca Plc said that it has the leeway to be able to add up to 20 per cent of manufacturing costs for its vaccine against the novel coronavirus under its deal with the Oxford University. The company said that this addition of costs will help it to provide some cover for...
Coca-Cola Q3 Results Beat Estimates With Sales Getting Better From Pandemic Lows

Coca-Cola Q3 Results Beat Estimates With Sales Getting Better From Pandemic Lows

The largest soda maker of the world Coca Cola comfortably beat market estimates for both 5revenues generated and profits made on the revenues for the recently completed quarter. Announcing the results the company said at its performance during the quarter was driven by strong "at-home" sales as the...
In-App Purchases And Cloud Hosting Services To Be Offered By WhatsApp

In-App Purchases And Cloud Hosting Services To Be Offered By WhatsApp

Services that will allow its users to make in-app purchases and hosting would now be offered by WhatsApp, said the app owner Facebook Inc.   Analysts view this latest move by the company as a part of its efforts to boost revenue from the app while also stitching together an infrastructure...
Even With TikTok Investment In Limbo, Walmart Pushes With Its Advertising Business

Even With TikTok Investment In Limbo, Walmart Pushes With Its Advertising Business

Following years of stunted progress, retailing giant Walmart Inc is now aggressively expanding its advertising business even while its proposal for a deal to purchase a stake in the popular Chinese video sharing app TikTok still remains uncertain.   Better utilization of its treasure trove...
Demand Growth In Cleaning Products Prompts P&G To Raise Forecasts

Demand Growth In Cleaning Products Prompts P&G To Raise Forecasts

A surge in demand and sale for its cleaning products because of the novel coronavirus pandemic prompted consumer goods giant Procter & Gamble Co to raise its annual sales forecast on Tuesday.   The company said that during the pandemic the sale of its cleaning products increased by as...
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World

2024: A Year Marked By Escalating Climate Extremes

2024: A Year Marked By Escalating Climate Extremes
In 2024, the global community faced unprecedented climate challenges, with human-induced climate change significantly intensifying extreme weather events. A comprehensive analysis by World Weather...

First Severe Human Bird Flu Case In U.S. Highlights Growing Health Concerns; Emergency Declared

First Severe Human Bird Flu Case In U.S. Highlights Growing Health Concerns; Emergency Declared
The United States has reported its first severe human case of bird flu in 2024, involving a Louisiana resident who is hospitalized in critical condition. This marks a significant shift in the ongoing...

Methane Emissions From Tropical Wetlands: A Growing Threat To Global Climate Goals

Methane Emissions From Tropical Wetlands: A Growing Threat To Global Climate Goals
Tropical wetlands, long known for their ability to absorb vast amounts of carbon, are now emerging as a major contributor to methane emissions, significantly complicating global efforts to tackle...

Conflict-Affected Nations Demand Urgent Climate Funding At COP29

Conflict-Affected Nations Demand Urgent Climate Funding At COP29
As COP29 unfolds in Azerbaijan, conflict-affected nations are making a unified call to double climate funding to over $20 billion annually by 2026. This demand comes against the backdrop of...

Trump’s Return To Office Could Shift Global Geopolitics: Putin Holds Firm On Ukraine, While Other Conflicts Face Uncertain Future*

Trump’s Return To Office Could Shift Global Geopolitics: Putin Holds Firm On Ukraine, While Other Conflicts Face Uncertain Future*
As former U.S. President Donald Trump prepares to re-enter the White House, the geopolitical landscape is bracing for significant shifts. Russian President Vladimir Putin has publicly expressed his...

People

Trump Declines Further Debates As Harris Emerges As Debate Winner In Polls

Trump Declines Further Debates As Harris Emerges As Debate Winner In Polls
Republican nominee and former U.S. President Donald Trump announced on Thursday that he would not participate in a third presidential debate against his Democratic rival, Vice President Kamala...

Kamala Harris Targets GOP Economic Criticism With New Policy Proposals

Kamala Harris Targets GOP Economic Criticism With New Policy Proposals
Vice President Kamala Harris on Friday presented a comprehensive economic policy agenda aimed at countering criticisms from Republicans and addressing key middle-class concerns. Speaking in Raleigh,...

Musk Gives To An Organisation That Supports Trump's Election: Bloomberg

Musk Gives To An Organisation That Supports Trump's Election: Bloomberg
According to a Bloomberg story quoting sources, billionaire Elon Musk, who has been criticising US President Joe Biden more and more, has contributed to a political organisation that aims to elect...

New Study Finds People Who Were Class Bullies Could Make Higher Incomes In Their Middle Age

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

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...