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FedEx Restructures Operations: The Impact Of The Spinoff On The Future Of Freight And Delivery Services

Amazon Strikes: A Broader Look At Worker Unrest In The Retail Sector

Indian Rupee Faces Record Decline Amid Global And Domestic Challenges

The Rising Potential Of Geothermal Energy Amid Big Tech And Energy Sector Shifts

The Rise Of Chinese EVs: A Wake-Up Call For Japan’s Traditional Automakers

Biden’s Decision Looms Over Nippon Steel’s Bid For U.S. Steel Amid National Security Concerns

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

The Strategic Merger Of Honda And Nissan: A Response To The Growing Threat From Chinese Electric Vehicle Manufacturers

Labor Abuses Halt BYD's Brazilian EV Plant Amid Global Expansion Ambitions

VW Woes And Operational Changes – To Cut 35,000 German Jobs; Unions Agree

Nippon Steel’s Bid For U.S. Steel: A Clash Of National Security And Economic Interests

Xerox's Strategic Acquisition Of Lexmark: A Bold Move To Strengthen Its Market Position Amid Digital Disruption

Companies
Following Fraud, A Billionaire From Georgia Wins $926 Million From Credit Suisse

Following Fraud, A Billionaire From Georgia Wins $926 Million From Credit Suisse

In one of the largest legal judgements against the bank, Credit Suisse was ordered by a Singapore court to pay the former prime minister of Georgia $926 million for losing some of his fortune.   In the most recent setback for the struggling bank, which is being taken over by UBS, Singapore's...
Ford Signs An Agreement With Tesla To Start Using Competing Charging Stations In 2024

Ford Signs An Agreement With Tesla To Start Using Competing Charging Stations In 2024

Ford Motor Company announced on Thursday that it and Tesla Inc. have reached an agreement to give owners of its electric vehicles access to more than 12,000 Tesla Superchargers in North America starting in early 2024.   Ford is the first major manufacturer to adopt Tesla's proprietary...
Threat To Leave The EU By OpenAI CEO Sparks Criticism From Lawmakers

Threat To Leave The EU By OpenAI CEO Sparks Criticism From Lawmakers

Sam Altman, CEO of Microsoft-backed OpenAI, has been pleading with legislators all around the world to create new regulations for the technology for months. He warned on Wednesday that if the EU "overregulated," the manufacturer of the ChatGPT would quit.   The past week has seen Altman...
A Final Batch Of Business Teams Fired By Facebook Owner Meta

A Final Batch Of Business Teams Fired By Facebook Owner Meta

As part of a three-part wave of layoffs, Meta Platforms Inc., the company that owns Facebook, reduced employment across its business and operational groups on Wednesday. The plan to cut 10,000 positions was first disclosed in March.   A significant number of workers who were part of teams...
Kohl's Shares Hiked On Unexpected Earnings As The CEO's Turnaround Strategy Takes Hold

Kohl's Shares Hiked On Unexpected Earnings As The CEO's Turnaround Strategy Takes Hold

The department store chain's shares increased by as much as 19% after Kohl's Corp. revealed a surprise profit and its new CEO's attempts to turn around the business, which saw its margins decline last year, started to bear fruit.   Despite reporting a larger-than-anticipated decline in...
Ford Plans To Reduce Costs And Use Electric Vehicles To Reassure Investors

Ford Plans To Reduce Costs And Use Electric Vehicles To Reassure Investors

Ford Motor Co. has presented an ambitious plan to successfully increase electric vehicle sales, but it will be difficult to reduce expenses by $7 billion and recover Wall Street trust.   "You're not going to believe us until we start delivering it," Ford Chief Financial Officer John Lawler...
Toyota Claims That There Are Insufficient Resources For EVs To Be The Only Cleaner Car Alternative

Toyota Claims That There Are Insufficient Resources For EVs To Be The Only Cleaner Car Alternative

Due to a shortage of resources, battery electric cars (BEV) cannot be the auto industry's sole response to climate change, said Toyota Motor Corp.'s chief scientist on Thursday, warning that focusing on BEVs may encourage some drivers to continue driving polluting vehicles.   Some investors...
New CEO Of Vodafone Is Cutting 11,000 Jobs Globally To Decrease Costs

New CEO Of Vodafone Is Cutting 11,000 Jobs Globally To Decrease Costs

Margherita Della Valle, the new CEO of Vodafone, announced she will reduce 11,000 positions globally over the next three years to help the telecoms business regain its competitive edge, after the company warned that bad performance in its largest market, Germany, would hurt cash flow.  ...
Elon Musk Takes A U-Turn, Declares Tesla Will Advertise Its Vehicles

Elon Musk Takes A U-Turn, Declares Tesla Will Advertise Its Vehicles

Tesla Inc CEO Elon Musk, who has never used traditional advertising to sell cars, said on Tuesday that the company would give it a shot and see what happened.   Musk called it "ironic" that he now owned Twitter as CEO of Tesla. The social media network is heavily reliant on advertisements,...
UBS Claims It Was Hurried Into An Unfavourable Credit Suisse Rescue Merger

UBS Claims It Was Hurried Into An Unfavourable Credit Suisse Rescue Merger

A regulatory filing revealed that UBS Group AG was hurried into buying cross-town rival Credit Suisse Group AG in a merger it did not want, as a global bank crisis weakened the latter's solvency and prompted authorities to take rapid action.   In a report to the Securities and Exchange...
Twitter's New CEO Says She Is Enthusiastic To Help Improve The Company

Twitter's New CEO Says She Is Enthusiastic To Help Improve The Company

In a twitter post recently, the newly appointed Twitter CEO Linda Yaccarino stated that she is inspired by owner Elon Musk's vision for a brighter future and is enthusiastic to help modernise the social media network.   It was Yaccarino's first public statement since the news surfaced on...
Australian Gold Mining Firm Newcrest Supports Newmont's $17.8 Billion Bid

Australian Gold Mining Firm Newcrest Supports Newmont's $17.8 Billion Bid

Newcrest Mining Ltd, an Australian gold miner, announced on Monday that it will support Newmont Corp's A$26.2 billion ($17.8 billion) takeover bid, one of the world's largest buyouts this year.   The transaction, which is subject to approval by both companies' shareholders and other...
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World

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...

World Bank's Record Climate Finance: Implications For Global Development

World Bank's Record Climate Finance: Implications For Global Development
The World Bank Group announced on Thursday that it delivered a record $42.6 billion in climate finance during fiscal 2024, marking a significant 10% increase from the previous year's $38.6 billion....

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...