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Beijing Receives A Promise From Citigroup CEO To Continue China Expansion

Beijing Receives A Promise From Citigroup CEO To Continue China Expansion

In response to Beijing's efforts to draw in more foreign capital, Citigroup CEO Jane Fraser stated the bank will continue to grow its operations in China during her first visit to the nation this week as the head of the U.S. company.   The National Financial Regulatory Administration (NFRA)...
Vodafone, And Hutchison Will Announce Merger In The UK Very Soon

Vodafone, And Hutchison Will Announce Merger In The UK Very Soon

Vodafone and CK Hutchison are close to reaching an agreement to combine their British operations, and an announcement may come as soon as this Friday or early next week, according to a report from Reuters citing three sources.   On Wednesday, shares of Vodafone rose 3% in response to the...
Apple's 'Reality Pro' Platform Will Be Worth $20 Billion, Says Morgan Stanley As It Raises Its Apple’s Target To $190

Apple's 'Reality Pro' Platform Will Be Worth $20 Billion, Says Morgan Stanley As It Raises Its Apple’s Target To $190

Morgan Stanley, a financial services company, increased its price target for Apple to $190 in anticipation of the company releasing a category-defining AR and VR headset and so significantly expanding the market.   According to Morgan Stanley, its overall projection model for the company now...
Walmart Restates Its Intention To Double Global Gross Merchandise In Five Years

Walmart Restates Its Intention To Double Global Gross Merchandise In Five Years

A top Walmart official stated on Friday that the company still aims to quadruple the amount of gross product volume it sells in international markets to $200 billion in five years, despite the continued uncertainty surrounding the global economy.   Gross merchandise volume (GMV) is a metric...
Stocks Of Softbank Get A Hike In The AI Chip Craze Prior To Arm’s IPO

Stocks Of Softbank Get A Hike In The AI Chip Craze Prior To Arm’s IPO

Shares of SoftBank Group Corp. increased 5% in early Friday trading as the technology investor—which is contemplating an IPO of chip designer Arm—got sucked into a buying frenzy for equities in the semiconductor and AI industries.   The Japanese conglomerate's shares have increased 17% since...
The Head Of Trust And Safety At Twitter Has Reportedly Resigned

The Head Of Trust And Safety At Twitter Has Reportedly Resigned

Ella Irwin, the head of trust and safety at Twitter, announced her resignation to Reuters on Thursday. Since billionaire Elon Musk acquired the social media platform in October, the firm has come under fire for its inadequate measures to block harmful information.   When Yoel Roth quit as...
Singapore's Temasek Lowers Salaries For Employees In Charge Of FTX Investments

Singapore's Temasek Lowers Salaries For Employees In Charge Of FTX Investments

Temasek Holdings, a Singaporean state investor, announced on Monday that it had reduced compensation for both the top management group and the team that proposed Temasek's participation in the now-bankrupt FTX bitcoin exchange.   The action was taken about six months after Temasek began an...
Twitter Withdraws From The EU's Voluntary Anti-Fake News Code

Twitter Withdraws From The EU's Voluntary Anti-Fake News Code

According to the European Union, Twitter has left the voluntary code in an effort to combat misinformation. The EU's internal market commissioner, Thierry Breton, tweeted the news, but he also cautioned that the strict new standards would need compliance.   "Obligations remain. You can run...
7%+ Increase In Ford And Tesla Stocks Following Superchargers Agreement

7%+ Increase In Ford And Tesla Stocks Following Superchargers Agreement

After the second largest automaker of the United States revealed a pact allowing its electric-vehicle owners to access competitor Tesla Inc's charging stations in North America, Ford Motor Co shares increased by more than 7% on Friday.   According to Ford CEO Jim Farley, Tesla's...
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...
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World

WHO Faces Major Budget Cuts: The Impact on Global Health

WHO Faces Major Budget Cuts: The Impact on Global Health
The World Health Organization (WHO) is bracing for significant financial cuts, signaling a major shift in global health governance. A proposed 21% reduction in its budget is expected to reshape its...

UK Detects First Case of Bird Flu in a Sheep, Stoking Fears of Spread

UK Detects First Case of Bird Flu in a Sheep, Stoking Fears of Spread
In an unprecedented development, UK authorities have confirmed the first-ever case of bird flu (H5N1) in a sheep. The case was detected in northern England, where routine monitoring of farmed...

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...

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...