News

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Fri, 29 Mar 2024 21:30:07 GMT

EU rejects Amazon's request

The top European Union's court has recently rejected Amazon's request to cancel the demand to make it's add repository available to the public.

Fri, 29 Mar 2024 18:30:04 GMT

Fast food companies experience decline in demand

Wendy's and McDonald's have reported that the two companies have been observing a decline of turnover, as low income consumer have abandoned the consumption of fast food. The firms consider below $50,000 per-year earners as low-income.

Fri, 29 Mar 2024 15:35:03 GMT

Kazaks expects rate cut in June

The member of the Governing Council of the European Central Bank Martins Kazaks has revealed that he expects the ECB to cut rates in June.

Fri, 29 Mar 2024 15:30:04 GMT

Moderna develops new vaccine

The pharmacy firm Moderna has secured $750 million in financing from Blackstone to develop new flu vaccines.

Fri, 29 Mar 2024 12:30:04 GMT

ProSieben rejects MFE proposal

The German broadcasting company ProSieben has urged shareholders to vote against the MFE-MediaForEurope proposal to split up the firm. MFE is the top stock holder of ProSieben.

Fri, 29 Mar 2024 09:30:05 GMT

US factories produce solar panels

Two US manufacturers have joined forces to source and create solar panels that could be marked "Made in USA" which would allow solar project developers to use federal subsidies.

Fri, 29 Mar 2024 06:30:04 GMT

Citi lays off research staff

Reuters has reported that despite the end of a major employee layoff Citigroup has fired ten additional researchers in the Asia Pacific region.

Fri, 29 Mar 2024 03:30:03 GMT

Subaru recalls vehicles

The United States National Highway Traffic Safety Administration has announced that Subaru of America has to recall almost 119 thousand vehicles due to an airbag deployment issue.

Thu, 28 Mar 2024 21:30:07 GMT

UBS sells Credit Suisse assets

UBS has decided to sell $8 billion of Credit Suisse securities products to Apollo Global Management. The bank has been selling off non-core assets of the collapsed banking group.

Thu, 28 Mar 2024 18:30:04 GMT

Yen's drop boosts stocks

The major decline of the Japanese Yen to 1990 levels has been attributed to the recent surge of the Japanese stock index, the Nikkei.

Thu, 28 Mar 2024 15:30:05 GMT

Russia faces issues collecting oil payments

As Turkey, China and UAE have increased compliance with US sanctions on Russia, Russian oil companies have reportedly faced increased number of issues with collecting payments for oil shipments.

Thu, 28 Mar 2024 12:30:06 GMT

H&M beats forecasts

The clothing retailer H&M has beat quarterly financial result expectations, as the firm has experienced a recovery at the start of the spring.

Thu, 28 Mar 2024 09:30:03 GMT

Trump's company gains value

On its debut on NASDAQ, the value of Trump's Trump Media Group jumped by 59%.The stock price touched a session high of $79.39 per share.

Thu, 28 Mar 2024 06:30:05 GMT

Renault sells Nissan stake

The French car producer Renault is set to sell about 2.5% of total amount of Nissan shares for a total of $392 million.

Thu, 28 Mar 2024 03:30:03 GMT

Visa and MasterCard reach $30 billion deal

MasterCard and Visa have reached a $30 billion settlement in a US antitrust lawsuit that is set to result in limited credit and debit card fees. The $30 billion in reduced costs are set to be passed on to consumers.

Wed, 27 Mar 2024 21:30:05 GMT

Renault recycles batteries

Executives of the French car maker Renault have revealed that they have been in early talks with partners about a potential creation of an electric vehicle battery recycling process.

Wed, 27 Mar 2024 19:30:03 GMT

Hedge funds invest in Europe

Morgan Stanley has revealed that, due to high equity price in the United States, hedge funds have moved their investment money to Europe.

Wed, 27 Mar 2024 17:30:04 GMT

BoJ could hike even more

Reuters has published a report that reveals how the Bank of Japan could increase interest rates even higher than already expected. Recently, the central bank hiked rates for the first time in 17 years.

Wed, 27 Mar 2024 15:30:04 GMT

India buys US oil

As sanctions have been tightening Russian oil exports, Indian refineries have started to buy more US produced crude oil. Indian refineries are set to import 250,000 barrels per day during April.

Wed, 27 Mar 2024 13:30:05 GMT

Xi Jinping meets US executives

Reuters has revealed that the Chinese President Xi Jinping is set to meet US businessmen in Beijing on Wednesday. The meeting is set to be a follow up to a prior meeting done in November in San Francisco.

Wed, 27 Mar 2024 11:30:03 GMT

Dell fires employees

As a part of a cost reduction program, Dell has fired a total of 6,000 employees. The firm employed 126,000 workers in 2023. In 2024, nearly 120,000 are employed by the company.

Wed, 27 Mar 2024 09:30:04 GMT

Tesla offers new free trial

The United States electric vehicle maker Tesla has announced that the firm would offer its US customers a free month to use the driver-assist technology.

Wed, 27 Mar 2024 07:30:04 GMT

SWIFT plans new platform

The global bank network SWIFT has revealed that it intends to create a new digital currency platform for central banks in approximately a year or two.

Wed, 27 Mar 2024 05:30:04 GMT

Citigroup ends overhaul

The banking group Citigroup has announced this week that is has ended its overhaul. Citigroup has fired a total of 5,000 employees to simplify its structure.

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