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S&P upgrades Turkey's ratings to 'B+' from 'B' 05/07/2024

L'Occitane will buy back its shares for $1.8 bln and leave stock exchange 05/02/2024

The Sun: The UK sends the first deported migrant to Rwanda 05/01/2024

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Business & Finance

China’s Prison Forced Labour Issue: Australia's Cotton On Probing Its Chinese Supplier

Following the revelation of forced prison labour in China and the suspension with a Chinese suppliers by the British retailer Tesco, investigations into its relationship with a Chinese printing firm suspected of using forced prison labour is also being done by Australian clothing retailer Cotton On...

New Warning About Huawei’s 5G Participation To UK From The US

A risk to British secret intelligence services MI5 and MI6 would be posed if the United Kingdom government allows participation of the Chinese telecom company Huawei into the country’s 5G telecommunications networks, warned the United State’s White House. According to a report...

Japan may postpone Japan Post shares sale after insurance scandals

The Japanese government is considering postponement the Japan Post Holdings Co. stock sale plan worth about $ 10 billion until the next fiscal year after scandals surrounding the company's insurance division. It is reported by Bloomberg, citing sources familiar with the situation. Concerns about...

Tesco stops selling postcards made in China due to suspicion of prison labor

The British company Tesco has suspended production of Christmas cards at a factory in China. According to a statement from Britain’s largest retail chain, production was halted due to suspicions of the use of prison labor. Tesco launched an investigation into suspected prisoners in a Chinese...

Google Fined €150m By France Watchdog For Slack Advertising Rules

The close scrutiny of the business practices of the United States based tech giants is continuing in Europe. Validation of charges of abuse of dominant market power the treatment of advertisers against the search engine giant Google resulted in the France’s competition watchdog imposing a...

Just Eat Backs Takeaway's Final Offer As An End For The British From Seems Ending

The 5.5 billion pound ($7.2 billion) all-share acquisition offer made by Takeaway.com as its final offer for the British company Just Eat has got the backing of the British firm on Friday, Just Eat said. The company also added that the acquisition could create a large enough entity in the online...

Pro-Trump Fringe Media Outlet Banned By Facebook Over Use Of Fake Accounts

A network of hundreds of fake accounts with computer-generated pictures to push selected content was used by pro-Trump US media outlet on Facebook, which the social media company described as a first-of-its-kind influence operation. The largest social media platform of the world also said that it...

Nike's profit up by 32% in Q2

Nike's net income rose 32% in the second quarter (ended November 30) to $ 1.12 billion ($ 0.7 per share) from $ 847 million ($ 0.52 per share) in the second quarter of last year. Revenues increased 10% to $ 10.3 billion from $ 9.4 billion in the second quarter of last year, the company said....

IFF And DuPont In A ‘$45 billion’ Merger Deal

DuPont selected IFF as the “preferred strategic partner for N&B”. International Flavors & Fragrances Inc has informed about the merger with a “nutrition & biosciences” unit of DuPont Inc which values “$26.2 billion”. The said deal will give birth to a “new consumer giant” which will value...

Binding Agreement Reached For Fiat Chrysler And PSA $50B Merger

The announcement of reaching a binding agreement for the approximately $50 billion merger of Fiat Chrysler Automobiles and PSA, owner of Peugeot, was made by the two companies. Analysts believe that the merger will create the fourth largest auto company of the world and is sure to reshape the...