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Profits of companies from the DAX index will grow faster than those from the S&P 500 in 2026 06/09/2025

U.S. and China Gear Up for Critical Trade Talks in London: Key Stakes and Outlook 06/07/2025

Beijing’s Stranglehold: How China Controls the Global Auto Industry Supply Chain 06/05/2025

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Business & Finance

Binance burns $ 52.5M of its own tokens

Binance cryptocurrency exchange reported a record quarterly burning of BNB tokens. According to the release, the exchange explained this burning with increased traffic, as well as the increased interest of users in digital money. In this quarterly burning of tokens, 3,373,988 BNBs were destroyed;...

US Offices To See Big Change Because Of Novel Coronavirus

Analysts of the commercial real estate industry of the United States are of the opinion that the impact of the novel coronavirus pandemic in the country will have an impact on the office rental sector in the country similar to what happened with malls because of the emergence and growth of...

Chevron subsidiaries sell assets in Azerbaijan

Chevron’s subsidiaries sold their shares in oil assets in Azerbaijan for $ 1.57 billion to the Hungarian MOL, the American oil company said. "Chevron Corporation today announced that its subsidiaries sold their non-operating shares in the Azeri–Chirag–Gunashli (ACG) oil field... and the...

US Funding To WHO Stopped By Trump Over Its Role In Covid-19 Pandemic

Amidst the coronavirus pandemic wrecking havoc in hundreds of countries around the world , including the United States, funding to the World Health Organization has been halted by the US President Donald Trump over his allegations that the UN agency had not handled the coronavirus pandemic in a...

US banks are losing profits due to rising defaults on loans

The first quarterly reports of US banks showed that the coronavirus pandemic, quarantine measures and the closure of enterprises significantly affected performance of financial companies. Bank profits fell sharply due to the fact that they are forced to allocate billions of dollars from reserves to...

€3B loan approved for Adidas amid COVID-19 pandemic

The German Adidas AG, one of the world's largest manufacturers of sportswear and accessories, received approval for a loan of €3 billion to support the business amid the coronavirus pandemic, the company said in a message. Adidas notes that it has received approval from the German government for a...

Warren Buffett's company sells BNY Mellon shares for $30.9M

Warren Buffett’s investment firm, Berkshire Hathaway, sold a $ 30.9 million stake in Bank of New York Mellon (BNY Mellon) to the U.S. Securities and Exchange Commission (SEC). In total, on April 7 and 8, Berkshire Hathaway sold 869,103 shares of BNY Mellon. Now it has 88.1 million securities of the...

Tesla Begins Shanghai-Made Model 3 Variants Sale In China

Tesla avoids import tax by locally manufacturing its Model 3 variants for Chinese market. Tesla, the U.S. EV manufacturer informed that it has resumed its sale in China for “two more Model 3 variants” which were manufactured in its Shanghai based plant, which means all the “Model 3 sedans” which...

Renault Could Turn To Bank Loans, Said Chairman Senard

Renault cancels dividends, cuts pay to financially help its staff amid coronavirus pandemic while informing its possible plan of seeking bank loans. Jean-Dominique Senard, the chairman of Renault, on Friday, 10 April 2020, said that the auto manufacturing company is exploring the options of seeking...

McDonald's loses quarter of sales in March

American McDonald's Corp., the world's largest chain of fast-food restaurants, reported a drop in comparable global sales in March by almost a quarter amid an outbreak of the coronavirus. According to the company’s press release, last month global comparable sales fell 22.2%. According to the...