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S&P downgrades Israel's ratings to 'A+' from 'AA-' due to rising geopolitical risks 04/22/2024

Power And Risk Are Created By China's EV Survival Game 04/24/2024

The US Government Is Attempting To Outlaw TikTok- Here’s Why 04/22/2024

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Business & Finance

Mastercard to buy Danish payment system Nets for €2.85 billion

American Mastercard, the second largest payment system in the world, has signed an agreement to purchase Danish technology company Nets A/S for €2.85 billion ($ 3.19 billion). According to Mastercard’s press release, this transaction will allow the company to expand its capabilities in the field of...

NASA To Include Jeff Bezos And Elon Musk’s Companies In Landing Man On Moon Again

The United States space agency has taken up plans to develop space technologies in its effort to send man again on the surface of the Moon by 2024 in the Artemis mission and later on send man to the Red Planet – Mars, and for this purpose, the agency has selected 13 companies for this purpose which...

Hong Kong magnates lose $ 19 billion due to protests

Wealth of Hong Kong businessmen has declined markedly over the past two weeks in the active phase of the protests. Financial assets on the Hong Kong Stock Exchange are also under pressure from the US-China trade war, but the local political crisis is becoming an increasingly serious factor in the...

More than 18 thousand lawsuits filed against Bayer in USA

The German chemical and pharmaceutical concern Bayer said that the number of lawsuits against the company in US courts has reached 18,400. Monsanto is accused of producing a poisonous herbicide due to glyphosate contained in it. Back in April, there were 13 thousand such claims. The trend of a...

Shell's profit drops to 2.5 years minimum due to low oil and gas prices

Royal Dutch Shell's profit in the second quarter fell to a minimum of two and a half years due to lower gas prices and refining margins, and fell short of analysts' forecasts. One of the largest energy companies in the world reported a 25% decrease in net profit due to shareholders, based on the...

Samsung wins in the US-China trade war

Both winners and losers from the U.S.-China trade war and Donald Trump’s sanctions against Chinese technology companies have now become visible in the global smartphone market. Samsung feels best of all in this situation. Despite recent problems with the foldable smartphone, the company has...

Higher Manufacturing And Investment Costs Hit BMW’s Second Quarter Earning

German car maker BMW’s second quarter performance has been hit by currency fluctuations as well as the increasing costs of development and production of electric vehicles and hybrid cars with the aim of meeting up with the stricter emissions limits in Europe and well as in other markets of the...

Global low-cost airlines increase passenger flow

According to calculations of the International Air Transport Association (IATA), the passenger flow amounted to 4.4 billion people in 2018, the seat occupancy rate grew to a record 81.9%. The largest increase in passenger traffic was observed in the Asia-Pacific region, which still accounts for the...

Despite Average Vehicle Price Reaching Record Levels, Report Expects Higher Consumer Spending

According to a forecast developed jointly by J.D. Power and LMC Automotive, there is an expected drop in the sale of new vehicles in the month of July compared to the same period a year ago. The forecast projects that there would be a 2 per cent decrease in retail sales of vehicles in July year on...

Airbus net profit grows by 141% in the first half of 2019

The largest European aircraft manufacturing corporation Airbus published financial results of the second quarter and the first half of the year. According to Airbus CFO Guillaume Faury, “the results of the first half of the year mainly reflect the increase in production of the A320 family of...