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Gold suffers its sharpest drop in four years after breaking records 10/22/2025

EU Pushes Back Against National Barriers Stalling Banking Consolidation Across Europe 10/25/2025

U.S. Ends Trade Talks with Canada After Controversial Reagan-tariff Ad** 10/24/2025

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Business & Finance

Coronavirus Outbreak Hit Apple Inc Among TheLargest Corporate Casualty

Chinese manufacturing units of Apple and the Chinese market has been affected by coronavirus outbreak whereby affecting its Q1 sales target, although analysts remain hopeful for a recovery in the later quarters. In the beginning of this week, Apple Inc has informed that most likely it will miss the...

Shares Come Crashing For Alstom Post Alstom-Bombardier Rail Deal Announcement

Unions and regulators alike have shown their concern due to the recent rail deal development between Alstom and Bombardier wherein the former will possesses forty to sixty percent shares in regional train market. On Tuesday, 18 February 2020, the French firm Alstom saw its shares crumbling down...

Elbit System From Israel In A Defense Deal With An Asia-Pacific Country

Elbit in a “$670 million” deal to sell its defense electronics technology. According to Reuters’ reports the Elbit Systems from Israel stated on Tuesday, 18 February 2020, that it has managed to bag a contract worth “$670 million”. The contract has been signed with an Asia-Pacific country wherein...

German Court Clears Tesla To Cut Trees And Start Construction For Factory

The legal hurdle to the efforts of the United States based electric car making company Tesla to build an electric-car factory in Germany was overcome by it recently. A permission to the company to restart cutting down trees at a forest site in the small town of Gruenheide where the company...

Victoria's Secret to change owner

The American company L Brands announced sale of its lingerie brand Victoria's Secret. The controlling stake will be sold to Sycamore Partners, a private investment company that will acquire 55% of Victoria's Secret. The deal will cost about $ 525 million. After the sale of shares, Victoria's Secret...

Walmart Reports Online Grocery Growth In Japan Where It Has Struggled For Almost 2 Decades

While the brick-and-mortar stores of the largest retailer of the world Walmart in Japan, having opened up about decades ago, continue their search for profits, the company has tucked into a sweet spot in the Japanese food market as its fast-growing venture was ranked third in a fairly nascent...

Foxconn To Cautiously Restart Its China Operations, Warns Of Revenue Hit Due To Coronavirus

While issuing a warning that revenues would be significantly impacted by the outbreak of the coronavirus in China, Apple Inc major supplier and vendor Taiwan's Foxconn said on Thursday that it has planned to "cautiously" reopen and restart production at its main factories in China. This...

Moller-Maersk receives $ 84 million net loss in 2019

Net loss of the Danish sea container carrier A.P. Moller-Maersk A/S amounted to $ 84 million in 2019, against a net profit of $ 2.98 billion a year ago, follows from the financial statements of the company. Revenue over the reporting period decreased by 1%, to $38.89 billion. EBITDA increased by...

OPEC+ cancels unscheduled summit due to coronavirus

OPEC has sent invitations to cartel members and their allies on the OPEC + deal for a meeting scheduled for early March in December, Bloomberg reports citing sources. The agency concludes that the cartel rejected Riyadh’s idea to hold an emergency summit in February due to the situation with...

US Overlooked HSBC’s Misconduct In Exchange Of It Helping In Probe Against It, Allege Huawei

Lawyers standing in court for the Chinese telecoms giant Huawei Technologies have Alleged that the prosecutors in the United States who probed the company had intentionally some very obviously visible violations of the US sanctions on Iran by HSBC Holdings, after the united Kingdom based bank...