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Fast food chain Raising Cane's surpasses KFC in US sales in 2024 07/01/2025

German watchdog asks Apple, Google to look into blocking DeepSeek 06/30/2025

Expedited Chinese Rare Earth Shipments Could Tremendously Help U.S. Industry and Security 06/27/2025

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Business & Finance

Car sales in Europe hit record low in June

After a slight increase in May, car sales in Europe showed a fall of 7.8%. This is a record decline since December last year. According to the European Automobile Manufacturers Association (ACEA), 1,446,183 vehicles were sold in the EU in June. The association explained this fall mainly by the fact...

Facebook To Wait For Regulatory Approval Before Rolling Out Libra

Facebook would be waiting till it gets clearances and approval from regulatory authorities before it would launch and roll out its planned and announced digital currency Libra according to a statement issued by David Marcus, the company’s head of Calibra, the subsidiary of the social media company...

Burberry Sale Increase After Rollout Of New Designer's Ranges

An uptick in its first quarter sale was reported by the British luxury brand Burberry following an turnaround strategy of the brand which entailed moving to the stores some of the new designs that were made by its creative chief Riccardo Tisci. It has been more than a year since the...

Xiaomi invests in Chinese chip maker VeriSilicon

Xiaomi acquired approximately 6% of VeriSilicon Holdings chip maker, supporting reorganization of its strategy, in which it sees semiconductors as a center of innovation. VeriSilicon Holdings is headquartered in Shanghai, and research and development centers are both located domestically and in the...

American Firms Could Start Selling To Huawei Again In Two Weeks: Reuters

American companies may be allowed to start selling their products and technologies to Chinese tech firm Huawei as soon as in two week, reported news agency Reuters quoting information from a senior United States government official. This is also an indication that the reduction of restrictions on...

Johnson & Johnson paper collapse amid investigation of asbestos content in J&J products

Quotes of the company fell by 4% after appearance of information about a criminal investigation in the United States. The US Department of Justice is conducting a criminal investigation into Johnson & Johnson Corporation’s possible concealment of risks of cancer when using talcum powder,...

Thomas Cook’s largest shareholder is ready to help in exchange for controlling interest

The world's oldest travel company, Thomas Cook, announced that negotiations with its largest shareholder, the Fosun Tourism Group, and creditor banks about a new large package of investments in the framework of recapitalization. As expected, the investor’s injection of £ 750 million into the...

Made-In-India Top End Iphones To Hit Market Next Month: Reports

The top end iPhones of Apple, which have been assembled locally in India – the second largest smartphone market of the world, by the Indian unit of Foxconn, is slated to hit the Indian market next month, according to multiple reports in India. According to analysts and experts, this...

China Contemplating Providing More Support For Hybrid Vehicles For The First Time

China wants to make it easier for automakers to meet environment quotas and offer more choice for consumers by re-classification of petrol-electric hybrid vehicles in order to give them more favorable treatment in comparison to all-petrol or all-diesel vehicles as per the regulations for green...

Fed's Powell doubts Facebook's Libra, Bitcoin drops sharply

The world's most famous cryptocurrency, which experienced yet another parabolic growth in 2019, collapsed by 12% to $ 11,300 on Thursday. Bitcoin exceeded the 17-month high above $ 13,000 before the fall, whereas from the beginning of the year it grew by about 200%. The impulse has been increasing...