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Hong Kong Is Expected To Approve Its First Spot Bitcoin ETFs In April – Reports 04/14/2024

US Consumer Confidence Declines As Predictions For Inflation Rise 04/14/2024

Samsung regains leadership in global smartphone market in Q1 04/15/2024

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Business & Finance

Volkswagen Has To Reimburse Full Price Of Car To Owner: German Court

The German car maker and the largest manufacturer of cars in the world Volkswagen has been dealt another blow by a German Court. The car maker which is already reeling under the pressure of a number of emissions scandal related court cases, was ordered to refund each and every owner of the Golf the...

$182.5 Million Settlement Fee to be paid by JP Morgan & Citigroup

A group of investment companies had brought in cases against Citigroup and JP Morgan well as a number of other banks, and the two leading banks have been reported to be attempting to settle the for a combined total of $182.5 million. The charges brought against the banks included violation...

Virgin Atlantic Could Be The Possible Suitor For Loss Making Flybe: Reports

Reports have indicated that the cash-strapped airlines Flybe could be bought out by Virgin Atlantic. The British regional airline which is going through a turbulent financial period was put up for sale last week. It is anticipated that during the winter months, the embattled airline Flybe...

US Allies Asked Not To Use Huawei Equipment: WSJ Report

According to a report published in the Wall Street Journal, wireless and internet providers in the allied countries of the United States have been requested by of not to use any of the telecommunications equipment from China’s Huawei Technologies even as the US government itself is keeping the...

Investors Fear Increased Spending By Retailers Will Dent Earnings This Holiday Season

While a strong and well performing US economy would otherwise have been a cause to rejoicing for investors, it is not so this holiday season. It is being feared hat investors would have very little left as profits to be distributed because of the intense competition between retailers which demand...

iPic sues Goldman Sachs

International Petroleum Investment Company appealed to the New York court with a lawsuit against Goldman Sachs, accusing the American investment bank of corruption and bribing former fund managers. IPIC claims that "Goldman Sachs colluded with a number of other companies to bribe former top...

Ikea’s Parent Company To Create 11500 Jobs But Cut 7500 Globally

While on one hand there can be creation of 11,500 new jobs globally in the next two years, there can also be loss of about 7500 jobs worldwide at the Swedish furniture retailer IKEA. This announcement was made by the Ingka Group, the parent company of Ikea. The addition of jobs would be because of...

Carlos Ghosn To Remain Head Of Renault Despite Pressure On The Car Maker

Despite pressure from the French government and an anticipation by Nissan of removing Carlos Ghosn as the Chairman and CEO, French auto maker Renault has decided not to remove him from, the post even though Nissan is set to do so. Ghosn was also the chairman of Japanese car maker Nissan and was...

Mitsubishi CEO Says Car Alliance Without Ghosn Tough To Manage, Lebanon Stands By Him

With reference to the most likely ouster of the Chairman of Nissan Carlos Ghosn – who is also the architect of the three company strategic alliance between Nissan, Renault and Mitsubishi, the Chief Executive of Mitsubishi Motors, Osamu Masuko, said that it would be difficult to manage the alliance...

Societe Generale gets fined for $ 1.34 bln in the US

The French bank was accused of violating US sanctions against Iran, the DPRK, Cuba, Libya, Myanmar and Sudan. A press release from the US Department of Justice notes that Societe Generale will pay separate fines to the US Treasury Department for Foreign Asset Control, the Fed, the New York State...