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Global Plastics Supply Chain Disrupted as China Imposes Steep Anti‑Dumping Duties 05/18/2025

Moody’s Strips U.S. of Final Triple‑A amid Deepening Deficits and Political Gridlock 05/17/2025

Markets Rally on US–China 90-Day Tariff Pause as Investors Brace for Protracted Talks 05/12/2025

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Business & Finance

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...

AI Powered Artificial News Anchor Debuts In China

The first so called artificial intelligence (AI) television anchor has made its debut on China’s state-run Xinhua News. However, many viewers have called this robot as “a news-reading device without a soul.” But analysts also gave credit to the short-term progress in voice recognition,...

Nvidia earns $ 3.2 billion in Q3

Graphics maker Nvidia will complete the third quarter of the 2019 fiscal year with a 21 percent increase in sales. Profits increased as well - by 38%. The company reported a slight drop in gross margin in the third quarter. Those buyers who were supplanted by miners during the crypto rush, are not...

A Shortage Of Sea Ice Halts US Firm’s Attempts To Drill Oil Form Arctic Region

An ironic hurdle has abruptly stopped a efforts by the US to set up a first oil drilling operation in US waters. The project has been stalled by a dearth of sea ice resulting from a rapid warming of the environment in the region. The Liberty project below the Beaufort Sea, off...

EE of BT Group To Introduce 5G Network In Britain By Next Year

Competition to be the first to capture the Britain’s 5G service market seems to get tougher as EE comes up with faster and bigger network site promises in the wake of Vodafone’s 5G network launch Britain. EE is an operator for mobile network which is a part of BT Group, “top telecoms” company of...

Apple Forced Into Discomfort Zone By Poor iPhone Sale

Even as the season of festive sale is upon us, a number of questions about one of the favourites of buyers for this time – Apple Inc, are rising. There are questions over whether buyers are falling out of love with expensive iPhones or has Apple been forced into a new course of action because of a...

Record Single’s Day Sale Revenue Of $31 Billion Notched By Alibaba

China’s leading online retailer Alibaba Group Holding Ltd set a record for its one day sale revenues on its annual Singles’ Day discounted sale by selling goods worth 213.5 billion yuan ($30.7 billion). The largest e-retailer of the company was that its early sale on Single’s Day saw Xiaomi Corp.,...