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Saudi Arabia promotes accelerated increase in OPEC+ oil production 09/08/2025

Trump promises to defend interests of American IT companies in the EU 09/08/2025

Policy Uncertainty and Industry Layoffs Drive U.S. Jobless Rate to Near Four-Year Peak 09/08/2025

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Business & Finance

VW Has ‘Not Done Enough’ To Improve On Emission Scandal

EU authorities pressurises VW to guarantee its cars performance post the Dieselgate scandal besides improving “consumer information”. Volkswagen received criticism from the “consumer authorities” of Europe, as the former failed to guarantee that the following steps to mend the “Dieselgate scandal”...

Booking Holdings Invests ‘$500 million’ In Didi

In an “aggressive” overseas expansion plans Didi and Booking Holdings enter into in an agreement enabling the users of the either services to avail the other’s services. The “Booking Holdings Inc”, a travel firm of the U.S. has invested “$500 million” on Didi Chuxing, the ridesharing app of China....

Autonomous Flying Aimed By Boeing, Creates New Internal Division

US based Aircraft making giant Boeing is now all set to get into the fast growing market of autonomous flight. The company has recently announced the creation of a separate internal division in the company that would look into the prospects of this market segment. The division has been...

IEA: Electricity is the future of the economy

Investments in power generation are on the increase, while investments in renewable energy sources in 2017 have decreased, and this alarming trend may continue, the International Energy Agency notes. Electricity generation have been attracting more investment than oil and gas production for the...

Net profit of Telenor increased 1.9 times in the first half of 2018

The net profit of the Norwegian telecom giant Telenor in the first half of 2018 increased 1.9 times year-on-year, reaching NOK 7.642 billion ($ 943 million), the company said in a statement. The diluted earnings per share of the holding increased to 5.15 kroner ($ 0.6) from 2.67 kroner ($ 0.3) for...

Impact Of Retaliatory Tariffs On Canadian Auto Makers Can Be Cushioned By Rebates

The blow from the retaliatory tariffs on U.S. steel on the powerful automotive industry of Canada is expected to be cushioned by the government’s customs provisions, believe trade lawyers and industry leaders awaiting the results of the impact. When Canadian companies are able to show that...

Saudi Arabia is offering extra oil supply to Asian buyers

Saudi Arabia is offering extra volumes of oil in addition to its contractual supplies, to some buyers in Asia. This is reported by Bloomberg referring to sources familiar with the situation. The Middle Eastern Kingdom, the de facto leader of OPEC, is planning a record oil production after easing...

Adnoc to sell base oil in the U.S. with GM’s approval

Adnoc is on track to broaden its company’s reach globally. The Abu Dhabi based oil firm, Adnoc has confirmed that General Motors, the U.S. car producer has granted the former to use one “high-performance base oil” in the market of the United States. According to the statement of the Marketing,...

‘Competition and Markets Authority’ of Britain Intervenes in Aerospace Sale of Better Capital

The proposed sale transaction between Better Capital & Chinese firm see a lapse. Better Capital PCC Ltd, a private “equity firm” in the United Kingdom reported about the sale of its “Northern Aerospace Ltd” had not been successful. The prospective buyer was a Chinese, while the “competition...

Takeda receives US permission to buy Shire

Japanese pharmaceutical giant Takeda is one step closer to the world leadership in the field of medicines. The company received unconditional permission from the US Federal Trade Commission to purchase the Irish Shire Plc. Japanese Takeda’s acquisition of the Irish company Shire for $ 62 billion...