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According To S&P, China's Fiscal Stimulus Is Becoming Less Effective 04/19/2024

Florida Woman Who Alleged Baby Powder From J&J Triggered Her Cancer Loses Lawsuit 04/19/2024

S&P downgrades Israel's ratings to 'A+' from 'AA-' due to rising geopolitical risks 04/22/2024

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Business & Finance

Switch Inc. raises $ 531 mln in the third-largest IPO in 2017

Switch Inc. attracted $ 531 million during the initial public offering. The deal has become the third largest IPO in the technology sector in 2017 in the US, writes Bloomberg. Switch, which provides cloud and telecommunications services, sold 31.25 million shares at a price of $ 17 per share, which...

Australian mining giant Glencore and its partners looking to rejig their $3 billion debt

While exploring the refinancing of its debt, Glencore is also looking for ways to get out of this expensive project. p { margin-bottom: 0.25cm; direction: ltr; color: rgb(0, 0, 10); line-height: 120%; text-align: left; }p.western { font-family: "Calibri",serif; font-size: 11pt; }p.cjk {...

Failure To Recover Taxes From Apple Results In EU Is Taking Ireland

In a that is being labeled as “regrettable” by Dublin, Ireland is being taken to the European Court of Justice for its failure to recover up to 13 billion euros ($15.3 billion) of tax due from Apple Inc by the European Commission. Citing one of a number of deals the EU has targeted between...

Germany to create a consortium for the lithium-ion batteries production

Germany supported the idea of creating a European consortium for the production of lithium-ion batteries. Representatives of German industrial and automotive concerns, including BASF and BMW, are invited to a meeting with the European Commission Vice-President for Energy. It will be held on October...

$295 Million In Luxembourg Back Taxes Ordered To Be Repaid By Amazon By EU

In what is the latest U.S. tech company to be caught up in a European Union crackdown on unfair tax deals, Amazon was told to pay about 250 million euros ($295 million) in back taxes to Luxembourg. The fine is only a fraction of the 13 billion euros that Apple Inc was ordered to pay to...

Toshiba to buy additional shares of Westinghouse for $ 522 million

Toshiba announced acquisition of an additional number of shares of bankrupt company Westinghouse Electric, because of which the Japanese conglomerate suffered huge losses. The National Atomic Company of Kazakhstan Kazatomprom will sell a 10% stake in Westinghouse Electric for 59 billion yen ($ 522...

Automakers In China Need to Meet Green-Car Sales Targets by 2019 As Set By China

Slightly relaxing an earlier plan to launch the rules from next year that had left global automakers worried about being able to comply, China has set a deadline of 2019 to impose tough new sales targets for electric plug-in and hybrids vehicles. China’s industry ministry said in a...

Traders Defy Crackdown And China's Bitcoin Market Alive And Well

Traders of cryptocurrencies in China say that the market is far from dead, even as a chill was cast over the cryptocurrency industry just weeks ago when Beijing banned fundraising through token launches and ordered some bitcoin exchanges to shut. Traders have now moved to buy and sell...

15 most expensive motor brands in the world

To calculate the brand value, the agency analyzes financial forecast of companies, as well as indicators such as "brand role", "brand power". As a result, analysts receive a value that can be compared with the value of other brands. Below are the top 15 most expensive car brands. In general, their...

South Korea bans all new ICOs

It became known that, following the experience of China, South Korea also tightened its attitude towards ICO and crypto-currencies. The regulator said on Friday that from now on, raising funds through the initial placement of tokens will be banned. The Commission for the Supervision of the...