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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

Steelmakers of Germany are suspected of collusion

German steel makers are suspected of cartel collusion. In particular, the Federal Office for Antimonopoly Policy of Germany is conducting inspections at the offices of the second largest metallurgical company of Germany, Salzgitter. In addition, the authorities launched an investigation in relation...

Victoria's Secret needs a miracle

Victoria's Secret brand is no longer the same as it was before, and burnout was noticeable even before customers began to visit its stores less often. Now, when the problems are obvious, it is difficult to imagine how the retailer and its parent company will solve them. Not so long ago, Victoria's...

Toshiba’s Business Risks Increase As It Misses Target Date For Chip Unit Sale

Doubts about whether it Toshiba can plug a balance sheet hole in time to avoid a delisting and keep the unit competitive were raised after the Japanese conglomerate failed to seal a deal to sell its prized chip business by an internal deadline of Thursday. It was continuing to talk with...

The largest banks are getting ready to introduce a new crypto currency

Some of the world's largest banks - Barclays, Credit Suisse, Canadian Imperial Bank of Commerce, HSBC, MUFG and State Street - have stepped up efforts to launch a new crypto currency. The technology of the distributed registry will be used to conduct instant settlements and clearing of transactions...

Augmented Reality Technology To See A Google, Apple Face Off

Setting up its latest showdown with Apple Inc’s iPhone over next-generation smartphone features, Alphabet Inc’s Google on Wednesday unveiled tools to make augmented reality apps for mobile devices using the Android operating system. A huge boost from the popularity of the Pokémon Go game...

Following The ‘Biggest Industrial Software Acquisition’ Siemens’ Move To Strengthen Its ‘Automobile Business’

Siemens to buy Tass International for an “undisclosed” amount. Tass Internation is a specialist of “self-driving software”, which would be bought over by Siemens, as the “German industrial group” has shown its consent, although the agreed amount has not been disclosed yet. However the aim of this...

Saudi Aramco sparks a wave of IPOs in the Middle East

Saudi Arabia's plan for the initial placement of shares of the oil corporation Saudi Aramco forced other countries of the Middle East to pay attention to the stock markets. Three years of low energy prices forced the countries dependent on the sale of oil to pay attention to public markets as a way...

Credit Suisse Bets Its Hope On Christmas Sale & Slashes Dixons Carphone Estimates

The Suisse broker looks to benefit from the gaining momentum of the E.U. tech market. The analysts at Credit Suisse brought down their stock target price to “280p” from “400p”, as they reiterated the outperformance rating on Dixons Carphones. They stuck to their “recommendation” due to the usual...

SoftBank's 300-year plan breaks rules of the venture market

Japanese telecom giant SoftBank once again shocked markets by investing $ 4.4 billion in WeWork, an American start-up company for renting offices. As a result of such a large-scale investment, the startup’s capitalization has grown to $ 21 billion. This is not a first shocking amount that...

Crypto currencies gave a lift to the graphics processing unit market

For the first time in 20 years, deliveries of video cards in the second quarter were one third higher than in the first, according to a research firm Jon Peddie Research. In general, sales of graphics adapters are always lower in the first quarter, and distributors and retailers are selling...