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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

Talks Between Sainsbury And Walmart Ongoing For Purchase Of Asda By The U.K. Grocer

A deal that would create the largest supermarket operator in Britain is being mulled by U.K. grocer J Sainsbury Plc. According to reports citing source information from the company, Sainsbury is contemplating acquiring its rival Asda from the current owners of the supermarket chain – WalmartInc. Of...

Amazon reports a surge in profit

Internet company Amazon announced more than twofold increase in profits in the first quarter. Such indicators have surprised many analysts, who expected a reduction in profits due to the company's significant expenses on new projects. However, Amazon's cloud business and Internet advertising more...

Comcast Renews Bids For Sky At ‘$31 Billion’ In A Lock Horn Battle With Fox

Comcast hasn’t given up on its attempt of taking over Sky, in spite an “already agreed” bid between Sky and Fox. Comcast Corp is a cable company of the United States which made an offer of “22 billion pound ($31 billion)” for “pay-TV group Sky”, on Wednesday, 25 April 2018. This bid of Comcast over...

Statoil publishes positive reporting: Oil companies are recovering from stress

This morning, the Norwegian oil company Statoil reported on the results of its activities in the first quarter. The quarterly profit has been a record since 2014 due to the recovery in oil prices and the growth in the production of petroleum products. Experts do not exclude that the results of...

Noted Analyst Says iPhone X Could Be Discontinued By Apple This Year

An analyst estimates that Apple is likely to discontinue manufacturing of its iPhone X from this year id the earnings of one of the top suppliers of the company is any indication. The revenue target for the full year was revised to its lower end of the target set by Taiwan Semiconductor...

Goodbye, Yahoo: Smugmug buys Flickr

One of the oldest online photo stocks, Flickr, bought by Yahoo in 2005, is sold to a competitor – Smugmug, the oldest professional service for sharing photos. The new owner’s business model is very close to that of Flickr. The information appeared on Twitter of Smugmug’s founder and CEO Don...

Consumer Health Unit Of German Company Merck To Be Bought By P&G For $4.2 Billion

Procter & Gamble Co (P&G) would be able to provide greater exposure to its vitamin brands such as Seven Seas in regions of Latin America and Asia by the deal where it has announced the takeover of Merck KGaA’s consumer health unit for 3.4 billion euros ($4.2 billion). The portfolio...

Moody's finds what banks will profit the most from blockchain

The blockchain technology will significantly reduce costs and risks for banks, but at the same time will limit their commission income, analysts of the international rating agency Moody's state in a latest review. According to a number of experts, the blockchain technology can significantly...

Ford Reports Drop In Sale In China For March

Despite the announcement of the U.S. car maker Ford Motor Co that it would launch two new car models in China – the largest auto market, at the end of the year, the company has again now done well in the market primarily because of a shortage of fresh products. Fords has bene struggling to...

Blockchain will turn the energy market upside down. But how?

Energy companies are wary of solar panels and batteries, and blockchain should terrify them. The blockchain technology will not only allow a lot of people to install solar panels on their roofs (which will lead to a reduction in electricity consumption and will hit the profits of its suppliers). It...