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Power And Risk Are Created By China's EV Survival Game 04/24/2024

The US Government Is Attempting To Outlaw TikTok- Here’s Why 04/22/2024

EC launches investigation into China's medical device procurement market 04/25/2024

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Business & Finance

Adidas Group to revive Reebok

One of the world's largest sportswear manufacturers, Adidas Group, will reflect costs of 30 million euros ($ 33.4 million) in the report for the second half of the year. The spending is associated with restructuring of troubled brand Reebok, said the German company in a statement. This measure will...

Gannet’s Pursuit Of Acquiring Tronc Ends At Last

After six months’ of wait, Gannet retracts its offer. The U.S.A Today’s publisher, Gannett Co Inc. announced on Tuesday, the 1st of November 2016 that it will cease to follow up the plan of acquiring Tronc Inc., the latter being the publisher of “Los Angeles Times” as well as “Chicago Tribune”....

Pfizer Lowers Its Top Profit Margin Following The Third Quarter’s Earnings

The “average analyst” forecast of Pfizer’s earnings were missed by one percent per share. The largest manufacturer of drugs in the U.S., Pfizer Inc., issued its “quarterly adjusted profit” which just fell a little short on standing up to the estimates of the analysts, while four cents were shaved...

Technical Analysts say Gold to Hit $1,500 Mark Pushed by US Elections

The current global environment will disrupt the usual inverse relationship between the U.S. dollar and the precious metal – gold, as the metal continues to be on course to head as high as $1,500 per ounce, according to a technical analyst. An anomaly to normal market...

Japan's major shipping companies to merge into "Union of Weak"

Japan's biggest shippers have agreed to merge their container units to create the world's sixth-largest cargo carrier as the industry is reducing around the world, reports Bloomberg. Nippon Yusen KK, Mitsui O.S.K. Lines Ltd. and Kawasaki Kisen Kaisha Ltd., which forecast losses for the year, will...

Whatsapp, Yahoo Warned on Privacy by EU Data Protection Watchdogs

Yahoo was cautioned over a 2014 data breach and scanning of customer emails for U.S. intelligence purposes and WhatsApp was also warned over sharing user information with parent company Facebook by European privacy watchdogs. The attention of regulatory scrutiny in Europe has been drawn...

Deal Combine Oil-and-Gas Business Between GE and Baker Hughes Near Completion: Sources

On the way to creating an energy powerhouse that would give GE a cost-effective way to play any recovery in the industry, General Electric Co. is nearing a roughly $30 billion deal to combine its oil-and-gas business with Baker Highes Inc. Sources reportedly told media that the...

Amazon, Short-Term Investors at Odds Again as they Debate Spending Vs. Profits

Amazon.com Inc was a "sell" for a lot of investors on Friday even though it may be a "buy" for the vast majority of analysts. And few of those investors would have been disappointed, though. Amazon's stock had risen 36 percent in the past six months alone even as it fell 4.5 percent to...

Report says in 2017, Seventy-five Percent of Internet Use will be Mobile

As s a growing number of consumers around the world access the web on smartphones and tablets, seventy-five percent of internet use will be mobile in 2017, up slightly from this year. This forecast was made by media buying agency Zenith this week. In 2016, 71 percent of internet...

There’s More Cause for Comfort than Concern Even as US Banks Might Outperform their European Peers

The uncertainty surrounding the U.K.’s exit from the European Union has been another blow to the global banking space which has been weathering a number of storms since the start of the global financial crisis in 2008. And in addition to these, pressure is heaped on a bank's profitability by...