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Energy Shock in Global Conflict Sends Tremors Through India’s Restaurant Kitchens 03/10/2026

Reuters: Indian company Reliance purchased 6 million barrels of Russian oil 03/10/2026

US Secretary of Energy states that the United States was not involved in the strikes on Iranian energy facilities 03/09/2026

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Business & Finance

WD increases the bid for Toshiba's main business

Manufacturer of hard drives Western Digital has increased its offer for Toshiba’s semiconductor business purchase. Earlier, Western Digital offered about $ 14 billion for Toshiba Memory, which develops and sells flash memory chips. Now the bid has been increased to $ 17.8 billion. Western Digital...

Blackstone collects $ 40 billion for Trump’s infrastructure projects

The Saudi Arabian Sovereign Public Investment Fund (PIF) has agreed to invest $ 20 billion in a new Blackstone infrastructure fund, reported WSJ and Bloomberg. Blackstone intends to attract another $ 20 billion from other investors. Taking into account the debt financing, the new fund will be able...

Huntsman & Clairant In A ‘$20 Billion’ Merger To Create A Global Chemical Firm

New firm ‘HuntsmanClariant’ will provide “substantial financial strength and flexibility”. Huntsman and Clairant are in a merger agreement, whereby both the chemical companies reported about its merger plans of creating a “global firm” under the name of HuntsmanClariant with a value of “$20...

Netflix price grew by 22,000% since the IPO. But why?

Netflix held an IPO 15 years ago. Then, the company was valued at $ 300 million, and the giant’s current market value approached $ 68 billion. Netflix shares have grown almost 13,000% since the moment they entered the stock exchange, and market capitalization climbed by 22,000%. What is the secret...

Tax Concessions Offered To Apple By India To Expand Production: Reuters

To better allow the import mobile handset components intended for use in local manufacturing tax free, the Indian government has offered to allow Apple Inc certain concession, reported the news agency Reuters quoting a top government official. Increasing of the local value addition over a...

Apple's market cap approaches parity with Chinese banks

The market value of Apple is close to total capitalization of the five largest Chinese banks - China Construction Bank, Agricultural Bank of China Ltd., Industrial and Commercial Bank of China Ltd., Bank of Communications and the oldest Chinese bank, Bank of China Ltd. Each of them is listed among...

With Market Cap Up $4 Billion This Week Alone, Bitcoin Hits $1,900 To Reach Record High

Driven by global political uncertainty and key developments within the cryptocurrency world, Bitcoin broke through the $1,900 mark for the first time on Friday. According to Coindesk's bitcoin price index, the digital currency had moved as high as $1934.24 and was trading at around...

Operations In India And South Africa To Be Cut By GM

In what is being touted as General Motors Co’s latest steps in a strategy of focusing cash and engineering effort on fewer, more profitable markets, the car maker plans to quit selling vehicles in India by the end of this year and will sell operations in South Africa. In order to...

Brexit vacates office space in London

Deloitte Real Estate reports that the percentage of vacant office space in central London has risen sharply over the past year. According to experts, this was facilitated, on the one hand, by the large volume of construction of new office buildings in the last year and a half, and on the other hand...

Even With A Cash Pile Of Over $250 Billion, Apple Is Issuing A Euro-Denominated Bond

As Apple Inc looks to tap the strong debt markets in Europe, even as it maintains a cash pile of over $250 billion, it issued a dual-tranche euro-denominated bond on Wednesday. Reuters publication International Financing Review (IFR) said that order books for the bonds have surpassed 5...