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OpenAI starts talks with Microsoft about new funding and future IPO 05/12/2025

Bayer to cut more than 200 employees in German crop protection products segment 05/13/2025

Markets Rally on US–China 90-Day Tariff Pause as Investors Brace for Protracted Talks 05/12/2025

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Business & Finance

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...

Deutsche Bank heads for further austerity

The leading German financial institution Deutsche Bank has unexpectedly completed the third quarter of 2016 with a profit. Over the past three months, the bank earned 278 million after taxes, dpa agency reported in Thursday, October 27, citing the bank’s message. This was significantly above...

Chinese Rising Stars Coming Up Fast; Apple Smartphone Shipments Chase Samsung:Reports

Apple is closing the gap on its rival Samsung, shows data from research firms International Data Corporation (IDC) and Strategy Analytics. When comparing third quarter data in 2015 and 2016, the difference in market share between the two firms narrowed by 2.4 percentage points, according...

Number of fraudulent card transactions on the Internet is growing

E-commerce is developing, and scammers are trying to catch up. US online stores lose more than 7.5% of revenue on fraudulent purchases and their prevention costs, shows a study by consulting firm Javelin Strategy & Research, specializes in the payments industry. "Growing popularity of...

The ‘Biggest-Ever Semiconductor Industry Deal’ Takes Place Between Qualcomm & NXP

Qualcomm will be buying NXP for ‘$38 billion’. Qualcomm Inc. has shown consent for buying “NXP Semiconductors NV”, whereby the deal will be the “biggest-ever semiconductor industry deal” of “$38 billion”. As a result, it will expand the reach of Qualcomm’s chips ranging from “phones to cars”....