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Stellantis, Pony AI plan to deploy robotaxi network in Europe 10/20/2025

Secondhand Luxury Hits Stratosphere While Authentication Becomes the New Gold Standard 10/19/2025

Global Film Industry Holds Its Ground as Tariff Threats Expose Limits of U.S. Protectionism 10/19/2025

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Monte dei Paschi tries to escape nationalization

Italy is ready to inject funds into Monte dei Paschi di Siena, if the problem bank fails to obtain the necessary capital from investors, said a source in the country’s treasury on Monday. In 2016, the third-largest Italian bank has been trying to attract 5 billion euros ($ 5.3 billion) despite...

Bloomberg: Apple is the greatest taxdodger in the US

Apple topped Bloomberg’s ranking of the largest US corporations that manage to optimize payment of taxes in the United States with the maximum yield. The scheme involves purchase of US government debt instead of capital repatriation and profit tax of 35%. Apple and other US corporations use a...

Glencore's unexpected investment in Rosneft proves the Swiss giant feels good

Just a year ago, Ivan Glasenberg, Head of Glencore Plc, tried to save his company from the "bears". Now, we see his triumphant return. He once again confirms his reputation with deals, which redraw the global raw materials market. Glencore and Qatar sovereign fund jointly acquired a package of...

$520 Million Fine Slapped over Euribor on Agricole, JP Morgan and HSBC by EU

For the alleged participation in a cartel to manipulate the price of the Euribor financial benchmark, the European Commission has fined Credit Agricole, HSBC and JPMorgan Chase) a total of 485 million euros ($520 million). The Euribor interest rate which was set using quotes submitted by a...

Huge Drug Price Hike in 2012 Attracts Record $107 Million fine against Pfizer by Britain

For the role that Pfizer played in ramping up the cost of an epilepsy drug by as much as 2,600 percent, the company has been slapped with a record 84.2 million pounds ($107 million) by Britain's competition watchdog. Following a dramatic price hike in 2012, a fine of 5.2 million pounds was...

Challenging Established Supermarkets, Amazon Opens Line-free Grocery Stores

A new competition with supermarket chains was sparked off as Amazon.com Inc opened a brick-and-mortar grocery store in Seattle without lines or checkout counters, the online retail giant announced on Tuesday. A bill is sent directly to the shoppers’ Amazon accounts if they do not replace...

Research Claims while 2016 Sales Reached Nearly $500bn, Global Advertising Spend to Slow in 2017

Noting the lowest growth rate that has been recorded since the 2008-09 global financial meltdown, a slowing global ad spending in 2017 is likely continue due to the economic and political uncertainty that has characterized 2016 which saw a slowdown in ad revenues. According to a report by...

1MDB case: British banks caught on money laundering

Monetary Authority of Singapore (MAS) has imposed multimillion fines on Singapore branch of Standard Chartered Bank and Coutts & Co for violating rules to combat money laundering. The charge has been in connection with suspected involvement in leakage of money from Malaysian wealth fund 1MDB....

Starbucks Shares Fall as CEO Steps Down to Focus on High-end Coffee

Handing the top job to Chief Operating Officer Kevin Johnson, a long-time technology executive, Starbucks Corp co-founder Howard Schultz will step down as chief executive to focus on new high-end coffee shops. In addition to setting the brand's "social impact agenda" that includes sending...

A Growing Trend for Toronto Pet Owners are Medicinal Pot Products: Cannabis for Canines?

Humans aren't the only ones sniffing out cannabis’ medicinal uses as legalized pot is on the horizon in Canada. In Toronto where owners are seeking out alternatives to help their ailing animals, cannabis-based products for pets are a growing trend. A CBC News report shows...