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Trump says Zelensky could end Ukraine conflict immediately 08/18/2025

LME to transfer part of trading to electronic system 08/18/2025

Novo Nordisk cuts Ozempic price in the US to $499 per month 08/19/2025

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India's Reliance intends to resume purchases of Venezuelan oil

This was made possible following the lifting of US sanctions. Reliance Industries (RIL) of India has chartered three tankers to transport oil from Venezuela, according to shipping statistics cited by The Indian Express. The maximum amount of oil that each tanker can transport is 270,000 tons. One...

Emirates Asks Rolls-Royce To "Return To Basics" And Prioritise Its Products

The leader of Emirates in Dubai has asked Rolls-Royce to concentrate on improving the performance of its engines and go "back to basics," just one day after the British company revealed intentions to increase profits by four times. The engine manufacturer's stock increased after CEO Tufan...

In Europe, Second-hand Shopping Generates Over $1 Billion In Revenue For Amazon

According to Amazon's UK CEO, the demand from consumers for reconditioned and pre-owned products in Britain and around Europe has grown to be a billion pound ($1.3 billion) industry. Many manufacturers and merchants anticipate that tendency to continue as consumers seek to make more...

Online sales in the U.S. hit record $12.4B on Cyber Monday

According to a report by Adobe Analytics, the total amount of money that Americans spent online on Cyber Monday, which fell on November 27 this year, was a record $12.4 billion. It was a 9.6% increase over the same period last year. The Financial Times notes that this demonstrates how American...

EU Antitrust Authorities Warn That Amazon's Acquisition Of iRobot Could Limit Competition

EU antitrust authorities warned on Monday that Amazon's $1.4 billion purchase of iRobot, a company that makes robot vacuums, might push out competitors' robot cleaners from its online store. In August of last year, Amazon made the announcement in the midst of global regulatory scrutiny over Big...

Data Research Reveals That Lilly's Mounjaro Causes More And Faster Weight Loss Than Novo's Obesity Medication

A review of health records and other data revealed that persons who were overweight or obese lost more weight and pounds faster using Eli Lilly's Mounjaro than those taking Novo Nordisk's well-known competing weight loss medication. The study, which was published on medRxiv ahead of peer...

Unicredit leaves the list of world’s systemically important banks

According to Reuters, Italian bank Unicredit has been taken off the global list of systemically important banks. The Financial Stability Board removed Italian UniCredit from its list of internationally recognized systemically important banks, according to Reuters. It also included China's Bank of...

$956 Million Leaves Binance As Zhao Resigns To Resolve A US Investigation

Market data indicated that investors withdrew over $956 million from cryptocurrency exchange Binance in the last 24 hours following the resignation of its CEO, Changpeng Zhao, and his potential imprisonment following his guilty plea on Tuesday to resolve an extensive U.S. investigation into illicit...

Sales Of Hybrid Cars Are Rising In China, Which Presents A New Risk For International Automakers

Chinese businesses with strong hybrid lineups are emerging as winners in the fierce pricing war that EV manufacturers in China are waging to keep up with the decreasing demand. These brands are luring customers with long-range vehicles that can be had for less money than gasoline-powered...

Zoom triples net profit in Q3 2023

Zoom Video Communications Inc., a US-based provider of remote conferencing services, increased its full-year forecast and nearly tripled its net income in the third quarter of fiscal 2024. In August through October, net income was $141.212 million, or 45 cents per share, as opposed to $48.353...