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S&P downgrades Israel's ratings to 'A+' from 'AA-' due to rising geopolitical risks 04/22/2024

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

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Apple Stores to Open In India

Apple is giving a go-ahead for the opening of retail outlets in India, reported Bloomberg, citing people familiar with the situation. Tim Cook’s plans in relation to India, the country with a population of over 1.2 billion people, was pronounced already past year. According to Indian law, a company...

Restructure In BT Group Brings In A Revenue Rise In Its Last Quarter

Most of the year of 2015 has offered a flat revenue collection by BT Group, although following the restructuring the company witnessed a boost in its last quarter’s revenue figures. Even though the “year-to-date revenues” of BT Group remained flat, data show that company’s third quarter’s revenues...

Multinationals would be Forced to Disclose Tax Agreements Under New EU Proposals.

According to legislation being drafted by the EU executive, US multinationals such as Google, Facebook and Amazon will be forced to publicly disclose their earnings and tax bills in Europe, reports The Guardian. Aimed at making the world’s largest multinational corporations open their...

Fund Head at Volkswagen says Company to Offer Generous Compensation for US Customers

In a move that is aimed to pacify the US customers, Volkswagen announced offering generous compensation packages to the roughly 600,000 U.S. owners of diesel vehicles who were affected by the emission scandal. The head of Volkswagen’s claims fund informed the German media about this issue....

With the Aim to Trim Costs, BlackBerry Cuts 200 Jobs in Ontario and Florida

With the aim of reducing operation costs, BlackBerry Ltd is cutting 200 jobs at its hometown headquarters in Ontario and in Florida, the company said in a statement. The company is now putting more emphasis on its enterprise software business and the smartphone maker is trying to turn around its...

EU Should Appeal to the WTO with the Steel Dumping Issue says China

Responding to reports that the European Commission (EC) was preparing to impose duties on imported Chinese steel, China's Ministry of Commerce said that claims it was dumping steel in Europe should be put to the World Trade Organization (WTO). According to a statement released on the...

Why Large Banks Are Not Getting Smaller?

More recently, heads of big banks would have been ashamed by their institutions’ statistics, which they offer to investors. For example, in late January, Deutsche Bank reported a loss of 6.8 billion euros ($ 7.4 billion) for 2015. In the III quarter of last year, an average return on equity in the...

Lack of Clarity over Allocation for Emission Scandal Forces VW to Postpone 2015 Results

As the company struggles and continues to grapple with the effects of the emissions test rigging scandal that hit it late last year, German carmaker Volkswagen said it would push back publication of 2015 results and its annual shareholders' meeting. Volkswagen (VW) still lacks a technical...

Agreement on Most Issues on Takeover of Sharp by Foxconn says the Company

After the two firms reached a consensus on most points, Taiwan's Foxconn is aiming to finalize a deal to acquire Japan's Sharp Corp by the end of the month, Foxconn Chief Executive Officer Terry Gou said. After meeting with executives of the struggling electronics maker Gou said that most...

Mercedes' Parent Daimler Outlook Confuses Investors Resulting in Fall in Shares

After Daimler expressed caution about 2016’s prospects, some analysts reckoned the company’s message was misunderstood, there was fall in the shares of the company on the Frankfurt stock exchange. Clocking slightly above expert expectations, Daimler had earlier reported earnings...