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US Fed’s Powell’s Balancing Act: How He Curbed Inflation and Shielded Jobs 08/19/2025

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

JPMorgan Chase may move its European headquarters 08/19/2025

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Business & Finance

Ownership Works: The Development of Corporate Value Sharing

Launched in 2022, Ownership Works is a non-profit organization committed helping employees and their families create wealth through employment ownership programs, advance equality at the workplace and encourage increased employee engagement. Its mission to create prosperity through value sharing is...

Musk sets for new AI company

Former employees of Google, Microsoft, and other technology organizations will work for the startup. Elon Musk has revealed plans to launch an artificial intelligence-focused business. He announced the development of xAI to “understand reality” on Twitter on Wednesday. The company's website,...

Smaller Cities Of India Are Becoming Home To International Accounting Firms

Major accounting firms are increasing their investments in new locations outside of major cities in India as demand for more affordable back office operations increases and smaller communities advance along the economic value chain. Large multinational firms have been rushing to India's...

FT: DHL to invest $551M to expand its business in Latin America

The growing need for services in the area and the ambition to expand into markets other than China, according to the newspaper, were the causes. Due to the region's growing need for its services and its goal to expand into markets other than China, DHL is investing $551 million there to boost its...

Financial Times: French Kering acquires perfume company for €3.5B

According to reports cited by the Financial Times, French business Kering SA, which owns labels including Gucci, Balenciaga, and Yves Saint Laurent, purchased perfume maker Creed for €3.5 billion, beginning to corner the market for high-end cosmetics. "French luxury group Kering has given €3.5...

Airbus receives orders for 1,044 aircraft in the first half 2023

Airbus recorded 1,044 new orders in the first half of the year thanks to record orders for 750 aircraft from Indian airlines in June. 316 aircraft were delivered during the same time period under earlier contracts, according to Reuters. Airbus intends to give clients 720 aircraft at the end of the...

Samsung loses 96% in Q2 operating profit

The company’s operating profit was about $461 million. Preliminary data indicates that Samsung Electronics Corporation's total operating profit declined by over 96% between the second quarters of 2022 and 2023, as shown on the company's website. The figures show that total operating income peaked...

30 Million People Quickly Join Up For Meta's Threads, Posing An Obvious Threat To Musk-Owned Twitter

As a result of its access to billions of Instagram users and a resemblance to its rival's design, Meta's Threads amassed more than 30 million sign-ups within around 18 hours of its launch and became the first serious threat to Elon Musk-owned Twitter. Threads, dubbed the "Twitter-Killer,"...

Saudi Aramco to increase gas production by 50-60% by 2030

Saudi Arabia intends to do this by constructing additional pipelines totaling 4,000 kilometers. The state oil firm of Saudi Arabia, Saudi Aramco, intends to boost gas production by 50–60% by 2030. Amin Nasser, the company's CEO, made this statement on Wednesday, according to the Al Arabiya TV...

As The Chip Glut Remains, Samsung's Profit Will Likely Be At Its Lowest Level In Over 14 Years

Despite a supply decrease, Samsung Electronics' June-quarter earnings is anticipated to fall 96% year on year to the lowest for any quarter in more than 14 years, as a chip oversupply continues to generate big losses in the tech giant's cash cow industry. According to a Refinitiv...