Preliminary data from the international diamond giant De Beers revealed that the company’s fourth business cycle for the year (May 1-May 16) decreased in sales by 11.4 percent to $480 million from the previous cycle. The third business cycle of the year took place from March 27 to April 11. There...

Saudi Arabia may introduce more Saudi Aramco shares on the exchange in Riyadh, reports Bloomberg. According to Bloomberg, who cited reliable sources, Saudi Arabia is considering placing additional shares of its state-owned oil major Saudi Aramco on the Riyadh Stock Exchange. The monarchy is...

China is emerging from economic lockdowns, and U.S. firms such as Procter & Gamble, Starbucks, and MGM Resorts International claim the country's recovery is boosting their total sales while consumers in their home countries keep a close eye on their wallets.   China, with its vast...

The Wall Street Journal said that Netflix will reduce spending by $300 million in 2023, citing sources. Netflix will reduce spending by $300 million in 2023, according to The Wall Street Journal, which cited sources. This month, managers from the corporation advised employees to be "judicious"...

Cryptocurrency exchange Bittrex Inc. filed for bankruptcy. The decision was made three weeks after U.S. authorities charged the website with operating as an exchange, brokerage, and clearing agency without a license. According to Bittrex, which was serving consumers outside of the U.S. until the...

Ferrari, an Italian corporation with shares traded on the Milan Stock Exchange, has outperformed Fiat's market value and into the top three most costly companies. According to Bloomberg, Ferrari NV's market value hit €49.2 billion ($53.9 billion), surpassing the value of Stellantis NV  (valued...

Virgin Galactic’s papers grew by more than 24% on the New York Stock Exchange on Monday following the company's announcement of its first commercial flight. The New York Stock Exchange opened trading on Monday with Virgin Galactic shares up 24.4% to $4.49 after the firm announced the launch of its...

Apple made a record amount of money in India in the first quarter of the year, according to CEO Tim Cook, who emphasised the potential of what might become a crucial market for the tech giant in terms of iPhone sales and production.   During Apple's earnings call on Thursday, Cook stated...

According to Bloomberg, Alibaba's international online trading branch, which also includes AliExpress, is considering an IPO in the US. The international online commerce division of Alibaba Group, which comprises AliExpress and Lazada, is thinking about going public in the United States, reports...