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US may offer Iran access to $30 billion in civilian nuclear investment 06/27/2025

NATO countries committed to increasing defense spending to 5% of GDP by 2035 06/26/2025

Fast food chain Raising Cane's surpasses KFC in US sales in 2024 07/01/2025

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Business & Finance

Bitcoin falls to two-week low

On reports that Russia has recognized the Luhansk and Donetsk Peoples Republics, Bitcoin plummeted to a two-week low of $36,350. Bitcoin has long been seen as a safe haven asset capable of maintaining a consistent price in the face of market volatility. Because of escalating tensions between Russia...

Mercedes-Benz Plans To Build EV-Exclusive Manufacturing Lines In A Few Years

Mercedes-Benz plans to have facilities that would exclusively manufacture electric vehicles (EVs) by the second part of the decade, the company said. However, the luxury carmaker will avoid establishing EV-only operations and rather...

Markets More Concerned Over More Slide With Escalation Of Russia-Ukraine Crisis

When Russian, Ukrainian, and global markets reopened on Tuesday, investors were ready for a tumultuous day, as Vladimir Putin stepped it up in a situation that the West worries might devolve into a major conflict. The Russian president recognized two separatist areas in eastern Ukraine,...

Australian AGL Energy refuses to sell its business for $3.54B

According to Reuters, Australian energy provider AGL Energy has rejected a $3.54 billion bid from Canadian billionaire Mike Cannon-Brookes and the Brookfield Foundation to buy the company. Mr. Cannon-Brooks, an environmentalist and Canada's second richest man, wants to buy AGL Energy so that all of...

Lufthansa And Swiss Airlines Stops Flights To The Ukraine Capital Over Russia Tensions

Due to mounting worries of a Russian invasion of Ukraine, European airlines Lufthansa and Swiss Air Lines have ceased to operate flights to Kyiv, Ukraine's capital, beginning Monday. Lufthansa, a German airline, announced it will also suspend flights to Odessa, a vital Black Sea port. "The...

US Adds China’s Alibaba And Tencent To Its 'Notorious Markets List'

The US has added Alibaba and Tencent's websites have been added to the "Notorious Markets List" of companies of the United States over suspicion that the companies are engaged in the illegal trading of counterfeit products. on their e-commerce platforms. The...

Renault Seeks To Benefit From The Current Electric Boom In Auto Industry

Renault is considering separating its electric and combustion engine car divisions, a move that other automakers have resisted since it could stifle their capacity to use vehicle profits generated from the sale of conventional combustion engine vehicles to support their green vehicle projects....

Amazon Agreed To Accept Visa Credit Cards Globally After End Of Disagreement On Fees

Amazon.com Inc has agreed to allow Visa Inc's credit cards throughout its platform, bringing an end to a stalemate between the two companies that threatened to disrupt e-commerce payments and give a blow to the U.S.-based payments processor. The terms of the agreement were not...

Nestle’s Margins Will Not Be Impacted By Cost Inflation, Company Says

Nestle is optimistic in its capacity to protect profit margins despite rising costs this year and is contemplating more price hikes after exceeding sales and profits targets in 2021. Consumer products businesses are battling with rising commodity, energy, transportation, and labor costs,...

Walmart reports net profit for fiscal year 2021-22

The consolidated net profit of the world's largest retailer, US-based Walmart, rose 1.2% to $13.673 billion for fiscal year 2021-2022 (ended 28 January), the company said in a press release. Walmart's diluted earnings per share were $4.87, up from $4.75 a year earlier. Walmart's total revenue rose...