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S&P upgrades Turkey's ratings to 'B+' from 'B' 05/07/2024

L'Occitane will buy back its shares for $1.8 bln and leave stock exchange 05/02/2024

US Fed Maintains Rates Steady, Citing 'Lack Of Additional Progress' On Inflation 05/02/2024

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Walmart to raise employees' wages to $15 an hour due to COVID-19 pandemic

One of the world's largest retailers, US chain Walmart, has announced its intention to raise salaries for its US employees after a successful financial year. One of the world's largest retailers, US chain Walmart, has announced its intention to raise salaries for its US employees after a successful...

Tech Giants Targeted By New Anti-Monopoly Rules In China

The grip of the tech companies of China which is already stringent was strengthened further on Sunday with the country’s market regulator releasing a set of new guidelines related to anti-monopoly policies that are specifically designed to clamp down on market dominance of some of the internet...

Amazon's new head sets to develop its gaming business despite a string of failures

Amazon will continue to develop its Amazon Game Studios (AGS) game division despite a string of failed projects, said Andy Jassy, who will succeed billionaire Jeff Bezos as CEO by the fall of 2021. This was reported by Bloomberg, citing Jassy’s letter sent to employees. "Some businesses grow from...

BlackRock C.E.O Push Companies Towards Net Zero Transition

Last month, BlackRock had urged companies to “lay out their plans” of reaching “net-zero emissions by 2050”. BlackRock is the “biggest” asset management company in the world led by C.E.O Larry Fink. While Fink gave out a warning to the companies that the asset manager “invests in”, saying the...

Tech companies employees name the best country to work in

Employees of global technology companies have named the UK as the best place to work, according to a ranking by online job search site Glassdoor. The United Kingdom is recognized as the best place for IT and technical specialists by employees of companies such as Salesforce, Microsoft, Abcam,...

Cvoid-19 Vaccines From Bharat Biotech And Oxford/AstraZeneca Approved In India

In its efforts to launch the one of the biggest inoculation drives of the world, two coronavirus vaccines have been formally approved by the Indian authorities for emergency use. The vaccine candidate developed by AstraZeneca with Oxford University and one developed by local firm Bharat...

New Draft Riles By EU For Large Tech Firms Proposed Fines Of 6-10% Of Annual Turnover

The new draft rules for regulating large tech companies drawn up by the European Union will force companies such as Amazon, Apple, Facebook and Alphabet unit Google to potentially change their business practices in the bloc or face fines of between 6 and 10 per cent. The aim of the new...

UniCredit CEO’s Uncertain Future Puts Governance Talks On Hold

Mustier puts forth “strict conditions” about any “potential deal”. Informal discussion regarding governance at UniCredit have been put on hold since it is not clear of the bank’s C.E.O “will stay”. The mandate of Jean Pierre Mustier is coming up in spring for renewal while sources familiar to the...

ThyssenKrupp cuts 11,000 jobs

One of Germany's largest industrial conglomerates, ThyssenKrupp, has announced an additional 7.4 thousand job cuts to optimize business amid the COVID-19 pandemic. In general, within the framework of the optimization program launched last year, the total number of jobs that will be cut will reach...

Dorsey retains his position as Twitter CEO

Committee on governance structure, opposed to Jack Dorsey, expressed confidence in him, noting the improvement in Twitter performance in the last reporting quarter. Elliott Management of Paul Singer has earned about $ 200 million from the growth of the company's shares since February. Twitter CEO...