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Temu and Shein's Search Ad Dominance Reshaping Retail Marketing Strategies 11/27/2024

The Redemption Dilemma: Chinese Startups Face Financial Turmoil Amid Economic Shifts 11/25/2024

Navigating COP29: A Mixed Bag of Climate Finance, Carbon Markets, and Fossil Fuel Divides 11/25/2024

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Investments In Aramco IPO Planned By Abu Dhabi, Kuwait Sovereign Funds: Reuters

According to a report published by Reuters citing sources, investment in the initial public offering (IPO) of Saudi oil giant Saudi Aramco is being planned to be made by the sovereign wealth funds of Abu Dhabi and Kuwait. Aramco is primarily depending on investment investments from Saudi Arabia and...

Global Supply Of Batteries For EVs Could Be Disrupted Due To Feud Of Korean Firms

Two South Korean battery manufacturing firms SK Innovation and LG Chem are fighting a bitter battle in court in the United States over charges of misappropriating trade secrets with the aim of each to prevent importing and selling EV batteries to a host of planned electric vehicles of a number of...

HP's net profit falls in 2018-2019

Net income of HP Inc. in the 2018-2019 fiscal year, ended on October 31, amounted to $ 3.152 billion, which is 1.7 times less than in the last financial year, the company reported. Diluted earnings per share for the reporting period amounted to $ 2.07 compared to $ 3.26 for the same period last...

Boeing loses right to issue certificates for 737 MAX in USA

The US Federal Civil Aviation Agency will remain the only agency eligible to certify the aircraft. “The public and safety interests in the aviation trade are requiring the management to retain the authority to issue airworthiness certificates and export airworthiness certificates for all 737 MAX...

First Car Factory in Indonesia To Be Set Up By Hyundai At $1.55 Bn

An agreement for construction of a new car manufacturing plant in Indonesia has been signed by South Korea’s Hyundai Motors which will be the first such facility of the company in Southeast Asia outside of its home market, the company announced on Tuesday. The aim of the company is also to...

Uber loses license in London

Uber refused to renew its license to work in London, one of the key markets for taxi services. Inspection of the company by the British regulator revealed several thousand violations: for example, drivers took orders without a license. The British state-owned enterprise Transport for London (TfL, a...

T Rowe, Ant Financials, Softbank Among Investors In Paytm As It Raises $1 Billion

Paytm, the largest digital payments company of India and backed by the Japanese investment conglomerate SoftBank, has managed to raise $1 billion in a funding round that was headed by the US-based asset manager T Rowe Price. SoftBank and Ant Financials are among the major investors in this...

Novartis to pay $ 9.7 billion for US biotech company The Medicines Co

Novartis buys The Medicines Co, a US-based biotechnology company, for about $ 9.7 billion. The Swiss pharmaceutical company aims to expand its portfolio of anti-cardiovascular drugs. Novartis will pay $ 85 per share in cash, which is about 24% higher than The Medicines Co shares at $ 68.55 at the...

Tough Measures To Vet 5G Suppliers Backed By EU, Huawei Likely To Be Impacted

Tough preconditions for the selection of suppliers for construction and running of 5G mobile networks has been adopted by the countries of the European Union on Friday. The conditions included strict vetting of the domestic legal framework that will be used for subjecting examination of the...

Aston Martin Gears Up For Its New DBX SUV for 2020

Aston Martin pitches its hopes of reviving its revenue flow by selling its new SUV. Earlier this year, Aston Martin has witnessed its shares sink as sales remained below the expected levels following a “stock market flotation”. Now the company has come out with its “first sport utility vehicle”, on...