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U.S. Telecom Hack Exposes Major Security Vulnerabilities In Global Telecom Infrastructure 11/22/2024

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

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Business & Finance

Boeing shipments fall by 38% in 2019

In January-July, Boeing reduced supply of passenger aircraft by 38% compared with the same period in 2018, follows from the company’s data. The number of goods sold decreased from 417 to 258. The decrease can mainly be explained by refusal of airlines to buy Boeing 737 MAX aircraft. The company has...

Norway pension fund holds off on ditching oil companies

In November 2017, the largest sovereign investment fund in the world, the Norwegian Oil Fund, with assets reaching $ 1 trillion, shocked global markets. Representatives of the fund said they intend to abandon investments in oil and gas companies totaling $ 35 billion in order to protect the...

Facebook Reportedly Offering ‘Millions’ To News Firms Against Content Rights

Sensing a great business opportunity in the Chinese market where, the food giant Nestle claims, the consumption per capita of coffee is still lower than global standards, the company has started to sell its Starbucks branded coffee in mainland China. Last year, the exclusive right for the...

Nestle Begins Sale Of Starbucks-Labeled Coffee In China

The recent shooting related killings in more than one incident in the United States has prompted US retailing firm Walmart to order removal of all displays that show violent video games at its stores. However the company plans to continue selling of the controversial video games as well as guns....

Expansion Plans Into Japan Shelved By Beyond Meat

The plan of the United States based alternative meat firm Beyond Meat to venture and expand into the Japanese market has been shelved by it, claimed media reports quoting a Japan based investor. Instead of expansion of Japan, Beyond plans to currently devote its complete focus on the United States...

Criminal Charges Against 17 Goldman Sachs Executives Filed By Malaysis Over 1MDB Scandal

Following completion of investigations in the multi-billion-dollar corruption scandal that resulted in the dissolution of the State fund of Malaysia popularly known as the 1MDB, investigation authorities in the country has now filed criminal charges against 17 current and former directors of...

Broadcom to buy Symantec

The semiconductor manufacturer expects to increase annual revenue by $ 2 billion through the deal. One of the leaders in semiconductor manufacturing - Broadcom – is buying a division of the American Symantec, a leader in computer security. According to information published on the Broadcom website,...

Mastercard to buy Danish payment system Nets for €2.85 billion

American Mastercard, the second largest payment system in the world, has signed an agreement to purchase Danish technology company Nets A/S for €2.85 billion ($ 3.19 billion). According to Mastercard’s press release, this transaction will allow the company to expand its capabilities in the field of...

NASA To Include Jeff Bezos And Elon Musk’s Companies In Landing Man On Moon Again

The United States space agency has taken up plans to develop space technologies in its effort to send man again on the surface of the Moon by 2024 in the Artemis mission and later on send man to the Red Planet – Mars, and for this purpose, the agency has selected 13 companies for this purpose which...

Hong Kong magnates lose $ 19 billion due to protests

Wealth of Hong Kong businessmen has declined markedly over the past two weeks in the active phase of the protests. Financial assets on the Hong Kong Stock Exchange are also under pressure from the US-China trade war, but the local political crisis is becoming an increasingly serious factor in the...