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

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

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

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Business & Finance

US Cannabis Market Would Reach $41 Billion By 2028 If Legalised Country-Wide: Barclays

According to a report by investment bank Barclays, if the US federal government and all of the states of the country legalize the use of marijuana, it would transform into a major industry sector overnight and would result in the governments at all levels getting revenues in the tens of billions of...

Alphabet shares fall by 7% after Q1 reporting

Alphabet revenue rose by 17% in the first quarter of 2019, which is generally a very solid figure, considering that it was $ 36.3 billion. But analysts and investors expected more from the American corporation, and the lack of clear explanations for the causes of problems makes investors doubt...

GM doubles net profit in Q1

Net profit of the American automobile concern General Motors (GM) attributable to shareholders of the company, according to the results of the first quarter of 2019 increased 2.1 times in annual terms and amounted to $ 2.157 billion, the company said. The diluted earnings per share for the quarter...

This Is Why Airbus Is Not Pouncing On Boeing Over Its 737 MAX Crisis

According to industry experts, the reason why Airbus is not elated because of the fiasco that Boeing is facing over its 737 Max is partly because the jet is similar to Airbus’s record-selling A320neo in terms of following strategies of engine efficiencies. This is also perhaps the reason why Airbus...

Q1 Profit Loss Prompts Barclays To Further Slash Costs

The tough markets are given pressure on Barclays which is caught in the public spat between its C.E.O and the activist and investor. In the Q1, Barclays experiences a drop of ten percent in profit figures, while the investment bank seems to struggle under the pressure of tough markets situation...

Renaults Holds On To 2019 Goals Post Q1 Revenue Loss

Market is focussed on seeing whether or not the alliance of Renault survives the storm Ghosn scandal. On Friday, April 26, 2019, Renault decided to keep up its annual target even as it experienced a loss in “overseas sales and business” in partnership with Nissan, whereby amounting a revenue drop...

Will Coca-Cola create competitor for Starbucks?

At the beginning of the year, Coca-Cola completed acquisition of Costa Coffee for $ 5 billion. This British company is the second largest chain of coffee shops after Starbucks. Meanwhile, Coca-Cola CEO James Quincey is trying to increase the company's influence in the highly profitable coffee...

Standard Chartered Under ‘$1.1 billion’ Penalty For Violating Sanctions

An investigation on Standard Chartered found the bank breaching sanctions and lined up penalties in the form of “fines and forfeitures”. As per the announcements made by the government authorities, the Standard Chartered Plc has consented in paying a sum of “$1.1 billion” to the authorities of...

Shortage Of Heavier Oil Possible Due To U.S. Sanctions On Iran And Venezuela

The global supply of heavy-medium crude is set to be hit due to the tighter U.S. sanctions on Iranian oil to be implemented starting May, among other factors. Such concerns have also forced up prices of the scarcer barrels resulting in tensions between the buyers and sellers. The increased...

Reuters: US sanctions against Iran and Venezuela create a shortage of heavy crude

Tightening of US sanctions on the Iranian oil sector will add to the many factors holding back world supplies of heavy and medium oil and increase its value, Reuters writes. New restrictions on Iranian exports complement the previously imposed sanctions by Washington on Venezuela and the obstacles...