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

Expedited Chinese Rare Earth Shipments Could Tremendously Help U.S. Industry and Security 06/27/2025

German watchdog asks Apple, Google to look into blocking DeepSeek 06/30/2025

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Deutsche Bank announces large-scale restructuring plan, investors aren't convinced

Deutsche Bank, which has been experiencing serious problems in recent years, decided to take drastic measures in order to return customers and investor confidence. The company announced a large-scale business restructuring, promising to reduce about 18 thousand employees, significantly lower costs...

Top 4 tech IPOs worth attention

In the first half of 2019, Uber, Lyft, Slack, Zoom and other companies debuted on the stock exchange, but their dynamics turned out to be ambiguous. Zoom, for example, has grown by 45% since its public offering on April 18. Lyft, meanwhile, has fallen by 22% since its debut on March 29. Provided...

Deutsche Bank Initiates 18,000 Job Cuts Globally, Shares Rise

A major overhaul of Deutsche Bank was initiated on Monday with the investment bank’s planned cutting of 18000 jobs globally which is the biggest reshuffling and reorganization within the bank since the last global financial crisis. The announcement for the cutting of the jobs was made by...

People Affected By Lion Air & Ethiopian Airlines Crashes To Be Paid $100M By Boeing

People who were impacted by the deadly crashes of the Lion Air and Ethiopian Airlines crashes in which a total of 346 people were killed would be paid a total of $100 million, pledged Boeing on Wednesday. "We at Boeing are sorry for the tragic loss of lives in both of these accidents and...

Volume of cross-border M&As falls by 45% in the first half of 2019

According to Refinitiv, in the first half of the year, the global volume of mergers and acquisitions (M&A) amounted to $ 2 trillion, which is 12% less than in the first half of last year. At the same time, the volume of cross-border transactions fell sharply by 45%. In addition, activity in Europe...

Top 3 most successful IPOs of 2019

The current year brought quite a few large IPOs. Shareholders who had time to invest in the most successful "newbies" are now reaping the fruits of their success. So which recent debutants showed the best results? Beyond Meat, MMTec and ShockWave Medical have become the biggest players in the IPO...

In An ‘Extensive Overhaul’, Deutsche Bank May Slash Twenty Thousand Jobs

In order to turn the investors, after the failed merger attempt, the Deutsche Bank is planning a major revamp. The supervisory board of Deutsche bank is scheduled to meet on July 7, 2019 for discussing on an “extensive overhaul”. The said restructuring may cut as many as “20,000 job”, revealed...

Alitalia finds a savior

Bolivian entrepreneur of Polish origin German Efromovich announced his plans to buy out a stake in the problem Italian air carrier Alitalia. According to Mr. Efromovich, he could easily buy up to 30% in Alitalia, which is undergoing bankruptcy and is under external control, and do what no one has...

Google Misused Dominant Android Position, Probe By Indian Watchdog: Reuters

An investigation by Indian authorities on the business practices of Google has found that the dominant market position of the company in India has been misused by it and that capacity to choose alternate versions of its Android mobile operating system by device manufacturers has been curtailed,...

Uber stock climb above placement price for the first time since IPO

On Thursday, papers of Uber Technologies taxi service finished trading on the New York Stock Exchange above the price of accommodation for the first time in a month. On the eve, the stock rose in price by 6.2%, to $ 45.13 per share. In mid-May, trading started at $ 45 per share, when the company...