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The US plans to limit AI chips supply to Malaysia and Thailand 07/07/2025

US universities could lose up to $1 billion in revenue due to loss of international students 07/09/2025

Navarro slams Apple CEO for delaying production move out of China 07/08/2025

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Business & Finance

Trade Frictions & Brexit Forces IATA To Almost Halve Air Cargo Traffic Growth Forecast

Trade spats, a very uncertain Brexit deal, and anti-globalisation rhetoric were cited to the factors that forced the International Air Transport Association (IATA) to almost cut in half its annual forecast for growth in air traffic in the air cargo market. The international body now believes that...

Questions Asked Of Boeing After Ethiopia Crash Of Its 737 Max 8 Jet

The grounding of all Boeing 737 Max 8 jets by Ethiopian Airlines and carriers in China and elsewhere following the crash of a flight of Ethiopian Airlines on Sunday that killed all 157 people onboard has raised serious questions about safety of the 737 Max 8 jets made by the US based plane maker....

Reports Suggest Deutsche And Commerzbank Could Merge, Shares Rise

The possibility of the merger of the two largest banks of Germany - Deutsche Bank and Commerzbank, infused confidence of investors resulting in the shares of both the banks gaining at the stock exchange. Deutsche had been under pressure to create a strategy for the long term as the German...

Experts: Investments in whisky are on the rise

According to Knight Frank consulting company, last year whisky turned out to be the most profitable investment from among all the luxury investment assets. Over the year, price of Scotch whisky as an investment asset increased by 40%, getting ahead of such traditional assets as collectible wines,...

Gett or Uber: Which IPO will be first?

Gett, taxi and other services company, can hold an IPO already this year. Perhaps it will be able to go public even earlier than Uber. Plans to hold an initial public offering and become a public company were announced by CEO Dave (Shahar) Waiser. Earlier, the Israeli newspaper Globes,...

Papers of large Western banks fall amid Russian reputational scandal

The scandal surrounding Raiffeisen Bank International, ING, Deutsche Bank and Citigroup, which broke out after the complaint of Bill Browder to the Austrian prosecutor's office, risks to result in criminal penalties and severe sanctions by regulators. Although there is still no information about...

Anti-Depressant Nasal Spray By J&J Approved By US FDA

An antidepressant in eth form a nasal spray from Johnson & Johnson – aimed at providing a cure for those people who are resistant to other treatments, was approved by the United States Food and Drug Administration. The agency however also imposed certain restrictions on the manner of use of the...

GE shares plummet after the company head’s forecast

GE CEO Lawrence Culp said that the company's cash flow would be negative this year. This statement was made during the Aviation, Transportation & Industrials Conference in New York, organized by investment bank JP Morgan. In 2018, General Electric's free cash flow amounted to $ 4.5 billion....

Huawei Preparing To File Case Against US Government: Reports

Reports in the United States suggest that the US government would be sued by the Chinese telecom giant Huawei over the decision of the Trump administration not to allow the federal agencies using products supplied by the company. According to reports quoting sources with knowledge of the...

Peru To Receive ‘Open-Access’ Internet Service

The largest internet provider of Peru follows the footsteps of Mexico. Telefonica is a telecommunications group of Spain, which informed last week that it would be introducing “open-access” in Peru. This internet service will be provided as “wholesale broadband mobile” and there are aims of...