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

ECB Sounds Alarm On AI Stock Bubble: A Looming Threat To Financial Stability 11/21/2024

Hyundai IONIQ 9: The Battle For The Electric Three-Row SUV Market 11/21/2024

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Business & Finance

Ford Chairman Wants 'Certainty' In Trade Deal For Company To Plan And Invest

Second largest US auto maker Ford wants some form of certainty to allow it to plan and make investments for the future. This was opined by the Ford Motor Co Executive Chairman Bill Ford on Thursday while taking about the ongoing trade war between the US and some of its former close trading partners...

BASF and LetterOne to merge oil and gas assets

The German concern BASF and LetterOne (owned by Russian billionaire Mikhail Fridman) signed an agreement on the merger of oil companies Wintershall and DEA. According to Wintershall’s statement, the transaction is expected to close in the first half of 2019. At the end of last year, when the...

China Renaissance shares collapse after IPO in Hong Kong

Following the IPO of the Chinese restaurant chain Haidilao, there was another long-awaited event on the Hong Kong Stock Exchange - the initial public offering of shares of the investment bank China Renaissance, CNBC reported. It was expected that the bank would raise about $ 346 million when...

Fox to sell its 39% stake in Sky to Comcast for $ 15 billion

Rupert Murdoch media magnate’s company 21st Century Fox agreed to sell its 39% stake in the British television operator Sky Plc to American Comcast. Thus, Comcast, which won an auction for the right to purchase a controlling stake in Sky in the last weekend, has become closer to obtaining full...

Handelsblatt: Deutsche Bank is considering a merger with UBS

Handelsblatt reports that the likely scenario was discussed at a meeting of the bank's supervisory board. Deutsche Bank itself called the report a "fiction". Yet, the market is rumoring that Deutsche Bank is considering merger options, seeking to compensate for losses that the credit organization...

Instagram Co-Founders Decide To Quit The Company They Had Formed

In a surprise, the co-founders of Instagram announced their intention to resign form the company that they had founded but offered no explanation about the reason of their departure. According to a statement issued by the social media platform’s Chief Executive Kevin Systrom issued late on...

75 banks join JPMorgan's blockchain

American financial holding JP Morgan reported that more than 75 banks have joined its Interbank Information Network (IIN) based on the Quorum blockchain. JPMorgan is among the few banks that are trying to make blockchain mainstream technology of the financial sector. According to the Financial...

Belgian authorities report deficit of one and two euro cent coins

The Ministry of Finance of Belgium informed people about the deficit of coins worth one and two euro cents. The Belgian state earlier refused to coin copper coins of this denomination because of the high cost of the process. "People should use their coins for their intended purpose; keeping them...

Agreement Between Apple And Salesforce Will Give Siri To More Biz Apps

Salesforce.com would be helped by Apple Inc to imbibe more of the features of Apple such as its Siri voice assistant into the mobile apps of Salesforce according to a proposed partnership between the two companies. The apps of Salesforce are used widely by the sales and marketing firms. On...

Brent Crude Surpasses $80 A Barrel Mark, A Multiyear High

Signals from oil cartel Opec that there would not be any immediate increase in production and a general tightening of the oil market resulted in the price of Brent crude reaching a high since November 2014 at $80 a barrel on Monday. There were some enthusiastic investors and traders...