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Xi Jinping's Diplomatic Outreach In Latin America Amid Tensions With The U.S. 11/17/2024

Crypto Industry Eyes Transformation Under Trump: A New Era For Digital Assets 11/15/2024

Climate Finance At A Crossroads: G20's Role In Tackling Global Warming 11/16/2024

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Business & Finance

Mitsubishi discusses participation in ExxonMobil's low-carbon ammonia project

Mitsubishi Corp. from Japan is in talks to acquire a share in ExxonMobil Corp.'s Texas project, set to be the biggest low-carbon ammonia production facility globally, writes The Wall Street Journal. It is anticipated that the plant will have the capacity to generate 1 billion cubic feet (28 million...

GM and Hyundai plan partnership in car production and green technology

American General Motors and South Korean Hyundai Motor have agreed to investigate potential collaborations in car production, supply chains, and environmentally-friendly technologies. As per the companies' collaborative press statement, they aim to cut costs and speed up the release of cutting-edge...

Commerzbank ready for talks on possible merger with UniCredit

Commerzbank AG is open to discussions regarding a potential merger with Italian UniCredit, writes the Financial Times citing sources. On Wednesday, it was revealed that UniCredit purchased 9% of Commerzbank shares, with the German government providing the remaining 4.5% of the market share. The...

Trump Media shares lose 18% after Trump and Harris debate

Trading data shows that the share price of Trump Media & Technology Group (TMTG), the company that owns Truth, the social network that Donald Trump founded, dropped 18.25% during its premarket low on the Nasdaq exchange. Later, the fall had slowed to 10.84%. The value of Trump Media shares at...

Panasonic And Tata Motors End Olympic Sponsorships: Implications For Future Business Strategies

Japan’s Panasonic Holdings has announced that it will end its 37-year sponsorship of the Olympic Games following the conclusion of the Paris Games. This decision marks a significant shift for the Osaka-based company, which has been a top sponsor of the global sporting event since 1987. The news...

Volkswagen ponders closing plants in Germany

The Financial Times reports that Volkswagen, a German company, is thinking about shutting down its factories in Germany and going back on its commitment not to lay off employees until 2030, according to the car company's production council. Thomas Schaefer, the company's CEO, confessed that the...

Marathon Oil shareholders approve merger with ConocoPhillips

Marathon Oil, a US-based oil company, announced in a press release that it has obtained approval from its shareholders for the proposed merger with ConocoPhillips. The agreement is expected to be finalized by the conclusion of the fourth quarter of 2024, pending approval from regulatory...

Volkswagen Faces Challenges in Meeting Aggressive Cost-Cutting Targets Amidst Industry Headwinds

Volkswagen's passenger cars brand is facing significant challenges in reaching its ambitious €10 billion ($11.14 billion) cost-cutting target, according to a report by German business paper Handelsblatt on Wednesday. The report highlights how the automotive giant is grappling with a variety of...

Uber fined €290 million in the Netherlands for transferring data to the US

MarketWatch reports that Uber Technologies, an American company that offers cab booking and food delivery services, was fined 290 million euros in the Netherlands for transferring information about European drivers to the United States. The DPA of the Netherlands announced that the organization...

Skydance accuses Paramount of breaching merger agreement

A letter from Skydance's lawyers reads that American Skydance Media has alleged that media holding Paramount Global breached their merger agreement terms, as reported by The Wall Street Journal. Paramount has the right to seek and evaluate alternative purchase offers as part of the merger agreement...