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Rising Trade Tensions Threaten Asia's Economic Growth And Global Supply Chains 11/19/2024

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

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

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Business & Finance

Recognising The ‘Global Healthcare Challenge’ Glaxo Loosens Its Patents

GSK seeks for ways to “contribute” in easing “access to medicines” worldwide. Last week, GlaxoSmithKline, the giant among the “London-listed pharmaceuticals”, reported of its “evolving” approach towards “filing and enforcing patents”, whereby reflecting “a country’s wealth” through “IP protection”....

BAT Proposes A ‘$47 Billion’ Merger Deal To Reynolds American Inc.

If BAT’s proposed offer were to realise, the company would take a leading place in the “high value” market of the United States. BAT, meaning the British American Tobacco, has put up an offer of purchasing Reynolds American Inc’s “U.S. tobacco company” for a deal of “$47 billion”, whereby bringing...

In The Coming Years, Owning A Tesla Car Could Be A Source Of Income.

Tesla has plans up its sleeves to introduce a shared ‘services program’. In the coming year Tesla Motors Inc. will make detailed announcement of its plans on rolling out “a ride services program”, while the same has been “outlined” in the “master plan” of the chief executive, Elon Musk, which he...

Walmart Is Likely To Invest ‘$50 Million’ In New Data

An attempt has been made by Walmart to target Chinese shopping clients. Reuters reported that Walmart Stores Inc. is set to make an investment of “$50 million” in New Data, the latter being the online “grocery and delivery firm” based out of China and a “joint venture” which is partly owned by...

Nissan closed a deal to buy 34% stake in Mitsubishi Motors

Mitsubishi Motors Corporation (MMC) announced joining Renault-Nissan alliance as Nissan closed acquisition of 34% of its shares. As a result of the transaction, total value of which amounted to ¥ 237 billion ($ 2.283 billion), Nissan became the largest shareholder of MMC. Under the deal, Head of...

$148 Billion Underground Bust Seen in China Capital Flow Crackdown

According to a newspaper published by China’s central bank, the country’s currency regulator bust underground banking operations that involved more than 1 trillion yuan ($148 billion), as a part of China’s campaign to crack down on illegal capital outflows. The Financial News reported...

Shares of Apple supplier Laird Plunge as it Warns of Sharply Lower Profit

The shares of Apple Inc supplier Laird Plc were shot down by as much as 50 percent after the company cited a slowdown in smartphone sales and "unprecedented" pricing pressure. The company said that these factors would lead to it posting a sharply lower profit for the year as expected by...

Ernst & Young fined $12 mln

US authorities have fined British auditing and consulting corporation EY (Ernst & Young) for systematic errors during audit of oilfield services company Weatherford International. The latter artificially inflated its financial performance. US Securities and Exchange Commission (SEC) fined EY $...

Intel's profit is increasing but the future is "cloudy"

Intel's net profit in the III quarter has grown by 9% to $ 3.4 billion. Revenue increased by 9% to $ 15.8 billion, the company’s report said. Analysts polled by FactSet were expecting revenue of $ 15.6 billion. Adjustments in the one-off articles, Intel’s net profit in the last quarter numbered $...

Chinese Weibo outflanks Twitter

Market capitalization of Chinese microblogging service Sina Weibo for the first time overtook indicators of its US rival Twitter. During Monday trading on NASDAQ, Weibo capitalization reached $ 11.32 billion, while Twitter’s figure was $ 11.22 billion. At the end of the trading day on the New York...