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Yin‑Yang Diplomacy Meets Tariff Warfare: Beijing’s Dual Message to Washington 04/20/2025

Tokyo Pushes for Tariff Relief as Trade Talks with Washington Loom 04/15/2025

IMF Head: Global trading system is resetting 04/18/2025

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Business & Finance

Victims of the Largest Pyramid Scheme Don't Want To Take Their Money Back

Victims of the famous Bernard Madoff, who founded the largest Ponzi scheme in the history of global finance, do not want retake $ 2.5 billion. Is it simple forgetfulness or caution? According to estimates of US law enforcement agencies, the collapse of Madoff’s speculation burned $ 20 billion of...

Toshiba Asked For a Loan for Restructuring

Japanese Toshiba Corp has asked the three banks in the country for additional credits amounting to approximately $ 1.8 billion. The company intends to finance the restructuring after the scandal of fraud in the financial statements, according to "Reuters", citing sources familiar with the...

Airbus Aircraft To Be Made in China

Construction of a new Airbus factory has been launched in China today. Investments into the project are estimated at $ 150 million. The company plans to embody and additionally supply wide-body aircraft A330 there, and then deliver them to final consumers. The solemn ceremony devoted to the...

Proposed Deutsche Boerse-LSE Merger could be Gatecrashed by NYSE owner ICE

Raising the prospect of a takeover battle with Deutsche Boerse and lifting LSE shares to a record high on Tuesday, New York Stock Exchange owner ICE said it may make a rival bid for London Stock Exchange. As news of Atlanta-based Intercontinental Exchange Inc’s interest pushed up share...

Late Hitch in Foxconn's Sharp Deal Results in Red Faces and Raised Voices

The simmering distrust between Foxconn and Sharp was brought close to boiling point by the late hitch to Foxconn's takeover of Japan's struggling Sharp Corp, said people with direct knowledge of the matter. Ever since Foxconn founder and billionaire Terry Gou pulled out of a planned...

OPEC Unlikely to Cut Output in June as it Keeps Watchful Eye for Iran, Russia

Since it would be too early to say how fast Iranian output is rising, OPEC is very unlikely to cut output at its next meeting in June, even if prices remain extremely low, said OPEC sources and delegates. Before taking any further steps to stablize prices, OPEC countries such as Saudi...

The Increment In IAG’s Passenger Revenue Adds To Its Profit Margin

Following the jump in passenger revenues, the IAG’s total profit takes a leap. The “operating profit” of the “International Consolidated Airlines Group” witnessed a fourteen percent passenger revenue growth ere some “exceptional items” went up by sixty eight percent. The airline...

Deal with Morrisons Paves Way for Amazon to Enter British Fresh Food Market

In a move that would smooth its market reach in Britain, the US online retailer – Amazon, struck its first supply deal with one of the UK’s “big four” supermarkets – Morrisons. From now on Amazon would take orders of and deliver hundreds of Morrisons fresh and frozen food products....

Information About Mercedes-Benz Car Emission Levels Requested by EPA

Information from the luxury car brand Mercedes-Benz to explain emissions levels in some of its cars has been requested by the United States Environmental Protection Agency (EPA), Daimler on Sunday. Claiming that the Mercedes-Benz cars conform with all rules and norms, a spokesman for...

1.8 Million Workers in Chinese Coal and Steel Sectors to be Laid-off

More than 1.8 million workers in China would be laid off in China, the country announced on Monday. The sectors where this restructuring would take place are in the coal and steel industries. This would amount to about 15 percent of the total workforce and is has been described as a part...