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Lifestyle
Bill To Outlaw Trade In Dog Meat Passed By The Parliament Of South Korea
South Korea's parliament passed a bill on Tuesday to ban the consumption and sale of dog meat, outlawing the contentious centuries-old practice amid increased support for animal welfare. ...
The Two Priciest Cities In The World Are Singapore And Zurich
The Economist Intelligence Unit (EIU) has announced that Singapore and Zurich were tied for the most expensive cities in the world this year, followed by Geneva, New York, and Hong Kong....
Pocket wallets vs. smartphones: Can we replace cash with digital currencies?
The more than a decade-long history of cryptocurrency has clearly demonstrated that the world is keen on the new form of money. The crypto frenzy has even prompted leading central banks to work on...
Most Popular
EU Is Investigating Meta For Possible Child Safety Hazards
Insiders Claim Musk's Neuralink Has Had Problems With Its Small Wires For Years
Walmart's Optimistic Outlook Suggests A Tenacious Customer Base
ECB Believes Additional Regulations May Be Necessary For Usage Of AI In Finance
Walmart Raises Its Profit And Sales Projection For The Full Year
Musk Is Pushing For Tesla's AI Goals To Be Powered By China Data
Low Pricing Strategy Employed By Chinese Retailer JD.Com Helps Sales Surpass Projections
As Dealmaking Increases, Goldman Sachs Seeks To Broaden Its Private Equity Credit Lines
GameStop Falls Amid Preparations For A Capital Increase Following This Week's Meme Stock Craze
Latest News
As Dealmaking Increases, Goldman Sachs Seeks To Broaden Its Private Equity Credit Lines
GameStop Falls Amid Preparations For A Capital Increase Following This Week's Meme Stock Craze
Reader's Pick
UBS Predicts The Big Six Internet Giants' Profit Momentum Will "Collapse" By 2024
22/04/2024
Profits For Big Oil Companies Decline As Natural Gas Prices Plummet.
27/04/2024
Elon Musk Will Talk About Allowing Fully Autonomous Driving In China
29/04/2024
U.S. And China Will Have Their First AI Discussions Within "Weeks" Despite The Current TikTok Impasse
27/04/2024
Google's Parent Company Declares Its First-Ever Dividend; Sales And Profit Exceed Expectations; Shares Rise
26/04/2024
Latest Business News
As Dealmaking Increases, Goldman Sachs Seeks To Broaden Its Private Equity Credit Lines
Companies
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18/05/2024
In an attempt to fill the hole left by unrest at regional banks and the sale of Credit Suisse, American investment bank Goldman Sachs is pushing its way into the lending market for asset managers and private equity. The company is also looking to expand internationally. In this $800 billion to $1 trillion sector, the Wall Street bank is ramping up in competition with competitors JPMorgan...
GameStop Falls Amid Preparations For A Capital Increase Following This Week's Meme Stock Craze
Companies
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18/05/2024
Retail favourite GameStop fell 26% on Friday following its announcement that it will sell up to 45 million shares in order to capitalise on this week's meme-stocks craze. This week saw the greatest trading activity for the company's shares in three years, according to a slew of postings from Keith Gill's X account, "Roaring Kitty," whose optimistic predictions about GameStop sparked the...
Low Pricing Strategy Employed By Chinese Retailer JD.Com Helps Sales Surpass Projections
Companies
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17/05/2024
Price reductions and discount coupons helped Chinese online retailer JD.com raise sales after being negatively impacted by wary customers, as the company announced first-quarter revenue that above market projections. In order to maintain their e-commerce market share in the second-largest economy in the world, JD.com and its longstanding competitor Alibaba Group have been lowering costs...
Musk Is Pushing For Tesla's AI Goals To Be Powered By China Data
Companies
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17/05/2024
As part of a strategic move by Elon Musk, Tesla is moving forward with plans to power the worldwide development of its self-driving system using data from China that might be processed within the nation, according to people with knowledge of the effort. As part of that endeavour, two persons who wished to remain anonymous due to the nature of the work being done in confidence, said that...
Walmart's Optimistic Outlook Suggests A Tenacious Customer Base
Companies
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17/05/2024
In accordance with previous comments made by one of its major suppliers and a competitor retailer, Walmart's optimistic outlook for the retail industry indicated that American consumers were resilient. According to Walmart officials on Thursday, American consumers are pulling out their wallets and spending money on clearance items both in-store and online. Many of them are also using...
Walmart Raises Its Profit And Sales Projection For The Full Year
Companies
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16/05/2024
Walmart increased its prediction for the entire year and released first-quarter earnings on Thursday that were better than anticipated. The company is banking on lower inflation to boost sales of non-essential items like gadgets and clothes as well as food. In premarket trading, Bentonville, Arkansas-based company's shares saw a 6% increase. On Thursday, the stock will reach a record...
EU Is Investigating Meta For Possible Child Safety Hazards
Companies
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16/05/2024
EU officials said on Thursday that Meta Platforms' social media platforms, Facebook and Instagram, will be examined for possible violations of EU online content regulations concerning child safety. If found in violation, the EU regulators might impose heavy fines. The landmark Digital Services Act (DSA) of the European Union went into effect last year and requires tech companies to do...
Insiders Claim Musk's Neuralink Has Had Problems With Its Small Wires For Years
Companies
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15/05/2024
Neuralink, the Elon Musk-owned business, had been aware of the problem for years prior to its revelation last week that the minuscule wires within the brain of its first patient had come loose, according to five individuals acquainted with the situation. According to three of the people, the business was aware that the wires may retract and take the delicate electrodes that interpret...
ECB Believes Additional Regulations May Be Necessary For Usage Of AI In Finance
Markets
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15/05/2024
The European Central Bank stated on Wednesday that although artificial intelligence (AI) in banking is still in its infancy, it has to be watched over and perhaps regulated to protect consumers and guarantee the smooth operation of markets. The European Central Bank (ECB) observed that banks and other financial institutions might benefit from using generative AI in a variety of ways,...
April Saw A New High For China's Car Exports Amidst Declining Domestic Sales
Markets
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10/05/2024
According to figures released on Friday, China's automobile exports reached a new high in April, while domestic sales fell 5.8% from the previous year due to customers' reluctance to spend much on large-ticket products during the country's precarious economic recovery. April's car exports increased 38% year over year to 417,000 units, the China Passenger Car Association (CPCA) reported....
Foxconn's Q1 Earnings Will Rise From A Low Base As Growth Is Powered By AI
Companies
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10/05/2024
The largest contract electronics manufacturer in the world, Foxconn, based in Taiwan, is anticipated to release its first-quarter earnings results on Tuesday. The company attributed the strong demand for its AI servers to the profit more than doubling from a year earlier. The firm said this month that first-quarter revenue decreased 10% from the same period last year, but it remained...
StanChart Profit Exceeds Revenue Growth Projections
Companies
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02/05/2024
A 5.5% increase in pretax profit for the first quarter was reported by Standard Chartered PLC which was over the expectations of analysts. The company attributed this improvement to higher interest rates as well as good performance from its markets trading operation, which helped to offset a spike in credit losses. The bank, which makes most of its money in Asia,...
World
Global Warming Causes The First 12-Month Period Above 1.5C
According to the European Union's climate change monitoring service, the world just had its warmest January on record, making it the first 12-month period in which average temperatures were more than...
2023 Was The Second-Warmest Year Ever For The UK
The national weather service of the United Kingdom, Met Office, announced that 2023 was the second-warmest year on record for Britain. This finding highlights the increasing influence of human-caused...
Fury And Dissatisfaction As The COP28 Draft Language Leaves Out The Phase-Out Of Fossil Fuels
On the last day of the global conference, the proposed language for a COP28 climate agreement that does not call for the phase-out of fossil fuels has come under heavy fire from influential figures,...
Brazil Joins The Global Climate Accord To Increase Renewable Energy Usage By Three Folds
Brazil has joined a potential agreement supported by the United Arab Emirates, the United States, and the European Union to treble the amount of renewable energy produced globally by 2030 and move...
The Rise of India and the Decarbonisation of its Economy
Ranked 14th in the world for gas consumption in 2022, with a growing dependence on imports, India plans to further increase its use of LNG. This appetite stems from both the economic development of...
People
New Study Finds People Who Were Class Bullies Could Make Higher Incomes In Their Middle Age
A recent study challenges the widely held belief that school bullies would eventually get their comeuppance by indicating that they are likely to end up with greater earnings. The Institute for...
In A New York Corporate Fraud Lawsuit, Trump Slapped Fines And Interest Of $454 Million
A New York judge ruled in the former president's civil business fraud trial on Friday, ordering him to pay a total of approximately $454 million in penalties. According to an attorney...
Survey Finds 80% Employees In Asia Face Moderate To High Risk For Mental Health Issues
Employees in Asia are under "significant mental health strain," with 82% at moderate to high risk of being depressed. According to a recent study by insurance broker Aon and TELUS Health,...
The Way Bankman-Fried Of FTX Obtained A $250 Mln Bail
On Thursday, FTX founder Sam Bankman-Fried agreed to a bail deal that would see him released on a $250 million bond secured against his parents' property, with movement restrictions. ...
Majority Of Elon Musk’s Twitter Followers Do Not Want Him As Twitter Chief, Shows A Musk-Conducted Pool
Less than two months after taking over as CEO of the social media platform, Elon Musk faced backlash from Twitter users who voted in a poll for him to resign. According to the poll the...