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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
This Week's Tech Earnings Explosion Highlights The Mounting Issues At Google And Tesla
Trades In Bitcoin Ignore "Halving" In Favor Of More Significant Market Dangers
TikTok Divesting Or Ban Bill Passed By US Senate; Biden Will Sign It Into Law
Tesla Abandons The All-New Model 2 In Favour Of "More Affordable" Vehicles
Due To Concerns About Its Growth And Product Strategy, Tesla Is Anticipated To Report A Smaller Profit Margin
UBS Predicts The Big Six Internet Giants' Profit Momentum Will "Collapse" By 2024
Tesla Lowers Pricing After US Cutbacks In China, Germany, And Other Countries
U.S. And China Will Have Their First AI Discussions Within "Weeks" Despite The Current TikTok Impasse
Microsoft Surpasses Wall Street Expectations Thanks To Its Investment In AI
Profits For Big Oil Companies Decline As Natural Gas Prices Plummet.
Google's Parent Company Declares Its First-Ever Dividend; Sales And Profit Exceed Expectations; Shares Rise
Latest News
Profits For Big Oil Companies Decline As Natural Gas Prices Plummet.
U.S. And China Will Have Their First AI Discussions Within "Weeks" Despite The Current TikTok Impasse
Reader's Pick
Swedish Finance Minister Says UBS's Expansion To Be Slowed By New Capital Standards Set For Swiss Banks
14/04/2024
US Inflation Is Declining, And The Economy Is Supported By Consumer Spending
30/03/2024
Low-Income Americans Are Being Targeted By Food Businesses Like Kraft-Heinz And Coke; Here’s How
09/04/2024
Google's Proposed Massive Acquisition Would Lead To A New Regulatory Battle
09/04/2024
Remote Work Responsible For Slowdown Of Innovation – Says Nike CEO
14/04/2024
Latest Business News
Profits For Big Oil Companies Decline As Natural Gas Prices Plummet.
Markets
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27/04/2024
A significant decline in natural gas prices from a year ago was the reason behind the lower first quarter earnings that U.S. and European oil corporations released on Friday. Oil and gas companies' 2022 record highs, which were driven by a rise in demand following the COVID-19 pandemic and higher pricing following Russia's invasion of Ukraine, are still being surpassed by worse results...
U.S. And China Will Have Their First AI Discussions Within "Weeks" Despite The Current TikTok Impasse
Markets
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27/04/2024
The first high-level AI talks between the United States and China will take place in the "coming weeks," according to U.S. Secretary of State Antony Blinken, who gave no information on the whereabouts of TikTok, the dominant Chinese social media platform. Blinken announced that the United States and China had reached an agreement to hold the first intergovernmental conversation on...
Microsoft Surpasses Wall Street Expectations Thanks To Its Investment In AI
Companies
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26/04/2024
Microsoft's shares increased more than 4% in extended trading on Thursday after the firm exceeded Wall Street projections for third-quarter sales and profit. The business attributed its success to the use of artificial intelligence across all of its cloud services. For the current quarter, executives projected cloud revenue ranges that were largely higher than Wall Street expectations....
Google's Parent Company Declares Its First-Ever Dividend; Sales And Profit Exceed Expectations; Shares Rise
Companies
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26/04/2024
With the announcement of Alphabet's first-ever dividend and $70 billion stock purchase on Thursday, investors were ecstatic and the stock shot up about 16% after the bell. The parent company of Google is making a profit while building billion-dollar data centres in an effort to overtake competitors in the field of generative artificial intelligence. Each share will receive a 20-cent...
Tesla Abandons The All-New Model 2 In Favour Of "More Affordable" Vehicles
Companies
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24/04/2024
Using its current platforms and production lines, Tesla announced that it will deliver "new models" by early 2025, retreating from earlier ambitious plans to manufacture an all-new model that was anticipated to cost $25,000. After months of decline, during which Tesla has faced with tough competition and dwindling sales, the promise of new goods on a speedier timeframe drove Tesla shares...
TikTok Divesting Or Ban Bill Passed By US Senate; Biden Will Sign It Into Law
Companies
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24/04/2024
Late on Tuesday, the U.S. Senate overwhelmingly approved legislation that would outlaw TikTok in the country if its Chinese parent company, ByteDance, is unable to sell the well-known short video app within the next nine months to a year. The bill was approved by the US House of Representatives on Saturday and will be signed into law by US President Joe Biden on Wednesday. The bill was...
Due To Concerns About Its Growth And Product Strategy, Tesla Is Anticipated To Report A Smaller Profit Margin
Companies
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23/04/2024
Tesla is expected to soon release its lowest gross profit margin in over six years following a wild week that includes significant layoffs, car price reductions, and investor demands for clarification on the company's product strategy. During the conference call following the results, investors are expected to grill Tesla's CEO, Elon Musk, sharply about what will happen to the so-called...
Trades In Bitcoin Ignore "Halving" In Favor Of More Significant Market Dangers
Markets
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23/04/2024
Though industry insiders said on Monday that the cryptocurrency's fortunes were more directly related to broader financial market emotions and geopolitics, the so-called halving event of Bitcoin has had little effect on its price thus far. With the intention of reducing the rate at which new bitcoins are created, the "halving" of the cryptocurrency, which took place on Saturday at 00:14...
This Week's Tech Earnings Explosion Highlights The Mounting Issues At Google And Tesla
Markets
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23/04/2024
Tech giants face a mound of turmoil as they prepare to report results this week. Protests and reorganisations have occurred at Google, and Tesla recently revealed massive layoffs, price reductions, and a Cybertruck recall. Microsoft's OpenAI partnership is under increased scrutiny, and Meta, the parent company of Facebook, had a rough go of it last week when it rolled out its new AI...
Tesla Lowers Pricing After US Cutbacks In China, Germany, And Other Countries
Companies
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22/04/2024
Due to declining sales and a growing price war for electric vehicles (EVs), particularly with Chinese EVs, Tesla has lowered prices in several of its major countries, including China and Germany, after lowering prices in the US. The price reductions follow Tesla's announcement this month that worldwide car deliveries in the first quarter decreased for the first time in almost four years,...
UBS Predicts The Big Six Internet Giants' Profit Momentum Will "Collapse" By 2024
Companies
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22/04/2024
The so-called Big Six technology stocks' profit growth momentum may "collapse" during the upcoming quarters, according to strategists at UBS Global Research, who downgraded the mega-cap firms' rating on Monday. The "Big 6 TECH+" stocks—Apple, Amazon.com, Alphabet, Meta, Microsoft, and Nvidia—saw a decrease in earnings per share (EPS) growth to 15.5% by the first quarter of 2025 from...
Growing Hostilities In The Middle East Are A New Shock To Global Markets
Markets
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20/04/2024
World markets have been shaken by reports of an Israeli strike on Iranian territory that may spark a wider confrontation in the Middle East and quickly alter the course of everything from bonds to oil prices and inflation concerns. Friday saw a decline in stocks, a temporary increase in oil prices above $3 per barrel, and a rise in safe-haven government bonds. Although there...
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...