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Lifestyle

Researchers Suggest Previous Studies On Smartphone Addiction May Be Flawed

Researchers Suggest Previous Studies On Smartphone Addiction May Be Flawed
Researchers are now suggesting the there are some serious flaws in a large majority of studies and surveys that have been conducted in recent times which examines the impact on the psychological...

Myth Of Positive Health Impact Of Moderate Drinking Debunked In New Study

Myth Of Positive Health Impact Of Moderate Drinking Debunked In New Study
Earlier studies which had given rise to the notion that one or two drinks a day might protect against stroke have been negated in the results of a major genetic study which has also claimed a very...

10 Steps To Reduce Cancer Risk Suggested By Global Experts In A Cancer Prevention Report

10 Steps To Reduce Cancer Risk Suggested By Global Experts In A Cancer Prevention Report
The vital relationship between cancer diagnoses and diet, physical activity and weight were confirmed in a new study that examined the lifestyle factors that could prevent cancer. The study was...
Most Popular

ADIA Considers Investment As Blackstone Sells $400 Million Stake In Indian REIT Embassy

Byju's Pays Blackstone $234 Million In Connection With The Aakash Deal

Russia's SWIFT Substitute Is Growing Quickly This Year, According To Russia’s Central Bank

Europe Spends Large Sums Of Money To Aid Businesses Tide The Energy Crisis

Credit Suisse Targets To Achieve Stronger Franchise After A Global Review

Livewire Is Spun Off By Harley-Davidson In A $1.8 Billion SPAC Merger

Grab Anticipates Becoming Profitable By The Second Half Of 2024

Goldman Sachs Closes The Largest Private Equity Fund Since 2007 At $9.7 Billion

SoftBank Wants To Bring Samsung And Arm Together In A "Strategic Alliance"

Philippines Will Deport 40,000 Chinese Workers And Shut Down 175 Offshore Gambling Establishments

Latest News

Livewire Is Spun Off By Harley-Davidson In A $1.8 Billion SPAC Merger

Goldman Sachs Closes The Largest Private Equity Fund Since 2007 At $9.7 Billion

Reader's Pick

Lee Newman, Dean of IE Business School 09/09/2022

$400,000 Petrol Powered SUV From Ferrari Designed For The Super Rich 14/09/2022

Apple Will Contest Brazil's Ban On Selling iPhones Without A Charger 07/09/2022

Russia Suspends Gas Exports To Europe Via Nord Stream 1 For Maintenance 31/08/2022

British Pound Drops To Its Lowest Against The Dollar In 37 Years 07/09/2022

Latest Business News
Livewire Is Spun Off By Harley-Davidson In A $1.8 Billion SPAC Merger

Livewire Is Spun Off By Harley-Davidson In A $1.8 Billion SPAC Merger

Companies

The first publicly traded electric motorcycle company in the US was created when Harley-Davidson Inc. spun off its electric motorcycle division, LiveWire, through a SPAC deal.   Following the unit's $1.77 billion merger with a blank-check company on Tuesday, LiveWire Group Inc., Harley-former Davidson's electric motorcycle subsidiary, debuted on the American market. In afternoon trading,...
Goldman Sachs Closes The Largest Private Equity Fund Since 2007 At $9.7 Billion

Goldman Sachs Closes The Largest Private Equity Fund Since 2007 At $9.7 Billion

Companies

According to Goldman Sachs Group Inc., it has closed a $9.7 billion private equity fund, its largest since 2007. The fund aims to invest in businesses with an enterprise value of between $750 million and $2 billion.   The "West Street Capital Partners VIII" fund is housed within the asset management division of the Wall Street behemoth. In order to acquire controlling interests in...
Philippines Will Deport 40,000 Chinese Workers And Shut Down 175 Offshore Gambling Establishments

Philippines Will Deport 40,000 Chinese Workers And Shut Down 175 Offshore Gambling Establishments

Markets

As part of a campaign against the notoriously murky online gaming market, the Philippines will shut down 175 offshore gambling companies and deport about 40,000 Chinese employees, a justice ministry official announced on Monday.   In 2016, the Philippines saw the emergence of a new industry that took off quickly as businesses targeted customers in China, where gambling is illegal, by...
Grab Anticipates Becoming Profitable By The Second Half Of 2024

Grab Anticipates Becoming Profitable By The Second Half Of 2024

Companies

The largest ride-hailing and food delivery company in Southeast Asia, Grab Holdings Ltd., said on Tuesday that as it moves faster toward profitability, it expects to break even on adjusted EBITDA by the second half of 2024.   For the second half of 2022, its group adjusted EBITDA loss is anticipated to be $380 million, which would represent a 27 per cent improvement over the first half of...
Credit Suisse Targets To Achieve Stronger Franchise After A Global Review

Credit Suisse Targets To Achieve Stronger Franchise After A Global Review

Companies

Credit Suisse's top two executives have informed staff that the bank is working to build a stronger franchise in the long term, amid uncertainty regarding a global review of its operations, according to a memo quoted by reports in the media.   A "heightened level of media and market speculation" about the review, according to the memo from Chairman Axel Lehmann and Chief Executive Ulrich...
Byju's Pays Blackstone $234 Million In Connection With The Aakash Deal

Byju's Pays Blackstone $234 Million In Connection With The Aakash Deal

Companies

According to a source directly involved in the transaction, India's Byju's paid Blackstone Inc. $234 million to settle its debts owed to the private equity firm as part of a $950 million deal to purchase Aakash Educational.   The payment made on Thursday was for a 38% or so stake in the learning center network that Byju's acquired in April 2021 that was owned by Blackstone.  ...
ADIA Considers Investment As Blackstone Sells $400 Million Stake In Indian REIT Embassy

ADIA Considers Investment As Blackstone Sells $400 Million Stake In Indian REIT Embassy

Companies

Blackstone Inc. will sell a stake in Embassy Office Parks REIT, India's largest real estate investment trust, for up to $400 million through block deals on the Indian stock exchange, according to a report published by Reuters quoting sources familiar with the situation.   One of the sources stated that the largest sovereign wealth fund in the world, Abu Dhabi's, is most likely to purchase...
Russia's SWIFT Substitute Is Growing Quickly This Year, According To Russia’s Central Bank

Russia's SWIFT Substitute Is Growing Quickly This Year, According To Russia’s Central Bank

Markets

As Moscow intensifies efforts to address financial problems brought on by sanctions, the central bank reported on Friday that the reach of Russia's alternative to the SWIFT international messaging system has expanded at a record rate this year.   Following Russia's deployment of tens of thousands of troops into Ukraine, broad Western sanctions were imposed on many of the country's top...
SoftBank Wants To Bring Samsung And Arm Together In A "Strategic Alliance"

SoftBank Wants To Bring Samsung And Arm Together In A "Strategic Alliance"

Markets

Masayoshi Son, the founder and CEO of SoftBank Group Corp, announced on Thursday that he would meet with Samsung Electronics to talk about a possible "strategic alliance" between the South Korean technology behemoth and chip designer Arm.   The billionaire's trip to Seoul will be his first in three years. Son stated in a statement, "I'd like to speak with Samsung about a strategic...
Europe Spends Large Sums Of Money To Aid Businesses Tide The Energy Crisis

Europe Spends Large Sums Of Money To Aid Businesses Tide The Energy Crisis

Markets

In response to a worsening energy crisis that has exposed Europe's reliance on Russian fuel, Germany nationalized gas importer Uniper on Wednesday and Britain announced it would halve energy bills for businesses.   In the biggest escalation of the Ukraine war since Moscow's invasion on February 24, Russian President Vladimir Putin announced a partial military mobilization, adding to the...
A Major Change In Revenue For Investment Banks Is To Happen In 2023, Says Barclays Chief

A Major Change In Revenue For Investment Banks Is To Happen In 2023, Says Barclays Chief

Markets

According to C.S. Venkatakrishnan, CEO of Barclays, investment banks will likely experience a change in revenue next year due to a rebound in banking and advisory fees that will cushion the blow from a decline in trading income.   Investment banks have reported strong results this year thanks to a surge in trading, which helped to make up for a bad year for fees on M&A deals and...
YouTube Challenges TikTok By Offering Creators Of Short Films 45% Of All Ad Revenue

YouTube Challenges TikTok By Offering Creators Of Short Films 45% Of All Ad Revenue

Companies

As TikTok's market share grows, YouTube unveiled a new way for creators to monetize short-form video.   The streaming service, which is owned by Google, revealed on Tuesday that it would start running ads on its video feature Shorts and give video producers 45 per cent of the money. This contrasts with TikTok's $1 billion fund for paying creators and its standard distribution of 55 per...

World

Experts Urge WHO And Governments To Take Stronger Action Against Monkeypox

Experts Urge WHO And Governments To Take Stronger Action Against Monkeypox
A huge monkeypox outbreak has expanded to at least 20 nations, prompting some notable infectious disease experts to call for speedier action from global health authorities to contain it.  ...

Many More Cases Of Monkeypox Likely To Emerge Worldwide, Expects WHO

Many More Cases Of Monkeypox Likely To Emerge Worldwide, Expects WHO
The World Health Organization expects to find more instances of monkeypox when surveillance is expanded in places where the disease is uncommon.   According to the United Nations, 92 confirmed...

The Quad-Supported Vaccine Roll-Out Will Commence In The Early Half Of The Year.

The Quad-Supported Vaccine Roll-Out Will Commence In The Early Half Of The Year.
The first batch of Covid-19 vaccinations, developed by India's Biological E as part of the Quad group of countries' commitment to providing shots around the world, will be available in the first half...

WHO Chief Tedros Discussed With Chinese Premier About Collaboration On Covid Origins

WHO Chief Tedros Discussed With Chinese Premier About Collaboration On Covid Origins
The Chief of the World Health Organization Tedros Adhanom Ghebreyesus has discussed the requirement for stronger partnership on the issue of ascertaining the origin of the Covid-19 pandemic with...

The Cashless Economy Paradox: A Renewed Reliance on Cash During COVID

The Cashless Economy Paradox: A Renewed Reliance on Cash During COVID
Despite initial predictions that the onslaught of the coronavirus would be the demise of physical money, people have turned to cash in this time of uncertainty. Historically, the amount of cash in...

People

Lee Newman, Dean of IE Business School

Lee Newman, Dean of IE Business School
“Education is about growth”

Musk Establishes A New Model Of 21st-Century Millionaire With Twitter As His Target

Musk Establishes A New Model Of 21st-Century Millionaire With Twitter As His Target
Elon Musk, an iconoclastic billionaire with a stable of firms ranging from electric automobiles to private rocket ships, has become the world's richest person by developing a fortune firmly anchored...

Botswana Sees No Surge In Covid Hospitalizations Despite It Being, One Of The First Countries To Detect Omicron

Botswana Sees No Surge In Covid Hospitalizations Despite It Being, One Of The First Countries To Detect Omicron
Despite being one of the first nations to identify the Omicron variant of thee coronavirus, Botswana has managed to fully vaccinate 71 per cent of its 1.3 million eligible people, according to the...

Musk Conducts Poll On Twitter About Selling Or Not Selling 10% Of His Tesla Stock

Musk Conducts Poll On Twitter About Selling Or Not Selling 10% Of His Tesla Stock
Elon Musk, the chief executive of Tesla Inc, resorted to asking his 62.5 million followers on Twitter, through a poll, about whether he should sell off 10 per cent of the stocks in Tesla that he...

Covid-19 Booster Dose Of Pfizer Cleared By US FDA For Older And At-Risk Americans

Covid-19 Booster Dose Of Pfizer Cleared By US FDA For Older And At-Risk Americans
The Food and Drug Administration of the United States approved a booster dose from the Pfizer Inc and BioNTech Covid-19 vaccine for individuals 65 years and older, as well as all those who are at...