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Layoffs To Be Started At Morgan Stanley In Weeks Due To Slowing Dealmaking

According to a Reuters report quoting three people with knowledge of the plan, Wall Street giant Morgan Stanley will likely begin a new round of global layoffs in the coming weeks as dealmaking suffers as a result of rising inflation and the global economic downturn.   According to two...

ConocoPhilips Is A Partner In The QatarEnergy LNG Expansion Project

ConocoPhillips has been named as the third and final partner on QatarEnergy's North Field South expansion, a component of the largest liquefied natural gas (LNG) project in the history of the world, by the company's chief executive on Sunday.   According to Saad al-Kaabi, who spoke at a...

Twitter Will Change How It Verifies Users, According To Elon Musk

Just days after taking control of one of the most significant social media platforms in the world, Elon Musk announced in a tweet on Sunday that Twitter would change its user verification procedure.   Musk stated in a tweet that "the entire verification process is currently being revamped"...

China Rolls Out First Inhalable COVID Vaccine

A new type of COVID-19 vaccine that is administered via inhalation rather than injection was this week introduced in Shanghai, the commercial capital of China, in what is thought to be a first for the world.   In September, Chinese authorities gave their approval for CanSino Biologics'...

Porsche Expects A Successful 2023 As Its Nine-Month Profits Soar

Porsche predicted a successful 2023 as its capacity to raise prices protected it from the costs of supply chain hiccups. Porsche reported a 40.6% increase in operating profit to more than 5 billion euros ($5 billion) in the first nine months of 2022.   Even though it produced a 17.8% profit...

GM Suspends Paid Twitter Advertising For The Time Being

After Elon Musk successfully completed his takeover of the social media company, General Motors Co. declared that it had temporarily stopped running paid advertisements on Twitter.   The biggest car manufacturer in the United States stated that it was "engaging with Twitter to understand the...

The Fund Providers For Trump's Truth Social Platform

Since former US President Donald Trump founded a new media company to compete with Twitter, there has been speculation about who provided the funding. Trump, however, did not. So, who did it?   A stash of material submitted by attorneys representing William Wilkerson, a former executive who...

Uralsib Will Purchase Citi's Russian Personal Installment Loan Portfolio

Citigroup Inc said its Russian unit agreed to sell a portfolio of personal installment loans to commercial bank Uralsib as the major US lender seeks to exit the country and reduce its exposure to Russia.   If customers agree, the bank will also sell a portfolio of credit card balances....

At Twitter, Elon Musk handles free speech vs 'hellscape'

Elon Musk, the billionaire owner of Twitter Inc, was deluged with pleas and demands from banned account holders and world leaders just hours after launching a new era.   The flood of requests highlights the challenge that Tesla Inc's CEO faces in balancing a promise to restore free speech...

Investors Who Waited For Musk's Twitter Deal Will Be Rewarded

The world's richest man is about to make a swath of already wealthy investors even wealthier.   Firms that invest for wealthy clients, such as Pentwater Capital, Millennium Management, Adage Capital Partners, and Greenlight Capital, could earn hundreds of millions of dollars after Elon Musk...

Exxon's Record-Breaking Third-Quarter Profit Nearly Matches Apple's

Exxon Mobil Corp blew past expectations on Friday, posting a record-breaking quarterly profit that nearly matched that of tech behemoth Apple.   Its $19.66 billion net profit for the third quarter far exceeded recently raised Wall Street forecasts, as skyrocketing natural gas and high oil...

ANZ's Annual Income Increase Due To A Home Loan Increase And Higher Interest Rates

Australia and New Zealand Banking Group Ltd announced a larger annual cash profit, exceeding market expectations, with its home loan division getting better and higher interest rates increased the margins of the bank in the second half.   After an revamp to take...
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