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Growing Hostilities In The Middle East Are A New Shock To Global Markets

This Week's Tech Earnings Explosion Highlights The Mounting Issues At Google And Tesla

Slowing EV Growth Forces GM And Ford Rely On Gasoline-Powered Trucks

Trades In Bitcoin Ignore "Halving" In Favor Of More Significant Market Dangers

Netflix Will No Longer Release Subscriber Numbers As The Streaming Conflicts Fade

Nissan Lowers Its Projected Yearly Operating Profit By 14.5% Due To Slow Sales

Governments Need To Mediate Local Support For Miners, According To An Industry Organisation

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

Companies
Twitter Asserts Musk Is 'slow-Walking' Through His $44 Billion Deal Trial

Twitter Asserts Musk Is 'slow-Walking' Through His $44 Billion Deal Trial

According to a court filing, Twitter Inc accused Elon Musk of attempting to "slow walk" the company's case to make him accountable for his $44 billion takeover and demanded a September trial to ensure deal financing remains in place.   "Millions of Twitter shares trade daily under a cloud of...
Didi To Be Fined Over $1 Billion For Data Breach In China: Reports

Didi To Be Fined Over $1 Billion For Data Breach In China: Reports

According to persons familiar with the situation, Chinese authorities are planning to punish Didi Global more than $1 billion, putting an end to an investigation into the firm's cybersecurity procedures.   According to the sources, the fine would be over 8 billion yuan ($1.28 billion),...
Goldman's Earnings Reduced By Half But Still Exceeds Expectations As Fixed-Income Trading Shines

Goldman's Earnings Reduced By Half But Still Exceeds Expectations As Fixed-Income Trading Shines

Goldman Sachs Group Inc reported a smaller-than-expected 48 per cent drop in second-quarter earnings on Monday, buoyed by gains in fixed-income trading as investors realigned their bets despite volatile market conditions.   The global markets unit, which includes Goldman's trading desks,...
Microsoft's CEO Predicts A "New Era" Of A Stagnant Labour Pool

Microsoft's CEO Predicts A "New Era" Of A Stagnant Labour Pool

In an interview with Reuters, Microsoft Corp. President Brad Smith said that the United States is entering a "new epoch" in which fewer people are joining the labour and the demand to pay higher wages may become permanent.   Smith noted one source of today's "increased economic volatility"...
Shareholders Of Sainsbury's Vote Down The Firm Committing To Paying A Real Living Wage

Shareholders Of Sainsbury's Vote Down The Firm Committing To Paying A Real Living Wage

At Sainsbury's annual general meeting earlier this week, shareholders of the company voted to prevent a special resolution calling for Britain's second-largest supermarket firm to pledge to paying the so-called real Living Wage to all employees by July 2023.   According to the...
A Criminal Complaint Has Been Filed Against UBS For DRC-Linked Money

A Criminal Complaint Has Been Filed Against UBS For DRC-Linked Money

Three organisations have filed a criminal complaint with Swiss federal prosecutors, alleging that UBS failed to exercise due diligence in respect to cash received by an accused associate of former Congolese President Joseph Kabila.   The case, filed jointly by the Swiss campaign group Public...
Tesco And Heinz Achieve A Price Accord

Tesco And Heinz Achieve A Price Accord

Tesco and Heinz have achieved a deal that will see some of the UK's most well-known goods return to Tesco's shelves in the coming days. Heinz beans and tomato ketchup were among the items that had vanished from Tesco's shelves due to a pricing dispute.   Tesco declined to disclose whether...
Twitter Has Vowed To Sue Musk When He Walks Out Of A $44 Billion Contract

Twitter Has Vowed To Sue Musk When He Walks Out Of A $44 Billion Contract

Elon Musk, Tesla's CEO and the world's richest person, announced on Friday that he was cancelling his $44 billion proposal to buy Twitter because the social media business violated multiple clauses of the merger agreement.   Bret Taylor, Twitter's chairman, stated on the microblogging...
UK's BII Will Invest In A New Mahindra EV Segment Valued At $9 Billion

UK's BII Will Invest In A New Mahindra EV Segment Valued At $9 Billion

Mahindra and Mahindra Ltd and British International Investment (BII) will each invest up to $250 million in the automaker's new electric car segment, valued at $9.1 billion, sending Indian shares jumping on Friday.   BII will own 4.8 per cent of the company, which will specialise on...
Tesla Sells An All-Time High ‘Made In China’ Vehicles In June

Tesla Sells An All-Time High ‘Made In China’ Vehicles In June

Tesla scored its greatest monthly sales of China-made automobiles in June since opening its Shanghai facility in 2019, according to data released on Friday, as the American automaker ramped up output that had been impacted by the city's COVID-19 lockdown.   According to the China Passenger...
Chips Help Samsung To Record The Largest Q2 Profit Since 2018, But Says Demand Is Cooling

Chips Help Samsung To Record The Largest Q2 Profit Since 2018, But Says Demand Is Cooling

Samsung Electronics Co Ltd of South Korea reported its biggest April-June profit since 2018, boosted by robust sales of memory chips to server customers even as demand from inflation-hit smartphone makers cools.   Following the release of preliminary results, shares of the world's top...
Amazon Partners With Just Eat On Meal Delivery In The United States, And Grubhub Invests

Amazon Partners With Just Eat On Meal Delivery In The United States, And Grubhub Invests

Amazon has agreed to buy a 2 per cent share in Just Eat Takeaway.com's failing US meal delivery service Grubhub and will provide Prime members with access to the service for a year.   Just Eat Takeaway's shares have dropped 70% this year as shareholders requested that it sell or find a...
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World

Global Warming Causes The First 12-Month Period Above 1.5C

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

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

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 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

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

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

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

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

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

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...