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Category: Finance

Germany’s Economic Challenges and the Need for Innovation
Finance

Germany’s Economic Challenges and the Need for Innovation

February 4, 2024

Germany, Europe’s biggest economy, faced a setback as it shrank by 0.3% in the previous year. Although Germany narrowly avoided…

Malaysia reduces ex-PM Najib Razak’s jail term for 1MDB scandal
Finance

Malaysia reduces ex-PM Najib Razak’s jail term for 1MDB scandal

February 2, 2024

Former Malaysian prime minister Najib Razak’s jail sentence for corruption in connection with the 1MDB scandal has been halved by…

Chinese Billionaire Bao Fan Resigns Amidst Mysterious Disappearance
Finance

Chinese Billionaire Bao Fan Resigns Amidst Mysterious Disappearance

February 2, 2024

The sudden resignation of Chinese billionaire banker Bao Fan from his financial firm, China Renaissance Holdings Ltd, has raised several…

Meta’s Strong Wall Street Performance Amid Washington Controversy
Finance

Meta’s Strong Wall Street Performance Amid Washington Controversy

February 1, 2024

In a surprising turn of events, Mark Zuckerberg’s company Meta, formerly known as Facebook, experienced a triumphant day on Wall…

Impact of Houthi Attacks on Shipping in the Red Sea Region
Finance

Impact of Houthi Attacks on Shipping in the Red Sea Region

February 1, 2024

The repeated air strikes by the US and the UK against the Houthis in Yemen have not been successful in…

Tesla: Elon Musk’s Move to Shift the Company’s Legal Home to Texas
Finance

Tesla: Elon Musk’s Move to Shift the Company’s Legal Home to Texas

February 1, 2024

In a significant development, Elon Musk, the CEO of Tesla, has announced plans to relocate the electric car company’s legal…

The Potential Impact of AI Trading Bots on Investment
Finance

The Potential Impact of AI Trading Bots on Investment

February 1, 2024

Investing in the stock market has always carried risks, but the emergence of AI-powered trading bots raises new questions about…

Adidas plans to sell remaining Yeezy sneakers at cost price
Finance

Adidas plans to sell remaining Yeezy sneakers at cost price

February 1, 2024

Adidas has announced its plans to sell the remaining stocks of Yeezy sneakers, which were part of its partnership with…

PayPal Announces Job Cuts Amidst Increasing Competition
Finance

PayPal Announces Job Cuts Amidst Increasing Competition

January 31, 2024

In a move to “right-size” the company and face growing competition from rivals such as Apple, Zelle, and Block, PayPal…

Elon Musk’s $56bn Tesla Compensation Package Overturned by Court
Finance

Elon Musk’s $56bn Tesla Compensation Package Overturned by Court

January 30, 2024

In a groundbreaking decision, a judge in the US state of Delaware has invalidated the whopping $56 billion pay deal…

UPS Announces Job Cuts Amid Challenging Year
Finance

UPS Announces Job Cuts Amid Challenging Year

January 30, 2024

In a move that reflects the challenges faced by parcel delivery firm UPS in the past year, the company has…

EU Opposition Forces Amazon-iRobot Deal to be Scrapped
Finance

EU Opposition Forces Amazon-iRobot Deal to be Scrapped

January 29, 2024

In a significant turn of events, Amazon has announced that it is abandoning its plan to acquire vacuum maker iRobot…

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