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Category: Finance

Nikola Founder Trevor Milton Sentenced to Prison for Fraud
Finance

Nikola Founder Trevor Milton Sentenced to Prison for Fraud

December 19, 2023

The founder of Nikola Corporation, Trevor Milton, has been sentenced to four years in prison after being convicted of fraud.…

Maersk Suspends Red Sea Journeys Amid Heightened Security Concerns
Finance

Maersk Suspends Red Sea Journeys Amid Heightened Security Concerns

December 15, 2023

Maersk, the Danish shipping company, has decided to pause all journeys through the Red Sea due to a recent string…

Gazprom’s Profit in North Sea Raises Concerns and Fuels Political Tensions
Finance

Gazprom’s Profit in North Sea Raises Concerns and Fuels Political Tensions

December 15, 2023

Gazprom, the Russian energy giant, made a significant profit of £39 million from its gas field in the North Sea.…

India Tycoon’s Divorce Settlement Threatens Fortune
Finance

India Tycoon’s Divorce Settlement Threatens Fortune

December 14, 2023

Gautam Singhania, a renowned Indian textile tycoon, faces the risk of losing 75% of his $1.4 billion fortune due to…

Etsy’s Job Cuts: Impact on the Online Marketplace and What to Consider
Finance

Etsy’s Job Cuts: Impact on the Online Marketplace and What to Consider

December 14, 2023

Etsy, the popular online marketplace, recently announced its decision to lay off 11% of its staff, amounting to approximately 225…

Airbnb reaches €576m settlement with Italian tax authorities
Finance

Airbnb reaches €576m settlement with Italian tax authorities

December 13, 2023

Accommodation platform Airbnb has agreed to pay €576m ($620m) to the Italian tax authorities to settle a tax dispute. The…

Germany Implements Budget Cuts to Meet Financial Obligations
Finance

Germany Implements Budget Cuts to Meet Financial Obligations

December 13, 2023

Germany’s coalition government led by Chancellor Olaf Scholz has reached an agreement to address the budget crisis after intense negotiations.…

Argentina’s New Government Takes Drastic Measures to Tackle Economic Crisis
Finance

Argentina’s New Government Takes Drastic Measures to Tackle Economic Crisis

December 13, 2023

In a bold move to address Argentina’s worst economic crisis in decades, the country’s new president, Javier Milei, has announced…

The BBC’s Restructure in India: What It Means for Foreign Investment Rules
Finance

The BBC’s Restructure in India: What It Means for Foreign Investment Rules

December 12, 2023

The BBC has announced a major restructure of its operations in India to comply with the country’s foreign investment rules.…

Hasbro Announces Job Cuts in Response to Weaker Sales and Market Challenges
Finance

Hasbro Announces Job Cuts in Response to Weaker Sales and Market Challenges

December 12, 2023

Hasbro, the US toy giant known for iconic brands like Transformers and Monopoly, is set to cut approximately 1,100 jobs…

Zimbabwe’s Economic Turmoil: Evaluating the Impact of Mthuli Ncube’s Best Finance Minister Award
Finance

Zimbabwe’s Economic Turmoil: Evaluating the Impact of Mthuli Ncube’s Best Finance Minister Award

December 11, 2023

Zimbabwe, a country plagued by economic turmoil, recently faced a shocking turn of events when its Finance Minister, Mthuli Ncube,…

Smile Direct Club Faces Bankruptcy: What Customers Need to Know
Finance

Smile Direct Club Faces Bankruptcy: What Customers Need to Know

December 10, 2023

Smile Direct Club, the dentistry aligners firm, has recently announced its shutdown after months of filing for bankruptcy in the…

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