Category: Business

French Car Market Hammered 18%, Global Auto Industry In Meltdown
26. 2. 2020 No Responses

French Car Market Hammered 18%, Global Auto Industry In Meltdown

While China may have led the charge in dragging the global automotive industry deeper into recession than it already was pre-coronavirus, equally ugly numbers are starting to pop up in other parts of the world. For instance, the French car...
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UK’s Vodafone and Other Telcos Fight for Survival
24. 2. 2020 No Responses

UK’s Vodafone and Other Telcos Fight for Survival

UK’s Vodafone, Other Telcos Fight for Survival as Indian Government Sends Notice on $20.4 Billion Dues. Vodafone’s global CEO Nick Read said last November that there had been a “very challenging situation for a long time” in India. Almost a...
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Sweden Starts Testing of World’s First Blockchain-Based National Cryptocurrency
21. 2. 2020 No Responses

Sweden Starts Testing of World’s First Blockchain-Based National Cryptocurrency

Stockholm’s move comes amid growing concerns among governments, central banks and even intelligence agencies that cryptocurrencies could pose a major threat to traditional global financial structures and institutions backed by the dollar. Sweden’s Riksbank...
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Morgan Stanley Buys E-Trade For $13 Billion
20. 2. 2020 No Responses

Morgan Stanley Buys E-Trade For $13 Billion

Tired of being outmaneuvered by its formidable longtime rival, Goldman Sachs, Morgan Stanley has epically one-upped the Vampire Squid with a deal to buy E*Trade Financial Corp. in what would be the largest takeover by major US bank since the...
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EU Auto Registrations Plunge Into Abyss
19. 2. 2020 No Responses

EU Auto Registrations Plunge Into Abyss

For months we have been commenting about how the global auto market is mired in recession. Most recently, we have been highlighting how China, one of the world’s largest economies and auto markets, has been exacerbating things with terrible sales numb...
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Franklin Resources To Purchase Legg Mason, Forming $1.5 Trillion AUM Giant
18. 2. 2020 No Responses

Franklin Resources To Purchase Legg Mason, Forming $1.5 Trillion AUM Giant

Franklin Resources To Purchase Legg Mason, Forming $1.5 Trillion Assets Under Management Giant Franklin Resources Inc. announced Tuesday that it has entered into a definitive agreement to acquire Legg Mason, Inc. for $50 per share, or about $4.5 billion, in...
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Alstom is buying Bombardier rail unit for up to $6.7 billion
18. 2. 2020 No Responses

Alstom is buying Bombardier rail unit for up to $6.7 billion

France’s Alstom SA has agreed to buy the rail division of Canada’s Bombardier Inc for up to 6.2 billion euros ($6.7 billion) to create the world’s No. 2 train manufacturer and better take on Chinese leader CRRC Corp. The cash...
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Xiaomi launched Mi 10 and MI 10 PRO with 108 MPix camera
13. 2. 2020 No Responses

Xiaomi launched Mi 10 and MI 10 PRO with 108 MPix camera

The Xiaomi Mi 10 Pro is the Chinese manufacturer’s brand-new high-end device, offering premium specs all around, including Qualcomm’s new top-end Snapdragon 865 chipset and a 6.67-inch Super AMOLED capacitive touchscreen display with FHD+ resolution. In t...
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Airbus steamrolled Boeing with record jet deliveries
13. 2. 2020 No Responses

Airbus steamrolled Boeing with record jet deliveries

Boeing’s European rival Airbus wants to break its own record and bring aircraft deliveries to a new all-time high in 2020, as the American planemaker continues to struggle with the aftermath of the 737 MAX crisis. Airbus’s clients received a...
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T-Mobile Wins Court Approval for $26.5 Billion Sprint Deal
11. 2. 2020 No Responses

T-Mobile Wins Court Approval for $26.5 Billion Sprint Deal

T-Mobile US Inc. won court approval for its $26.5 billion takeover of Sprint Corp., defeating a state-led lawsuit that sought to block the industry-altering wireless deal. Shares of Sprint soared 66% to $7.95. The decision by a district judge in Manhattan...
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Less than 20% of employees expected to return to work in mainland China
10. 2. 2020 No Responses

Less than 20% of employees expected to return to work in mainland China

Less than 20% of Chinese factory employees would return to work after an extended Lunar New Year break due to the coronavirus outbreak, and many components plants in China have decided not to restart production until February 25 despite being...
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Phillipines’ Duterte to Order Termination of Defence Agreement With United States
8. 2. 2020 No Responses

Phillipines’ Duterte to Order Termination of Defence Agreement With United States

Since his election in 2016, President Rodrigo Duterte has reshaped the relationship between the Philippines and the United States: in late January 2019 he reportedly threatened to end a 1999 military agreement with Washington after it cancelled a tourist visa....
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Gasmaggedon sweeps over global gas market
6. 2. 2020 No Responses

Gasmaggedon sweeps over global gas market

China’s state-owned gas importers are considering declaring force majeure on LNG imports, which would amplify the turmoil in global gas markets. Shipments of oil and gas are backing up at Chinese ports, which is creating ripple effects across the world....
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India Announces $40 Billion Emergency Fiscal Injection
3. 2. 2020 No Responses

India Announces $40 Billion Emergency Fiscal Injection

India Announces $40 Billion Emergency Fiscal Injection As Economy Plunges.  India’s economy is rapidly decelerating and could be headed for a financial crisis. As an emergency response to plunging growth rates and falling energy consumption, along with ...
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Chevron loses $6.6B after huge writedown of North American shale
31. 1. 2020 No Responses

Chevron loses $6.6B after huge writedown of North American shale

Chevron posted a massive fourth-quarter loss after taking $10.4 billion worth of writedowns related to North American shale projects. The San Ramon, California-based oil giant lost $6.6 billion, or $3.51 a share, in the three months through December as reve...
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