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Latest News & Analysis
Innovation & Tools
Apple to integrate Google's AI model into iPhone
Markets & Industries
Commodity traders earn $100bln in 2023
World & Politics
UN: At least 1.1 million people in Gaza are at risk of starvation
Companies & CEOs
JPMorgan fined $350mln for violations in monitoring operations
JPMorgan Chase & Co. was fined $348.2 million by the Office of the Comptroller of the Currency and the Federal Reserve System for lacking adequate oversight over trading activities. Regulators stated that the fine from the Fed was $98.2 million...
Apple to expand applied research lab in China
Xinhua News Agency writes that Apple Inc. intends to build a new lab in Shenzhen and expand its applied research facility in Shanghai by 2024. According to Isabel Ge Mahe, vice president and managing director of Apple for the region, these labs...
Saudi Aramco posts net profit second largest in the company's history
The Saudi state-owned oil corporation, Saudi Arabian Oil Co. (Saudi Aramco), reported its second-highest net profit in company history in 2023. Net profit for the corporation last year was $121.3 billion in contrast to a record $161.1 billion the...
European Commission fines Apple more than €1.8 billion
According to a press release from the European Commission (EC), Apple Inc. has been fined more than €1.8 billion for abusing its dominant position in the music streaming services market for the iPhone and iPad. The watchdog discovered that Apple has...
Markets & Industries
Commodity traders earn $100bln in 2023
According to calculations made by the consulting firm Oliver Wyman, businesses involved in commodity trading made $100 billion in profits overall by the end of 2023. This is the second-highest figure after the record-breaking year of 2022, when...
NIUS: Number of bankrupt companies rises in Germany
According to the German newspaper NIUS, the number of bankrupt companies in Germany has been in the double digits for the past year and a half, and there is every reason to anticipate that it will continue to rise. There were 17,814 German company...
US airlines expect to reduce airplane deliveries due to Boeing's problems
A number of American airlines have stated that they anticipate a decrease in aircraft deliveries in 2024 because of Boeing's issues. Southwest Airlines announced on March 12 that it had received word from Boeing that, contrary to expectations, the...
Gartner expects global electric vehicle sales to grow above 20 million in 2025
According to research firm Gartner, shipments of electric vehicles worldwide would rise to 18.4 million units in 2024 and 20.6 million in 2025. Global sales of electric vehicles exceeded 15 million in 2023. 15% of electric car startups that were...
In-depth coverage
Mittelstand, Germany’s Hedge Against Crisis
It’s a stormy weather for Europe's biggest economy right now: Germany is facing a recession as high energy costs are becoming a huge burden, for the country's industrial companies especially. All this would be spelling trouble for the entire region if not for the Mittelstand, a bunch of stable German businesses that keep working hard and inspire others.When it comes to discussions about a Germa...
>>> Zoom on Earth
World & Politics
UN: At least 1.1 million people in Gaza are at risk of starvation
In the Gaza Strip, at least 1.1 million people are in danger of starvation because they have run out of food, said UN Secretary General António Guterres in a New York discussion with the media regarding the Gaza conflict. Experts on food insecurity,...
Putin wins Russian presidential election in Crimea
Putin wins the presidential election in Crimea after completing all protocol. After all procedures are completed, Vladimir Putin receives 93.60 percent of the vote to win the Crimean election, according to the election commission of the region's...
China condemns US bill to ban TikTok
The Global Times writes that China's Foreign Ministry has denounced a US law that would result in the TikTok app being banned in the nation, claiming it is unjust to use national security concerns as an excuse. The US bill that compel TikTok's...
IMF plans to choose new head by the end of April
The International Monetary Fund (IMF) declared the start of the application process for the position of managing director. Candidates may be nominated by members of the Fund's Executive Board or Board of Governors, per the rules. Applications will...
Management & Strategy
Shell's head earns over $10 mln in 2023
The company reported that Wael Sawan made a total of 7.94 million pounds ($10.1 million) in his first year as Shell's CEO. Sawan receives a basic pay of 1.4 million pounds, an annual bonus of 2.7 million pounds, and a bonus of 2.6 million pounds in...
US pharma company AbbVie changes CEO
Board of directors of the US pharmaceutical giant AbbVie voted in favor of elevating Robert Michael, current president and chief operations officer, to the position of CEO. Richard Gonzalez, the current CEO, has held the role since the company's...
IBM demands managers in the US go back to working in offices
According to Bloomberg, which cites an internal company document, International Business Machines Corp. (IBM) has mandated that its managers in the United States resume working in offices. Even if they are permitted to work from home, managers are...
JPMorgan to reorganize business and change senior management team
US bank JPMorgan Chase & Co announced senior management changes and a corporate reorganization. According to a press release from the bank, Troy Rohrbaugh, co-head of Markets and Securities, and Jennifer Piepszak, co-head of Consumer and...
Most Popular
Chevron to set up hydrogen production using solar energy
03/04/2024
WSJ: The world will soon experience second "China Shock" with abundance of cheap goods
03/04/2024
Nigeria demands $10B in compensation from Binance
03/04/2024
India's October-December GDP growth accelerates to 6-quarter high
03/01/2024
OpenAI unveils AI system for creating video from text
02/19/2024
Innovation & tools
Innovation & Tools
Mercedes-Benz is testing humanoid robots at a factory in Hungary
European Parliament approves world's first law to ban unacceptable use of AI
OpenAI unveils AI system for creating video from text
Global tech sector companies lay off over 34,000 people since the year beginning
Discovery
Discovery
Bloomberg lists key economic risks for 2022
Researchers: LEGO sets are better investment than gold and bonds
Expert: Fertilizers shortages could cause famine in the world's poorest countries
OIV: Global wine production will be extremely low in 2021
Reuters: China uses Australian coal despite refusing to import it
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