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Companies & CEOs

De Beers boosts diamonds sales

S MAISOUE
According to preliminary corporate data, the global diamond giant De Beers boosted its diamond sales for the fifth business cycle of this year (June 6 to 21) by 7.6 percent in comparison to the prior cycle to $650 million. From May 2 to May 17, the...

US Kellogg's to divide business

Mike Mozart
Following the announcement that US Kellogg will be divided into three firms, the company’s shares went up by 6.5%. Shares of US Kellogg, which makes Pringles and Krave breakfast cereals, increased 6.5 percent before the market opened on the...

Ecuador oil corporation declares force majeure due to protests in the country

BERNARD GAGNON
Ecuador's state-owned oil business, Petroecuador, has halted operations owing to a declaration of force majeure in the aftermath of the country's recent demonstrations. Confederation of Indigenous Peoples of Ecuador (Conaie) protests against the...

Revlon files for bankruptcy

pxhere
Revlon, a cosmetics company, has filed for bankruptcy. Following the outbreak of the pandemic, the firm, which was formed 90 years ago, has seen a drop in sales. Revlon, the American cosmetics company founded in 1932, has filed for bankruptcy. The...
Markets & Industries

Bloomberg: Russia pushes Iraq out of Asian oil market

Artur1917
Due to significant price reductions on Russian energy resources, Asian importers started to choose Russia, which hurt Iraq's position on the market. According to Bloomberg, China and India, historically the primary consumers of Iraqi oil, increased...

Fed chief links refusal to raise rate to slowing inflation

Federalreserve
Jerome Powell, the chairman of the US Federal Reserve (Fed), stated that the watchdog will halt the crucial rate-hike cycle if it observes unmistakable indications of a slowdown in US inflation. The Fed now views a rate increase as a practical means...

Greek authorities to tax excess profits of gas suppliers

rawpixel.com
Greek gas suppliers' increased revenues will be subject to a 90 percent tax, according to the Ministry of Environment and Energy. A law to be tabled to parliament by the ministry envisages that a rise in the profit rate of gas supply businesses...

ECB to normalise monetary policy

European Central Bank via flickr
Christine Lagarde, the head of the European Central Bank (ECB), told the European Parliament committee that the ECB is moving toward normalizing but not tightening its monetary policy. "We are in the process of normalizing monetary policy," she...
In-depth coverage

The challenges Covid-19 is posing to learning, teaching, and working in society

At enlightED Virtual Edition 2020, leaders of higher education institutions discussed taking “a crash course into the future”
>>> Zoom on Earth

For Etienne Couëlle, “the public health and economic crises have demonstrated just how resilient Oberthur Fiduciaire is”

Having been recently appointed as General Manager of Oberthur Fiduciaire, Etienne Couëlle must deal with a global health crisis that is expected to continue impacting economies around the world. Our discussion with this key player in the global security printing provides insight into a business that is as discreet as it is innovative. What has been the impact of the public health an...
World & Politics

Developing countries are warned of economic default over loss of biodiversity on Earth

pixnio
According to a report posted on the website of the Public Policy Institute at Cambridge University, the loss of biodiversity on Earth as a result of floods, droughts, and widespread deforestation could have serious economic repercussions, including...

Inflation in South Africa reaches highest in 5 years

flickr.com/eriktorner
For the first time since January 2017, according to South Africa's national statistics office (SSA), the country's consumer price index finished May at 6.5 percent annualized, exceeding the inflation goal established by the country's central bank...

Elon Musk warns of recession risk for the US in the near future

NVIDIA Corporation
The world’s richest man, Elon Musk, who has a fortune valued at $213.9 billion according to Forbes Real-Time, suggested that a US recession may very possibly occur soon. "A recession will unavoidably occur at some time. The likelihood of one...

Turkey continues efforts to resolve grain problem

kremlin
During discussions with UN Secretary-General António Guterres, Turkish President Recep Tayyip Erdogan indicated that Ankara was continuing its efforts to settle the "grain crisis," according to the Turkish leader's office. "President Erdogan spoke...
Management & Strategy

Mining companies in Australia accused of failing to combat harassment

pixahive
A report on the conclusions of a significant investigation into sexual assault in the regional mining sector was issued by the State Government of Western Australia. According to the research, which looked at a number of complaints made by female...

3 strategies to stop procrastinating and get down to business

pxhere
You probably have a project that you keep putting off. Or there's a client you need to call and you've been delaying the call for days. Wait, you were also going to go to the gym more often! How do you get yourself to do what you need to do? Reason...

UK starts biggest experiment with four-day work week

pxhere
The largest experiment in implementing a four-day workweek has begun in the United Kingdom. According to The Guardian, the 4 Day Week UK program will involve 3,300 employees from 70 organizations. The 4 Day Week program is being held in the United...

Musk demands that Tesla's top managers leave their remote offices or resign

Ivan Radic
Musk wrote to Tesla's top managers about unacceptability of working remotely. The richest businessman in the world demanded that managers spend at least 40 hours a week at their workplace or quit their jobs. Tesla CEO Elon Musk demanded from top...