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Companies & CEOs

EdTech companies in China plummet after new regulations

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Shares in Chinese education technology (EdTech) companies plummeted after the country's authorities announced new regulations for the sector. Thus, quotations of Hong Kong market leader New Oriental Education & Technology fell by 66% in two...

iHerb files for IPO

may bird
Marketplace iHerb, which specialises in selling health products, vitamins and mineral supplements, has filed for an IPO with the US Securities and Exchange Commission. The company has not yet determined how many shares it will put up for sale and...

Twitter reports fastest revenue growth since 2014

Ctrl blog
Twitter's revenue grew 74% year-on-year in the quarter, the fastest growth since 2014. The company noted a significant increase in advertiser interest in the social network. Twitter posted financial results for the second quarter of 2021. The...

Coca-Cola reports profit growth in the first half of the year

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The Coca-Cola Company, the world's largest soft drink maker, saw its net profit attributable to shareholders rise 7% year-on-year to $4.886 billion in the first half of 2021 (ended 2 July), the company said in a statement. Diluted earnings per share...
Markets & Industries

UN names causes of global food shortages

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UN Secretary-General António Guterres has called climate change and political conflict both a consequence and a major cause of poverty, income inequality and high food prices around the world, the Associated Press quoted the Portuguese politician as...

World's biggest brewers bet on non-alcoholic beverages

pixnio
The world's biggest brewers Anheuser-Busch InBev and Heineken have bet on non-alcoholic beverages to restore sales after the pandemic. According to Reuters, the makers plan to support the growing trend towards healthier lifestyles with a new...

World's largest crypto exchange to stop trading in tokenized stocks

QuoteInspector.com
The cryptocurrency exchange Binance will stop trading in tokenized stocks, that is, blockchain records that are linked to real securities. It is no longer possible to buy such assets on Binance, and users have been given three months to get rid of...

Oil market may face supply shortages

Piqsels
Demand growth is already far outstripping production growth, according to a report by the International Energy Agency (IEA). Global oil demand rose by 3.2m bpd to 96.8m bpd in June, according to a July report from the International Energy Agency....
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

WSJ: Tokyo Games to become most expensive summer Olympics in history

Max Pixel
The cost of hosting the Tokyo Olympics, according to Japanese government auditors, exceeds $20 billion, The Wall Street Journal reported. Thus, the current games will be the most expensive summer Olympics in history. Previously, Japanese authorities...

World's biggest tobacco company says the UK should ban cigarettes

Oleg Dubyna
Executives at Philip Morris International, the world's largest tobacco company, said the UK should act on cigarettes as it does on petrol-powered cars - ban them in the next ten years. According to The Daily Telegraph, this was announced by CEO...

UK to reduce its stake in NatWest Bank

Howard Lake
The UK government is set to sell another stake in its NatWest Group (formerly The Royal Bank of Scotland Group). The cabinet unveiled a plan under which the sale of shares is due to start in August and will last 12 months until August 2022. It has...

South Korea's economy shaken by heatwave

Free Images
The extreme heat and outages at nuclear power plants promise huge losses for South Korea's economy. To avoid overloads in the energy system, the country's authorities are urging citizens and the industrial sector to reduce electricity consumption...
Management & Strategy

McDonald's sets up new department to work on app and loyalty system

JIP
McDonald's fast-food chain has announced creation of a new division, the so-called Customer Experience Team. It will combine work on the McDonald's app and the recently launched MyMcDonald's Rewards loyalty scheme and will also include marketing,...

Employees start fleeing Credit Suisse, senior manager forced to apologise

Cayambe
Employees have started fleeing the Middle East and African offices of European bank Credit Suisse, Bloomberg says. Analysts cite resentment at the style of Bruno Daher, head of the Middle East office, as one of the reasons. According to the...

Simple rules to apply science of persuasion

pxhere
Some people seem to possess a magic wand when it comes to persuading others. In reality, it's not magic, but a science that can be learned. The human brain has three layers. The bottom one, the reptilian brain, provides the "hit or run" response....

Bank of England staff will work in the office one day a week

It's No Game via flickr
From September this year, the Bank of England will change the working hours of its staff: most of them will only need to be in the office one day a week, all other days they will be able to work remotely. The change was announced by the bank's chief...