Mon 07 October 2019: HSBC is planning to lay off up to 10,000 staff, a report said Monday, just weeks after announcing the resignation of its chief executive and the cutting of 4,000 posts citing a weak global outlook. The latest losses, mostly in high-paid roles, are part of a fresh cost-cutting drive by interim […]
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Sat 05 October 2019: United States payments processor PayPal Holdings Inc said on Friday it is leaving the Libra Association, making it the first member to exit from the Facebook-led effort to build a global digital currency. PayPal said it would forgo any further participation in the group and would instead focus on its own core businesses. […]
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Fri 16 August 2019: Since companies’ profits are based on how much consumers like their products, some businesses have taken their strategy one step further and utilize artificial intelligence in marketing The areas where artificial intelligence (AI) is being used continues to expand to the extent that it is now present in every part of […]
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Wed 14 August 2019: Transaction will give Saudi Arabia a one-fifth stake in world’s biggest oil refinery If big is beautiful, oil deals don’t come much prettier than Saudi Arabian Oil Co.’s plan to buy 20 per cent of Reliance Industries Ltd.’s petroleum business. The transaction will give the world’s biggest oil producer a one-fifth […]
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Tue 13 August 2019: An Israeli-owned company with goldmining interests in South Sudan was dealt a blow after Court of Appeal in Kenya said the High Court had no jurisdiction to hear a suit it filed against a UK logistics firm. The Court of Appeal has upheld a preliminary objection to the suit by Misnak […]
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Sat 10 August 2019: The trade war between Washington and Beijing took an unexpected turn this week as China let its currency drop sharply and the United States responded by officially designating the country a currency manipulator. The confrontation underscored the Trump administration’s focus on weakness in foreign currencies — and the corresponding strength of […]
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Sat 22 June 2019: If Facebook’s new cryptocurrency should resonate anywhere it should be India, where the social media giant has more than 300 million followers. Many Indians are shut out of banking and face punitive fees for simple transactions, like transferring money to their loved ones. But in India as elsewhere, the US company’s […]
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Thu 30 May 2019: KLP, Norway’s largest pension fund, said on Tuesday it will no longer invest in gambling companies and alcohol makers, and recently sold stocks and bonds in such firms worth about $320 million. The decision affects around 90 companies, which have been added to KLP’s exclusion list alongside industries it previously divested […]
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Fri 17 May 2019: LONDON (Reuters) – A surge in palladium prices has thrown struggling South African mining companies a lifeline. But it may not be enough. Besides patchy power supplies and high labor costs, South African miners are saddled with ore that typically produces twice as much platinum as palladium – just at a […]
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Wed 15 May 2019: The ‘Hunger Games’ star sold a Santa Monica condo and is reportedly in the market for a NYC home Jennifer Lawrence, recently crowned the world’s highest-paid actress for the second year in a row, is still working on her real estate game. The “Hunger Games” star—who, according to Forbes, made $46 million […]
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