Thursday, December 5, 2024

Business

Citibank mistakenly sent a hedge fund of 175 million dollars

Citibank is facing a significant problem because it wrongly sent 175 million dollars to Brigade Capital Management, and the hedge fund didn't give back the amount. On Monday, the American banking giant submitted a lawsuit in New York's Southern District,...

Japan faces the adverse GDP contraction but still better than other

Due to ongoing pandemic COVID-19, Japan just declared its poorest fall in GDP (Gross Domestic Product). On Monday, the Cabinet of the country described that the third biggest economy of the world decreased to 7.8 percent in the 2nd...

Gold prices touching all-time peak level because of anxious investors

On Wednesday, gold prices are still surging their scintillating, now rallying again to reach another high level of more than 1,950 dollars per ounce. A novel height of prices above 2,000 dollars looks unavoidable, and manufacturers can thank incentive from...

Qantas airline to cut 20% of its employees and growing 1.3 billion dollars amid COVID-19

Qantas, the world’s third oldest airline, is losing 6,000 of its employees and operating to boost up to 1.3 billion USD (1.9 billion Australian dollars) as flights are facing severe situations to pass through the pandemic Coronavirus. Qantas is cutting...

No one got fired when Volkswagen created a racist ad

On Thursday, Volkswagen, a German automaker, blamed the 'absence of procedural faults and lack of sensitivity' for its failure to avert the publication and creation of footage based on racist content but opposed calls to fire those in charge. Last...

Japan’s economy shrank less than previously announced

On Monday, Japan declared that its economy shrank in January-March at a yearly rate of 2.2 percent, which is a smaller amount than initially predicted. An update made from the Cabinet Office that was an enhancement on 3.4 percent contraction...

NetEase seeks almost 3 billion dollars in Hong Kong listing

Next week, a Chinese gaming company, NetEase, is scheduling a secondary listing on the stock market of Hong Kong, for its shares because Chinese companies’ security on Wall Street is very intense amid China-US critical tensions. NetEase gaming Inc. described...

Two Ford plants suspended production as workers test positive for Coronavirus

Ford is going to stop its production in two factories, just after when it opened its American assembly plants due to the detection of Coronavirus in its employees. On Tuesday afternoon, there is one factory in Chicago that develops Ford...

Avianca, the second oldest airline, driven to bankruptcy amid COVID-19

On Sunday, the second biggest airline of Latin America, filed for bankruptcy when they failed to reach payment due date, while its appeal for COVID-19 relief from the government of Columbia, but got disappointed. In case if it didn’t get...

Dow Jones futures climb as investors focus on restarting the economy

On Tuesday morning, stocks increased as investors continued concentrated in restarting the economy of the United States. For the future, the Dow Jones Industrial Average (DJIA) ramped up 240 points means that it is the Tuesday’s reopening gain of around...

Latest News

It Would Be a Mistake For Israel To Occupy Gaza – President Biden

The United States officials claim that President Biden said the occupation of Gaza by Israeli forces would not be...