Huawei, the Chinese telecoms giant, stated on Friday that sales for this year will be 634 billion yuan ($99 billion), down 28.9% from the previous year. Sanctions imposed by the United States, a semiconductor scarcity, and a global decline in… Read More ›
The British bank Santander got into the Holiday spirit this year by paying out £130 million ($175 million) in error to customers on December 25. Santander stated in a statement released Thursday that the total amount was spread among 75,000 transactions… Read More ›
In a statement Advanced Micro Devices Inc and Xilinx said, the former’s $35 billion all-stock deal for the latter is expected to close in the first quarter of 2022. Previously the deal was expected to closed by the end of 2021…. Read More ›
In a significant development a U.S. appeals court has revived a litigation wherein large banks had been accused of conspiring to rig the Libor interest rate benchmark, including during the 2008 financial crisis, to boost their profits at investors’ expense… Read More ›
According to public data, the iShares of ESG MSCI EM Leaders ETF saw heavy outflows this week, leading to a tenfold drop in the assets managed by the ETF focused on sustainable emerging-market companies. In September, Finland’s Ilmarinen Mutual Pension Insurance… Read More ›
From January 4, Germany will drop its demand for travellers from Britain to quarantine and provide a negative COVID-19 test – requirements that were imposed earlier in December during a surge of the Omicron coronavirus variant. In a tweet, the… Read More ›
In a statement IKEA said, it is raising the prices by around 9% following an increase in raw material prices and transportation costs. Previously, IKEA had said it was leasing more ships, buying more containers and re-routing goods between warehouses… Read More ›
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