Major South Korean companies say they are suffering as a strike by thousands of truck drivers across the country enters its seventh day. Among the companies impacted by the strike are Hyundai and POSCO, both of which manufacture steel. As… Read More ›
Russia surpassed Saudi Arabia in becoming India’s second largest oil supplier in May, although it remains second only to Iraq, according to trade sources. According to the data, Indian refiners received about 819,000 barrels per day (bpd) of Russian oil… Read More ›
The European Central Bank is anticipated to reaffirm its decision to hike interest rates next month, as policymakers gather in Amsterdam for their first meeting outside of Frankfurt since the coronavirus outbreak began. While inflation in the 19-member eurozone reached… Read More ›
The CEO of Goldman Sachs-backed digital bank Starling has stepped up his condemnation of cryptocurrency, calling it a threat to the security of payment systems. “It is very dangerous,” Anne Boden, who founded Starling in 2014, warned Tuesday at the… Read More ›
US retailer Target told investors on Tuesday that its profitability will suffer in the short term as it discounts undesired items, cancels orders, and takes aggressive measures to get rid of excess inventory. The company reduced its profit margin forecast for… Read More ›
Retailer Kohl’s has revealed that it has entered into exclusive talks with retail holding group Franchise Group, which wants to buy the retailer for $60 per share. Kohl’s would be valued at around $8 billion at such a price. Kohl’s… Read More ›
After EU governments and politicians agreed on Tuesday to a single mobile charging port for mobile phones, tablets, and cameras, Apple will be required to replace the connector on iPhones sold in Europe by 2024. After corporations failed to reach… Read More ›
According to reports based on a letter and persons familiar with the matter, Russia’s Sberbank has delayed to process the first payment from Indian Potash Ltd (IPL) under a contract put up before the Ukraine war to allow IPL to… Read More ›
As experts predict another recession, European venture capitalists are advising start-ups in their portfolios to slash costs and freeze employment. Their Silicon Valley counterparts are doing the same. Following a bumper 2021 filled with IPOs and huge fundraising rounds, several… Read More ›
Sri Lanka is urging farmers to increase rice production as the country faces its worst economic crisis in more than 70 years. The country’s agriculture minister issued the appeal, claiming that the country’s “food situation is deteriorating.” It comes as… Read More ›
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