Author Archives
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China’s Competing Agendas Are The Cause Of The Unusual Money Market Turmoil – Reuters
Beijing is under pressure to steer its economy and markets through a significant slowdown, which is why efforts to prevent the yuan from depreciating played a part in the turmoil that rocked the financial markets last week, according to Reuters… Read More ›
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Big Pickup Trucks Do A Lousy Job Of Keeping Rear Seat Passengers Safe, A Research Finds
The Insurance Institute for Highway Safety reported on Tuesday that testing measuring the safety of rear seat passengers in various incidents revealed that four large pickup vehicles performed badly. According to new moderate overlap front crash tests, the IIHS gave… Read More ›
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With Profits Increasing Over Two Folds, Inter IKEA Confirms Drop In Prices
The owner of the largest furniture company in the world, Inter IKEA, revealed on Friday that the company’s yearly profit more than doubled as cost pressures subsided, enabling it to lower prices and anticipate further reductions in the months ahead…. Read More ›
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Operating Earnings At Berkshire Hathaway Grow By 40%, While Cash Reserve Reaches A Record $157 Billion
Even while having a record amount of cash on hand, Berkshire Hathaway reported a sharp increase in operating profitability for the third quarter, as Warren Buffett saw few chances for deals. Operating earnings for the Omaha-based conglomerate, which include income from… Read More ›
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Hamburg’s Tower Building Being Suspended Is A Bad Indication For The German Real Estate Market
Another worrying indication for the nation’s struggling real estate market, the developer of one of Germany’s tallest skyscrapers abruptly stopped paying its constructor in the middle of the project. This year, construction on the 64-story Elbtower skyscraper in Hamburg has… Read More ›
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Hong Kong Conference Will See More Challenging Questions About China For Global Finance Heads
Amid geopolitical tensions and China’s economic slowdown, global investment bank and asset management bosses are getting back together in Hong Kong next week in an attempt to reposition themselves in the second-largest economy in the world and its offshore financial… Read More ›
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Airbnb Uses AI To Try To Stop Uncalled For House Parties
If you rented out your property for a few nights and then came back to discover that it was the scene of a wild house party, how would you feel? You would be furious, upset, or both as you gazed… Read More ›
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Groups And The COP28 Head Advocate Tripling The Capacity For Renewable Energy By 2030
As part of attempts to prevent global warming from rising above 1.5 degrees Celsius, the president of the COP28 climate summit next month and two organisations dedicated to renewable energy urged states on Monday to treble the capacity of renewable… Read More ›
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Foreign Minister Of China Says There Won’t Be An Easy Path To The Xi-Biden Summit
The “road to the San Francisco summit will not be a smooth one,” as China’s Foreign Minister Wang Yi put it on Sunday, alluding to the anticipated meeting between US President Joe Biden and Chinese President Xi Jinping. Wang agreed… Read More ›
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US-China Rivalry Encourages Space Technology Investment
According to NASA Administrator Bill Nelson, the US and China are “in a space race to go back to the moon.” Nelson says he wants to make sure “we get there first” in an interview with the BBC. His remarks… Read More ›
