Author Archives
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25% Pay Hike For Almost Two Million Workers Of Germany
Almost 2 million workers in Europe’s largest economy will get significant wage increases. Following protracted coalition discussions, three German political parties agreed to create a new government on Wednesday, with left-leaning Social Democrat Olaf Scholz expected to succeed Angela Merkel… Read More ›
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‘Artificial Tightness’ In Energy Markets Criticises IEA Chief
The chairman of the world’s largest energy authority has criticized “artificial tightness” in energy markets for failing to take a supportive stance to calm skyrocketing oil and gas prices. ″[A] factor I would like to underline that caused these high… Read More ›
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Release Of Global Oil Reserves Is ‘A Drop In The Ocean’, Says Goldman Sachs
According to Goldman Sachs analysts, a coordinated release of government oil reserves by a number of oil importing countries headed by the United States may add approximately 70 million to 80 million barrels of crude supply to the market, which… Read More ›
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Plans Of Building A $17 Billion Chip Plant By Samsung In Texas Now Afoot
In an effort to enhance its production capacity and alleviate the worldwide chip shortage, Samsung plans to build a $17 billion semiconductor facility in Taylor, Texas, over the next three years. The 5 million square metre project was disclosed by… Read More ›
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Israeli Spyware Company NSO Group Sued In US By Apple
Apple has filed a lawsuit against Israeli spyware business NSO Group and its parent company for allegedly using a hacking tool to target iPhone users. The Pegasus software from NSO can infect both iPhones and Android devices, giving operators access… Read More ›
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$500 Mln Raised In Funding Round By Alternative Meat Maker Impossible Foods
The alternative meat maker Impossible Foods has secured more than $500 million in a fundraising round recently that was led by its current stakeholder Mirae Asset Global Investments. This successful funding round clearly indicates the rise in investor interest in… Read More ›
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Next Week Could Be The Worst For Bitcoin In Months Due To Impending Mt Gox Payouts
With traders and investors booking profits following a long rally and amid fears among them that their payments may be liquidated by the creditors of collapsed crypto exchange Mt Gox, the value of bitcoin dropped on Friday to a one-month… Read More ›
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While The World Narrows Pandemic Package, Japan Will Launch Record Stimulus Package
On Friday, Japan is expected to unveil a record $490 billion expenditure plan to help offset the economic impact of the COVID-19 outbreak, defying a worldwide trend of removing crisis-mode stimulus measures and putting more stress on the country’s already… Read More ›
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Bitcoins Valued At Almost $1 Trillion Exchanged Between Anonymous Wallet
A huge transaction of more than 15,078 bitcoin tokens was reported to have happened between two wallets whose identities could not be confirmed. The total value of the bitcoins that had been transferred between these to the so-called whale wallets… Read More ›
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9.4% Fall In Auto Sales In China In October, Says Industry Body
The protracted worldwide scarcity of semiconductor chips was instrumental in vehicle sales in China declining in October, which was a drop for the sixth straight month, with a 9.4 per cent year on year fall in sales, shoed data from… Read More ›
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