Author Archives
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Possible U.S. Price Fixing Brings Drugmakers Under Fire
Calls to probe whether Sanofi SA, Eli Lilly and Co, Merck & Co Inc and Novo Nordisk A/S colluded to set prices for insulin and other diabetes drugs was made by two prominent U.S. lawmakers who appealed to the federal… Read More ›
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Britain’s Tax Agency Probes One Third of the Country’s Wealthiest People
A report by the U.K.’s National Audit Office (NAO) said that the country’s official tax collection agency is investigating one third of the wealthiest people in the U.K. currently. The tax accounting of the U.K.’s 6,500 richest individuals is studied by… Read More ›
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In Brexit Christmas Pinch, Apple, Electrolux Raise U.K. Prices
By charging more for their products in Britain, Apple Inc. and Electrolux AB responded to the falling pound as the Brexit squeeze on U.K. consumers tightened. While Sweden’s Electrolux said it’s boosting the prices of its home appliances by 10… Read More ›
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Accounting Scandal Results in Tesco Facing £100m Claim from Investors
A group of investors say that the supermarket Tesco made misleading statements to the stock market and as a result the company is facing a claim of more than £100m in damages. Involved in the claim filed by law firm… Read More ›
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After Biggest Banks Write Off Billions, China’s Bad Debt Problem Comes in Emerges
Diminishing hopes that the industry could start to put the worst of China debt problem behind it next year while the non-performing loan (NPL) ratio is still climbing, China’s big five banks are losing money from writing off bad debt… Read More ›
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Price Hikes are Being Mulled by China’s Factory to the World
After years of undercutting rivals with cheaper costs, China’s factories may be on the cusp of delivering a new shock to the global economy. Increases in prices could reverberate around the world this time. Now caught in a squeeze between… Read More ›
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In Bad Sign for BOJ Target, Japan Industrial Output Stalls, Retail Sales Miss
In a worrying sign that the economy may be losing some momentum due to weak consumer spending and exports, Japan’s industrial output stalled in September. Providing further evidence that private consumption remains a drag on growth, separate data showed retail… Read More ›
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Craft Beer Market Slowing Down, says World’s Largest Brewer
After being the lone bright spot in an otherwise sluggish industry for years, the craft beer market is starting to get stale. The proliferation of new brands all competing for attention hearkens back to the dime-a-dozen startups from the web’s… Read More ›
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OPEC Splits Prevent Deal With Other Producers to Curb Supply
A deal to secure the cooperation of other major suppliers was prevented by OPEC’s internal disagreements over how to implement oil-supply cuts agreed last month. Little more than a promise that the world’s largest oil producers would keep on talking… Read More ›
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Customers feel Brexit Bite as Apple Pushes Up Prices in UK by 20 Percent
As technology giant Apple tries to battle a weaker pound, the company has quietly pushed up the price of existing products in the United Kingdom. Apple has been cost more on any products sold in Britain due to the fact… Read More ›
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