China’s grip on Africa’s minerals sparks a US response
Zambia and Democratic Republic of Congo, which are rich in minerals that are essential for the production of…
Yearly Archives
2023
Apple Sales Fall for Fourth Quarter Straight Amid China Sloweddown
Apple Inc. warned that the revenue for the holiday quarter would be similar to last year. This means that investors…
BOE’s bleak UK outlook lifts bets on sharp rate cuts in 2024
The financial markets may disagree with Bank of England Governor Andrew Bailey's claim that it is too early to…
WeWork’s bankruptcy is expected to be the end of WeWork.
WeWork, a flexible workspace provider that plans to file bankruptcy as soon as next week. This is a dramatic turn…
Eurozone economy shrinks due to squeeze
The Eurozone's GDP shrank over the last three months, while inflation fell faster than analysts had predicted. This…
Velocys, a green jet fuel company, receives a funding boost
After it announced that a funding round was not going ahead, shares in a "carbon negative" jet fuel manufacturer…
BP shares fall after a ‘weak performance’ by gas traders
BP announced yesterday that its quarterly profit had dropped more than expected due to "weak" performances by its…
Next increases profit guidance for the fourth time in five months
Next has increased its full-year profit guidance for the fourth time in five months despite unusually warm weather…
Orsted cancels wind power project in US, resulting in a £4.6bn loss
Two projects in the United States were scrapped by the world's largest offshore wind developer, resulting in a…
Lloyds to Sell Scottish Widows Annuities in Bulk
Lloyds Banking Group Plc, according to sources familiar with the situation, is working with investment bankers on…
Apple loses bid to shut down UK iPhone class action lawsuit
Apple Inc. lost its bid to dismiss the London class-action lawsuit accusing it of misleading iPhone customers about…
Vodafone’s drain in Spain ends in €5bn deal
Vodafone's new CEO has completed a €5-billion sale of its Spanish operations to an investment vehicle listed on the…
Fortnum & Mason plans major US expansion in response to growing demand for…
Fortnum & Mason plans to expand into the US due to growing demand for British classics like tea and jam.…
WeWork may file for bankruptcy in a matter of days
WeWork plans to file for bankruptcy next week.
The Wall Street Journal reported Tuesday that the flexible…
Data shows that UK shop price inflation has fallen to its lowest level for more…
According to new data, UK grocery inflation is at its lowest level in over a year. This is due to the falling price…
Insolvencies of companies in England and Wales are at their highest level since…
According to official statistics, corporate insolvencies in England & Wales reached their highest level since…
Blackstone sells stake to GIC in £4bn Spanish Hotel Chain
Blackstone Group has sold a stake in the Spanish hotel group Hotel Investment Partners, to Singaporean sovereign…
Toyota will invest an additional $8bn into a battery plant in North Carolina
Toyota will invest an additional $8bn in its battery plant in North Carolina. This is the largest investment made…