Apple became the first company ever to reach a market cap of $3 trillion. Converted, it concerns a value of 2,260 billion dollars. In 2018, the American technology company was the first to cross the threshold of USD 1,000 billion in market capitalization. In August 2020, the iPhone maker […]
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Increased Energy Prices Cause the Highest Inflation Since 2002
Goods and services became 3.4 percent more expensive for consumers in October than a year earlier. That is the most substantial increase since April 2002, reports the Central Bureau of Statistics (CBS). Gas and electricity, among other things, became considerably more expensive last month, causing inflation to rise. Prices […]
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ECB Decides Again on Support Measures for Eurozone
The European Central Bank (ECB) will make another interest rate decision on Thursday. Due to the rising inflation in the eurozone, policymakers at the central bank probably have a lot to discuss. But economists generally assume that the ECB will not develop an accelerated phasing out of support measures yet. […]
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US to Close US Branch of China Telecom
The United States has banned the activities of the US branch of China Telecom. FCC regulator says the telecom company is controlled by the Chinese government and is, therefore, a threat to US national security. The FCC has given China Telecom Americas 60 days to stop its service. The […]
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EU Ministers Discuss Energy Crisis
EU energy ministers, including Stef Blok, are meeting in Luxembourg to discuss the energy crisis. The recently sharp rise in energy prices also affects households and companies. In the short term, the Member States themselves can take several measures to ease the pain, but whether action should be taken […]
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Auto branch Chinese Evergrande Rises Sharply on the Hong Kong Stock Exchange
Shares of China Evergrande New Energy Vehicle Group shot up on the Hong Kong stock exchange on Monday. The jump followed ailing Chinese real estate developer Evergrande’s plans to favour the growth of its electric car division over its real estate business. China Evergrande New Energy Vehicle Group, which […]
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IBM and American Airlines Ignore Texas Vaccination Ban
Tech company IBM, American Airlines and Southwest Airlines announced Tuesday (local time) that they would comply with President Joe Biden’s obligation to vaccinate employees against Covid-19. With that decision, they ignored a decree issued Monday by Texas Governor Greg Abbott. Instead, it states that nobody can demand a vaccination […]
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Eurotrader Group Enters the Liquidity Provision Space with Eurocapital
Eurotrader Group has branched out into the liquidity provision space with its latest Prime of Prime offering, Eurocapital October 2021, London: Eurotrader Group has branched out into liquidity provision with its new Prime of Prime offering, Eurocapital. Eurocapital delivers highly bespoke full-circle solutions and secure offerings, with products […]
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Boss Facebook: Not True That Profit Comes Before Safety for Us
It’s “just not true” that Facebook would put profits above user safety, says Facebook CEO Mark Zuckerberg. In a lengthy statement on his Facebook account, he defended himself against recent criticism about Facebook’s influence on the mental health of children and teenagers in particular. On Tuesday, a special hearing […]
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China Wants to Let Go of Electricity Price to Combat Shortages
China is considering letting go of regulated electricity prices for large consumers to prevent power outages. With coal becoming more expensive, many Chinese coal-fired power stations are loss-making due to the prevailing price caps, making them hesitant to supply more power. This has already contributed to the electricity shortages […]