Author: Admin
Deutsche Bank posts seventh straight quarter of profit, warns of increasing cost pressures
Bloomberg | Bloomberg | Getty Images Deutsche Bank reported Wednesday a net profit of 1.06 billion euros ($1.13 billion) for the first quarter of the year. Analysts had forecast a figure of 1.01 billion euros for the three-month period, according to data from Refinitiv. On Mar. 11, Deutsche Bank said it would wind down its Russia […]
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Myanmar court sentences Aung San Suu Kyi to 5 years in prison
Aung San Suu Kyi on November 4, 2019 at the 35th Association of Southeast Asian Nations (ASEAN) Summit. A court in military-ruled Myanmar convicted the country’s former leader Aung San Suu Kyi of corruption and sentenced her to five years in prison Wednesday. Lillian Suwanrumpha | Afp | Getty Images A court in military-ruled Myanmar […]
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Walmart dangles deeper gas discounts to attract and retain members of subscription service
As prices climb at the grocery store and gas station, Walmart said Wednesday that it will offer deeper discounts on fuel to nudge more customers to join and renew Walmart+. Chris Cracchiolo, senior vice president and general manager of the subscription service Walmart+, said the everyday expense is on the minds of many shoppers, “especially […]
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Retail and consumer IPOs, deals tail off as more businesses set their sights on 2023
People shop at a grocery store in Monterey Park, California, on April 12, 2022. Frederic J. Brown | AFP | Getty Images Supply chain headaches, surging interest rates and the war in Ukraine have combined to stifle IPOs and deal-making in the consumer and retail sectors so far this year. The total number of consumer […]
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Japan reports first case of mysterious children’s liver disease as health experts explore possible Covid links
Health experts are investigating the likely cause of a new children’s liver disease, which was first reported in the U.K. in January 2022, and whether it bears any connection to the coronavirus. Fs Productions | Tetra Images | Getty Images Japan has detected its first probable case of a mysterious liver disease that has so […]
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Bank of America names its top global tech stocks — including one it says has upside of 100%
As U.S. tech stocks continue to experience serious volatility, Bank of America looks further afield. Source
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South China Sea faces higher risk of conflict as arms race builds up, says weapons expert
The South China Sea region faces a heightened risk of conflict as it arms itself at an “alarming rate,” an expert from the Stockholm International Peace Research Institute told CNBC on Monday. It comes as worldwide military spending surpassed $2 trillion for the first time ever in 2021, he added. “The region is arming at […]
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Twitter says mass deactivations after Musk news were ‘organic’
In this photo illustration, the Twitter logo is displayed on the screen of the phone, with Elon Musk’s Twitter account in the background. Twitter was flooded with user reports of high-profile accounts losing thousands of followers in the hours after news broke that Tesla CEO Elon Musk would purchase the social network. Sheldon Cooper/SOPA Images […]
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Heat wave in India threatens residents and crucial wheat harvest
Farmers harvest wheat crop on April 14, 2022 in India. The country has just endured its hottest March since records began, according to the India Meteorological Department, and the heat wave is dragging well into harvest time. Vipin Kumar | Hindustan Times | Getty Images A record-breaking heat wave in India exposing hundreds of millions […]
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Luxury EV maker Lucid scores order from Saudi government for up to 100,000 vehicles
With 1,050 horsepower, the new Grand Touring Performance edition becomes the most powerful version of Lucid’s electric Air sedan. Lucid Motors Lucid Group said that the government of Saudi Arabia has agreed to buy up to 100,000 of its electric vehicles over the next ten years. Saudi Arabia’s public wealth fund holds an approximately 62% stake […]
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