INTERNATIONAL COMPANIES NEWS
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July 03, 2022, Sunday
Virgin Orbit successfully launches 7 satellites in first night mission
Virgin Orbit's fully mobile LauncherOne system conducted its first ever evening flight from a bare concrete pad and a runway at ...
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July 03, 2022, Sunday
Google to erase more location info as abortion bans expand in US states
Google will purge information about users who visit abortion clinics or other places that could trigger legal problems now that ...
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July 02, 2022, Saturday
Uber recorded 998 sexual assault incidents in US in 2020, says report
Even though the pandemic decimated its ridership, ride-hailing platform Uber has recorded 998 sexual assault incidents, including ...
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July 02, 2022, Saturday
Google to pay $90 million to settle lawsuit with app developers
The lawsuit was filed in San Francisco
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July 01, 2022, Friday
China's Great Wall Motor shelves $1 billion India investment plan: Report
The automaker has been planning to enter Indian market since 2020 and the failure to secure approvals makes it one of biggest ...
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July 01, 2022, Friday
General Motors ends deal to sell India plant to China's Great Wall Motor
GM had twice extended the terms of the deal to close the sale as the two sides waited for a green light from the Indian
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July 01, 2022, Friday
Meta warns employees 'to expect a tough second half' in internal memo
The Meta executive added that the company is in "serious times here and the headwinds are fierce", underscoring that its ...
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July 01, 2022, Friday
Gazprom skips payout in a first since 1998; stock dips nearly 27%
"The shareholders decided that in the current situation it is not advisable to pay dividends based on the 2021 results," Deputy ...
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June 30, 2022, Thursday
BT Group asks UK's government for more time to remove Huawei core
The core is the most sensitive part of a broadband network, akin to a sorting office for mail
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June 29, 2022, Wednesday
Cloud, security to be priority even if recession hits US: Morgan Stanley
The report suggests limited near-term impact for Indian IT services players, but commentary on FY24 will be crucial
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June 29, 2022, Wednesday
Airbnb makes party ban permanent; 6,600 guests suspended for violation
The San Francisco company believes the ban has worked, saying on Tuesday that reports of parties at listed properties have ...
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June 29, 2022, Wednesday
Jupiter CEO Andrew Formica quits to 'sit at the beach and do nothing'
Formica, 51, will leave the position on Oct. 1 and will also resign as a director of the London-based company on that date, ...
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June 28, 2022, Tuesday
Novartis to cut up to 8,000 jobs globally to save $1 bn by 2024
As part of the organisational overhaul unveiled in April, Novartis said that the cost cuts would be mainly from removing ...
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June 28, 2022, Tuesday
EY to pay $100mn to settle US charges of staff cheating on accountant exams
The London-based auditor admitted to the charges and agreed to pay what the SEC said is its largest fine against an auditor
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June 28, 2022, Tuesday
Japanese tech giant Toshiba's shareholders approve 13 nominations to board
Chief Executive Taro Shimada, who oversaw the annual shareholders' meeting in Tokyo, said the majority had voted to OK that plan
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June 28, 2022, Tuesday
Tencent Holdings top backer Prosus to cut $134 billion stake: Report
Tencent declined in Hong Kong on Monday as investors pondered the extent to which Prosus, the Chinese company's biggest ...
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June 27, 2022, Monday
GE CEO Culp takes reins of aviation business ahead of three-way split
General Electric Chairman and CEO Larry Culp is taking on the additional role as the top executive at the company's aviation ...
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June 27, 2022, Monday
Ray-Ban's billionaire owner Leonardo Del Vecchio passes away at 87
Raised in a Milan orphanage, Del Vecchio struck out from the northern city to set up shop in the town of Agordo, in the Alps ...
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June 26, 2022, Sunday
Wikipedia's business model: Why the website often appeals for funds
Much of the funding comes in dribs and drabs from small donations made by millions of users
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June 25, 2022, Saturday
Global dealmaking braces for dry spell as boardrooms put expansion on hold
Russia's invasion of Ukraine in February and fears that an economic recession is looming dealt a blow to merger and acquisition ...
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July 03, 2022, Sunday
Tesla's sales in Q2 drop amid supply chain issues, Covid pandemic woes
Tesla's sales from April through June fell to their lowest quarterly level since last fall as supply chain issues and pandemic ...
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July 02, 2022, Saturday
US based Sequoia Capital aims to raise $2.25 bn amid funding winter: Report
US-based investment firm Sequoia Capital is reportedly raising new funds worth $2.25 billion from potential VCs in the funding ...
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July 02, 2022, Saturday
Apple's co-founder Steve Jobs to get posthumous Medal of Freedom on July 7
The co-founder and former CEO of tech giant Apple Steve Jobs will get the Presidential Medal of Freedom posthumously on July 7 at ...
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July 02, 2022, Saturday
Meta Platforms slashes hiring plans, girds for 'fierce' headwinds
Meta confirmed hiring pauses in broad terms last month, but exact figures have not previously been reported
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July 01, 2022, Friday
Musk, Bezos lose $60 bn of their wealth in first six months of 2022
Despite losing $61.8 billion, Elon Musk has the biggest fortune with $208.5 billion
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July 01, 2022, Friday
Coinbase sold software to US authorities to track crypto transactions
Coinbase Tracer allows clients, in both government and the private sector, to trace transactions through Blockchain
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July 01, 2022, Friday
US newspapers continuing to die at rate of two every week: Report
Areas of the country that find themselves without a reliable source of local news tend to be poorer, older and less educated than ...
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June 30, 2022, Thursday
Tesla ranks low on EV quality, battery vehicles more problematic: Report
The global chip shortage and supply chain woes have hit electric vehicle (EV) quality across the board, including Tesla that ...
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June 29, 2022, Wednesday
H&M flags more price hikes, beats profit expecations by fewer discounts
Pretax profit at world's second-biggest fashion retailer jumped 33% from a year earlier to 4.78 bn crowns ($471 mn) in the ...
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June 29, 2022, Wednesday
US sues Walmart for facilitating money transfer scams worth $197 mn
The US Federal Trade Commission (FTC) has sued retail commerce giant Walmart for allegedly allowing its money transfer services ...
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June 29, 2022, Wednesday
Tesla lays off 200 Autopilot employees in latest jobs cut: Report
Elon Musk-owned Tesla has reportedly shown exit door to approximately 200 workers from its Autopilot team and closed an office in ...
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June 29, 2022, Wednesday
Netflix's plan to fix its subscription crisis starts in Asia: Report
The Asia Pacific region accounts for 15 per cent of Netflix's 221.6 million global subscribers and is forecast to be the biggest ...
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June 28, 2022, Tuesday
Spirit Airlines rejects JetBlue offer, backs merger with Frontier Group
Both JetBlue and Bill Franke-backed Frontier are locked in an intense bidding war for Spirit as they seek to create the ...
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June 28, 2022, Tuesday
Walgreens to retain ownership of UK-based Boots business
The business runs a network of more than 2,200 stores across the UK, as well as private-label brands like No7 Beauty Co. and ...
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June 28, 2022, Tuesday
Credit Suisse fined over $2 mn for facilitating cocaine cash laundering
A Swiss court on Monday said it has fined Credit Suisse more than $2 million for failing to prevent money laundering linked to a ...
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June 27, 2022, Monday
Credit Suisse found guilty by Swiss court in cocaine cash laundering case
Credit Suisse first major Swiss bank to face criminal trial; Credit Suisse said the case arose from a investigation that dated ...
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June 27, 2022, Monday
Del Vecchio rose from poverty to billions by adding style to spectacles
Iconic brands like Ray-Ban and Oakley were among the scores of targets Del Vecchio snapped up on his way to the top
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June 27, 2022, Monday
Samsung has substantial upside potential on sound fundamentals: Report
Investor sentiment has been unduly negative toward Samsung Electronics in light of the company's strong performance and solid ...
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June 26, 2022, Sunday
Omicron-targeting Covid vax shows high immune response: Pfizer & BioNTech
A booster dose of the Omicron-adapted bivalent candidates conferred a 9.1 and 10.9-fold increase in neutralising antibodies ...
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June 25, 2022, Saturday
Tesla employees' electric dream meets sudden crash in mass layoffs
The electric car-maker started laying off salaried employees after Musk announced last week to cut the workforce, which would ...
