Egypt Downgraded For Second Time This Month
As Egypt is caught in a struggle with a severe deficit of hard currency, the country has been downgraded again, for the second time this month. The nation’s credit worthiness…
Nokia To Lay Off As Many As 14,000 Employees
After reporting that the company’s earnings plummeted in the third quarter, Nokia, the Finnish telecom multinational, announced that it will cut as many as 14,000 workers as one element of…
China Selling Off US Securities
In August Chinese investors sold off more US stocks and bonds than at any time in the last four years, according to new data released by the US Treasury Department…
Moody’s Considers Downgrading Israel’s Credit Rating
On Thursday, international ratings agency Moody’s issued a statement on the agency’s website noting it was placing Israel’s A1 credit rating on review for a downgrade. The cause for the…
Russian Internet Giant Benefits From EU Google Crackdown
A new report from Bloomberg released on Thursday finds that the anti-trust regulations in the EU which are being leveraged against global tech majors such as Google are increasing the…
Shell Inks Major LNG Deal With Qatar For Delivery To Netherlands
Shell Plc has inked a deal with Qatar for the purchase of liquified natural gas for delivery to the Netherlands for 27 years – the second major contract for the…
US Existing Home Sales Fall To Lowest Level Since 2010
US previously-owned home sales fell to the lowest level since 2010 in September, as affordability declined even further. On Thursday, the National Association of Realtors (NAR) released data showing that…
UAW Strike At Alabama ZF Facility Ends
On Thursday, the strike at Mercedes-supplier ZF’s Alabama plant, came to an end with union members returning to work. The strike had been ongoing since last month as workers sought…
Eli Lilly Brings ITC Suit To Bar Imports Of Mounjaro Weight Loss Drugs
On Thursday, Eli Lilly said it was suing 11 online pharmacies in an effort to prevent them from importing, selling, or distributing products which claimed to contain Mounjaro, the active…
Russia Inks New Deal For Additional Gas Deliveries To China
On Thursday, Russian energy giant Gazprom announced it has inked a deal with China National Petroleum Corporation (CNPC), for additional gas deliveries to China. The deal developed on the sidelines…
