News

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29 Oct 2024 09:58

HSBC Reports 10% Profit Surge in Q3

Daily News

Europe's largest bank, HSBC Holdings (LON:HSBA), reported a 10% increase in third-quarter profit, exceeding analyst estimates with a pre-tax profit of $8.5 billio...

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29 Oct 2024 09:57

Oil Prices Surge Following U.S. Strategic Reserve Purchase Announcement

Daily News

Oil prices experienced a slight increase on Tuesday following the U.S. announcement of oil purchases for the Strategic Petroleum Reserve (SPR), recovering from a ...

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29 Oct 2024 09:57

Lufthansa's Q3 Operating Profit Declines Due to Brand Challenges

Daily News

BERLIN - German airline group Lufthansa announced that its third-quarter operating profit decreased by 9% compared to the same period last year. The company cited...

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29 Oct 2024 09:57

Santander Reports 12% Increase in Net Profit for Q3

Daily News

Spanish banking giant Santander (BME:SAN) reported a 12% increase in net profit in the third quarter compared to the same period in 2023. The bank attributes this...

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29 Oct 2024 09:56

Brazilian Institute Demands $525 Million from Social Media Companies

Daily News

In a significant legal move, the Brazilian Institute for Collective Defense has filed lawsuits totaling 3 billion reais (approximately $525.27 million) against th...

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29 Oct 2024 09:54

The Future of the German Coalition Uncertain Due to Internal Disputes

Daily News

Tensions within the German coalition government are escalating as the Free Democratic Party (FDP) discusses its future within the government, raising concerns abo...

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29 Oct 2024 09:53

This Week, Tech Giants Kick Off a Profit Bonanza

Daily News

Investors are focusing on an important earnings week as major tech companies prepare to announce their financial results. Alphabet Inc. (NASDAQ:GOOGL), Google's p...

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29 Oct 2024 09:52

Japan's Election Result May Encourage Regional Rivals

Daily News

In an unexpected development, Japan's recent general elections resulted in the ruling coalition experiencing its most significant setback in 15 years, which could...

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29 Oct 2024 09:51

Climate United Takes Action to Boost Electric Truck Use at California Ports

Daily News

The U.S.-based nonprofit organization Climate United has announced that it will invest up to $250 million to purchase approximately 500 electric semi-trucks over ...

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29 Oct 2024 09:49

Amid Conflict, Pokrovsk Coal Mine Stays Operational

Daily News

Amid increased military activity, operations continue at the strategically important Pokrovsk coal mine in eastern Ukraine. This mine is a significant source of m...

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29 Oct 2024 09:48

China Considers $1.4 Trillion Stimulus Package to Revitalize Its Economy

Daily News

China is reportedly considering a significant financial stimulus plan that could involve over 10 trillion yuan (approximately 1.4 trillion dollars) in additional ...

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29 Oct 2024 09:48

German Consumer Confidence Shows Signs of Improvement

Daily News

BERLIN - The latest survey conducted by GfK and the Nuremberg Institute for Market Decisions (NIM) indicates a gradual improvement in German consumer confidence a...

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29 Oct 2024 09:46

BOK Board Member Chang Urges Caution in the Real Estate Market

Daily News

Amid concerns over the real estate market and household borrowing in South Korea, Bank of Korea (BOK) board member Chang Yong-sung emphasized the need for continu...

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29 Oct 2024 09:45

Japan's Finance Minister Pledges Vigilance Against Currency Movements

Daily News

In Tokyo, Japan's Finance Minister Katsunobu Kato emphasized the government's determination to closely monitor currency movements. During a regular press conferen...

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29 Oct 2024 09:29

German Chamber of Commerce and Industry Predicts GDP Contraction for Germany in 2024

Daily News

The German Chamber of Commerce and Industry (DIHK) has revised Germany's economic forecast, projecting a 0.2% contraction in the country's GDP for 2024. This mark...

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29 Oct 2024 09:28

Thai Officials Discuss Raising Inflation Target to Revitalize the Economy

Daily News

A discussion is taking place between the government and the central bank of Thailand regarding the country’s inflation target. Deputy Finance Minister Paopoom Roj...

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29 Oct 2024 09:25

German Companies Brace for Price Hikes Amid Inflation Worries

Daily News

BERLIN – A recent survey reveals that rising price expectations have become a trend among German companies, indicating that inflation could rise towards the Europ...

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29 Oct 2024 09:24

Toyota and NTT Join Forces for $3.3 Billion AI-Driven Autonomous Driving R&D Initiative

Daily News

Toyota Motor (NYSE:TM) and Nippon Telegraph and Telephone Corporation (OTC:NPPXF), also known as NTT, have made a significant investment in developing advanced ar...

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29 Oct 2024 09:24

Adidas Sees Sales Surge in China and North America

Daily News

Adidas AG (OTC:ADDYY) reported a significant increase in sales in Greater China in the third quarter, while also experiencing sales growth in North America, exclu...

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29 Oct 2024 09:24

Norwegian Sovereign Wealth Fund Acquires Major U.S. Office Property

Daily News

Norway's sovereign wealth fund has expanded its portfolio by acquiring a 97.7% stake in an office building located in Menlo Park, in the San Francisco Bay Area. T...

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29 Oct 2024 09:20

BP Reports $2.3 Billion Third Quarter Profit Amid Weak Demand Environment

Daily News

BP Plc (NYSE:BP) announced on Tuesday that it recorded a third-quarter profit of $2.3 billion, marking its lowest earnings in nearly four years. This significant ...

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