Layoffs for another 9,000 Amazon employeesCommodities

Layoffs for another 9,000 Amazon employees

Amazon has announced it will cut 9,000 jobs across its global operations, the second major layoff this year. The company…

Stabilisation of banking recovered US stock indexesStocks

Stabilisation of banking recovered US stock indexes

Wall Street saw stock indexes rise on Monday as fears of a crisis eased thanks to bank bailouts and as…

Oil prices have been the lowest in the last 15 monthsCommodities

Oil prices have been the lowest in the last 15 months

Oil prices fell on Monday as stress in the banking industry spilled over into the market on fears of a…

The German car giant is left without assets in RussiaStocks

The German car giant is left without assets in Russia

The Arbitration Court of the Nizhny Novgorod Oblast decided to seize the assets of the German company Volkswagen in Russia…

Gazprom’s profit decreased 3.6 times in one yearCommodities

Gazprom’s profit decreased 3.6 times in one year

The net profit of the Russian company Gazprom at the end of last year amounted to 747 billion rubles ($9.47…

British American Tobacco considering a move to Wall StreetStocks

British American Tobacco considering a move to Wall Street

British American Tobacco (BAT) is facing shareholder pressure to move its primary listing from the London Stock Exchange to the…

Is silver, like gold, a haven for investors?Commodities

Is silver, like gold, a haven for investors?

The global financial crisis is just around the corner. The “minor” crisis caused by growing inflation and the energy crisis…

Shares of the failed Swiss bank rose by 40 per centStocks

Shares of the failed Swiss bank rose by 40 per cent

JP Morgan Chase & Co analysts predict Swiss Bank, the central bank of Switzerland, taking over Credit Suisse will likely…

Samsung to invest $230B in chip production in South KoreaStocks

Samsung to invest $230B in chip production in South Korea

South Korea’s biggest companies, including Samsung Electronics, will join a state plan to invest 422 billion US dollars by 2026…

Foxconn expects a decline in demand for “smart” devicesStocks

Foxconn expects a decline in demand for “smart” devices

Foxconn, a leading provider to tech giant Apple, forecasts that demand for “smart” electronics will diminish somewhat this year, given…