Macy’s to cut the senior management
The American department store chain Macy’s is going to cut down the upper management in order to save costs. Macy’s reported this when announcing results, without revealing concrete…
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Barrick Gold to take over Newmont Mining
Canadian Barrick Gold, the world’s largest gold producer, has launched a hostile takeover bid for the US company Newmont Mining. The bid has a value of almost 18…
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ArcelorMittal in Saudi Arabia is ‘technically in default’
The Saudi steel pipe factory Al Jubail, of which ArcelorMittal is joint owner, is struggling with problems. According to ArcelorMittal’s annual report, the joint venture has been ‘technically…
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World trade is continuing a declining trend
World trade volume decreased by 1.7 percent in December last year compared to a month earlier. This is evident from the monthly World Trade Monitor of the Netherlands…
Continue ReadingTrump will soon discuss trade quarrel with Xi
US President Donald Trump expects to meet his Chinese counterpart Xi Jinping soon. Together they could then put the finishing touches of a trade agreement between the two…
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In IT, Innovation and Startups
Brussels: agreement to take over E-plus in disarray
The European Commission suspects Telefónica Deutschland of failing to comply with certain agreements regarding the takeover of E-Plus in 2014. This is what makes EU commissioner Margrethe Vestager…
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Smith: KLM support for Elbers is impressive
Support for KLM boss Pieter Elbers within his own ranks is impressive. According to chief executive Ben Smith of parent company Air France-KLM, not every driver in the…
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