WeWork searches for cash inflow
WeWork is reportedly looking hard for money. The company, which previously put plans for an IPO in the fridge, appears to be struggling with financial deficits faster than…
Continue ReadingMatthew Weller
City banks will try to catch big fish in murky Brexit waters
Banks in the City of London have withdrawn all leave around the Brexit deadline at the end of October. They take into account exchange rate fluctuations of up…
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Kingfisher gets a new CEO
Kingfisher, the largest do-it-yourself chain in Europe, gets a Dutchman as the new financial chief. Bernard Bot comes over later this month from travel industry technology company Travelport…
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Hong Kong subways do not run on Saturday after fierce nightly protests
On Saturday, no metros will be driving in the Asian metropolis of Hong Kong following violent nocturnal protests in which various metro stations were set on fire. The…
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Imperial Brands lowered forecast, shares lost 8 percent
The British tobacco manufacturer Imperial Brands has lowered its profit forecast for this year. The company does that because the sales of vaping items are increasing less rapidly…
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In IT, Innovation and Startups
TSMC researches 2nm wafers
Taiwan Semiconductor Manufacturing Company (TSMC) chip manufacturer is investing in research of the technical possibilities of chip technology for 2 nanometer circuits, chairman Mark Liu said. He wants…
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Delivery Hero sells Takeaway shares
Meal delivery company Delivery Hero is going to sell 3 million Takeaway shares. It becomes apparent from a document submitted by the German company to the British stock…
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Chinese manufacturing price index is on a steep decline
Manufacturing prices in China continued their fall in August, while inflation in the country remained at its highest level in eighteen months. The data was made public by…
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UK economy shows growth in July
The British economy grew by 0.3 percent in July compared to a month earlier. This is according to figures from the British National Statistics Office. The economy of…
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American tobacco market is on the verge of a great merge
The American tobacco companies Altria Group and Philip Morris International are discussing a merger. Altria sells Marlboro cigarettes in the United States, among others, while Philip Morris sells…
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