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The more pessimistic outlook “reflects the broad-based weakening of the economic environment in all the main economies,” Chief Executive Officer Soren Skou said in the statement. “Negative effects from … Read more
By Irina Slav Just a couple of months after it announced it will move ahead with a plan for emission reduction, Russia has abandoned the plan, under pressure from businesses that face … Read more
More than 400 inmates across Oklahoma were being released from prison Monday in what the governor’s office calls the largest single-day mass commutation in the nation’s history. The Oklahoma Pardon … Read more
By Irina Slav Aramco has entered the final stage of preparations for its much-anticipated initial public offering, by officially announcing it would list shares on the local Tadawul exchange. “Today … Read more
Ohio-based Murray Energy filed for Chapter 11 bankruptcy joining a growing list of bankrupt or struggling miners as utilities switch away from coal. The company seeks to restructure nearly $3 … Read more
by thinkB4WeSpeak Swift Logistics, a brokerage and asset-based logistics provider, announced layoffs this week It said in a letter to Pennsylvania’s Department of Labor and Industry on Wednesday that it would close … Read more
By Tsvetana Paraskova Russia’s largest oil company Rosneft has already completed the switch away from the U.S. dollar to euros in its export contracts to minimize risks from potential new … Read more
One of China’s largest overseas buyers just had its operations seized by the government. The China Insurance Regulatory Commission (CIRC), a state-run regulator, has officially begun prosecution of Wu Xiaohui, … Read more
By Irina Slav The Venezuelan government is readying to hand over control over state oil company PDVSA to Russia’s Rosneft, a local newspaper has reported, citing sources from the industry. … Read more
by visualcapitalist The Big Five tech giants, or “FAAMG”—Facebook, Amazon, Apple, Microsoft, and Google (Alphabet)—have a combined market capitalization of over $4 trillion. These powerful tech behemoths often devour the talent, … Read more
DENVER — The largest one- and two-day temperature swings in October were recorded in Denver on Wednesday and Thursday. After reaching 83 degrees just before 2 p.m. Wednesday, the temperature … Read more
Think you have a hard time beating the U.S. stock market? Consider Harvard University’s endowment fund, which at more than $40 billion is the largest academic endowment in the world. … Read more
by Geoffrey Grider A massive 5,000-year-old metropolis Ein Esur that housed some 6,000 residents has been uncovered alongside Israel’s newest city, Harish, during new roadworks. The world of biblical archaeology in … Read more
via pjmedia: The city of Chicago is in dire fiscal and financial straits with an almost billion dollar budget deficit, bonds rated at junk status or below, numerous extremely costly legal … Read more
This is a MUST see video only 3 minutes… Even the UN says that man-made climate change is not real and that it’s solar driven. About time! DDan
China’s Three Gorges Dam, the world’s biggest and most controversial hydropower structure, was rumored to have been cracking and splitting as people posted satellite images of the structure last week. Chinese … Read more