In Kazan, Russia, a significant summit of the BRICS bloc—comprising Brazil, Russia, India, China, and South Africa—gathered global leaders, including Xi Jinping from China and Narendra Modi from India. This three-day event serves as a critical occasion for Russia, led by President Vladimir Putin, to demonstrate the resilience of Russia…...

Westpac Banking Corp, recognized as Australia’s third-largest lender by market value, has revealed that its projected net profit for the year 2024 will be negatively impacted by A$123 million (approximately $82.26 million). This disclosure was made public on a Tuesday and highlights the financial challenges the bank anticipates facing in…...

In a recent report, shares of SAP experienced a notable increase of 4.4% in pre-market trading on Tuesday, following the company’s announcement of raised full-year targets attributed to robust performance in its cloud business during the third quarter. The German software giant reported a substantial 27% growth in cloud revenue,…...

The use of corporate vehicles such as shell and front companies has sparked significant concern due to their roles in money laundering, fraud, and evasion of legal scrutiny. John Ruehl’s analysis distinguishes between these two types of companies, with shell companies often deemed more dubious. While front companies may engage…...

The U.S. dollar has reached a two-and-a-half-month high, buoyed by expectations that the Federal Reserve will adopt a prudent approach to interest rate cuts while the impending U.S. elections create uncertainty among investors. The dollar’s strength is reinforced by climbing Treasury yields, which contribute to a persistent trend applying pressure…...

In a recent update from Singapore, Reuters’ Tom Westbrook reported a notable shift in Asian stock markets and currency values amid rising U.S. Treasury yields and fluctuating gold prices. As the U.S. presidential election approaches, investors appear increasingly cautious, leading to a significant sell-off in bonds. The benchmark 10-year Treasury…...

Nucor Corporation, one of the largest steel producers in the United States, has reported a significant decline in its third-quarter profits for the year, marking a nearly 78% drop amid challenging market conditions. The company disclosed that it had to take substantial impairment charges related to its steel products and…...

In a notable legal development, Alcon Entertainment has filed a federal lawsuit against Tesla and Warner Bros. Discovery, alleging that they used images associated with “Blade Runner 2049” to promote Tesla’s latest autonomous cybercab. This lawsuit stems from concerns over copyright infringement and claims of “false endorsement,” suggesting that Tesla’s…...

In a recent campaign stop at a McDonald’s in Feasterville, Pennsylvania, Republican presidential nominee Donald Trump sought to connect with voters and draw a stark comparison to Vice President Kamala Harris, who has previously mentioned her experience working at the fast-food chain. Trump’s visit included working behind the fry station…...

McDonald’s Corp. hosted former President Donald Trump at one of its stores in Pennsylvania over the weekend, an event that sparked mixed reactions but was clearly framed by the company as non-partisan. Trump’s visit involved him staffing the fry station and interacting with customers through the drive-thru window, while the…...

Two Cambodian solar companies, Solar Long and Hounen Solar, have announced their withdrawal from a U.S. trade investigation regarding allegations of predatory pricing in the solar panel market. Their decision, communicated through a U.S. attorney on October 15, indicates an inability to allocate resources to the ongoing antidumping probe. This…...