AuthorAbaigael Schlomski

When crypto is not enough: Bitfury goes to IPO

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Bitfury wants to go public at a valuation of billions of dollars. According to the newspaper, the company would have taken over Deloitte. It must examine whether the time is right to be listed on the stock exchange. The IPO of Bitfury, which has its headquarters in Amsterdam, would be the largest in Europe for a cryptocurrency company, according to the newspaper. The biggest contenders to get...

Ben & Jerry’s boycotts Jewish settlements, so Israel answers with counteractions

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Anyone can watch online how the Israeli minister of Economic Affairs takes her Ben&Jerry’s out of the freezer and into the trash. If the ice maker no longer wants to sell ice in Jewish settlements in the occupied West Bank and in East Jerusalem, then it won’t get in her way either, the minister’s wife makes it crystal clear in the video she posted. Economically, it makes it...

Green light for agreement to end GM strike

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The end of the billions-worth strikes at the American automaker General Motors (GM) seems to be near. Trade union members have agreed to the negotiating result of trade union United Auto Workers (UAW) with GM that was reached last week, according to the automotive news site Auto News. The strikes at GM, the first in twelve years at the group, have been going on for over a month and have cost more...

Retail sales drop in Germany, French inflation stays low

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Retail sales in Germany fell by 2.2 percent in July compared to a month earlier. The German Federal Statistical Office reported the data. The decline was stronger than expected, as economists generally expected a fall in retail sales of 0.5 percent. Sales rose by a revised 3 percent in June. Year-on-year sales of German retailers climbed 4.4 percent in July. An average 3.3 percent increase was...

Ericsson criticizes EU approach to the 5G development and adoption

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«All over Europe the development of 5G is influenced by the high costs for the spectrum and by heavy regulatory interventions that are blocking progress. Governments must begin to consider the policy of access to frequencies as a means to provide critical national infrastructures, rather than a source of tax revenues “. Arun Bansal, president of Ericsson in Europe and Latin America, posted...

Maersk benefits from better sea network

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Container carrier A. P. Møller-Maersk reaped the benefits of improvements to its maritime transport network in the second quarter. Containers arrived on schedule more often and ships used less fuel. As a result, the group managed to control costs, while more containers were transported at higher prices. A. P. Møller-Maersk therefore succeeded in increasing the operating result (ebidta) by 17...

Saudi Aramco is on fast track to the stock market

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Saudi state oil company Saudi Aramco, the world’s largest exporter of crude oil, may make its stock market debut in the short term. The American business newspaper The Wall Street Journal reports based on sources that the largest IPO of a company could ever take place next year. There has been a great deal of uncertainty about the plan dating back to 2016, because the Saudis seem to be...

Chinese BAIC bought 5 percent of Daimler shares

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The Chinese automaker BAIC has taken a 5 percent stake in its German counterpart Daimler. The parent company of Mercedes-Benz says “to be very happy that our long-term partner BAIC has now also become a long-term investor”. Daimler and BAIC have been working together since 2005 in various partnerships in China. For example, the two automakers jointly own Beijing Benz Automotive...

There will be no two billion compensation for Roundup case

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The compensation of $ 2 billion that chemical company Bayer must pay to a couple in the United States because of the Roundup plea is too high. A US judge has established this in a preliminary ruling. A jury awarded the billion-dollar fine earlier this year to an elderly couple who claim to have had cancer through exposure to Roundup weed killer. But according to the judge, the part that qualifies...

Applied Materials buys industry competitor Kokusai

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The American supplier to the chip industry Applied Materials buys its Japanese counterpart Kokusai Electric. Nikkei reports that based on insiders. The deal, of just over 2 billion euros, is reported to be announced within a few days. Kokusai is currently owned by investor KKR, which acquired the former part of the Hitachi conglomerate in 2017. At the end of 2016, the Bloomberg news agency...

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