U.S Bond Yields Projected to Rise Following $271 Billion Bond Auctions
U.S Treasury auctions offering of $271 billion new debt could reignite a rise in bond yields and a fall in prices, according to Reuters. U.S inflation data for March, set…
Amazon Workers in Alabama Voted against Unionization. Here is Why
Amazon.com Inc. workers in Alabama voted against unionization on broad concerns about job security, according to the Wall Street Journal. The workers were also convinced that their pay and benefits…
China’s Regulator Fines Alibaba a Record $2.8 Billion
China State Administration for Market Regulation fined Alibaba Group Holding 18.2 billion Yuan or $2.8 billion, according to SCMP. SAMR stated that Alibaba abused its dominant market position in China’s…
NIU is Set to Launch the Anticipated RQi Electric Motorcycle this Year
NIU plans to release the first version of its highly anticipated RQi electric motorcycle later this year, according to electrek. The electric motorcycle will officially launch first in China and…
McDonald’s to Close Doors of Several Restaurants at Walmart Stores
Around 150 McDonald’s restaurants will remain at the US Walmart locations after another wave of planned closures, according to the Wall Street Journal. Closures target low-volume stores and are expected…
Airbus Shares Surge on Higher Deliveries in March
Airbus shares surged more than 2% early on Friday following a jump in deliveries, mainly in China and the US in March, according to Reuters. The company reported slightly higher…
UK Housing Prices Hit a Record £254,606 in March
Housing prices in the UK rose 1.1% in March, posting a new record high of 254,606 pounds, according to Halifax press release. House prices surged by 6.5% annually or 15,430…
Here are the Key Reasons the U.S is on Track for Faster Economic Rebound than Europe
The U.S is recovering faster from the economic shocks of coronavirus than countries in the European Union, according to CNBC. Fiscal stimulus in the U.S has been a critical driver…
China’s Market Regulator Ready to Clear Tencent’s $3.5 Billion Sogou Deal
China State Administration of Market Regulation is ready to clear tech giant Tencent Holdings Ltd.’s $3.5 billion deal to take search engine Sogou private, according to Reuters. Tencent must be…
Visa Faces Antitrust Scrutiny over Incentives to Banks
The U.S Justice Department is scrutinizing Visa Inc.’s deals with banks enticing them to process more online debit-card transactions over its network, reports Bloomberg. Potential repercussions of the investigations could…
Global Vaccinations Lopsided as Wealthiest Nations Get Vaccinated 25 Times Faster
27 countries with the highest incomes and representing 11% of the global population claim 40% of the world’s Covid-19 vaccinations, according to Bloomberg. Economies making up the least wealthy have…
P&G Helped Develop a Tracking Technique that Sidesteps Apple’s Privacy Rules in China
Procter & Gamble Co. worked with the China Advertising Association to develop a technique to gather iPhone data for targeted ads, according to the Wall Street Journal. The technique, now…
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