International Business

Nestle Outlook Buoyed By Coffee, Higher Prices

Nestle Outlook Buoyed By Coffee, Higher Prices

Agence France-Presse | Wednesday October 20, 2021

Nestle on Wednesday raised its growth outlook after sales for the first nine months of the year were buoyed by coffee, vegan foods and price increases.

British Fintech Zopa Hits $1 Billion Valuation With SoftBank Investment

British Fintech Zopa Hits $1 Billion Valuation With SoftBank Investment

Reuters | Tuesday October 19, 2021

British digital bank Zopa has raised $300 million from investors including Japan's SoftBank Group, it said on Tuesday, as the lender looks to expand its business ahead of a possible listing as soon as next year.

US SEC Report Questions Trading Apps After GameStop Frenzy

US SEC Report Questions Trading Apps After GameStop Frenzy

Agence France-Presse | Tuesday October 19, 2021

US securities regulators studying the mysterious surge in GameStop shares in January called Monday for deeper examination of "game-like" features on some trading platforms.

China Q3 GDP Growth Hits 1-Year Low, Raising Heat On Policymakers

China Q3 GDP Growth Hits 1-Year Low, Raising Heat On Policymakers

Reuters | Monday October 18, 2021

China's economy grew at the slowest pace in a year in the third quarter, hurt by power shortages, supply bottlenecks and sporadic Covid-19 outbreaks and raising heat on policymakers amid rising jitters over the property sector.

Facebook Plans To Hire 10,000 In European Union To Build 'Metaverse'

Facebook Plans To Hire 10,000 In European Union To Build 'Metaverse'

Reuters | Monday October 18, 2021

Facebook Inc plans to hire 10,000 in the European Union over the next five years, the social media giant said on Monday, to help build the so-called metaverse - a nascent online world where people exist and communicate in shared virtual spaces.

In Talks With Airlines To Install Starlink Broadband: Elon Musk

In Talks With Airlines To Install Starlink Broadband: Elon Musk

Reuters | Friday October 15, 2021

Billionaire entrepreneur Elon Musk said in a tweet on Thursday he was in talks with airlines about installing Starlink, a satellite-based broadband service owned by his rocket company SpaceX.

United Nations, World Bank, IMF Need Urgent Reforms, Says Nirmala Sitharaman

United Nations, World Bank, IMF Need Urgent Reforms, Says Nirmala Sitharaman

Press Trust of India | Wednesday October 13, 2021

Ms Sitharaman said "while reforms in countries are happening in different stages, these global institutions have remained the way they have been for the last several decades"

Billionaire Alibaba Founder Jack Ma Reappears In Hong Kong: Report

Billionaire Alibaba Founder Jack Ma Reappears In Hong Kong: Report

Reuters | Wednesday October 13, 2021

Alibaba Group founder Jack Ma, largely out of public view since a regulatory clampdown started on his business empire late last year, is currently in Hong Kong and has met business associates in recent days, two sources said.

US Unemployment Drop Signals 'Recovery Is Moving Forward': Joe Biden

US Unemployment Drop Signals 'Recovery Is Moving Forward': Joe Biden

Agence France-Presse | Friday October 08, 2021

US President Joe Biden put a gloss on disappointing job creation figures Friday by focusing on a drop in unemployment, which he said marks a "sign that our recovery is moving forward."

Nigerian Central Bank To Launch Digital Currency Within Days: Godwin Emefiele

Nigerian Central Bank To Launch Digital Currency Within Days: Godwin Emefiele

Reuters | Thursday October 07, 2021

The Central Bank of Nigeria (CBN) will launch the eNaira, its digital currency, in a couple of days from now, Governor Godwin Emefiele said on Thursday.

China's Forex Reserves Fall By $31.5 Billion In September

China's Forex Reserves Fall By $31.5 Billion In September

Press Trust of India | Thursday October 07, 2021

China's foreign exchange reserves, the largest in the world, fell to $3.2006 trillion at the end of September, down $31.5 billion from a month earlier, according to official data released on Thursday.

What Happens If The United States Defaults On Its Debt?

What Happens If The United States Defaults On Its Debt?

Agence France-Presse | Saturday October 02, 2021

After narrowly avoiding a shutdown of the US government, President Joe Biden's Democratic lawmakers and the Republican opposition face an even more high-stakes task: forging an agreement to raise the country's borrowing limit or risk a catastrophic default.

Exports Grew By 45% To Reach $33.14 Billion in August, Trade Deficit Widens

Exports Grew By 45% To Reach $33.14 Billion in August, Trade Deficit Widens

Edited by Animesh Singh | Thursday September 02, 2021

Trade deficit widened in August 2021 and was $13.87 billion, whereas it was at $ 8.2 billion during the corresponding period of last year.

Netflix To Add Mobile Video Games As Subscriber Growth Slows

Netflix To Add Mobile Video Games As Subscriber Growth Slows

Reuters | Wednesday July 21, 2021

Netflix is weathering a sharp slowdown in new customers after a boom in 2020 fueled by stay-at-home orders to curb the COVID-19 pandemic.

China's Economy Grows More Slowly Than Expected In Second Quarter

China's Economy Grows More Slowly Than Expected In Second Quarter

Reuters | Thursday July 15, 2021

Growth slowed significantly from a record 18.3 per cent expansion in the January-March period, when the year-on-year growth rate was heavily skewed by the COVID-induced slump.