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Bed Bath & Beyond Files for Bankruptcy As Last Ditch Efforts Fail
Years of losses and a failed turnaround plan left the retailer struggling to stock stores. The company expects all its retail locations to eventually close.
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Hollowing out of San Francisco raises fears over status as top tech hub
Soaring office vacancies amplify concerns over violent crime and homelessnessBy Editors Desk -
Instagram to move majority of staff from London to New York
Decision comes less than eight months after social media platform’s head Adam Mosseri relocated to UK
By Editors Desk -
BRICS to surpass G7 in share of global economic growth – Bloomberg
The bloc of developing countries will be a larger driver of development than the Western Group of Seven major economies
By Editors Desk
Latest Business
New Apple product declares war on banks
Apple has fired another major shot on the finance world, launching a game-changing new product that could disrupt the banking system.
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Twitter Inc. Changes Its Name to X Corp. and Moves to Nevada
The platform is keeping the Twitter branding but is no longer incorporated in Delaware.
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What Happened When Uber’s CEO Started Driving for Uber
Dara Khosrowshahi and other executives realized drivers’ complaints were valid. They revamped the app, helping Uber attract workers and extend its lead on Lyft. Driver pay remains a sticking point.
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Johnson & Johnson agrees to pay $8.9bn over alleged cancer-causing talc claims
The conglomerate was prevented from offloading its liability to a subsidiary that immediately declared bankruptcy
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Adidas Ends Its Opposition to Black Lives Matter Logo
Sportswear maker had called the advocacy group’s three-stripe emblem too similar to its own
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Pepsi rebrands after brutal logo criticism
The drinks brand is ditching these cans after 15 years following feedback from consumers who slammed the current Pepsi design.
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Adidas asks US to bar Black Lives Matter from using three stripes in trademark
The sportswear company claims the BLM Global Network Foundation’s yellow-stripe design would be confused with its three-stripe logo
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Alibaba to Split Into Six Separate Groups in Biggest Shake-Up
Chinese tech giant makes announcement a day after its co-founder Jack Ma returned to mainland China
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First Citizens Acquires Much of Failed Silicon Valley Bank
Deal with federal regulators will make lender one of the top 25 U.S. banks
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Accenture to Cut 19,000 Jobs as IT Spending Slows
The professional-services company is looking to slash costs and streamline operations
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Are we in a banking crisis?
The below-market sale of Credit Suisse has spooked investors but other markets have held up well and central banks are working to keep money flowing
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Credit Suisse: Bank rescue damages Switzerland's reputation for stability
So farewell to Credit Suisse. Founded in 1856, the bank has been a pillar of the Swiss financial sector ever since. Although buffeted by the financial crisis of 2008, Credit Suisse did manage to weather that storm without a government bailout, unlike its rival-turned-rescuer UBS.
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Swiss banking giant UBS to buy troubled rival Credit Suisse to avoid a larger global financial crisis
The Swiss government said it would provide more than $9 billion "in order to reduce any risks for UBS" and "potential losses arising from certain assets that UBS takes over as part of the transaction."
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How Dimon and Yellen Helped Secure $30 Billion Lifeline for First Republic
- Eleven banks deposit $30 billion to backstop distressed firm
- Flurry of calls persuades some CEOs wondering, ‘Will it work?’
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U.S. Pushes for TikTok Sale to Resolve National Security Concerns
The demand hardens the White House’s stance toward the popular video app, which is owned by the Chinese internet company ByteDance.
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Credit Suisse on the brink
Shares in major investment bank Credit Suisse plunged by nearly 30 per cent overnight as the financial institution teeters on the brink.
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