business in the world

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Burger King offers Prince Harry part-time job

Burger King jokingly offered Prince Harry a job offer, just days after the British royal and his wife Meghan announced that they intended to "step back as 'senior' members of the Royal Family." "@ harry, this …

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Global economy continues to cool

The world economic climate deteriorated to the lowest level of 2009. According to the survey conducted among 1230 experts from 117 countries by the Munich-based Ifo Institute for Economic Research, the world economic climate has …

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Saudi Aramco receives record demand for debut bond

Saudi Aramco received more than $100 billion in orders for its maiden global bond. The bond sale is set to be the largest-ever in emerging markets and one of just a handful of times that a company anywhere in the world received more …

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Saudi Aramco named world's most profitable company

Saudi Aramco was the world's most profitable company in 2018 with net income of $111.1 billion, easily outstripping U.S. behemoths including Apple Inc. and Exxon Mobil Corp, Bloomberg reported with reference to Moody's Investors …

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Jean-Pierre Thomas appointed Rusal board chairman

Russia's aluminium company Rusal appointed independent non-executive director Jean-Pierre Thomas as its new chairman as part of an agreed restructuring in exchange for the lifting of U.S. sanctions. Jean-Pierre …

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 Is America on brink of next economic crisis?

Moody’s Analytics’ chief economist Mark Zandi is sounding the alarm over a surge in corporate debt among a concentrated group of U.S. corporations. Zandi suggests that the debt burden mirrors the subprime …

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 TAP buys DESFA’s share

The fact that the consortium for construction of the Trans Adriatic Pipeline (TAP) won the tender of Greece's gas grid operator DESFA will strengthen the positions of TAP and the Southern Gas Corridor projects a route for the supply of …

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China slaps retaliatory tariffs on US imports

China has increased tariffs by up to 25% on 128 US products including frozen pork, wine and certain fruits and nuts, escalating a spat between the world’s biggest economies in response to US duties on imports of aluminum and steel. …

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Chinese investors fail to purchase stake in Rosneft

The deal on purchasing a 14.2% stake in Rosneft from the Glencore-QIA Consortium by China’s CEFC has been frozen due to financial issues, Kommersant wrote.  Pouring $9.1 bln into obtaining the stake in the Russian oil and gas …

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 Finland welcomes startupers

In a bid to attract innovations from non-EU countries, Finnish authorities will lure talent with "startup residence permits," national broadcaster Yle reported. Starting April, Finland will issue residence permits to non-EU …

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 Azerbaijan becoming more attractive for business

Azerbaijan is among notable reformers in Europe and Central Asia region, the World Bank said in its Doing Business 2018 report. Azerbaijan ranked 57th among 190 countries in the Doing Business 2018. The distance to frontier score stood …

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Jeff Bezos is once again richest man on earth

Amazon founder and CEO Jeff Bezos is now the richest person on the planet after a bounce in company stock value floated his net worth to a massive $93.8 billion by the end of business on Friday. Bezos ended the day $5.1 …

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Russia's Gazprom ranks first in global power rating

Russia's Gazprom snagged the number 1 spot in the 2017 S&P Global Platts Top 250 Global Energy Company Rankings, ending U.S. oil and gas giant ExxonMobil's 12-year reign at the top of the list  Germany's E.ON …

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