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Google is Removing More and More Harmful Ads
Google removed or blocked more than 5.2 billion ads last year because they violated the rules of the tech company. For example, they advertised a dangerous product or secretly tried to spread a virus. It amounts to 9,000 deletions per…
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Online Shopping Group Alibaba Wants to Split into Six Parts
Chinese tech and e-commerce group Alibaba plans to split its operations into six main divisions: e-commerce, media, and the cloud.
Each component could have its stock exchange listing in the long term. For example, the activities…
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European Commission: Alitalia Must Repay Government Loan
The loan of 400 million euros that the Italian government provided to the airline Alitalia in 2019 is illegal state aid, the European Commission has ruled.
Italy must recover the money plus interest from the company.
In May 2017,…
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Turkey’s Central Bank Leaves Interest Rates Unchanged After Earthquakes
The Turkish central bank will not raise or lower interest rates, despite the sky-high inflation in the country. Consumer prices in Turkey are 55 percent higher than a year ago.
In addition, the earthquakes that hit Turkey last…
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Chinese Internet Company Tencent Manages to Reverse the Drop in Turnover
The Chinese internet and game company Tencent has seen turnover grow slightly again in the fourth quarter after two-quarters of contraction in a row. However, over the entire year, the Chinese market leader in games and social media did see…
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Banking Unrest Pushes Gold Price to Highest Level in More Than a Year
The gold price is rising sharply due to the global unrest in the banking sector and the troubles surrounding Credit Suisse.
As a result, the value of gold has risen to its highest level in more than a year. Investors currently see…
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Bloomberg: Nationalize Credit Suisse If Deal With UBS Fails
Switzerland is considering full or partial nationalization of beleaguered Credit Suisse. That would be the only other viable option, apart from the Swiss bank UBS acquisition, insiders report to the Bloomberg news agency.
UBS is in…
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Financial Times: BlackRock Considers Taking Over Credit Suisse
US asset manager BlackRock, one of Credit Suisse's largest shareholders, is considering a bid for the beleaguered Swiss bank.
This is reported by the British business newspaper Financial Times based on insiders, who indicate that…
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