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Housing Getting Worse In Swedish Market

Housing Getting Worse In Swedish Market

Sweden’s housing slump deepened last month as the market struggles to absorb a supply glut and households lose confidence. Nationwide apartment prices declined a monthly 3 percent in November, adding to October’s 1 percent drop, according to data from Svensk Maklarstatistik AB. House prices fell 1 percent in the month, after being unchanged in October.  The […]

Russia’s Largest Phone Carrier Is Taking On Uber

Russia’s Largest Phone Carrier Is Taking On Uber

Mobile TeleSystems PJSC is offering online taxi hailing and medical appointments over video, as Russia’s largest mobile carrier pursues new apps for revenue growth amid stiff wireless price competition.  The carrier made an speedy foray into Russia’s taxi business in October after Uber Technologies Inc. in July agreed to merge its operations into a joint venture with rival Yandex […]

The New Tools For Google Sheets- AI Now Available

The New Tools For Google Sheets- AI Now Available

Artificial intelligence is starting to make a major impact on business tools. This week, Google announced the availability of new AI tools for Google Sheets to help business users with automation and decision making. Another popular business tool, Slack, also announced a new feature this week, albeit a more seasonal one. The platform’s new package […]

Former LafargeHolcim CEO Charged With Syria Terrorism Funding

Former LafargeHolcim CEO Charged With Syria Terrorism Funding

  Former LafargeHolcim Ltd. Chief Executive Officer Eric Olsen was placed under formal investigation and charged with funding terrorist groups as part of a French probe into the cement maker’s operations in war-torn Syria.  Olsen, who resigned from the company in April, was also charged late Thursday with putting someone else’s life in danger and placed under judicial supervision, said […]

Heineken Starts Building $100 Million Mozambique Brewery

Heineken Starts Building $100 Million Mozambique Brewery

Heineken NV, the world’s second-largest brewer, started building a $100 million plant in Mozambique as it seeks to compete with its larger competitor, Anheuser-Busch InBev SA/NV, in the southeast African country. The brewery, to be located in Maputo province, will have a capacity of 800,000 hectoliters and will start production in in the first half of […]

The World Of Cryptocurrency

The World Of Cryptocurrency

Offering bitcoin futures was a response to user demand and a reflection of the belief that digital currencies will grow worldwide in the decades to come, said Chris Concannon, president of Cboe Global Markets Inc., one of three venues that announced it will soon start offering the products. “We are big believers in the cryptocurrency […]

The Lunch That Could Make Or Break Brexit

The Lunch That Could Make Or Break Brexit

On Monday, Dec. 4, British Prime Minister Theresa May will sit down to what could turn out to be the most expensive meal in history. Her lunch date will be Jean-Claude Juncker, who as European Commission president has a powerful role in determining progress toward a Brexit deal. Over seasonal dishes and vintage wines in […]

Airport Breaks World Record For Number Of Flights In 24 Hours

Airport Breaks World Record For Number Of Flights In 24 Hours

Rising incomes and cheaper fares offered by budget carriers are fueling air travel in India, an aviation market set to be the third biggest behind China and the U.S. In signs traffic is surging, Mumbai on Friday handled 969 flights in a 24-hour period, a world record for an airport that operates only one runway […]

S&P Cuts South Africa Debt Rating, Moody’s Issues Warning

S&P Cuts South Africa Debt Rating, Moody’s Issues Warning

S&P Global Ratings cut South Africa’s local-currency debt score to junk on Friday, while Moody’s Investors Service also threatened to slash its ranking to the same level, raising the risk of a selloff from global indexes. S&P lowered the country’s local-currency rating one step to BB+, one level below investment grade, and placed it on […]

Zambia’s Central Bank Cuts Lending Rate To 10.25 Percent

Zambia’s Central Bank Cuts Lending Rate To 10.25 Percent

Zambia’s central bank cut its benchmark lending rate by 75 basis points to 10.25 percent on Wednesday, citing declining consumer inflation, the high cost of credit and low growth. “Inflation has continued to decline over the last 10 months. We also noted that the cost of credit has been high and growth has been sluggish,” […]

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