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France to Guarantee $3.6 Billion in Equity Loans to SME’s

The government of France will be guaranteeing around 3 billion Euros ($3.6 billion) to small and medium enterprises in quasi-equity long-term loans to help the business entities boost their financial outlooks since a majority of them have been affected by the pandemic significantly. France’s Finance Minister Bruno Le Maire made the revelation in a newspaper […]

Apple’s South Korea Unit Offers $84 Million to Support Small Businesses

The South Korean unit of IPhone maker Apple Inc. (AAPL) is setting aside 100 billion won ($84.02 million) to support initiatives for small business entities, consumers and other involved parties. This revelation was made by Korea Fair Trade Commission (KFTC) following allegations that Apple was using its dominance to its advantage by forcing mobile carries […]

Biden and Allies Raises $70 Million in a Democratic Convention

U.S Democratic Party Presidential hopeful Joe Biden together with closely allied Democratic groups raised a total of $70 million in a convention held for four days. This information was revealed by the campaign team of Biden. In a written statement, Biden’s campaign claims the broadcast of the convention attracted 122 million views across 15 digital […]

China and U.S Agree to Continue With Trade Talks

The spokesman of China’s commerce ministry Gao Feng, said that China and United states had agreed to restart trade talks in the near future to assess the progress of a phase 1 trade deal the two countries entered back in February. The spokesman made the sentiments during an online weekly briefing however, he did not […]

Nvidia Soar Above Analysts’ Estimates in Q2 Results

Nvidia Corp. (NVIDA) announced its results for the second quarter of the year in which the California based company registered better results than what analysts were expecting. This made it the second consecutive quarter Nvidia was outperforming analysts’ estimates. For the second quarter ending June 26, Nvidia generated revenue of $3.87 billion beating the analysts’ […]

Chrystia Freeland Appointed New Canada’s Finance Minister

Canada’s Prime Minister Justin Trudeau has appointed Chrystia Freeland as the new finance minister. Following the appointment Trudeau also promised to put new bold measures in place which will help the country recover from the pandemic. Former finance minister, Bill Morneau, resigned on August 18 after some differences with the Prime Minister. One day after […]

Oracle Expresses Interest in Purchasing TikTok’s U.S Operations

The race to purchase Chinese short video sharing app TikTok seems to be getting stiffer with each passing day. Several American companies and interested parties have expressed their interest to acquire the company’s operations in the United States. Notable companies like Microsoft Corp (MSFT) and Twitter Inc. (TWTR) have expressed interests of buying the company. […]

New Zealand Postpones Elections Due to Increasing Coronavirus Infections

The Prime Minister of New Zealand Jacinda Ardern, has announced having postponed the country’s general elections by one month to October 17. Ardern says main reason behind the move is the rising numbers of coronavirus infections in New Zealand especially at the city of Auckland which is under lockdown. “Ultimately, the 17th of October provides […]

Lyft’s Revenue Drops by 61% in the Second Quarter

North America based ride hailing firm Lyft Inc. (LYFT) announced that its revenue for the second quarter of the year dropped sharply by 61% due to travelling restrictions and stay at home orders put in place to curb spread of the deadly virus. The company says number of active riders declined by 60% to 8.69 […]