Author: Press Room

https://www.tipranks.com/news/the-fly/byd-objects-to-reports-of-slavery-like-conditions-at-brazil-site-ap-reportsChinese automaker BYD (BYDDF) slammed reports regarding poor conditions at a Brazilian construction site where it is building a factory, arguing the allegations were aimed at ‘smearing’ China and Chinese brands, AP’s Elaine Kurtenbach reports, citing a company spokesperson. The response comes after a Brazilian task force said it had rescued 163 Chinese nationals that were working in “slavery-like” conditions at the site. “In the matter of smearing Chinese brands, smearing China, and attempting to undermine the friendship between China and Brazil, we have seen how relevant foreign forces maliciously associate and deliberately smear,” said BYD spokesperson Li Yunfei on…

As you ransacked your basement in search of holiday decorations, perhaps you came upon boxes of documents from the last millennium. And then, you probably asked yourself: “Couldn’t I just throw these out?”Companies and governments often have document retention policies. Most people do not.Common wisdom suggests we keep important papers for seven years, for reasons that, we vaguely recall, have something to do with taxes.For those of us with paper records dating to the Clinton Administration, that would seem to mean you can throw them away.But does that mean everything?We posed those questions to accountants and tax experts. Here’s what…

Bloomberg has named chocolate’s main ingredient the best-performing commodity of 2024 Cocoa has been named the best-performing commodity of the year, outperforming Bitcoin, according to Bloomberg. The crypto coin was arguably the most watched asset this year, as it smashed the long-awaited $100,000 threshold in early December.Prices for chocolate’s main ingredient have almost tripled since the start of 2024 as faltering production in West Africa — the world’s biggest growing region — led to massive supply shortages, the publication wrote, citing exchange data.In early January, cocoa futures traded at around $4,000 per tonne. In mid-December they peaked at $12,700 per…

Han Duck-soo became the country’s interim head of state after the parliament stripped President Yoon Suk Yeol of his powers earlier this month South Korea’s Parliament has voted to impeach acting head of state Han Duck-soo over his refusal to appoint justices to the Constitutional Court, local media reported on Friday. The appointments are necessary to finalize the impeachment of Han’s predecessor, President Yoon Suk Yeol, who was stripped of his powers earlier this month.The motion to impeach Han, filed by the opposition Democratic Party, was passed with 192 votes in favor in the 300-member parliament, called the National Assembly, speaker…

Collectively, the world’s 10 largest companies by revenue generate roughly $4.6 trillion in annual sales, exceeding the GDP of countries like Japan and Germany.Over the past five years, corporate balance sheets have swelled amid robust consumer demand, recovering economies, and strong labor markets. At the same time, stock markets have become increasingly concentrated, with the largest companies gaining market share through pricing power and economies of scale.This graphic, via Visual Capitalist’s Dorothy Neufeld, shows the top 10 Fortune Global 500 companies since 2019, based on data from Fortune. For the rankings, Fortune included public and private companies that report financial data.…

Argentina’s President Javier Milei is the most popular head of state in South America, according to a new poll. The conservative libertarian leader came into office promising to slash government spending in order to defeat inflation and raise the standard of living for his people. So far, he has been extremely effective in doing so. In recent months, Argentina has exited recession, inflation has come way down, and trade has improved. People in South America recognize leadership and success when they see it. Milei deserves the admiration he is getting right now. Breitbart News reports: Poll: Javier Milei Ranked Most…

Topline While billionaire business leaders poured money into 2024’s presidential race, businesses largely stayed away—yet the biggest corporate donor was a leading tobacco company that put its money behind President-elect Donald Trump, federal filings show, though the president-elect also got a boost from the oil and private prison industries that stand to benefit from his presidency. President-elect Donald Trump smiles during a Hispanic roundtable at Beauty Society on October 12 in … [+] North Las Vegas, Nevada.Getty Images Key Facts RAI Services Co., a subsidiary of Reynolds American, was the biggest corporate donor to Trump’s campaign and affiliated super PACs,…

Germany will elect a new government seven months early after the last collapsed in acrimony in November, the nation’s President confirmed in dissolving its Bundestag on Friday morning. It is time for liberal democracy’s “competition of ideas” to find “the best solutions to the challenges of our times” including economic stagnation, mass migration, and wars in Europe and the Middle East, the German President said as he dissolved the Bundestag (Parliament) on Friday morning. President Frank-Walter Steinmeier said the current domestic and global environment required “a government capable of taking action”, and that the present constitution of the Bundestag was preventing this…

The year 2024 has been full of miracles. Every year has its ups and downs, and this one was no exception, but the high points were so miraculous that they easily outweigh the few low points. Now, all we need are more miracles in 2025. Let us begin with the obvious. President-elect Donald Trump’s survival after an assassination attempt on July 13 was an event that defies rational explanation. We may never know why a gunman was allowed so close to the stage, with a clear shot at the candidate. But somehow Trump turned his head at precisely the moment…

BAMAKO, Mali (AP) — Nearly 70 migrants died when their boat sank as they tried to reach Spain earlier this month, Mali’s Minister for Malians Living Abroad said.In a press release on Thursday, Mossa Ag Attaher announced that a migrant boat bound for Spain sank on Dec. 19. The migrants in this boat “numbered 80 at the start, with only 11 survivors,” according to the Ministry. The Malian authorities have identified nine Malians among the survivors, and “25 young Malians have unfortunately been formally identified among the victims,” the minister added.The Atlantic route for migrants from West Africa to the…