Corporate

China to Pump $54bn into State Banks

China to Pump $54bn into State Banks

China is injecting $53.6 billion into eight state-owned banks and insurers to stabilize its financial system and support a slowing economy, according to Xinhua.

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Volkswagen board approves plan to cut another 50,000 jobs

Volkswagen board approves plan to cut another 50,000 jobs

The Volkswagen Supervisory Board has approved a restructuring plan that will cut 50,000 jobs worldwide, according to a company announcement. The move is part of a broader effort to improve efficiency and competitiveness amid global market challenges.

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US-Venezuela Relationship Drenched in Oil for a Century

US-Venezuela Relationship Drenched in Oil for a Century

A 1950 US Department of State memo stated that the bond between Washington and Caracas is 'always likely to be' oil. According to The Guardian, Trump recently announced the US would take majority control of about a fifth of Venezuela’s oil reserves.

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Disney Star Carla Jeffery, 33, Remembered as ‘Beautiful, Vibrant’

Disney Star Carla Jeffery, 33, Remembered as ‘Beautiful, Vibrant’

US actress Carla Jeffery, known for her role in the 2018 Disney Channel movie Zombies and its sequels, has died at the age of 33. Her agent described her as a 'beautiful, vibrant and incredibly talented woman' who could 'light up any room' with her smile.

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Stan Kroenke to Buy Angels for $4bn in Record Deal

Stan Kroenke to Buy Angels for $4bn in Record Deal

Stan Kroenke, owner of the NFL’s Los Angeles Rams and the Premier League’s Arsenal, is reported to have agreed to buy the MLB’s Los Angeles Angels for $4 billion, according to ESPN. This would be the highest price ever paid for an MLB team.

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US oil giant Chevron to expand Venezuela operations

US oil giant Chevron to expand Venezuela operations

Chevron will invest more than $7bn through its Venezuela joint ventures to double oil production to about 600,000 barrels per day over the next five years, according to the company.

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