Category: finance
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Stafford Capital Launches $1.2 Billion Timber Fund, Targets 8% Cash Yield
London, UK – Stafford Capital Partners has launched a new $1.2 billion timber fund, consolidating assets from three existing timber funds, with the aim of generating a cash yield of at least 8%. The Stafford International Timberland Continuation Fund will operate as a perpetual fund, retaining almost three-quarters of existing investors and attracting strong institutional
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Australian Union Members Approve Strike at Woodside Energy’s Pluto LNG 2 Project
Perth, Australia – Union members overwhelmingly voted in favor of striking at Woodside Energy’s Pluto LNG 2 facility, according to the Offshore Alliance, signaling rising tensions over pay and working conditions in Western Australia’s liquefied natural gas sector. The results, posted on the union’s Facebook page on Thursday, showed that 99% of members supported industrial
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UK Businesses Plan Job Cuts but Maintain Price Increases, Bank of England Survey Shows
London, United Kingdom – British firms are preparing to reduce staff numbers while maintaining price increases at rates similar to previous expectations, according to a recent survey by the Bank of England (BoE). The survey of more than 2,000 companies was conducted between November 7 and November 21, 2025, prior to Finance Minister Rachel Reeves’
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Philips Shares Plunge Over 7% After Management Lowers Growth Expectations
Amsterdam, Netherlands / Milan, Italy – Shares of Philips (PHG.AS) dropped by over 7% on Thursday, marking their largest single-day decline in nearly 10 months, following comments from the Dutch health technology company that tempered investor expectations for future growth. The fall comes after Philips’ CEO Roy Jakobs addressed investors at Citi’s Global Healthcare Conference,
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Trump’s Proposed Rollback on Fuel Economy Rules Boosts European Carmakers’ Shares
Frankfurt, Germany / Detroit, USA – Shares of European carmakers surged between 2.5% and 5% in early Thursday trading following U.S. President Donald Trump’s proposal to relax fuel economy standards originally implemented under former President Joe Biden. The regulatory shift aims to make it easier for automakers to sell gasoline-powered vehicles in the U.S., potentially
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Watches of Switzerland Reports 15% Surge in U.S. Sales Amid Strong Demand for Luxury Timepieces
New York, USA – Luxury watch retailer Watches of Switzerland Group (WOSG.L) reported a 15% increase in U.S. sales for the first half of 2025, driven by heightened demand for high-end timepieces in its key market. The company attributes the growth to strong consumer interest in premium watch brands such as Rolex, TAG Heuer, and
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Italian Police Request Governance Documents from 13 Luxury Fashion Brands Amid Labor Abuse Probe
Milan, Italy – Italian authorities on Wednesday visited the headquarters of 13 high-end fashion firms, requesting detailed documentation on corporate governance and supply-chain oversight as part of an investigation into alleged worker exploitation at subcontractors. Judicial documents obtained by Reuters show the move is part of a broader effort to scrutinize labor practices in the
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Russia Imposes Restrictions on Apple’s FaceTime Following WhatsApp and Telegram Limitations
Moscow, Russia – Russian authorities have imposed restrictions on Apple’s video-calling app FaceTime, according to local news agencies. The move comes amid ongoing limitations on other popular messaging and calling services, including WhatsApp and Telegram, which were previously restricted for voice and video calls in the country. The new restrictions on FaceTime reflect Russia’s continued
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Fintech Firm Marquis Alerts Businesses Following Ransomware Attack Exposing Customer Data
Texas, USA – Fintech and marketing services provider Marquis has informed U.S. banks and credit unions that it experienced a ransomware attack in August, potentially compromising sensitive customer data. The company disclosed the breach in a filing with Maine’s Attorney General on Tuesday. “Suspicious activity was detected on our network, and subsequent investigation confirmed a
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U.S. Halts Plans to Sanction Chinese Spy Agency to Preserve Trade Truce, FT Reports
Washington, D.C. / Beijing, China – The United States has suspended plans to sanction China’s Ministry of State Security over a large-scale cyber espionage campaign, reportedly to avoid undermining a trade truce reached earlier this year, according to the Financial Times. The cyber campaign, tracked under the codename Salt Typhoon, involved Chinese-linked hackers targeting numerous
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