Other news

As reported Sunday by the Financial Times, activist investor Elliott Management Corp has come up with the decision for Philip Morris International’s (PMI) bid for Swedish Match. PMI has won the support of a key shareholder. The deal is worth $16 billion.

Amazon is changing its hiring policy on the back of an unpredictable economic situation.

Eurozone finance ministers plan to meet on Monday, Nov. 7, in order to debate on supporting the economy in the context of rising energy prices. Reducing uncertainty over a budget allocation for 2023 may also be on the agenda, so that effective measures can be taken in view of a looming recession.

According to Francois Villeroy de Galhau, governor of the Bank of France, the European Central Bank has no choice but to raise interest rates until core inflation reaches its highest levels.

Exxon Mobil Corp will cover the losses of up to $2 billion. This money was received from the sale of a problematic offshore oil and gas field in California.

Apple Inc expects a lower number of shipments of high-end iPhone 14 models. In October, Apple with $2.2 trillion in assets, forecasted that its revenue would fall below 8% in the December quarter.

Apple Inc. is planning to boost revenue from advertising during live matches as part of the deal with Major League Soccer (MLS) to broadcast matches on its streaming service Apple TV next year, as reported Friday by Bloomberg News, citing sources.

One of the major banks, JPMorgan, has successfully accomplished its first international transaction via decentralized finance (DeFi) on a public blockchain. The transaction was made on November 2 through Project Guardian.

Restrictions imposed in China due to the COVID-19 pandemic have hurt businesses so badly that it caused service sector activity to drop in October.

According to CNBC, mortgage origination volume has dropped again in recent weeks. As a consequence, there are fears that the bank will have to lay off more workers.