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Nigeria Loses $1,000 Per Barrel on Crude Oil Exports

Financeflsahnews - Nigeria is incurring a significant loss of $1,000 on every barrel of crude oil it exports, according to energy policy expert Henry...

SunPower Files for Bankruptcy Amidst Solar Industry Struggles

FinanceFlashNews - SunPower Corporation, a leading player in the solar energy sector, has filed for bankruptcy protection. The California-based company cited financial difficulties, including...

Swiss Franc Soars Amid Market Turmoil

Zurich, August 5 (FinanceFlashNews) – The Swiss franc surged to a near 10-year high against the euro on Monday as investors sought safe-haven assets...

L’Oréal Acquires 10% Stake in Swiss Dermatology Company Galderma

Key Takeaways: L'Oréal's acquisition of a 10% stake in Galderma marks its re-entry into the dermatological market. This move will provide L'Oréal with access to the...

German Auto Industry Calls for End to Tariffs on Chinese Electric Vehicles

Key Takeaways: The VDA believes that tariffs on Chinese electric vehicles are not the solution to address unfair subsidies. China’s subsidies for its electric vehicle industry...

Hugo Boss Exits Russia, Sells Business to Wholesale Partner Stockmann

Metzingen, August 5 (FinanceFlashNews) - German fashion brand Hugo Boss announced on Monday that it has sold its Russian business to its long-time wholesale...

Turkey’s Inflation Rate Slows in July

Key Takeaways: Turkey's inflation rate has slowed for the second consecutive month. The decline in inflation was observed across most major categories. Core inflation also showed a...

Oil Prices Dip Amid Economic Concerns, Despite Geopolitical Tensions

Singapore, August 5 (FinanceFlashNews) – Oil prices declined on Monday morning, driven by concerns over a global economic slowdown. While heightened tensions in the...

Revolut Valued at £35 Billion as Share Sale Looms

London (FNN Business) – Fintech giant Revolut is set to solidify its status as Europe's most valuable startup, with a new valuation of £35...

Shipping Costs Soar as Red Sea Conflicts Disrupt Global Trade

Key Points: Shipping costs have doubled due to conflicts in the Red Sea. Vessels are avoiding the Suez Canal, opting for longer routes. Higher shipping costs will...

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