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Airbnb’s IPO is Finally Happening, But Will its Stock be a Winning Investment?

By Yasin Ebrahim and Liz Moyer Investing.com -- Airbnb, the home-sharing company that shook up the hospitality industry, is preparing for its public debut. An initial public offering expected to value it at more than $30 billion is finally set to launch on Wednesday, with Airbnb listing on Nasdaq under the ticker symbol ABNB. It is just one of several big IPOs this...

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Britain’s MoD in talks to control steelmaker for nuclear submarines – Sky News

(Reuters) - Britain is working on a plan to take control of one of Britain's oldest steelmakers to secure the supply chain for the country's nuclear submarine fleet, Sky News reported on Saturday. The Ministry of Defence (MoD) had enlisted Deloitte to advise it on the talks with privately-owned Sheffield Forgemasters, Sky News said, citing steel industry sources. The MoD could...

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NMC founder challenges Indian immigration’s move to prevent him flying to UAE

By Abhirup Roy and Saeed Azhar MUMBAI/DUBAI (Reuters) - The founder of troubled hospital operator NMC Health has filed a legal challenge against a move by Indian immigration authorities to prevent him from departing to the United Arab Emirates (UAE) last month, according to his court petition seen by Reuters. BR Shetty's NMC, listed in London and UAE's biggest hospital group, went into...

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Russian pipe-laying vessel stops near Nord Stream 2 construction site

MOSCOW (Reuters) - Russian pipe-laying vessel Akademik Cherskiy stopped on Saturday near the construction site of the Nord Stream 2 gas pipeline in the Baltic Sea, Refinitiv Eikon data showed on Saturday, with work on the project set to resume. The consortium led by Gazprom (MCX:GAZP) building the 1,230 kilometre (km) pipeline said last month that work would resume after it was...

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Norway’s Yara says Belarus potash supplier must stop punishing workers

OSLO (Reuters) - Belarus's state-run potash miner Belaruskali must stop punishing workers for taking part in strikes and anti-government protests, and also needs to improve workplace safety, one of the company's biggest customers said on Saturday. Norway's Yara ASA, which is among the world's largest fertiliser companies and a leading buyer of potash from Belaruskali, said the situation at the Belarusian firm...

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Sony to shut a Malaysia factory, consolidate facilities

By Liz Lee KUALA LUMPUR (Reuters) - Sony Corp will close a factory in Malaysia next year to consolidate its operations in its other plant in the state for efficiency, the Japanese electronics giant said on Saturday. The company told Reuters in an email to Reuters that it always takes into account market conditions, business growth potential and other factors, as part...

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Tesla says Black people hold just 4% of its U.S. leadership roles

(Reuters) - Black employees make up just 4% of Tesla Inc's American leadership roles and 10% of its total workforce in the country, the electric carmaker has disclosed in its first U.S. diversity report. Women comprise 17% of the company's U.S. leadership roles - directors and vice presidents - and 21% of the overall workforce, according to the report. The figures for...

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Dow Hits Record as Bulls Feast on Stimulus Hopes

By Yasin Ebrahim Investing.com – The Dow climbed to an intraday record Friday, as traders bet a wobble in the jobs market will force U.S. lawmakers to roll out a fiscal relief package sooner rather than later. The Dow Jones Industrial Average rose 0.68%, or 202 points to a record 30,172. The S&P 500 was up 0.64%, while the Nasdaq Composite gained 0.56%. All...

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