Global electronics manufacturing giant Samsung’s operating profits dropped by 69 percent in the fourth quarter of 2022. The downturn reduced Samsung’s operating profit to $3.4 billion in the quarter that ended in Dec. 2022. The company has cited the diminished demand for electronics products and semiconductors resulting from the slowing global economy as the main cause of the drop. “Amid continued... 

After the 2008 financial crisis, calls rang out across establishment publications and the executive offices of Wall Street that we were witnessing the death of globalization. The calls grew louder and more numerous after Brexit, the election of Donald Trump, the pandemic, and Russia’s invasion of Ukraine. Yet the data appears to dispute this narrative. Global trade hit a record $28.5 trillion... 

The Walt Disney Co. saw $123 billion of its market value evaporate in 2022 as its stock dropped 44 percent amid profitability concerns, CEO musical chairs, and a suicidal embrace of woke identity politics. Not even Avatar: The Way of Water could lift the studio’s financial outlook as investors brace for what looks to be a turbulent several months ahead. Disney’s abysmal 2022 represents its worst... 

In a federal complaint submitted on Tuesday, United States Virgin Islands Attorney General Denise George stated that financial behemoth J.P. Morgan Chase “turned a blind eye” to evidence of Jeffrey Epstein’s alleged sex trafficking enterprise. According to information and belief, JP Morgan ignored signs of human trafficking for more than ten years due to Epstein’s personal... 

One of the top software developers in the world and US IT giant Microsoft has been compelled to pay €60 million ($64 million) after French authorities found it guilty of breaking local laws. The nation’s privacy authority announced that it had fined the corporation over its dishonest use of ad cookies, which is now the largest this year. When a user visits a website, a web server creates and... 

U.S. Secretary of State Antony Blinken made the announcement that the United States will provide Ukraine access to Patriot missiles, its most advanced air defense system, just in time for Ukrainian President Volodymir Zelensky’s first foreign trip since his nation was invaded by Russia. In a statement, Secretary of State Antony Blinken said that “today’s aid package includes for... 

As part of its strategy to reduce its reliance on Russian energy, the European Union lowered its natural gas consumption by 20.1% from August to November compared to the same months in 2017–2021, the European Statistical Office (Eurostat) said on Tuesday. In comparison to the average gas consumption for the same months (August to November) between 2017 and 2021, the EU’s natural gas consumption... 

Elon Musk is set to step down as Twitter CEO after he promised to abide by the results of a poll, the final results of which showed a majority of respondents desiring to see him give up the position. Musk posted the poll late last night and left it to run for only 12 hours. “Should I step down as head of Twitter?” asked Musk. “I will abide by the results of this poll.” The final result showed... 

On Wednesday, Dec. 14, the Romanian government approved a sizeable military equipment purchase within Phase I of the country’s “Light Tactical Armored Vehicles – ATBTU” armament program. “The approved specific procedure is aimed at awarding a multi-year contract for the supply of 1,059 ATBTUs in nine configurations — one basic variant and eight derivative types, necessary for the armament... 

Romania, angered by Austria’s decision last week to single-handedly veto the country’s accession to the border-control-free Schengen Area of the European Union, has recalled its ambassador to Vienna, Emil Hurezeanu. Romania has also called on Romanian nationals to boycott Austrian holiday resorts during the winter ski season. Last Thursday, only one of three Schengen hopefuls, Croatia, was admitted... 

Pope Francis has urged Christians to spend less on Christmas this year and to send whatever they save to the people in Ukraine. Speaking to the crowds gathered for his weekly General Audience on Wednesday, the Pope said: “Brothers and sisters, I tell you, there is so much suffering in Ukraine, so much, so much” “I would like to draw some attention to the coming Christmas, even the parties”... 

In what is being interpreted as a “troll”, the African country of Namibia is now offering to take in Germans fleeing inflation and high electricity prices in their homeland. Namibia, a former German colony in southwest Africa, is lending a helping hand to Germans fed up with the ever-increasing cost of living. The country’s president, Hage Gottfried Geingob, received German economy... 

Unrest is spreading across Lebanon as angry citizens unable to withdraw their own money from the nation’s banks storm their local branches with pistols and Molotov cocktails. Like some other nations are beginning to do, Lebanon has imposed new limits on how much money depositors are allowed to withdraw from their savings accounts, which is preventing many from purchasing the things they need for... 

This week US Secretary of State Antony Blinken announced the US is prepping more aid to the Ukrainian government, particularly focusing on propping up its devastated energy infrastructure, but also for the first time unveiling that the tiny country of Moldova will be receiving significant aid for its failing energy grid. “We know that standing up for Ukraine means accepting difficult costs, particularly... 

In response to a data breach that exposed the personal information of more than 500 million Facebook users, Ireland’s Data Protection Commission (DPC) fined Meta $275 million on Monday. The Irish authority, tasked with upholding EU privacy legislation, has fined Meta more than $945 million since last October. The DPC announced the fine in a statement, noting that between May 2018 and September...