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Bill To Outlaw Trade In Dog Meat Passed By The Parliament Of South Korea
South Korea's parliament passed a bill on Tuesday to ban the consumption and sale of dog meat, outlawing the contentious centuries-old practice amid increased support for animal welfare. ...
The Two Priciest Cities In The World Are Singapore And Zurich
The Economist Intelligence Unit (EIU) has announced that Singapore and Zurich were tied for the most expensive cities in the world this year, followed by Geneva, New York, and Hong Kong....
Pocket wallets vs. smartphones: Can we replace cash with digital currencies?
The more than a decade-long history of cryptocurrency has clearly demonstrated that the world is keen on the new form of money. The crypto frenzy has even prompted leading central banks to work on...
Most Popular
Apple Supplier Foxconn Is Optimistic About 2024 And Notes A Significant Demand For AI Servers
US House Approves Bill Mandating That ByteDance Sell TikTok Or Risk Being Banned
With No Other Options, Airlines Attempt To Make The Best Out Of Boeing's Problems
What Is Known About The Chinese Owner Of The Platform TikTok
Tesla And Its Competitors Receive Bad Grades For Their Automated Driving Systems
OpenAI Refutes Allegations In Elon Musk Lawsuit And Said No Founding Agreement Was Ever There
Ikea Is Lowering Prices As Inflation Declines, And Further Reductions May Be Forthcoming
Plans For Electric Vehicles By Indian Auto Companies
Latest News
What Is Known About The Chinese Owner Of The Platform TikTok
Plans For Electric Vehicles By Indian Auto Companies
Reader's Pick
Microsoft's Specialised 'Copilot' Approach Customises AI For Financial Teams
29/02/2024
Apple Supplier Foxconn Is Optimistic About 2024 And Notes A Significant Demand For AI Servers
14/03/2024
Target Announces A Paid Membership Tier And Expects Sales To Rebound In 2024
07/03/2024
US House Approves Bill Mandating That ByteDance Sell TikTok Or Risk Being Banned
14/03/2024
Lefties: Zara's Covert Tool In The Battle Against Shein For Rapid Fashion
26/02/2024
Latest Business News
What Is Known About The Chinese Owner Of The Platform TikTok
Companies
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16/03/2024
In the biggest threat to the app since the Trump administration, the U.S. House of Representatives easily passed a bill this week that would give ByteDance, the Chinese company that owns TikTok, roughly six months to sell off the U.S. assets of the short video app or risk being banned. What is known about the Chinese business, which was estimated to be worth $268 billion in December, is...
Plans For Electric Vehicles By Indian Auto Companies
Markets
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16/03/2024
India announced on Friday that it would reduce import duties on a select range of electric vehicles made by automakers who pledge to invest a minimum of $500 million and initiate local production within a three-year timeframe. Due to a global slowdown in EV growth, the regulation will make domestic automakers more competitive with firms like VinFast and Tesla, who are vying for market...
US House Approves Bill Mandating That ByteDance Sell TikTok Or Risk Being Banned
Companies
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14/03/2024
In the biggest danger to the short-video app TikTok since the Trump administration, the U.S. House of Representatives overwhelmingly backed a bill that would give ByteDance, the Chinese company that owns TikTok, roughly six months to sell off its U.S. assets or risk having the app banned. With a bipartisan vote of 352-65, the law was approved, but it now faces an uncertain future in the...
With No Other Options, Airlines Attempt To Make The Best Out Of Boeing's Problems
Companies
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14/03/2024
The safety problem at Boeing has upset airline officials, and they are furious. But they are forced to work with the American planemaker in a competitive market for large planes provided by two companies. Carriers are still in the process of negotiating new plane purchases, hoping to take advantage of Boeing's delays in order to gain better terms, despite some public demonstrations of...
Apple Supplier Foxconn Is Optimistic About 2024 And Notes A Significant Demand For AI Servers
Companies
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14/03/2024
Foxconn, the Apple supplier and contract manufacturer, announced on Thursday that it anticipated a sharp increase in income this year due to the surge in demand for artificial intelligence servers. This is a significantly more optimistic outlook than it had previously held. The optimistic outlook follows a 33% increase in net earnings for the fourth quarter that exceeded...
Tesla And Its Competitors Receive Bad Grades For Their Automated Driving Systems
Markets
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12/03/2024
The U.S. Insurance Institute for Highway Safety gave Tesla's Autopilot and Full Self Driving technology, along with nine other assisted-driving systems used by big manufacturers, "poor" grades in a new report that was issued on Tuesday. Based on crash data, the IIHS, the insurance industry's safety research arm, likewise declared that there is no proof that Autopilot or other...
Ikea Is Lowering Prices As Inflation Declines, And Further Reductions May Be Forthcoming
Companies
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12/03/2024
As the rate of inflation around the world decreased, the Swedish furniture and home furnishings company Ikea increased its investments in price reductions and started slashing prices in several nations. In an effort to moderate price hikes that were implemented in 2022, the corporation is extending its price reductions in all of its international markets in 2024. This action coincides...
OpenAI Refutes Allegations In Elon Musk Lawsuit And Said No Founding Agreement Was Ever There
Companies
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12/03/2024
Elon Musk, the CEO of Tesla, sued the startup earlier this month, and OpenAI has contested a fundamental assertion he made. OpenAI is facing numerous legal challenges as it tries to market its ChatGPT chatbot and underlying AI algorithms, including the Musk lawsuit and cases for copyright infringement from the New York Times and writers. In response to Musk's complaint last week, OpenAI...
The Crises Involving Byju's And PayTm Deal A Serious Blow To India's Once-Thriving Tech Industry
Markets
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08/03/2024
This year, the burgeoning Indian tech industry has been dealt a serious blow when startup darlings Byju's and a former Paytm affiliate went bankrupt under regulatory investigation. “There’s been a bit of a reality check for the last couple of years in terms of how to keep corporate governance practices up at a level which is sustainable and at a world class level,” said Karan Mohla,...
Broadcom’s Stocks Fall Even After The Company Forecasts $10 Billion Revenues From In AI Chip Sale In 2024
Companies
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08/03/2024
Although the tech firm Broadcom's full-year prediction failed to excite investors, it indicated that it anticipates $10 billion in sales this year from semiconductors connected to artificial intelligence. Despite this, the price fell. Due to lower-than-expected revenue, smaller rival Marvell Technologies' stock fell more than 6% during extended trading. Investors, who...
The Revolutionary Huawei Chip Had Utilised Technology From Two US Equipment Companies
Companies
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08/03/2024
According to reports quoting information from persons with knowledge of the situation, Huawei Technologies Co. and its partner Semiconductor Manufacturing International Corp. relied on US technology to develop an advanced chip in China last year. They asked not to be identified because the information is confidential, but Shanghai-based SMIC employed equipment from California-based...
Target Announces A Paid Membership Tier And Expects Sales To Rebound In 2024
Companies
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07/03/2024
Target's shares increased 12% after the company posted better holiday-quarter earnings on a smaller-than-expected sales fall and forecast that annual comparable sales would come in considerably above Wall Street estimates. To increase sales at its outlets, the mass merchandiser is counting on same-day services, new product launches, and a new membership programme. Target CEO...
World
Global Warming Causes The First 12-Month Period Above 1.5C
According to the European Union's climate change monitoring service, the world just had its warmest January on record, making it the first 12-month period in which average temperatures were more than...
2023 Was The Second-Warmest Year Ever For The UK
The national weather service of the United Kingdom, Met Office, announced that 2023 was the second-warmest year on record for Britain. This finding highlights the increasing influence of human-caused...
Fury And Dissatisfaction As The COP28 Draft Language Leaves Out The Phase-Out Of Fossil Fuels
On the last day of the global conference, the proposed language for a COP28 climate agreement that does not call for the phase-out of fossil fuels has come under heavy fire from influential figures,...
Brazil Joins The Global Climate Accord To Increase Renewable Energy Usage By Three Folds
Brazil has joined a potential agreement supported by the United Arab Emirates, the United States, and the European Union to treble the amount of renewable energy produced globally by 2030 and move...
The Rise of India and the Decarbonisation of its Economy
Ranked 14th in the world for gas consumption in 2022, with a growing dependence on imports, India plans to further increase its use of LNG. This appetite stems from both the economic development of...
People
In A New York Corporate Fraud Lawsuit, Trump Slapped Fines And Interest Of $454 Million
A New York judge ruled in the former president's civil business fraud trial on Friday, ordering him to pay a total of approximately $454 million in penalties. According to an attorney...
Survey Finds 80% Employees In Asia Face Moderate To High Risk For Mental Health Issues
Employees in Asia are under "significant mental health strain," with 82% at moderate to high risk of being depressed. According to a recent study by insurance broker Aon and TELUS Health,...
The Way Bankman-Fried Of FTX Obtained A $250 Mln Bail
On Thursday, FTX founder Sam Bankman-Fried agreed to a bail deal that would see him released on a $250 million bond secured against his parents' property, with movement restrictions. ...
Majority Of Elon Musk’s Twitter Followers Do Not Want Him As Twitter Chief, Shows A Musk-Conducted Pool
Less than two months after taking over as CEO of the social media platform, Elon Musk faced backlash from Twitter users who voted in a poll for him to resign. According to the poll the...
Elon Musk Looses Position As The World's Richest Individual
Tesla CEO Elon Musk is no longer the world's richest person. According to Forbes, he handed over that title to LVMH chairman and CEO Bernard Arnault at the end of the day on Monday. Tesla...