Sections

ideals
Business Essentials for Professionals
Markets
Companies
M&A
Innovation
People
Management
Lifestyle
World
Misc

Lifestyle

Pocket wallets vs. smartphones: Can we replace cash with digital currencies?

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...

Researchers Suggest Previous Studies On Smartphone Addiction May Be Flawed

Researchers Suggest Previous Studies On Smartphone Addiction May Be Flawed
Researchers are now suggesting the there are some serious flaws in a large majority of studies and surveys that have been conducted in recent times which examines the impact on the psychological...

Myth Of Positive Health Impact Of Moderate Drinking Debunked In New Study

Myth Of Positive Health Impact Of Moderate Drinking Debunked In New Study
Earlier studies which had given rise to the notion that one or two drinks a day might protect against stroke have been negated in the results of a major genetic study which has also claimed a very...
Most Popular

Rising Gasoline Prices Could Affect Fares, Says Qantas

Recent Study Claims The Merck Covid Medication Is Connected To Virus Alterations That Can Transfer Between Humans

Credit Card Losses Have Increased At The Quickest Rate Since The Great Financial Crisis

The Founder Of Evergrande Is One Of Several Chinese Businessmen Being Looked Into And Detained

Expected Reduction In Tesla Deliveries Due To Factory Closures And Weak Demand

After Failing To Make A Bond Payment, China Evergrande Shares Decline For A Second Day

OpenAI Claims Users Of ChatGPT Would Now Be Able To Access The Internet

Tesla Is Developing 'Gigacasting' Technology To Mould The Underbody In One Piece, According To A Report

Police Are Monitoring Evergrande Chairman; Possibility Of Liquidation Is Growing

HSBC Will Acquire Citigroup China's Consumer Wealth Business - Reports

Latest News

Expected Reduction In Tesla Deliveries Due To Factory Closures And Weak Demand

The Founder Of Evergrande Is One Of Several Chinese Businessmen Being Looked Into And Detained

Reader's Pick

Toyota Stakes New Technology And Conventional Wisdom In The EV War 19/09/2023

Ripple Makes Its Second Acquisition Of 2023 As It Acquires A Crypto Infrastructure Startup 10/09/2023

Reports Claim SoftBank's Arm IPO Was Six Times Oversubscribed 10/09/2023

Survey Finds 80% Employees In Asia Face Moderate To High Risk For Mental Health Issues 20/09/2023

AI Partnership Between Nvidia, And Reliance In India For Apps And Language Models 08/09/2023

Latest Business News
Expected Reduction In Tesla Deliveries Due To Factory Closures And Weak Demand

Expected Reduction In Tesla Deliveries Due To Factory Closures And Weak Demand

Companies

Several Wall Street analysts cautioned in the lead-up to the report that could come as early as Sunday that Tesla may miss projections for third-quarter deliveries owing to planned manufacturing shutdowns and lacklustre demand that caused the automaker to hike discounts.   Brokerages such as Barclays, Baird, and Guggenheim attributed the probable weakness to downtime at the automaker's...
The Founder Of Evergrande Is One Of Several Chinese Businessmen Being Looked Into And Detained

The Founder Of Evergrande Is One Of Several Chinese Businessmen Being Looked Into And Detained

Companies

The founder of China Evergrande, the most indebted real estate developer in the world, is under investigation for "illegal crimes," which presents a new obstacle for the tycoon and his troubled business as it tries to survive.   Since Chinese President Xi Jinping assumed office in 2012, Hui Ka Yan, 64, the founder of Evergrande in the southern Chinese province of Guangdong, has come under...
HSBC Will Acquire Citigroup China's Consumer Wealth Business - Reports

HSBC Will Acquire Citigroup China's Consumer Wealth Business - Reports

Companies

HSBC is planning to purchase Citigroup's China consumer wealth management company, which oversees more than $3 billion in assets, according to reports quoting sources with knowledge of the situation. This will significantly expand the London-based bank's operations in that nation.   One of the sources reportedly stated that "a few hundreds" of Citi's employees who work in China will be...
OpenAI Claims Users Of ChatGPT Would Now Be Able To Access The Internet

OpenAI Claims Users Of ChatGPT Would Now Be Able To Access The Internet

Companies

The web will now be accessible to ChatGPT users, according to Microsoft-backed OpenAI, extending the data the popular chatbot may access past its original September 2021 limit.   According to the artificial intelligence startup, ChatGPT's most recent browsing feature will let websites manage how ChatGPT communicates with them.   "Browsing is available to Plus and Enterprise users...
Police Are Monitoring Evergrande Chairman; Possibility Of Liquidation Is Growing

Police Are Monitoring Evergrande Chairman; Possibility Of Liquidation Is Growing

Companies

According to a report published in Bloomberg News, authorities in China have placed under police surveillance the chairman of China Evergrande Group, casting further doubt on the developer's future as it faces liquidation.   According to the article, Hui Ka Yan, who created Evergrande in 1996 in the southern city of Guangzhou, was detained by police early this month and is being...
Tesla Is Developing 'Gigacasting' Technology To Mould The Underbody In One Piece, According To A Report

Tesla Is Developing 'Gigacasting' Technology To Mould The Underbody In One Piece, According To A Report

Companies

According to unnamed sources close to the manufacturer, Tesla is working on an improvement to its "gigacasting" technique to die cast nearly all of the vehicle's underbody components in one piece, the Shanghai Securities News said on Wednesday.   The state-owned Chinese publication did not specify when or where the upgrade will take place; its story was based on a recent visit to Tesla's...
After Failing To Make A Bond Payment, China Evergrande Shares Decline For A Second Day

After Failing To Make A Bond Payment, China Evergrande Shares Decline For A Second Day

Companies

The shares of the troubled real estate developer China Evergrande Group fell for a second straight day on Tuesday, falling as much as 8% after one of its units failed to make an onshore bond repayment.   Hengda Real Estate Group, the primary domestic subsidiary of Evergrande, reported late on Monday that it had missed the Sept. 25 principal and interest payment deadline for a bond worth 4...
Recent Study Claims The Merck Covid Medication Is Connected To Virus Alterations That Can Transfer Between Humans

Recent Study Claims The Merck Covid Medication Is Connected To Virus Alterations That Can Transfer Between Humans

Companies

A new study published this week raised concerns about whether the commonly used antiviral Covid tablet from Merck could potentially speed up the evolution of the virus by causing mutations that occasionally transmit to other people.   The research may raise questions regarding the efficacy of the medication molnupiravir, one of the first Covid medications made available to doctors around...
Credit Card Losses Have Increased At The Quickest Rate Since The Great Financial Crisis

Credit Card Losses Have Increased At The Quickest Rate Since The Great Financial Crisis

Markets

With the exception of the Great Financial Crisis, credit card businesses are suffering losses at the greatest rate in over 30 years, according to Goldman Sachs.   Although initial increases were probably reversals from stimulus, credit card losses reached their lowest point in September 2021, and since the first quarter of 2022, they have been growing quickly. Since then, the pace of...
Rising Gasoline Prices Could Affect Fares, Says Qantas

Rising Gasoline Prices Could Affect Fares, Says Qantas

Companies

The largest airline in Australia, Qantas Airways, announced on Monday that it would spend more money than initially anticipated to address "customer pain points," but also issued a warning that rising fuel prices could compel it to boost prices above their current levels.   Investors questioned the airline's capacity to increase profits in light of its continually high costs after the...
India Will Postpone Approving Laptop Imports In Response To Industry And US Opposition: Report

India Will Postpone Approving Laptop Imports In Response To Industry And US Opposition: Report

Markets

According to two government officials, India will postpone the import licence requirement for laptops and tablets after industry and the U.S. government objected to the measure, which might harm Apple, Samsung, and other companies.   The administration will evaluate whether to enact a licencing scheme or not when the plan is postponed for a year, one of the officials told Reuters on...
Advertising Will Start To Appear On Amazon Prime Video Programming Next Year

Advertising Will Start To Appear On Amazon Prime Video Programming Next Year

Companies

In order to invest more money in producing TV episodes and movies, Amazon plans to add advertisements to its Prime Video streaming service in 2024.   Customers of UK Prime, as well as those in the US, Germany, and Canada, will begin to see advertisements in early 2019 unless they pay an additional fee to subscribe to a "ad-free" option.   Amazon claimed in a statement that Prime...

World

Temperatures Are Rising As The El Nino Weather Trend Is Back

Temperatures Are Rising As The El Nino Weather Trend Is Back
After the El Nino weather pattern erupted in the tropical Pacific for the first time in seven years on Tuesday, the World Meteorological Organisation predicted that temperatures will spike in many...

UN Food Agency Informs Hike In Global Food Prices - A First Time In Nine Months

UN Food Agency Informs Hike In Global Food Prices - A First Time In Nine Months
The UN Food and Agriculture Organization's world price index climbed in April for the first time in a year, although it is still 20% lower than a record high set in March 2022 following Russia's...

IMF's Chief Says Ukraine Is Just "Weeks" Away From Receiving Full Support Program

IMF's Chief Says Ukraine Is Just "Weeks" Away From Receiving Full Support Program
According to Kristalina Georgieva, managing director of the IMF, a comprehensive program of support for Ukraine is still several weeks away from being finalized.   This comes hours after the...

UN Concerned About Not Much Time Being Left With Surge In Greenhouse Gases

UN Concerned About Not Much Time Being Left With Surge In Greenhouse Gases
Greenhouse gas concentrations rose at above-average rates to new highs last year, according to the United Nations weather agency, which warned that time is running out for people to make the...

With Extensive New Export Regulations, US Hopes To Cripple China's Chip Industry

With Extensive New Export Regulations, US Hopes To Cripple China's Chip Industry
The Biden administration on Friday published a sweeping set of export controls, including a measure to cut China off from certain semiconductor chips made anywhere in the world with U.S. equipment,...

People

Survey Finds 80% Employees In Asia Face Moderate To High Risk For Mental Health Issues

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

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

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

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...

Reasons Why One Should Use A New Login, Passwords Quickly Following Microsoft’s Latest Data On Hacks

Reasons Why One Should Use A New Login, Passwords Quickly Following Microsoft’s Latest Data On Hacks
If your password has recently been compromised, you are not alone.   The number of password attacks has risen to an estimated 921 per second. According to the most recent Microsoft Digital...