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Hopes Of Foreign Carmakers’ Indian Dream Bit By Pandemic

AI Based Tools Being Tested By Facebook To Stop Fighting In Its Groups

Reader's Pick

Increased Likelihood Of Mild To Moderate Symptoms From Mix And Match Covid-19 Vaccine, Finds A New Study 05/21/2021

British Augmented Reality Company WaveOptics To Be Acquired By Snap For Over $500M 05/23/2021

Its Combustion Engine Line-Up Will Be Cut Down By Hyundai And Focus On EVs 05/28/2021

New Auto Battery Plant In Shanghai To Be Built By Tesla Supplier CATL: Reuters 06/04/2021

Momentum In Apparel Sale Prompted Gap To Raise 2021 Forecasts 05/28/2021

Latest Business News
Hopes Of Foreign Carmakers’ Indian Dream Bit By Pandemic

Hopes Of Foreign Carmakers’ Indian Dream Bit By Pandemic

Markets

The brutal second wave of Covid-19 infections coupled with limited government space for providing more stimulus for spending have indicated that a recovery for the Indian car market could lag far behind China and the United States which has dented the hopes of foreign automakers of a booming Indian car market.   After experiencing almost a decade of sales growth in the Indian market, car...
AI Based Tools Being Tested By Facebook To Stop Fighting In Its Groups

AI Based Tools Being Tested By Facebook To Stop Fighting In Its Groups

Companies

Social media platform Facebook plans to use artificial intelligence to help control conversations on its platforms form going out of control. The company is currently trying out the use of AI for spotting online fights in its many groups which will allow the group administrators to get things to calm down.   This was announced by the company in a recent blog post where the social media...
With Easing Pandemic Restrictions, H&M Reports Surge In Sale

With Easing Pandemic Restrictions, H&M Reports Surge In Sale

Companies

With restrictions imposed because of the Covid-19 pandemic being eased in many markets and with continued strength in online demand for its products, the fashion brand H&M reported a jump in sales in the period between March to May compared to a year earlier even though the revenue of the company were well below its pre [pandemic levels for the same period.   There was a 62 per cent...
GM To Enhance Expenditure On Electric And Autonomous Vehicles By 30%

GM To Enhance Expenditure On Electric And Autonomous Vehicles By 30%

Companies

United States based auto major General Motors Co plans to increase its spending globally on electric and autonomous vehicles through 2025. The company will spend 30 per cent more on these compared to what it had forecast most recently which will be about $35 billion, said reports quoting sources with knowledge of the matter.   Two additional battery plants in the United States and pushing...
South Korea’s Hyundai Talking Local Chipmakers To Reduce Foreign Dependence

South Korea’s Hyundai Talking Local Chipmakers To Reduce Foreign Dependence

Companies

Within a global shortage of chips, the South Korean auto giant Hyundai Motor Group is talking with domestic chip companies for reducing its reliance on foreign supplies of chips, said reports quoting sources with knowledge of the matter. The chip shortage globally has forced many auto makers to halt production and assembly lines all around the world.   Hyundai is trying to set a long term...
Blackstone Set To Make A $3.05 Bln Bud To Acquire Chinese Office Developer Soho China

Blackstone Set To Make A $3.05 Bln Bud To Acquire Chinese Office Developer Soho China

Companies

The United States based private equity firm Blackstone Group Inc. is close to striking an agreement for the acquisition of the office developer Soho China Ltd., said reports quoting sources familiar with the matter, in what would make the deal, if successful, the biggest real estate investment by the Blackstone Group in China, the largest economy of Asia.   According to the unnamed sources...
China Gives License To BlackRock To Start Mutual Fund Business There

China Gives License To BlackRock To Start Mutual Fund Business There

Companies

Chinese authorities have granted permission to start its business in the country as Beijing starts to open up its $3.5 trillion industry. That makes BlackRock the first global asset management company to start business in China as a wholly-owned onshore mutual fund company.   Approval to start the operation to its Chinese fund management unit was given to it by the China Securities...
Tesla’s Faster Model S 'Plaid' Launched, Musk Says 'This Car Crushes'

Tesla’s Faster Model S 'Plaid' Launched, Musk Says 'This Car Crushes'

Companies

"This car crushes," said Elon Musk, CEO of the United States based electric car maker Tesla Inc as it launched a version of its Model S at an event organized at Tesla's US factory in Fremont, California.   Through this launch, the company aims to tackle competition from rivals such as Porsche, Mercedes-Benz and Lucid Motors in the luxury electric vehicle market as well as to potentially...
Tesla Launches High-Performance Model S ‘Plaid’ To Rival Luxury Brands Like Mercedes, Porsche

Tesla Launches High-Performance Model S ‘Plaid’ To Rival Luxury Brands Like Mercedes, Porsche

Companies

United States based electric car maker Tesla Inc launched a version of its Model S, which will be a high performance vehicle, as the company aims to tackle competition from rivals such as Porsche, Mercedes-Benz and Lucid Motors in the luxury electric vehicle market and to potentially reignite consumer interest in the decade old sedan.    The launch of its high-end Model S that had a...
12 Year Fastest Growth In China’s Factory Gate Prices Which Adds To Global Inflation Pressures

12 Year Fastest Growth In China’s Factory Gate Prices Which Adds To Global Inflation Pressures

Markets

The pace of rise of factory gate prices in the month of May in China was the fastest in 12 years because of a surge in commodity prices which added on to the global price pressures even as policy makers are trying to reignite growth of economies from the  Covid-19 induced slump.   There are increasing worries among investors that the stimulus measures implemented by government in...
UK Wants City Of London Be Exempt From G7 Global Tax Plan: Reports

UK Wants City Of London Be Exempt From G7 Global Tax Plan: Reports

Markets

Britain is trying to get an exemption for the City of London from a proposed new global minimum corporation tax system that was adopted by the Group of Seven (G7) economies during last weekend, claimed a report published by the Financial Times reported.   Arguing that the proposed new taxation system could affect global banks with headquarters in London, the United Kingdom was among those...
29% Surge In Sale Of Tesla's China-Made Vehicle Sales In May

29% Surge In Sale Of Tesla's China-Made Vehicle Sales In May

Companies

There was a 29 per cent surge in the sale of China made cars from the United States based electric car maker Tesla Inc in May as the company sold 33,463 electric cars made in China in the month, showed data from the China Passenger Car Association (CPCA) on Tuesday.   CPCA said that on a year on year basis, there was 177 per cent jump in the sale of new electric vehicle in China in May....

World

Biden Revokes Trump Ban On Tiktok, Wechat But Orders New Review

Biden Revokes Trump Ban On Tiktok, Wechat But Orders New Review
A series of Trump-era executive orders aimed at China were withdrawn by US President Joe Biden. Those executive orders that were passed by the former President Donald Trump were aimed at banning new...

Increased Likelihood Of Mild To Moderate Symptoms From Mix And Match Covid-19 Vaccine, Finds A New Study

Increased Likelihood Of Mild To Moderate Symptoms From Mix And Match Covid-19 Vaccine, Finds A New Study
A study in the United Kingdom to understand the effect on people of having two doses of two different Covid-19 vaccines found greater likelihood of reporting of mild to moderate symptoms for mix and...

Following Tit-For-Tat Sanctions, Ratification Of EU-China Trade Deal ‘Suspended’

Following Tit-For-Tat Sanctions, Ratification Of EU-China Trade Deal ‘Suspended’
Following tit-for-tat sanctions that were imposed kin March over the China’s treatment of its Uyghur population, the efforts to ratify a massive investment deal between China and the European Union...

Recovery Plans and Major Infrastructure Projects: Drawing Inspiration from France?

Recovery Plans and Major Infrastructure Projects: Drawing Inspiration from France?
The disastrous economic consequences of the COVID-19 pandemic and the subsequent national lockdowns have put unprecedented pressure on governments across the globe. Kickstarting economies through...

'Double Mutant' Variant Of The Covid-19 Virus Found In India

'Double Mutant' Variant Of The Covid-19 Virus Found In India
Examination of the Covid-19 samples collected from 18 states across India has revealed the existence of a new double mutant variant of the coronavirus as well as 771 others. Reports said that out...

People

British Health Body Claims Two Shots Of Covid-19 Vaccine Effective Against India Variant

British Health Body Claims Two Shots Of Covid-19 Vaccine Effective Against India Variant
Health officials in the United Kingdom have said that the efficacy and effectiveness of a double dose of Covid-19 vaccines is almost the same for the fast spreading variant of the coronavirus that...

US Restarts Use Of J&J Covid-19 Vaccine After A 10-Day Pause

US Restarts Use Of J&J Covid-19 Vaccine After A 10-Day Pause
The United States ended its 10-day pause for the use of the cxovid-19 vaccine from Johnson & Johnson and the country can now use the vaccine immediately.   The usage was halted to...

The Most Common Side Effects After Receiving Covid-19 Vaccine Listed By America’s CDC

The Most Common Side Effects After Receiving Covid-19 Vaccine Listed By America’s CDC
Data about the most common side effects reported by Americans after taking shots of the Covid-19 vaccine from Pfizer or Moderna was released by the United States’ Centers for Disease Control and...

Covid-19 School Closures Make More Children Vulnerable To Trafficking, Says UN Report

Covid-19 School Closures Make More Children Vulnerable To Trafficking, Says UN Report
According to a report prepared by the United Nations, children are being targeted at an increasingly greater extent all across the world and traffickers will likely take advantage of the Coid-19...

Pandemic Conspiracies About Him Surprises Bill Gates

Pandemic Conspiracies About Him Surprises Bill Gates
The volume of "crazy" and "evil" conspiracy theories about him that were being spread all across social media during the Covid-19 pandemic about the Microsoft co-founder turned philanthropist Bill...

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