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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

India’s Adani Group Rebuts Hindenburg Report, Claims To Have Made All Required Disclosures

Intel Cuts Pay For Employees And Executives Due To PC Market Slowdown

The Classic Jumbo Jet, Boeing's 747, Gets Ready For Last Send-Off

$8 Billion Wiped Off From Market Value Of Intel In A 'Historic Collapse'

Exxon Exceeds The Profits Of Western Oil Majors By $56 Billion In 2022

New Rolls-Royce CEO Warns Employees Of 'Last Chance' To Change, Resulting In Sump In Company Stocks

Ford Will Lower Cost Of The Mustang Mach-E, Emulating Tesla's Example

Adani Group Of India Has Been Hit By A $48 Billion Stock Rout, Blurring A Record Share Sale

Bankruptcy Filing By Bed Bath & Beyond Could Be As Soon As This Week

Tesla And Insurers Adopt Different Approaches To Dealing With Costly Repairs

Latest News

Intel Cuts Pay For Employees And Executives Due To PC Market Slowdown

Exxon Exceeds The Profits Of Western Oil Majors By $56 Billion In 2022

Reader's Pick

Tender Sale Of China's Evergrande's Hong Kong Headquarters Has Failed Yet Again, According To Sources: Reports 03/01/2023

With Outflows, Job Cuts, And A Lawsuit, Cryptocurrency Firms Are Off To A Bumpy Start In 2023 06/01/2023

Chinese Businesses Can 'Hire' A Virtual Employee For $14k Annually 02/01/2023

Tesla Cuts Prices Globally In An Aggressive Challenge To Its Rivals 14/01/2023

UK Establishes A Nuclear Fuel Fund In Order To Reduce Its Dependence On Russia 02/01/2023

Latest Business News
Intel Cuts Pay For Employees And Executives Due To PC Market Slowdown

Intel Cuts Pay For Employees And Executives Due To PC Market Slowdown

Companies

Intel Corp announced broad salary cuts for employees and executives on Tuesday, just a week since the firm had announced a lower-than-expected sale revenue forecast due to a loss of market share to competitors and a slowdown in demand in the PC market.    The cuts in pay will range from 5% of basic pay for mid-level staff to as much as...
Exxon Exceeds The Profits Of Western Oil Majors By $56 Billion In 2022

Exxon Exceeds The Profits Of Western Oil Majors By $56 Billion In 2022

Companies

Exxon Mobil Corp announced a $56 billion net profit for 2022, earning about $6.3 million per hour last year. The numbers not only set a record for the company but also a historic high point for the Western oil industry. Global oil companies are anticipated to break their own annual records as a result of high prices and soaring demand, bringing their total take to close to...
Bankruptcy Filing By Bed Bath & Beyond Could Be As Soon As This Week

Bankruptcy Filing By Bed Bath & Beyond Could Be As Soon As This Week

Companies

Bed Bath & Beyond Inc. is planning to file for bankruptcy protection as soon as this week and has lined up liquidators to close further stores in the event that no last-minute buyer materialises, according to a report from Reuters quoting information from four people with knowledge of the situation. The4 sources were not named in the report.   According to a second individual with...
Ford Will Lower Cost Of The Mustang Mach-E, Emulating Tesla's Example

Ford Will Lower Cost Of The Mustang Mach-E, Emulating Tesla's Example

Companies

Weeks after rival Tesla Inc. decreased pricing on its electric vehicles globally by as much as 20%, Ford Motor Co. reduced costs of its electric crossover SUV Mustang Mach-E by as much as $5,900 per vehicle.   Ford's stock fell 2.9% in above-average trading to close at $12.89. Tesla dropped 6.3%.   The action is being taken at a time when Tesla's price decrease is putting pressure...
The Classic Jumbo Jet, Boeing's 747, Gets Ready For Last Send-Off

The Classic Jumbo Jet, Boeing's 747, Gets Ready For Last Send-Off

Companies

The original and presumably most aesthetically pleasing "Jumbo Jet," Boeing's 747, changed the face air travel, only to have its more than five-decade reign as "Queen of the Skies" finished by more efficient twinjet planes.   On Tuesday, the last commercial Boeing jumbo in the remaining freighter version will be supplied to Atlas Air, 53 years after the 747's instantly identifiable humped...
India’s Adani Group Rebuts Hindenburg Report, Claims To Have Made All Required Disclosures

India’s Adani Group Rebuts Hindenburg Report, Claims To Have Made All Required Disclosures

Companies

India's Adani Group released a comprehensive rebuttal to a Hindenburg Research report that triggered a $48 billion drop in its stock, claiming that the conglomerate companies with all local laws and have made all required regulatory disclosures.   The conglomerate led by Asia's richest man, Indian billionaire Gautam Adani, claimed last week's Hindenburg report was intended to allow the...
$8 Billion Wiped Off From Market Value Of Intel In A 'Historic Collapse'

$8 Billion Wiped Off From Market Value Of Intel In A 'Historic Collapse'

Companies

The much worse than expected results and dismal earnings projections compared to expectations of Wall Street resulted in the stocks of the semiconductor chip giant Intel being routed as the company lost about $8 billion from its market value on Friday. The results reported by Intel resulted in growing concerns about the slowdown of demand in the personal-computer industry.   The firm...
New Rolls-Royce CEO Warns Employees Of 'Last Chance' To Change, Resulting In Sump In Company Stocks

New Rolls-Royce CEO Warns Employees Of 'Last Chance' To Change, Resulting In Sump In Company Stocks

Companies

The aerospace company and Britain's top blue-chip engineering group Rolls-Royce, issued a warning to employees that the firm was a "burning platform", according to its CEO, which resulted in the stocks of the company falling by as much as 4% on Friday.    According to a report by the Financial Times, Tufan Erginbilgic, CEO of the company, told employees at...
Adani Group Of India Has Been Hit By A $48 Billion Stock Rout, Blurring A Record Share Sale

Adani Group Of India Has Been Hit By A $48 Billion Stock Rout, Blurring A Record Share Sale

Companies

Adani Enterprises' shares fell 20% on Friday after a damning report by a US short seller sparked a sweep in the conglomerate's listed firms, raising questions on how investors will react to the company's record $2.45 billion secondary offer.   Seven listed Adani conglomerate enterprises, governed by one of the world's richest men Gautam Adani, have ended up losing a total $48...
Tesla And Insurers Adopt Different Approaches To Dealing With Costly Repairs

Tesla And Insurers Adopt Different Approaches To Dealing With Costly Repairs

Companies

Tesla Inc's electric vehicles are expensive to repair, so the automaker and insurers are approaching the issue in diametrically opposed ways.   Elon Musk, Tesla's CEO, has stated that the company is making design and software changes to its vehicles in order to reduce repair costs and insurance premiums.   Meanwhile, insurance companies are writing off low-mileage Tesla Model Ys...
22% Drop In Quarterly Sales For Logitech Due To Growing Concerns Among Consumers Of A Slowdown

22% Drop In Quarterly Sales For Logitech Due To Growing Concerns Among Consumers Of A Slowdown

Companies

The total sale revenues for the third quarter for Logitech International dropped by 22%, the tech giant reported on Tuesday. The results were in line with the preliminary results that depicted that the business customers of the company were postponing buying of new equipment because of their concerns about an impending economic slowdown.     There was a strong growth in demand for the...
Ford Will Lay Off Up To 3,200 European Workers, According To A Union That Has Vowed To Fight Back

Ford Will Lay Off Up To 3,200 European Workers, According To A Union That Has Vowed To Fight Back

Companies

The United States-based automaker Ford Motor Co will be cutting down up to 3,200 jobs throughout its operations in Europe and moving development work for some of its products to the United States, according to Germany's IG Metall union, which has threatened to call a strike if the company goes ahead with the planned job cuts.   Rising battery material costs and projected slowdowns in the...

World

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,...

Experts Urge WHO And Governments To Take Stronger Action Against Monkeypox

Experts Urge WHO And Governments To Take Stronger Action Against Monkeypox
A huge monkeypox outbreak has expanded to at least 20 nations, prompting some notable infectious disease experts to call for speedier action from global health authorities to contain it.  ...

Many More Cases Of Monkeypox Likely To Emerge Worldwide, Expects WHO

Many More Cases Of Monkeypox Likely To Emerge Worldwide, Expects WHO
The World Health Organization expects to find more instances of monkeypox when surveillance is expanded in places where the disease is uncommon.   According to the United Nations, 92 confirmed...

The Quad-Supported Vaccine Roll-Out Will Commence In The Early Half Of The Year.

The Quad-Supported Vaccine Roll-Out Will Commence In The Early Half Of The Year.
The first batch of Covid-19 vaccinations, developed by India's Biological E as part of the Quad group of countries' commitment to providing shots around the world, will be available in the first half...

People

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...

Lee Newman, Dean of IE Business School

Lee Newman, Dean of IE Business School
“Education is about growth”