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Growing Hostilities In The Middle East Are A New Shock To Global Markets

This Week's Tech Earnings Explosion Highlights The Mounting Issues At Google And Tesla

Slowing EV Growth Forces GM And Ford Rely On Gasoline-Powered Trucks

Trades In Bitcoin Ignore "Halving" In Favor Of More Significant Market Dangers

Governments Need To Mediate Local Support For Miners, According To An Industry Organisation

TikTok Divesting Or Ban Bill Passed By US Senate; Biden Will Sign It Into Law

Due To Concerns About Its Growth And Product Strategy, Tesla Is Anticipated To Report A Smaller Profit Margin

Tesla Abandons The All-New Model 2 In Favour Of "More Affordable" Vehicles

UBS Predicts The Big Six Internet Giants' Profit Momentum Will "Collapse" By 2024

Tesla Lowers Pricing After US Cutbacks In China, Germany, And Other Countries

Microsoft Surpasses Wall Street Expectations Thanks To Its Investment In AI

Google's Parent Company Declares Its First-Ever Dividend; Sales And Profit Exceed Expectations; Shares Rise

Companies
Samsung Will Invest $206 Bln Through 2023 Aimed At Growth After Pandemic Ends

Samsung Will Invest $206 Bln Through 2023 Aimed At Growth After Pandemic Ends

South Korea’s tech conglomerate Samsung Group plans to expand its business presence in biopharmaceuticals, artificial intelligence, semiconductors and robotics after the end of the Covid-19 pandemic and has earmarked an investment of 240 trillion won ($206 billion) for this purpose over a period of...
Expectations Of Strong Electronics Demand Prompts Best Buy To Raise Annual Forecast

Expectations Of Strong Electronics Demand Prompts Best Buy To Raise Annual Forecast

Electronics retailer Best Buy Co Inc expects continued demand for home computer equipment because of the continued trend of work from home even though there are concerns in the industry about a decline in demand because of perceptions that demand had peaked during the pandemic last year. This...
World’s First Batch Of Steel Made Without Using Coal Shipped By Swedish Company

World’s First Batch Of Steel Made Without Using Coal Shipped By Swedish Company

A Swedish manufacturer of steel is delivering the first “green steel” of the world, made without using coal, the manufacturer said.   According to the Swedish venture Hybrit, the “green steel” is being delivered to German truck-maker Volvo AB. It said that this delivery is being done on a...
Cryptocurreny Buying And Selling Services For UK Customers Launched By PayPal

Cryptocurreny Buying And Selling Services For UK Customers Launched By PayPal

Customers in the United Kingdom of PayPal Holdings Inc will be able to purchase, sale and hold bitcoin and other cryptocurrencies from this week, the company announced on Monday.   According to analysts, this move by the company, the first time that the company is offering its...
GM Electric Car Recall Pushes Down South Korea's LG Chem Shares

GM Electric Car Recall Pushes Down South Korea's LG Chem Shares

Following the announcement of recalling of an additional 73,000 Chevrolet Bolt cars over fire threats from the battery packs used in them that were made by South Korea’s LG Chem Ltd, which will be replaced with new sets on Friday in the United States, stock prices of the  South Korean battery...
T-Mobile Data Breach Now Totals 53 Million Customers As Ongoing Probe Reveals Wider Impact

T-Mobile Data Breach Now Totals 53 Million Customers As Ongoing Probe Reveals Wider Impact

Hackers had gained access to personal data of an additional 5.3 million customers of T-Mobile US Inc, the company said following results of an ongoing investigation into a data breach into the company.   The total number of current and prospective customers whose data has been compromised in...
GM To Take $1Bln Hit With Expansion Of Chevy Bolt EV Recall Over Fire Risk

GM To Take $1Bln Hit With Expansion Of Chevy Bolt EV Recall Over Fire Risk

General Motors Co is expanding recall of its Chevrolet Bolt electric vehicles because of reports of risks of fires from the high-voltage battery pack and as a result will take a hit of $1 billion, the company said on Friday.   According to analysts, this will deal a blow to the efforts to...
Britain's Morrisons Agrees To $9.54 Bln Acquisition Offer From CD&R

Britain's Morrisons Agrees To $9.54 Bln Acquisition Offer From CD&R

British supermarket Morrisons has agreed to be taken over by the United States based private equity group Clayton, Dubilier & Rice and accept the offer for a deal worth 7.0 billion pounds ($9.54 billion). Morrisons dropped its previous recommendation in support of a lower acquisition bid from a...
AstraZeneca CEO Top Paid Executive Among FTSE 100 Firms In 2020, Says Report

AstraZeneca CEO Top Paid Executive Among FTSE 100 Firms In 2020, Says Report

The highest paid CEO of Britain in 2020 was the chief executive of Covid-19 vaccine maker AstraZeneca, Pascal Soriot, in a year when there was an almost one third decline in the pay of the average FTSE 100 leader, revealed a recent report.   The report from the High Pay Centre said that a...
Apple Urged By Policy Groups To Abandon Plans For Inspecting iMessages And Scan For Abuse Images

Apple Urged By Policy Groups To Abandon Plans For Inspecting iMessages And Scan For Abuse Images

Apple should abandon its plans for scanning children’s messages while searching for nudity as well as scanning the phones of adults for pictures of child sex abuse, urged more than 90 policy and rights groups around the world in an open letter that was published by them jointly on Thursday.  ...
Better Than Expected Quarterly Results Prompts Carlsberg To Raise Annual Guidance

Better Than Expected Quarterly Results Prompts Carlsberg To Raise Annual Guidance

The Danish brewer Carlsberg reported better than expected sales revenue for the second quarter, prompting the company to raise its earnings guidance for the entire of 2021 while also warning that its sales in the rest of the year could get hot by the spread of fresh outbreaks of the Covid-19...
Covid-19 Vaccine Makers Set To Reap Billions From Booster Doses

Covid-19 Vaccine Makers Set To Reap Billions From Booster Doses

Covid-19 booster shots could lead vaccine makers Drugmakers Pfizer Inc, BioNTech and Moderna Inc to generate billions of dollars while the market for the shots could last for years to come and could be bigger than the $6 billion in annual sales for flu vaccines, predicts analysts and healthcare...
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World

Global Warming Causes The First 12-Month Period Above 1.5C

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

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

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 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

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

New Study Finds People Who Were Class Bullies Could Make Higher Incomes In Their Middle Age

New Study Finds People Who Were Class Bullies Could Make Higher Incomes In Their Middle Age
A recent study challenges the widely held belief that school bullies would eventually get their comeuppance by indicating that they are likely to end up with greater earnings. The Institute for...

In A New York Corporate Fraud Lawsuit, Trump Slapped Fines And Interest Of $454 Million

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

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...