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

Adam Neumann Offers To Outbid Competitors As WeWork Scrambles To Obtain Capital.

TSMC Exceeds Revenue And Profit Projections For The First Quarter Due To Robust Demand For AI Chips

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

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

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

Netflix Will No Longer Release Subscriber Numbers As The Streaming Conflicts Fade

Nissan Lowers Its Projected Yearly Operating Profit By 14.5% Due To Slow Sales

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

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

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

Companies
Remote Work Responsible For Slowdown Of Innovation – Says Nike CEO

Remote Work Responsible For Slowdown Of Innovation – Says Nike CEO

Nike CEO John Donahoe on Friday blamed remote work for the company falling behind on innovation, saying that it’s tough to be disruptive when people are working from home. In a television interview, Donahoe was asked about the company’s lack of fresh new products in its assortment, which had been...
Google's Proposed Massive Acquisition Would Lead To A New Regulatory Battle

Google's Proposed Massive Acquisition Would Lead To A New Regulatory Battle

Even though many analysts think that Google parent Alphabet's planned acquisition of marketing software business HubSpot would not curtail competition, it would require the tech giant to create a new front in its struggle with antitrust watchdogs. Regulators would undoubtedly oppose the...
Music Streaming Apps In Europe Will Be Allowed To Link To Their Own Websites By Apple For Users Buying

Music Streaming Apps In Europe Will Be Allowed To Link To Their Own Websites By Apple For Users Buying

In an effort to comply with a European Union rule, Apple stated on Friday that it would be facilitating the process for music streaming apps on its App Store within the European Economic Area to notify consumers of alternative ways to acquire digital services.   The decision was made a few...
Amid Intense Chinese EV Rivalry, Tesla Abandons Plans For A Low-Cost Vehicle

Amid Intense Chinese EV Rivalry, Tesla Abandons Plans For A Low-Cost Vehicle

Based on information gleaned from three people with knowledge of the situation and corporate communications obtained by Reuters, Tesla has cancelled the low-cost vehicle that investors had been hoping would propel the company's expansion into a mass-market manufacturer.   According to the...
McDonald's Plans To Repurchase All Of Its Eateries In Israel

McDonald's Plans To Repurchase All Of Its Eateries In Israel

After a boycott of the company in response to the Israel-Hamas conflict, fast food juggernaut McDonald's has decided to purchase back all of its Israeli locations. The business announced that it and franchisee Alonyal had come to an agreement for the return of 225 locations nationwide, supporting...
Google Claims To Be Considering An AI Paywall

Google Claims To Be Considering An AI Paywall

There are rumours that Google, the search engine that over a billion people use worldwide, may start charging for premium material produced by artificial intelligence (AI). The Alphabet Inc.-owned corporation is reportedly rethinking its economic strategy and considering enclosing some of its main...
Tether, And Circle To Be Challenged In The $150 Billion Market By Ripple Through Launch Of U.S. Dollar Stablecoin

Tether, And Circle To Be Challenged In The $150 Billion Market By Ripple Through Launch Of U.S. Dollar Stablecoin

The $150 billion stablecoin market has seen the entry of crypto firm Ripple, which has introduced a digital currency based on the US dollar. According to Ripple, the stablecoin will always be backed 1-to-1 by an equivalent amount of assets that the business keeps in reserve, such as US dollar...
Intel's Chip-Making Division Reports An Operating Loss Of $7 Billion

Intel's Chip-Making Division Reports An Operating Loss Of $7 Billion

Intel revealed increasing operating losses for its foundry division, which is a setback for the chipmaker as it attempts to reclaim the technological advantage it lost to Taiwan Semiconductor Manufacturing in recent years.   Compared to the $5.2 billion in operating losses the previous year,...
Delivery Of Its First EV Initiated By Chinese Smartphone Maker Xiaomi With An Order Book Of Over 100,000 EVs

Delivery Of Its First EV Initiated By Chinese Smartphone Maker Xiaomi With An Order Book Of Over 100,000 EVs

Since it started shipping on Wednesday, Xiaomi, a Chinese manufacturer of smartphones, has announced that it has received more than 100,000 orders for its debut automobile, the SU7, an electric sports car.   At a ceremony in Beijing to mark the first deliveries, CEO and creator Lei Jun...
Swiss Financial Behemoth UBS Is Set To Begin A $2 Billion Share Buyback Program

Swiss Financial Behemoth UBS Is Set To Begin A $2 Billion Share Buyback Program

A fresh $2 billion share repurchase programme was unveiled by UBS on Tuesday, with up to $1 billion of that amount anticipated to be paid out this year.   “As previously communicated, in 2024 we expect to repurchase up to USD 1bn of our shares, commencing after the completion of the merger...
Customers Of Xiaomi's EVs Must Wait Months For Deliveries, Indicating Strong Demand

Customers Of Xiaomi's EVs Must Wait Months For Deliveries, Indicating Strong Demand

Due to high demand for its first-ever automobile, Xiaomi, a Chinese company, is warning prospective customers that they may have to wait four to seven months to get their SU7 electric sedan.   Pre-orders for the manufacturer of cellphones and other consumer gadgets exceeded 88,898 in the...
Microsoft Will Bifurcating Teams And Office Globally In Response To Antitrust Concerns

Microsoft Will Bifurcating Teams And Office Globally In Response To Antitrust Concerns

Six months after unbundling the two products in Europe to try and avoid a potential EU antitrust charge, Microsoft announced on Monday that it will pitch its chat and video programme Teams independently from its Office suite worldwide.   Following a complaint by the rival workspace messaging...
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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...