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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

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

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

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

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

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

Companies
Some Hyundai Executive Weary Of A Partnership With Apple: Reports

Some Hyundai Executive Weary Of A Partnership With Apple: Reports

There are concerns among a section of the executives of the South Korean auto major Hyundai Motor Group about a tie up with the iPhone maker Apple as over ears of becoming a contract manufacturer for the United States based tech giant which has apparently reduced the chances for a deal between the...
Toyota Promises Safest Drive Of The World As It Launches Its New Tech Unit

Toyota Promises Safest Drive Of The World As It Launches Its New Tech Unit

The Japanese car maker Toyota Motor Corp promised to provide the "safest mobility" of the world while unveiling of its Woven Planet research unit at a virtual media event on Friday even as auto and tech companies are rushing to develop self-driving and connected cars which also includes Toyota....
Eli Lilly Beats Q4 Profit Estimates With Surge In Demand For Its Cancer And Diabetes Drugs

Eli Lilly Beats Q4 Profit Estimates With Surge In Demand For Its Cancer And Diabetes Drugs

A surge in demand for its diabetes and cancer drugs a partial benefit from the sales of its Covid-19 antibody treatment helped the drug making giant Eli Lilly and Co beat estimates of Wall Street analysts for the profits of the company for the fourth quarter on Friday.   The quarterly sale...
Telecom Major Ericsson Beats Forecasts With Surge In Sale Of Its 5G Equipment

Telecom Major Ericsson Beats Forecasts With Surge In Sale Of Its 5G Equipment

The ban on the Chinese telecom company Huawei by the United States and a surge in demand and sale for its 5G telecom equipment helped Ericsson to comfortably beat its fourth quarter core earnings forecasts on Friday.   The better than expected performance of the Swedish company helped a...
Record Fourth Quarter Deliveries Reported By Tesla But Profits Miss Expectations

Record Fourth Quarter Deliveries Reported By Tesla But Profits Miss Expectations

An increase in demand globally for its electric cars propelled the United States based Tesla to report record deliverie3s o fits vehicles in the fourth quarter.   However after the company reported a lower than expected profits for the quarter, shares of the company dropped in after-hours...
ByteDance To Cut Workforce In India As Firm Unsure Of Fate Of Ban On Its Apps

ByteDance To Cut Workforce In India As Firm Unsure Of Fate Of Ban On Its Apps

The Indian government had banned the Chinese owned TikTok in the country in June last year.  The short video sharing app owned by China’s ByteDance is not reducing its staff size in the country as the company is apparently unsure about whether the government will revoke the ban on the app in...
Interchange Fee For Purchase Using UK Cards From EU Firms Online To Be Increased By 400% by Mastercard

Interchange Fee For Purchase Using UK Cards From EU Firms Online To Be Increased By 400% by Mastercard

The fees that companies of the European Union pays to Mastercard against payments from online shoppers from the United Kingdom will be increased by at least 400 per cent which would mean that the ultimate price for consumers of European companies would increase significantly.   A percentage...
Tesla’s Autopilot Cannot Ever Be True Self-Driving, Says Waymo

Tesla’s Autopilot Cannot Ever Be True Self-Driving, Says Waymo

The United States based Tesla is considered to be an anomaly in the buzzing world of autonomous driving. This is because the company has been trying to develop everything needed for self-driving cars are being developed in-house starting from hardware to chips and processors to artificial...
Volkswagen Debating About Placing Claim For Damages Over Suppliers Over Chip Shortage

Volkswagen Debating About Placing Claim For Damages Over Suppliers Over Chip Shortage

The German car manufacturer and the largest auto making company of the world by Volume – Volkswagen is discussing with its major suppliers about the possibility of making a claim for damages to it because of the shortage of semiconductors, said reports quoting a company spokesman.    A...
Despite Covid-19 Pandemic Volkswagen Reports Profits Of $12 Billion In 2020

Despite Covid-19 Pandemic Volkswagen Reports Profits Of $12 Billion In 2020

Despite the novel coronavirus pandemic in 2020 caused huge disruption to the global auto industry and upended supply chains of auto companies, the German car maker Volkswagen has ended the tormenting year with a profit of more than $12 billion.   Volkswagen is expecting to achieve operating...
Audi To Start A JV With Chinese Auto Maker FAW To Make Electric Cars

Audi To Start A JV With Chinese Auto Maker FAW To Make Electric Cars

German auto maker Audi will make luxury electric vehicles in China in a joint venture with China's oldest carmaker FAW.   Hongqi - or Red Flag – limousines that are used by the China's communist party leaders, are among the pride products of FAW, the third largest carmaker of China. In...
30-Month Prison Term In Bribery Case Slapped On Samsung's Lee

30-Month Prison Term In Bribery Case Slapped On Samsung's Lee

The ownership restructuring plans of the South Korean electronics giant Samsung Electronics could get delayed because of a court sentenced passed against the vice chairman of the company Jay Y. Lee for a jail term of two and a half years on Monday. The patriarch of the company and Lee’s father had...
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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...