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Renault Could Disappear, Warns French Minister

Renault Could Disappear, Warns French Minister

The French auto giant Renault could disappear if it didn’t get help soon, warned a French minister on Friday. On the very same day, a Japanese news report claimed that Japanese car making giant Nissan was planning to cut about 20,000 jobs – many of which will be in Europe. This was a twin blow for...
Google Will Not Make A.I. Tools For Oil And Gas Sector Firms Anymore

Google Will Not Make A.I. Tools For Oil And Gas Sector Firms Anymore

Google will no longer building customized artificial intelligence (AI) tools specifically for the oil and gas sector companies that can help them to produce fossil fuels all over the world, the tech giant has pledged.   This announcement was made by the company after a report was published...
Nissan Plans 20,000 Job Cuts, Primarily In Its European Business And Developing Countries: Kyodo

Nissan Plans 20,000 Job Cuts, Primarily In Its European Business And Developing Countries: Kyodo

A plunge in its demand for its cars even before the novel coronavirus pandemic hot the world economy is forcing Japanese legendary auto maker Nissan Motor Co to consider reducing about 20,000 from its global workforce according to a report published by Kyodo news on Friday, these efforts would be...
J&J Says Will Stop Selling Its Talc-Based Baby Powder In US And Canada

J&J Says Will Stop Selling Its Talc-Based Baby Powder In US And Canada

Following orders from courts in the United States to pay up billions of dollars in lost legal battles over charges that the talcum-based baby powder contains ingredients that cause cancer, Johnson & Johnson said that it will stop selling the baby powder in the US and Canada.   This was...
HSBC Targets Growth In Double-Digit For Its Wealth Asset Growth In Asia By 2023

HSBC Targets Growth In Double-Digit For Its Wealth Asset Growth In Asia By 2023

The newly combined wealth business in Asia Pacific of HSBC Holdings PLC is expected to achieve double-digit asset growth over the next three years, the company said. In an interview to the media, the unit’s regional head said that the company aims to increase its market share in this business...
Uber To Cut 23% Jobs, To Focus On Its Core Business Only

Uber To Cut 23% Jobs, To Focus On Its Core Business Only

In its efforts to become profitable, Uber Technologies Inc plans to completely focus on its core business if ride hailing and food delivery, said the company’s  chief executive officer Dara Khosrowshahi said in an email to employees. He also informed that the company will cut down on about 23...
Taiwan's TSMC To Set Up Chip Factory In US At Cost Of $12 Billion

Taiwan's TSMC To Set Up Chip Factory In US At Cost Of $12 Billion

Taiwan Semiconductor Manufacturing Co Ltd, (TSMC) has announced the setting up of a chip factory in Arizona, United States, with an investment of $12 billion. The company called this decision its way of establishing a "strong partnership" with the US government.   TSMC’s decision, the...
Lufthansa To Restart Flights In Some Routes With A Target Of 1,800 Weekly Flights

Lufthansa To Restart Flights In Some Routes With A Target Of 1,800 Weekly Flights

The German airline group Lufthansa is drawing up plans to commence flights to a number of destinations including those to Los Angeles, Toronto and Mumbai and plans to restart the routes starting next month. This is the first move of the major airline of the world to restore some of the capacity...
Amazon Urges US Congress For New Federal Law Against Price Gouging During National Crisis

Amazon Urges US Congress For New Federal Law Against Price Gouging During National Crisis

With the onset of the novel coronavirus pandemic, there has been an explosion of demand for crucial goods like hand sanitizer and N95 masks particularly on online platforms like Amaozn.com. That surge in demand also prompted many suppliers to inflate prices of these goods. In context of this...
Offer To Acquire Grubhub Proposed By Uber, Says Reports

Offer To Acquire Grubhub Proposed By Uber, Says Reports

The stay at home orders as well as the anticipated restrictions that are to be imposed against crowding in restaurants and eateries in the United States and other places has increased business opportunities for food delivery companies. Keeping a focus on this aspect of the future of food delivery...
Pandemic Induced Stay At Home Orders See’s A Surge In Logitech’s Sales

Pandemic Induced Stay At Home Orders See’s A Surge In Logitech’s Sales

The work from home orders imposed all across the world because of the novel coronavirus pandemic has seen demand for products of Swiss American Company Logitech rise significantly in the latest completed quarter.   The company said demand for its webcams, mouse and keyboards, both online and...
Investment Of $132M In 11 Startups, Many of Them Chinese, Made By Intel This Year

Investment Of $132M In 11 Startups, Many of Them Chinese, Made By Intel This Year

Even as the global economy is being battered by the coronavirus pandemic, United States based chip maker Intel announced its latest investments in tech firms worth $132 million. The company chose 11 tech startups across the world.   The investments made by the company are such that they fit...
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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...