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

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

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

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

U.S. And China Will Have Their First AI Discussions Within "Weeks" Despite The Current TikTok Impasse

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

Profits For Big Oil Companies Decline As Natural Gas Prices Plummet.

Microsoft Surpasses Wall Street Expectations Thanks To Its Investment In AI

Companies
Its Undersea Cable Business To Be Sold By China's Huawei

Its Undersea Cable Business To Be Sold By China's Huawei

Its undersea cable business is being planned to be divested by Chinese tech giant Huawei Technologies Co Ltd as shown by a buyer’s filing. This is the first major divestment that the Chinese company is set to undertake since it became a target of the United States which accused the largest telecom...
US Courier Firm FedEx To Be Probed By China After Huawie Allegations

US Courier Firm FedEx To Be Probed By China After Huawie Allegations

Following the allegations made by Chinese tech giant Huawei that the United States based parcel delivery giant FedEx had diverted its parcels form the address they were intended to be sent, the Chinese authorities have said that a probe of whether the parcel delivery company had intentionally...
Lack Of Users Forces Shut Down Of Blackberry Messenger

Lack Of Users Forces Shut Down Of Blackberry Messenger

BBM, or BlackBerry Messenger is finally being shut down. BBM is the encrypted messaging service which was among the first to open many to the world of mobile chats. The app was also blamed for the 2011 London riots. It would be shut down starting Friday.   The decision to close down BBM was...
Airbus To Relocate Employee To Its Hamburg Unit To Increase Jet Production: Reports

Airbus To Relocate Employee To Its Hamburg Unit To Increase Jet Production: Reports

The plans of increasing production of its A321 passenger jets at its plant in Hamburg is being boosted by Airbus through the mobilizing employees to the production site from outside Germany to help in the production, according to reports quoting sources.   The plat of Airbus in Hamburg has...
Qualcomm’s 5G Chip Dominance To Be Challenged By New Chip From MediaTek

Qualcomm’s 5G Chip Dominance To Be Challenged By New Chip From MediaTek

In the market for chips that would be needed for the new age mobile communication technology 5G, United States based chip maker Qualcomm already has a clear lead when compared to other chipmakers even though the roll out of 5G tech is still in its initial stages.   Currently, a Qualcomm...
Huawei Adds On To Its Suit Against US Government, Claims U.S. Defense Bill Illegal

Huawei Adds On To Its Suit Against US Government, Claims U.S. Defense Bill Illegal

A motion for summary judgment has been filed by China’s Huawei Technologies Co Ltd in its case against the decision of the United States government to ban it from doing business in the country even as it tries to fight out a larger attempt by the Trump administration to isolate the company...
Business Ties With FedEx Being Reviewed By Huawei After Package ‘Diversion’

Business Ties With FedEx Being Reviewed By Huawei After Package ‘Diversion’

Following the diversion of two parcels destined for the Asian address of the Chinese telecoms equipment maker Huawei to the United States and the attempted rerouting of two other parcels by FedEx Corp, the business relationship with the US based courier company was being reviewed by the Chinese...
World's Most Expensive Drug Would Be A $2.1m Novartis Gene Therapy

World's Most Expensive Drug Would Be A $2.1m Novartis Gene Therapy

The one time treatment for spinal muscular atrophy gene therapy called Zolgensma, developed by the Swiss drugmaker Novartis and one that has been approved by the United States drugs authority, it priced at a record $2.125 million.   The treatment aimed for children under the age of two with...
Fiat Chrysler And Renault Set To Enter Into A Tie Up

Fiat Chrysler And Renault Set To Enter Into A Tie Up

According to reports quoting sources, a tie up between Renault SA and Fiat Chrysler Automobiles NV is set top take place early next week which would allow the Italian-American automaker to ultimately be included in the largest auto alliance of the world between Renault, and Japans’ Nissan and...
Business Ties With OxyContin Maker Purdue Cut By JP Morgan: Reuters

Business Ties With OxyContin Maker Purdue Cut By JP Morgan: Reuters

The alleged link of Purdue Pharma LP in the U.S. opioid crisis has forced JPMorgan Chase & Co to cut its banking ties with the company, claimed a report published by the Reuters. The OxyContin maker has now been forced to seek out partnership with the new bank for management of its cash and...
A Quarter Of Huawei Smartphones Could Vanish From Market Due To US Ban, Say Analysts

A Quarter Of Huawei Smartphones Could Vanish From Market Due To US Ban, Say Analysts

According to predictions by analysts, there is a possibility that about one fourth of the total number of smartphones of Chinese tech company Huawei would disappear from the international market because of the ban and restrictions imposed on it by the United States.    According to...
Following Moderate Start To 2019, Daimler Reviewing Its All Costs

Following Moderate Start To 2019, Daimler Reviewing Its All Costs

Dissatisfaction about the profitability of German auto giant Daimler was expressed by the group’s outgoing chief executive as he informed that the luxury carmaker was reviewing its costs and expenses as it is also investing heavily in development of electric cars.   "Everything is under...
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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...