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Despite An Otherwise Horrendous 2018, Huawei Outperformed Itself Financially

Despite An Otherwise Horrendous 2018, Huawei Outperformed Itself Financially

Despite it being the news for most of the year for the wrong reasons and despite a number of Western countries expressing concerns over national security because of the company and some even banning it from participating in the roll out of 5G networks, the Chinese telecom tech giant Huawei has had...
TUI Warns Of $200 Million Hit Due To Grounding Of Boeing MAX 737s

TUI Warns Of $200 Million Hit Due To Grounding Of Boeing MAX 737s

Warnings of profits being hit was issued by Anglo-German tour operator TUI which uses Boeing 737 MAX aircrafts in its business and which has been hit because of a worldwide grounding of the crafts following the Ethiopian plane crash.   It expected that the Boeing 737 MAX crafts would remain...
Huawei Pulled Up By UK Over Network Security, More Flaws Revealed

Huawei Pulled Up By UK Over Network Security, More Flaws Revealed

There was new pressure on the Chinese telecom equipment giant Huawei in the United Kingdom after the company was publicly rebuked by Britain over charges that the company had been for long not been able to fix defects in its mobile network equipment and the revelation of new “significant technical...
Ethiopian Airlines still 'believes in Boeing' despite 737 Max crash, CEO says

Ethiopian Airlines still 'believes in Boeing' despite 737 Max crash, CEO says

Despite the fatal crash involving a Boeing 737 Max 8 aircraft of the Ethiopian Airlines that killed all of the 157 people on board on March 10, the chief executive of the airlines has said that his company still "believes in Boeing".   The Boeing 737 Max 8 craft of Ethiopian airlines had...
US Probing If Regulators Were Misled By Boeing Over Safety Of 737 Max: WSJ

US Probing If Regulators Were Misled By Boeing Over Safety Of 737 Max: WSJ

A report published in the Wall Street Journal has claimed that the prosecutors in the United States is reportedly conducting a probe to ascertain whether incomplete or misleading information about the 737 Max aircraft was provided by its maker Boeing to the U.S. air-safety regulators as well as to...
Pinterest Preparing For Possible April IPO Launch

Pinterest Preparing For Possible April IPO Launch

In the path to its preparation for the launch of its Initial Public Offering (IPO), the United States based visual search engine which has been operational since a decade now, Pinterest unveiled its S-1.   It was two months ago that Pinterest which was been valued at about $12.3 billion in...
Nike Reports Drop In N. America Sale, But Wall Street Still Enthusiastic

Nike Reports Drop In N. America Sale, But Wall Street Still Enthusiastic

The reporting of the significant drop in revenues from sale in North American region, which was much lower than market expectations, resulted in a fall of 4 per cent in the shares of sports equipment and apparel firm Nike. This first drop in about year for Nike however did not prevent analysts at...
UPS Plans US Vaccine Pilot Project To Venture Into In-Home Health Services

UPS Plans US Vaccine Pilot Project To Venture Into In-Home Health Services

With a new venture in to the healthcare segment, United Parcel Service Inc is now planning to expand beyond simply delivering parcels in the United States.     According to reports, a pilot project that would see the company dispatching nurses to vaccinate adults in their homes to...
1.49bn Euros Slapped On Google By EU Over Antitrust In Advertising

1.49bn Euros Slapped On Google By EU Over Antitrust In Advertising

Google has been slapped a fine of 1.49 billion euro ($1.68 billion) over charges that the company had abused its dominance in the online advertisement market by regulators in the European Union.   The latest indictment an fine against Google is the third occasion that the United States based...
New US Cancer Ruling Over Its Herbicide Sends Bayer Shares Plunging

New US Cancer Ruling Over Its Herbicide Sends Bayer Shares Plunging

Following a second jury ruling in a court in the United States that German chemicals and pharmaceuticals giant Bayer’s top selling pesticide Roundup – manufactured by Monsanto which it recently acquired, is a cause of cancer, shares of the firm dropped significantly in early trading in Germany....
Keurig, Owner Of Budweiser, Continues With Launch Of Its At-Home Cocktail Maker

Keurig, Owner Of Budweiser, Continues With Launch Of Its At-Home Cocktail Maker

The faltering performance of both companies - Keurig Dr Pepper and Anheuser-Busch InBev, are driving the two companies to quickly move forward to create a joint venture with each other that is intended to ensure increased sale for both.   As a first step, the companies have together...
Ford Will Again Increase Production Large Suvs In US For Higher Profits

Ford Will Again Increase Production Large Suvs In US For Higher Profits

In recent years, United States car customers have shown their increased leanings towards larger, more comfortable vehicles and Ford, eager take advantage if that trend, has decided to increase its largest sport utility vehicles for the US market.   Ford executives said in a media briefing...
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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...