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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.

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

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

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
Tesla At An Advantage In Chinese Market, But Faces Domestic Competition There

Tesla At An Advantage In Chinese Market, But Faces Domestic Competition There

While Tesla if often regarded as the first name that pops up in mind when talking about luxury electric car, in the largest electric car market of China, Tesla does not enjoy the same degree of reverence.   Shanghai was announced as the location for the second Chinese Gigafactory factory for...
General Electric Delisted From The Dow After Over A Century

General Electric Delisted From The Dow After Over A Century

Walgreens Boots Alliance drugstore chain replaced the last original member of the Dow Jones industrial average - General Electric, as the latter was excluded from blue-chip index earlier in the week.   General Electric has been facing a series of problems in recent times and this development...
Despite Trade War Worries, Better Than Expected Profits Delivered By FedEx

Despite Trade War Worries, Better Than Expected Profits Delivered By FedEx

Driven by increased revenues and operating margins of each of the operating units of FedEx Corp, the profits of the company beat estimates of Wall Street for the fourth-quarter.   The worries over the U.S.-China trade war had resulted in its worst regular session sell-off in two months this...
1,500 Job Losses In The CYBG Acquisition Of Virgin Money

1,500 Job Losses In The CYBG Acquisition Of Virgin Money

The acquisition of Virgin Money by the owner of Clydesdale and Yorkshire banks will cost the bank over 1,500 jobs. It has been reported that the £1.7bn takeover of will result in axing of primarily middle and senior management positions.   The deal will create the sixth-largest bank in the...
9% Tesla Employees To Be Laid Off By The Company

9% Tesla Employees To Be Laid Off By The Company

Electric car maker Tesla has announced to its employees that there would be a 9 percent cut in its workforce where the jobs cuts would mostly be done for salaried positions.   At present, there is about 46,000 employees with the company and it has hired about 8000 of them this year itself....
Advertisement Issued By Facebook Seeking 'Fake News' Fact Checkers

Advertisement Issued By Facebook Seeking 'Fake News' Fact Checkers

Following accusations of bias and the raging ongoing controversy over fake news, social media giant Facebook and put up an advertisement seeking applications for “news credibility specialists” for checking the facts of content that appears on its site.   The latest lob listings were posted...
Drone Startup Kittyhawk To Get Investments From Boeing HorizonX Ventures

Drone Startup Kittyhawk To Get Investments From Boeing HorizonX Ventures

The HorizonX venture capital arm of Boeing will make a significant investment in a San Francisco startup called Kittyhawk that is engaged in offering end-to-end software solutions for autonomous drone operations, the aircraft maker announced recently.   This investment was made while Boeing...
Southeast Asia Expansion Plans Laid Down By Office-Sharing Firm WeWork

Southeast Asia Expansion Plans Laid Down By Office-Sharing Firm WeWork

Southeast Asia is the new targte market for expansion for the U.S. based office sharing firm WeWork. The company is looking to aggressively expand into this region.   The company had first set foot in this market in December last year with the setting up of a bran din Singapore. The company...
20% Drop In Stocks Of Petrobras Following Resignation Of CEO And A Workers’ Strike

20% Drop In Stocks Of Petrobras Following Resignation Of CEO And A Workers’ Strike

Following the Brazilian government being forced to reduce diesel prices after pressure form a nation wide truckers’ strike, Pedro Parente, the chief executive officer of the state owned oil producer of the country – Petroleo Brasileiro, resigned from his post.   The resignation coincides...
UK Workers’ Union Alleges Amazon Treats UK Warehouse Employees As Robots

UK Workers’ Union Alleges Amazon Treats UK Warehouse Employees As Robots

Following the emergence of reports that ambulances had to be called 600 time in the last three years at the UK warehouses of Amazon, there were accusations against the e-retailer of treating staff like robots.   115 call-outs to Amazon’s site in Rugeley, near Birmingham – which included...
Uber And Airbnb Could Get Themselves Publicly Listed In 2019

Uber And Airbnb Could Get Themselves Publicly Listed In 2019

Reports suggest that two top companies form the United States could get themselves listed next year.   Both the companies would be ready to goo public in 2019, said the CEOs of Uber and Airbnb at a tech conference recently. However, this does not automatically mean that they are actually...
Development Of Autonomous Cars Could Be Hastened By Softbank’s Investment In GM Cruise

Development Of Autonomous Cars Could Be Hastened By Softbank’s Investment In GM Cruise

Japan’s SoftBank Group Corp has agreed to invest $2.25 billion in GM Cruise Holdings LLC which is the autonomous vehicle unit of the U.S. based car maker, said General Motors Co on Thursday which could significantly hasten the wide-scale deployment of self-driving cars, said the company.  ...
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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...