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After Failing To Make A Bond Payment, China Evergrande Shares Decline For A Second Day

The shares of the troubled real estate developer China Evergrande Group fell for a second straight day on Tuesday, falling as much as 8% after one of its units failed to make an onshore bond repayment.   Hengda Real Estate Group, the primary domestic subsidiary of Evergrande, reported late...

Recent Study Claims The Merck Covid Medication Is Connected To Virus Alterations That Can Transfer Between Humans

A new study published this week raised concerns about whether the commonly used antiviral Covid tablet from Merck could potentially speed up the evolution of the virus by causing mutations that occasionally transmit to other people.   The research may raise questions regarding the efficacy...

Rising Gasoline Prices Could Affect Fares, Says Qantas

The largest airline in Australia, Qantas Airways, announced on Monday that it would spend more money than initially anticipated to address "customer pain points," but also issued a warning that rising fuel prices could compel it to boost prices above their current levels.   Investors...

Advertising Will Start To Appear On Amazon Prime Video Programming Next Year

In order to invest more money in producing TV episodes and movies, Amazon plans to add advertisements to its Prime Video streaming service in 2024.   Customers of UK Prime, as well as those in the US, Germany, and Canada, will begin to see advertisements in early 2019 unless they pay an...

Foodpanda In Talks To Sell A Portion Of Its Asian Meal Delivery Company And Implement Layoffs

Foodpanda, a Singapore-based food delivery service, announced to the media on Friday that it is carrying out its most recent round of layoffs because the need to be "more agile remains critical."   “Our company priority right now is to become leaner, more efficient and even more agile. To do...

Tesla Wants To Develop A Factory For Battery Storage In India - Reuters

Tesla has developed plans to produce and market battery storage systems in India and has submitted a proposal to officials looking for incentives to create a facility. This comes as Elon Musk makes more efforts to establish himself in the country, according a report by Reuters citing information...

Japan's Toshiba Is About To Finish A 74-Year History At The Stock Market

As a result of a majority stake purchase by investors, Toshiba, one of the largest and oldest companies in Japan, is about to terminate its 74-year stock market history. A group led by private equity firm Japan Industrial Partners (JIP) has acquired 78.65% of the company's shares, the company has...

In A New Sign Of Resurgence, Huawei Sends Surveillance Chips Developed In China: Reuters

A subsidiary of Huawei Technologies is exporting new Chinese-made chips for security cameras, which is a new indication that the Chinese tech giant is finding ways to get over export restrictions that have been in place for four years, according to a report published by Reuters quoting information...

Toyota Stakes New Technology And Conventional Wisdom In The EV War

To make up for lost ground in battery electric vehicles, Toyota has turned to self-propelled assembly lines, enormous die casting, and even traditional hand polishing at its facilities in Japan's industrial heartland.   The top-selling automaker in the world believes that by fusing new...

Morale Of Amazon Devices Unit Declines Due To Layoffs And A Poor Pipeline For Product Development

Some employees in Amazon's once-storied hardware division, which produces well-known products like the Kindle reader and Echo voice-assistant, claim morale has worsened as a result of staff reductions and a pipeline of products that they believe won't be commercial successes.   The division,...

In France, Apple Will Upgrade The iPhone 12 Due To Radiation

Following radiation concerns, Apple will update its iPhone 12 in France, according to the nation's digital minister. According to Jean-Noel Barrot, Apple will soon release a software update for users in the nation.   Following the discovery of excessive electromagnetic radiation by a...

Police In China Apprehend Employees Of The Evergrande Wealth Unit

Police in Shenzhen, southern China, have detained employees of the wealth management division of controversial real estate developer Evergrande.   Police urged the public to report any suspected fraud incidents in a social media post.   A newly established state-owned insurer was...
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