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Twitter CEO Warns Staff That The Company Is In The Dark About Its Future Under Musk

Twitter Inc Chief Executive Officer Parag Agrawal told employees of the company on Monday that the social media company's future is currently unknown, in reference to the plans to take the social media firm private under billionaire Elon Musk is completed.   According to reports, Agarwal was...

Price Shocks Linked To The Ukraine Endanger Cuba's Already Sluggish Recovery

According to economic analysts and merchants, the Russian invasion of Ukraine is worsening Cuba's three-year-old foreign exchange problem as import costs rise, jeopardising an incipient recovery and threatening additional misery for citizens.   Prices for essential imports such as fuel and...

Suppliers In China Are Being Squeezed By COVID Restrictions, Which Are Causing Delays For Apple And Others

Analysts predict that if China's COVID-19 lockdowns continue, shipments of some Apple goods, as well as Dell and Lenovo laptops, may be delayed, as assemblers are forced to shut down and closed-loop arrangements become more difficult to maintain.   China's race to contain COVID-19 has...

Poorer Countries Reject AstraZeneca COVID Vaccine – Reports

Poorer countries of the world have declined to accept tens of millions of AstraZeneca Covid-19 vaccines from the worldwide COVAX programme, according to reports citing information from a WHO document. This is the latest hint that the vaccine's short shelf life is sapping demand.  ...

Brazil's Inflation Rises Faster Than Expected In March, Highest In 28 Years

Brazil's inflation rose faster than expected in March for the first time in 28 years, according to official numbers released on Friday, as rising fuel prices weighed on the economy, which was hit by an oil shock following the Ukraine conflict.   The IPCA consumer price index increased 1.62...

BIS Central Bank Group Warns That The World May Be On The Verge Of A New Inflationary Age

The world is entering a new period of greater inflation and interest rates, according to the head of the Bank for International Settlements, as deteriorating ties between the West, Russia, and China, as well as COVID after-effects, push globalisation backward.   Due to rising global energy...

European Companies Issued Warnings By Their Investors Over Climate Accounting

Thirty-four investors with a combined asset value of more than $7 trillion have warned 17 of Europe's major businesses, including BP and Volkswagen, that they may challenge board directors over climate risk accounting.   The action is the latest attempt by investors to put pressure on...

Governor Of Sri Lankan Central Bank Resigns As Country Is Plunges Into Financial Crisis

As the country faces its worst economic crisis in decades, the governor of Sri Lanka's central bank has announced his retirement.   After all of the country's cabinet ministers resigned, Ajith Nivard Cabraal made his announcement. Angry protestors have also demanded the resignation of the...

Auto Sales In The United States Fell In Q1; Toyota Outsold GM

On Friday, U.S. automakers reported a drop in domestic sales in the first quarter, as the entire sector was hit by chip shortages and supply chain delays.   Toyota, which will overtake General Motors as the top-selling automaker in the United States in 2021, outsold GM in the first quarter...

Farmers In China Are Facing A Fertiliser Shortage As A Result Of COVID Restrictions

Covid-19 restrictions in China are delaying fertiliser supplies to the country's northeastern breadbasket just a month before spring planting, putting this year's corn and soybean crops at jeopardy if not resolved soon.   Fertiliser is normally made in early April and applied to fields later...

Puppeteers In Taiwan Bow Resorting To NFTs To Keep Alive Their Craft

Non-fungible tokens, or NFTs, are being considered by a group of Taiwanese puppeteers as a way to help bring their traditional art form into the modern era and keep it relevant for a new audience.   NFTs are crypto assets that represent a digital item such as a picture, video, or even...

How Volkswagen's Trinity Plans To Catch Up To Tesla With Giga-Casting And Robotics

While Tesla begins production at its new German plant this month, Volkswagen is just weeks away from finalising plans for a 2 billion euro ($2.2 billion) electric vehicle (EV) factory that it hopes will catch up to its American competitor.   Tesla claims that its new Giga Berlin-Brandenburg...
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