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Lifestyle
Bill To Outlaw Trade In Dog Meat Passed By The Parliament Of South Korea
South Korea's parliament passed a bill on Tuesday to ban the consumption and sale of dog meat, outlawing the contentious centuries-old practice amid increased support for animal welfare. ...
The Two Priciest Cities In The World Are Singapore And Zurich
The Economist Intelligence Unit (EIU) has announced that Singapore and Zurich were tied for the most expensive cities in the world this year, followed by Geneva, New York, and Hong Kong....
Pocket wallets vs. smartphones: Can we replace cash with digital currencies?
The more than a decade-long history of cryptocurrency has clearly demonstrated that the world is keen on the new form of money. The crypto frenzy has even prompted leading central banks to work on...
Most Popular
Chinese TikTok Vendors Bemoan The Platform's Increased Adherence To US Regulations, Citing Undermining
Reddit's Stock Closes The Market Debut With A 48% Rise
Google, And Apple Breakups Are On The Table As Global Regulators Tackle Technology Sector
Trump's Media Business Made A Great Wall Street Debut, Valued At About $8 Billion
Investors Fear For Nike's Relevancy As The Company Loses Market Share
Hyundai Motor Doubles Down On EVs As It Increases Investment In Korea
Tesla Deliveries Risk A Knock From China's Recession And Lacklustre Demand
The First-Ever Worldwide Carbon Fee Is Getting Closer To Becoming A Reality
Fast-Food Chains Observe A Decline In Orders From Low-Income Clients
For His Multibillion-Dollar FTX Scam, Bankman-Fried Given A 25-Year Jail Term
New Study Finds People Who Were Class Bullies Could Make Higher Incomes In Their Middle Age
US Farms Are Embarking On A Swift Drive Into Artificial Intelligence. It Might Help Feed The Planet
Latest News
US Could Soon Release A List Of Chinese Chip Manufacturers Prohibited From Obtaining Technology
China's Smartphone Maker Xiaomi Unveils An Electric Vehicle $4K Less Expensive Than Tesla's Model 3
Reader's Pick
Microsoft's Specialised 'Copilot' Approach Customises AI For Financial Teams
29/02/2024
Apple Supplier Foxconn Is Optimistic About 2024 And Notes A Significant Demand For AI Servers
14/03/2024
US House Approves Bill Mandating That ByteDance Sell TikTok Or Risk Being Banned
14/03/2024
Target Announces A Paid Membership Tier And Expects Sales To Rebound In 2024
07/03/2024
With No Other Options, Airlines Attempt To Make The Best Out Of Boeing's Problems
14/03/2024
Latest Business News
US Could Soon Release A List Of Chinese Chip Manufacturers Prohibited From Obtaining Technology
Markets
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29/03/2024
The US is compiling a list of sophisticated Chinese chip manufacturing facilities that are prohibited from obtaining critical supplies, according to reports quoting information from sources. This list is intended to assist businesses in limiting the transfer of technology to China. According to one of the persons, the list might be made public in the upcoming months. In 2022,...
China's Smartphone Maker Xiaomi Unveils An Electric Vehicle $4K Less Expensive Than Tesla's Model 3
Companies
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29/03/2024
As pricing wars intensify in China's intensely competitive electric car sector, Chinese smartphone manufacturer Xiaomi announced on Thursday that it will offer its first vehicle for significantly less than Tesla's Model 3. The base SU7 model will retail in the nation for 215,900 yuan ($30,408), according to Xiaomi CEO Lei Jun. He recognised that this price would result in the business...
Insurance Loss Because Of The Bridge Collapse In The US Could Reach $3 Billion
Companies
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29/03/2024
According to a British insurance marketplace, the largest single maritime insurance loss in history will be caused by the collapse of a bridge in the US city of Baltimore. After a ship collided with the bridge, six persons were thought to be killed; two remains have been found by divers. According to experts, the damages can reach $3 billion. "I would say it's certainly going to...
For His Multibillion-Dollar FTX Scam, Bankman-Fried Given A 25-Year Jail Term
Companies
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29/03/2024
On Thursday, a judge sentenced Sam Bankman-Fried to 25 years in jail for stealing $8 billion from users of the now-bankrupt FTX cryptocurrency exchange he established, marking the final stage in the erstwhile billionaire wunderkind's stunning downfall. U.S. District Judge Lewis Kaplan imposed the sentence during a Manhattan court session after rejecting Bankman-Fried's claim that FTX...
Over 20% Of The Worldwide Oil Refining Capacity Is At Risk, Shows A Research
Markets
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28/03/2024
More than a fifth of global oil refining capacity is at risk of shutdown, according to an estimate published on Thursday by energy firm Wood Mackenzie, as petrol margins fall and demand to limit carbon emissions grows. Of the 465 refining assets examined, the consultant identified around 21% of worldwide refining capacity under danger of shutdown in 2023. Wood Mac discovered...
US Farms Are Embarking On A Swift Drive Into Artificial Intelligence. It Might Help Feed The Planet
Markets
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28/03/2024
American farmers are rapidly using artificial intelligence. The technology is as advanced as it is necessary. A farmer stands in a lovely green field in the American Midwest, pointing his smartphone at one of his soybean plants. He takes a photo of a pest crawling on a leaf and then instructs an AI-powered system to identify the bug's species and whether it is a cause for alarm. This...
Hyundai Motor Doubles Down On EVs As It Increases Investment In Korea
Companies
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28/03/2024
Hyundai Motor Group announced that it will invest 68 trillion won ($51 billion) in South Korea over three years to increase electric vehicle manufacturing and new mobility operations, as well as hire 80,000 new personnel, doubling down at a time when other established automakers are halting their efforts. More than half of the investment, or 35.5 trillion won, will go towards new R&D...
Tesla Deliveries Risk A Knock From China's Recession And Lacklustre Demand
Companies
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28/03/2024
Tesla is anticipated to report poor first-quarter deliveries next week as the boost from price reduction fades and the US manufacturer faces stiff competition for buyers in a declining electric-vehicle industry. After years of strong sales growth that propelled it to the world's most valuable manufacturer, Tesla is expecting a dip in 2024. The corporation has been hesitant to...
Fast-Food Chains Observe A Decline In Orders From Low-Income Clients
Markets
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27/03/2024
People are becoming cautious as they go down the economic scale as a result of the out-of-control costs at American fast-food restaurants and eateries, and executives at Wendy's and McDonald's have expressed concern about losing business to those with the lowest incomes. According to a survey conducted in February by the consulting firm Revenue Management Solutions, nearly 25% of...
Trump's Media Business Made A Great Wall Street Debut, Valued At About $8 Billion
Companies
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27/03/2024
In their Nasdaq launch, shares of Donald Trump's Trump Media & Technology Group shot up as much as 59%, spurred on by the former US president's fans and offering him a possible windfall as he struggles with the expenses of many legal challenges. TMTG's market capitalization exceeded $10 billion on an undiluted basis at its session high of $79.38 a share. This is an astonishing figure...
Chinese TikTok Vendors Bemoan The Platform's Increased Adherence To US Regulations, Citing Undermining
Companies
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27/03/2024
Chinese e-commerce vendors are dissatisfied with actions they claim the short video app has taken to tighten enforcement of its regulations for foreign sellers launching stores on the platform. These vendors want to sell their goods on TikTok Shop in the United States as an alternative to Amazon. Five Chinese vendors on the platform and an industry group that represents 3,000 Chinese...
Google, And Apple Breakups Are On The Table As Global Regulators Tackle Technology Sector
Companies
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26/03/2024
As antitrust authorities on both sides of the Atlantic hammer down on alleged anti-competitive activities that could lead to break-up orders for Apple and Alphabet's Google, a first for the sector, Big Tech is facing its toughest threat in decades. This might then encourage watchdogs everywhere to jump on board, as seen by the increasing number of antitrust investigations in different...
World
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
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
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 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
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
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
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
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
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
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...