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VW's Spanish Unit SEAT Increased Production Curb For December Due To Chip Shortage

VW's Spanish Unit SEAT Increased Production Curb For December Due To Chip Shortage

Fresh cuts on production and output for December has been imposed by the Spanish unit of German auto company Volkswagen – SEAT, at the company’s primary car assembly plant close to Barcelona. The company has decided to shut down the factory for five days. The closure decision was taken in lieu of...
Moderna Urges Its Investors To Have Patience Till Full Data On Its Flu Vaccine Is Presented

Moderna Urges Its Investors To Have Patience Till Full Data On Its Flu Vaccine Is Presented

After a slump in the stock price of Moderna Inc on Friday following initial test results of the company for its flu vaccine candidate, executives of the company urged its investors to not sell off stocks and wait for the company to publish more data.   On Thursday, the company released...
Apple Very Close To $3 Trillion Market Cap – Larger Than India’s Economy

Apple Very Close To $3 Trillion Market Cap – Larger Than India’s Economy

Just over a year after surpassing the $2 trillion barrier, Apple Inc is on the verge of hitting a $3 trillion market value, which would make as large as the fifth largest economy of the world - after Germany and ahead of the total economy of India.   Apple's stock was up 1.6 per cent at $174...
Rise In Demand For Tobacco Alternatives Prompts BAT To Maintain Its Forecast

Rise In Demand For Tobacco Alternatives Prompts BAT To Maintain Its Forecast

British American Tobacco said that 2021 will be a "pivotal year," as it reaffirmed its full-year profit and sales expectations, supported by strong demand for its "new categories" products.   Its shares, which have fallen 3 per cent this year, climbed 1.75 per cent to 2,671 pence in morning...
Moderna Stocks Slide As Its Mrna-Based Flu Vaccine Unable To Ace Existing Vaccines

Moderna Stocks Slide As Its Mrna-Based Flu Vaccine Unable To Ace Existing Vaccines

Stocks of pharma company Moderna Inc fell 11 per cent after preliminary results suggested that the firm's mRNA-based flu vaccine could not be robust enough to provide it a competitive advantage over currently licenced flu vaccines on the market, particularly for elderly persons.  ...
Ratings Of Evergrande And Kaisa Cut By Fitch To Default As The Chinese Firms Missed Debt Repayment Deadlines

Ratings Of Evergrande And Kaisa Cut By Fitch To Default As The Chinese Firms Missed Debt Repayment Deadlines

Rating agency Fitch reduced ratings for developers China Evergrande Group and Kaisa Group to "limited default" owing to non-payment of offshore bond dues, while a source claimed Kaisa had begun work on restructuring its $12 billion offshore debt.   Even though Evergrande and Kaisa have...
Secret Deal Between China And Apple CEO Tim Cook Worth $275 Billion

Secret Deal Between China And Apple CEO Tim Cook Worth $275 Billion

According to a claim made in ‘The Information’, Apple CEO Tim Cook had "secretly" inked a $275 billion pact with Chinese officials which was reportedly aimed at Apple assisting China in improving its economy and technical skills.   The Information disclosed in a detailed paywall article...
Stellantis Expects To Generate Revenue From Its Planned Software For Its Cars

Stellantis Expects To Generate Revenue From Its Planned Software For Its Cars

Auto major Stellantis is targeting to achieve a revenue target of 20 billion euros ($22.54 billion) by 2030 goods and subscriptions associated with its software in its aim to rival Tesla, the company said as it unveiled its software plan earlier this week.   According to CEO Carlos Tavares,...
Ford’s COO Says It Wants To Second World’s Largest Electric Vehicle Maker In Two Years

Ford’s COO Says It Wants To Second World’s Largest Electric Vehicle Maker In Two Years

Ford Motor Co intends to become the second biggest electric car maker of the world within the next two years, the American auto giant said.   A top official of the company said that this is aimed to be achieved using a manufacturing capacity of more than 600,000 electric vehicles at its...
Didi’s Decision To Delist From NYSE Prompts A 20% Plunge In Its US Listed Stocks

Didi’s Decision To Delist From NYSE Prompts A 20% Plunge In Its US Listed Stocks

Didi Global, the Chinese ride-hailing behemoth, announced its intentions to withdraw from the New York Stock Exchange and pursue a Hong Kong listing, just five months after its debut. This marks a remarkable turnaround in the strategy of the company which has arguably bowed down to pressures from...
EU Fines HSBC, Credit Suisse, Other Lenders Fined By EU On Charges Of Running A 'Sterling Lads' Forex Cartel

EU Fines HSBC, Credit Suisse, Other Lenders Fined By EU On Charges Of Running A 'Sterling Lads' Forex Cartel

Barclays, Credit Suisse, HSBC, and NatWest were slapped fines totalling 344 million euros ($390 million) by antitrust officials of the European Union on Thursday over charges of manipulating the foreign exchange spot trading market.   UBS narrowly managed to avoid a 94 million euro penalty...
EU Court Adviser Says Consumer Groups Could Sue Facebook

EU Court Adviser Says Consumer Groups Could Sue Facebook

In a German online gaming case that might pave the way for similar action throughout the EU, an advisor to Europe's highest court suggested on Thursday that Facebook could be sued by consumer organisations for privacy infringement.   The complaint dates back to 2012, and it is one of...
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World

2024: A Year Marked By Escalating Climate Extremes

2024: A Year Marked By Escalating Climate Extremes
In 2024, the global community faced unprecedented climate challenges, with human-induced climate change significantly intensifying extreme weather events. A comprehensive analysis by World Weather...

First Severe Human Bird Flu Case In U.S. Highlights Growing Health Concerns; Emergency Declared

First Severe Human Bird Flu Case In U.S. Highlights Growing Health Concerns; Emergency Declared
The United States has reported its first severe human case of bird flu in 2024, involving a Louisiana resident who is hospitalized in critical condition. This marks a significant shift in the ongoing...

Methane Emissions From Tropical Wetlands: A Growing Threat To Global Climate Goals

Methane Emissions From Tropical Wetlands: A Growing Threat To Global Climate Goals
Tropical wetlands, long known for their ability to absorb vast amounts of carbon, are now emerging as a major contributor to methane emissions, significantly complicating global efforts to tackle...

Conflict-Affected Nations Demand Urgent Climate Funding At COP29

Conflict-Affected Nations Demand Urgent Climate Funding At COP29
As COP29 unfolds in Azerbaijan, conflict-affected nations are making a unified call to double climate funding to over $20 billion annually by 2026. This demand comes against the backdrop of...

Trump’s Return To Office Could Shift Global Geopolitics: Putin Holds Firm On Ukraine, While Other Conflicts Face Uncertain Future*

Trump’s Return To Office Could Shift Global Geopolitics: Putin Holds Firm On Ukraine, While Other Conflicts Face Uncertain Future*
As former U.S. President Donald Trump prepares to re-enter the White House, the geopolitical landscape is bracing for significant shifts. Russian President Vladimir Putin has publicly expressed his...

People

Trump Declines Further Debates As Harris Emerges As Debate Winner In Polls

Trump Declines Further Debates As Harris Emerges As Debate Winner In Polls
Republican nominee and former U.S. President Donald Trump announced on Thursday that he would not participate in a third presidential debate against his Democratic rival, Vice President Kamala...

Kamala Harris Targets GOP Economic Criticism With New Policy Proposals

Kamala Harris Targets GOP Economic Criticism With New Policy Proposals
Vice President Kamala Harris on Friday presented a comprehensive economic policy agenda aimed at countering criticisms from Republicans and addressing key middle-class concerns. Speaking in Raleigh,...

Musk Gives To An Organisation That Supports Trump's Election: Bloomberg

Musk Gives To An Organisation That Supports Trump's Election: Bloomberg
According to a Bloomberg story quoting sources, billionaire Elon Musk, who has been criticising US President Joe Biden more and more, has contributed to a political organisation that aims to elect...

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...