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BP Will Continue To Produce Oil And Gas For Decades, Says CEO Looney

BP Will Continue To Produce Oil And Gas For Decades, Says CEO Looney

Even though BP is reducing its output for fossil fuels as a part of its strategy to shift to low-carbon energy, the Chief Executive of the company Bernard Looney still believes that the oil and gas major will continue to produce hydrocarbons for decades to come and will also benefit from increase...
EU Loses Case Filed To Force AstraZeneca To Supply 120m Vaccines By June End

EU Loses Case Filed To Force AstraZeneca To Supply 120m Vaccines By June End

The legal effort of the European Union in Brussels to force the Anglo-Swedish drug maker AstraZeneca to supply the bloc with 120m doses of Covid-19 vaccines by the end of June has been lost by the bloc.   Following the delay by the company to ship the vital vaccines after the company had...
AI Based Tools Being Tested By Facebook To Stop Fighting In Its Groups

AI Based Tools Being Tested By Facebook To Stop Fighting In Its Groups

Social media platform Facebook plans to use artificial intelligence to help control conversations on its platforms form going out of control. The company is currently trying out the use of AI for spotting online fights in its many groups which will allow the group administrators to get things to...
GM To Enhance Expenditure On Electric And Autonomous Vehicles By 30%

GM To Enhance Expenditure On Electric And Autonomous Vehicles By 30%

United States based auto major General Motors Co plans to increase its spending globally on electric and autonomous vehicles through 2025. The company will spend 30 per cent more on these compared to what it had forecast most recently which will be about $35 billion, said reports quoting sources...
With Easing Pandemic Restrictions, H&M Reports Surge In Sale

With Easing Pandemic Restrictions, H&M Reports Surge In Sale

With restrictions imposed because of the Covid-19 pandemic being eased in many markets and with continued strength in online demand for its products, the fashion brand H&M reported a jump in sales in the period between March to May compared to a year earlier even though the revenue of the...
South Korea’s Hyundai Talking Local Chipmakers To Reduce Foreign Dependence

South Korea’s Hyundai Talking Local Chipmakers To Reduce Foreign Dependence

Within a global shortage of chips, the South Korean auto giant Hyundai Motor Group is talking with domestic chip companies for reducing its reliance on foreign supplies of chips, said reports quoting sources with knowledge of the matter. The chip shortage globally has forced many auto makers to...
Blackstone Set To Make A $3.05 Bln Bud To Acquire Chinese Office Developer Soho China

Blackstone Set To Make A $3.05 Bln Bud To Acquire Chinese Office Developer Soho China

The United States based private equity firm Blackstone Group Inc. is close to striking an agreement for the acquisition of the office developer Soho China Ltd., said reports quoting sources familiar with the matter, in what would make the deal, if successful, the biggest real estate investment by...
China Gives License To BlackRock To Start Mutual Fund Business There

China Gives License To BlackRock To Start Mutual Fund Business There

Chinese authorities have granted permission to start its business in the country as Beijing starts to open up its $3.5 trillion industry. That makes BlackRock the first global asset management company to start business in China as a wholly-owned onshore mutual fund company.   Approval to...
Tesla’s Faster Model S 'Plaid' Launched, Musk Says 'This Car Crushes'

Tesla’s Faster Model S 'Plaid' Launched, Musk Says 'This Car Crushes'

"This car crushes," said Elon Musk, CEO of the United States based electric car maker Tesla Inc as it launched a version of its Model S at an event organized at Tesla's US factory in Fremont, California.   Through this launch, the company aims to tackle competition from rivals such as...
Tesla Launches High-Performance Model S ‘Plaid’ To Rival Luxury Brands Like Mercedes, Porsche

Tesla Launches High-Performance Model S ‘Plaid’ To Rival Luxury Brands Like Mercedes, Porsche

United States based electric car maker Tesla Inc launched a version of its Model S, which will be a high performance vehicle, as the company aims to tackle competition from rivals such as Porsche, Mercedes-Benz and Lucid Motors in the luxury electric vehicle market and to potentially reignite...
29% Surge In Sale Of Tesla's China-Made Vehicle Sales In May

29% Surge In Sale Of Tesla's China-Made Vehicle Sales In May

There was a 29 per cent surge in the sale of China made cars from the United States based electric car maker Tesla Inc in May as the company sold 33,463 electric cars made in China in the month, showed data from the China Passenger Car Association (CPCA) on Tuesday.   CPCA said that on a...
Apple Talking With CATL, BYD For EV Battery Supply For Its Electric Car: Reuters

Apple Talking With CATL, BYD For EV Battery Supply For Its Electric Car: Reuters

Negotiations between the iPhone maker Apple Inc and the Chinese firms CATL and BYD over the supply of batteries for the planned electric vehicle of the American company is currently undergoing and is in the early stages, claimed a report published by the News agency Reuters citing sources with...
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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...