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Huawei Trying To Enter Electric Vehicle Industry As It Tries To Acquire A Small Automaker’s EV Unit

Huawei Trying To Enter Electric Vehicle Industry As It Tries To Acquire A Small Automaker’s EV Unit

The largest telecom equipment maker of the world Huawei is making a strategic shift in its business strategy and is now trying to enter into the area of electric vehicle making. According to a report published by the news agency Reuters, the Chinese firm is now holding talks for taking control of a...
Unilever Beats Quarterly Forecasts Helped By Home Cooking And China Recovery

Unilever Beats Quarterly Forecasts Helped By Home Cooking And China Recovery

A strong recovery of the Chinese economy as well as increased cooking at home by consumers forced to stay back home because of the Covid-19 pandemic induced restrictions helped Unilever to comfortably beat quarterly sales forecasts on Thursday.   The company said that starting in May this...
Indian Food Delivery Giant Zomato To Go Public Through $1.1 Billion IPO

Indian Food Delivery Giant Zomato To Go Public Through $1.1 Billion IPO

A mega initial public offering (IPO) is being planned by Zomato, the Indian good delivery startup that acquired Uber's local food delivery business last year, said reports.   Application for filing an IPO was made by the company on Wednesday in Mumbai as the company hopes to raise as much as...
Sales At Durex-Maker Reckitt Driven By More Sex And Fewer Colds

Sales At Durex-Maker Reckitt Driven By More Sex And Fewer Colds

Consumer goods giant Reckitt has noted a rise in sales of condoms in marketing including China where there has been an easing of lockdowns. For the first quarter, double digit growth in the sale of Durex compared to the same period last year was reported by the company.   But with lesser...
Record Quarterly Income For Tesla At $438 Million Against 74% Revenue Growth

Record Quarterly Income For Tesla At $438 Million Against 74% Revenue Growth

The United States based electric car maker Tesla comfortably beat market expectations for the first quarter – driven by sales of bitcoin and regulatory credits.   However the stocks of the company dropped by 3 per cent in the US in after hour trading.   The company reported a record...
Betway - Parent Of Online Bookmaker Betway, To Get Listed Using SPAC

Betway - Parent Of Online Bookmaker Betway, To Get Listed Using SPAC

The parent company of online bookmaker Betway, Super Group, will go public at a valuation of about $5 billion through a process of merger with blank-check acquisition firm Sports Entertainment Acquisition Corp, the company said.   This move comes from the Europe based company at a time when...
Toshiba Asked To Officially Seek Acquirers By Conglomerate’s No.2 Shareholder

Toshiba Asked To Officially Seek Acquirers By Conglomerate’s No.2 Shareholder

Japanese conglomerate Toshiba Corp has been called upon by its second largest shareholder to conduct a strategic review and explicitly solicit suitors and said that the comments of the company of it wanting to remain listed were deterring potential acquirers.   These comments were made by...
Volkswagen Could Cut Production Due To Chip Shortage: Reports

Volkswagen Could Cut Production Due To Chip Shortage: Reports

The global shortage of semiconductors used in the auto industry will potentially force the German auto major Volkswagen AG to curb production as the company warned its managers to get ready for a larger production hit in the second quarter compared to what was faced in the first quarter, claimed a...
Boeing Continues To Try Find A Fix For 106 Grounded 737 Max Planes

Boeing Continues To Try Find A Fix For 106 Grounded 737 Max Planes

An electrical issue has grounded 106 Boeing 737 Max airplanes throughout the world, said the United States Federal Aviation Administration (FAA). The US regulator added that Boeing is still working to try to fix the issue.   On April 7, an electrical power system issue was disclosed by the...
Rolls-Royce In Negotiations With Spanish Authorities Over Sale Of ITP Aero

Rolls-Royce In Negotiations With Spanish Authorities Over Sale Of ITP Aero

Following reports in Spain about the government there potentially blocking the sale of the Spanish unit ITP Aero of the British engineering company Rolls-Royce, the firm has confirmed that it was in constructive talks with Spanish authorities about the deal.   The sale of turbine blade-maker...
Credit Suisse’s Q1 Trading Gains Wiped Off By Archegos, Reports 252Mn Sfr Loss

Credit Suisse’s Q1 Trading Gains Wiped Off By Archegos, Reports 252Mn Sfr Loss

A multi-billion dollar hit from the collapse of the United States based investment fund Archegos negated the profits made by Credit Suisse from its trading business during the first quarter as the bank reported a 757 million Swiss franc pre-tax loss for the period which was slightly smaller than...
Tesla Issues Rare Apology After Chinese Social Media Pressure Over A Customer Complaint

Tesla Issues Rare Apology After Chinese Social Media Pressure Over A Customer Complaint

The United States based electric car maker Tesla is facing a social media storm in China as regulators and the state media also joining in the fray after an unhappy Tesla customer clambered showed her protest over the company's handling of her complaints by climbing atop a Tesla car at the auto...
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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...