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The Decline In Commercial Real Estate Is Deemed A Major Concern By UBS

One of the "top and emerging risks" that UBS identified for the Swiss bank was the decline in the commercial real estate markets, which was impacted by lower office space demand during the pandemic and higher borrowing costs.   The largest slump in the commercial real estate markets since...

The Compromised Data Set Of AT&T Affects Roughly 73 Million Active And Past Customers

The telecom giant AT&T announced on Saturday that it is looking into a data set that was made available on the "dark web" around two weeks ago. According to its initial investigation, the data set may have affected 65.4 million former and 7.6 million current account holders.   The data...

As Moderna Attempts To Recover From The Covid Collapse, Three Of Its Vaccines Are Moved Into Final Stage Testing

Beyond its Covid vaccination, Moderna offers further benefits.   The biotech business revealed encouraging results from three experimental vaccines against different viruses. According to the corporation, such photos are being moved to final stage studies.   With the global demand for...

Huawei Claims Mass Delivery Of Chery's Luxeed S7 Luxury EV Has Begun

Mass distribution of the Luxeed S7 electric car, a collaborative endeavor between Chery Auto and the technological powerhouse Huawei, has finally commenced after encountering setbacks in production and delivery due to chip shortages, as stated by a Huawei executive on Saturday. Richard Yu, the...

Insurance Loss Because Of The Bridge Collapse In The US Could Reach $3 Billion

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.  ...

China's Smartphone Maker Xiaomi Unveils An Electric Vehicle $4K Less Expensive Than Tesla's Model 3

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...

For His Multibillion-Dollar FTX Scam, Bankman-Fried Given A 25-Year Jail Term

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...

Tesla Deliveries Risk A Knock From China's Recession And Lacklustre Demand

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...

Hyundai Motor Doubles Down On EVs As It Increases Investment In Korea

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...

Chinese TikTok Vendors Bemoan The Platform's Increased Adherence To US Regulations, Citing Undermining

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....

Trump's Media Business Made A Great Wall Street Debut, Valued At About $8 Billion

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...

Google, And Apple Breakups Are On The Table As Global Regulators Tackle Technology Sector

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...
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