Chinese automaker Chery has begun assembling vehicles in Russia, taking over production in three factories previously operated by Volkswagen, Mercedes, and Nissan. These factories had been vacated following the exodus of Western companies due to […]
In a bold move to address the housing crisis, the Heather Lands in Vancouver will soon be home to 2,600 new units, blending market-rate and affordable housing. With Vancouver’s property market among the most expensive […]
Apple’s latest advertising campaign, intended to highlight the creative potential compacted into its new iPad, has inadvertently ignited a storm of controversy. The ad visually represents creativity being compressed by destroying various objects, including musical […]
In a bold stride towards public health, the UK Parliament has recently advanced legislation aimed at banning cigarette sales to individuals 15 years old and younger, effectively setting a path towards a smoke-free future generation. […]
In a move to bolster the United States’ semiconductor capacity, the CHIPS Act has earmarked approximately $52 billion in funding for the sector, aiming to reduce dependence on overseas chip manufacturing. Samsung, plans to use […]
The European Commission has initiated inquiries into two Chinese solar panel manufacturers amid concerns of potential government subsidies that contravene EU competition regulations. These investigations emerge as these firms vie for a contract to develop […]
Uber has reached a monumental $271.8 million settlement with Australian taxi and hire car drivers, operators, and license holders. This compensation is for the economic losses they suffered following Uber’s entrance into the Australian market, […]
In a financial milestone, dividends paid out to shareholders worldwide soared to a record $1.66 trillion in 2023, reports British asset manager Janus Henderson. This remarkable growth, up 5% from the previous year, underscores the […]
The UK government is set to introduce a ban on foreign government ownership of British newspapers and news magazines. This decision follows the contentious proposed acquisition of the Daily Telegraph and the Spectator by RedBird […]
The rapid expansion of artificial intelligence (AI) has brought its environmental footprint into sharp focus. Data centers, the powerhouses behind AI’s capabilities, are consuming natural resources at an alarming rate. Estimates show that by 2026, […]
Volkswagen has partnered with Xpeng, a renowned Chinese electric car manufacturer, in a strategic move to reclaim its foothold in the rapidly growing electric vehicle (EV) market in China. This collaboration aims to develop two […]
In a notable effort to rejuvenate its tourism sector, Thailand has announced a reduction in alcohol tax rates. This policy, effective from Friday, is part of a broader strategy to appeal to international visitors and […]
In a landmark decision, Parisians have recently voted in favor of tripling parking charges for SUVs, a move aimed at curbing the use of “bulky, polluting” vehicles within the French capital. This significant increase in […]
Article: Scotland is set to take a bold step in its public health policy by increasing the minimum price of alcoholic beverages by 30%. This significant move, expected to be confirmed by ministers in Edinburgh, […]
In a recent move that’s caught the eyes of many, China has placed Shein, the global online retail giant, under the microscope as it prepares for an Initial Public Offering (IPO). This scrutiny isn’t just […]
In a significant move to address the increasing prevalence of vaping among young people, the UK government has announced plans to ban disposable vapes. This decision comes as figures from Action on Smoking and Health […]
Before diving into the remarkable performance of hedge funds in 2023, it’s essential to understand what a hedge fund is. A hedge fund is a type of investment fund that pools capital from accredited individuals […]
California, long hailed as a pioneer in renewable energy, has recently made a significant policy shift that dampens the momentum of its residential rooftop solar sector. Last year, the state implemented a policy that substantially […]
China’s BYD (Build Your Dreams) has made a historic leap in the electric vehicle (EV) sector, surpassing Tesla to become the world’s largest EV maker. This shift signals a major transformation in the automotive industry, […]
In Zimbabwe, small businesses are facing a major economic challenge due to soaring internet costs. Econet Wireless Zimbabwe, a primary mobile operator, recently doubled its data prices, causing a significant strain on entrepreneurs like Joyce […]
Barclays Bank has embarked on a significant restructuring process, reducing its global workforce by 5,000. This decision forms part of the bank’s strategic initiative to cut costs and improve profitability. The reduction, affecting a substantial […]
McDonald’s is taking a bold step into the future of fast food with the launch of CosMc’s, a groundbreaking concept restaurant. The initial glimpse into this innovative venture begins with a soft opening in the […]
In a groundbreaking collaboration, LEGO has joined forces with the popular online shooting game, Fortnite, to introduce a unique game mode. This new offering, titled “Lego Fortnite,” is expected to provide stiff competition to Minecraft, […]
In a significant policy reversal, New Zealand’s government plans to scrap the “generational smoking ban,” a groundbreaking law aimed at curbing smoking rates. Initially passed in 2022, the law intended to progressively raise the minimum […]
The world is currently facing a significant surge in sugar prices, reaching levels unseen since 2011. This escalation, largely due to reduced global supplies following unfavorable weather in key sugar-exporting countries like India and Thailand, […]
In the vibrant city of Copenhagen, known for its culinary prowess, a group of young entrepreneurs launched a revolutionary startup, Too Good To Go (TGTG), to address a critical global issue: food waste. This innovative […]
WeWork, the co-working giant that once boasted a valuation of $47 billion, has filed for Chapter 11 bankruptcy. The company, which has been struggling with a net long-term debt of $2.9 billion and over $13 […]
Apple, the tech giant known for its iPhones and MacBooks, is bracing for its fourth consecutive quarterly revenue decline. As the company prepares to report its earnings, Wall Street anticipates a slight dip in sales […]
Billionaires around the world might need to keep a closer eye on their bank accounts. A recent report by the EU Tax Observatory suggests that some of the world’s wealthiest individuals are paying little to […]
Germany is witnessing a positive shift towards gender equality in its corporate world. A recent report by the AllBright Foundation highlighted that there has been an increase in the number of women joining executive boards […]
Rolls-Royce, the renowned engineering giant, has unveiled plans to cut up to 2,500 jobs worldwide in a bid to create a “more efficient and effective” organization. This decision marks the first significant action by Tufan […]
Microsoft has successfully closed its $69 billion deal to acquire Activision Blizzard, a significant move in the gaming industry. This acquisition was finalized after receiving the green light from the UK’s Competition and Markets Authority […]
ExxonMobil, a giant in the oil industry, has struck a deal to acquire Pioneer Natural Resources, a major shale oil producer, in a move that will notably expand Exxon’s presence in the Permian Basin, located […]
Dr. Martens, the iconic bootmaker, is stepping up its sustainability game by launching a shoe repair service in the UK. This move is aimed at encouraging customers to prolong the life of their boots, thereby […]
Lego, the renowned toy manufacturer, has decided to abandon its initiative to produce bricks from recycled bottles. This decision comes as a setback to the company’s ambitious goal to reduce carbon emissions. In 2021, Lego […]
Pop sensation Taylor Swift is not only dominating the music charts but is also making a significant impact on the hotel industry. Her latest “Eras” tour has led to a surge in hotel revenues in […]
Apple has hit a snag in China with recent reports suggesting that Chinese government workers have been instructed to stay clear of iPhones. This news has caused Apple’s shares to tumble for two consecutive days, […]
Arm Holdings, the UK-based chip designer, is gearing up for a significant move – they’re aiming for a market value of over $50bn (£40bn) as they prepare to sell shares to the public for the […]
Luckin Coffee, a prominent coffee chain in China, recently brewed up a storm with its new offering: an alcohol-infused latte in collaboration with Kweichow Moutai, China’s national liquor brand. On the first day of its […]
While other toy companies are struggling with sales slumps fueled by inflation, Lego is constructing positive results one brick at a time. The Danish toymaker saw a 1% rise in revenue during the first half […]
Kleenex, a household name for facial tissues, is saying goodbye to Canada due to “unique complexities,” as stated by Kimberly-Clark, the parent company of Kleenex. This decision highlights the importance of understanding market dynamics and […]
Time to uncork a bottle of economic intrigue: the French government and the European Union are shelling out a whopping 200 million euros to… destroy surplus wine. Wait, what? Yep, you read that right. It’s […]
Oil and gas titan Shell has faced a ban on some of its advertisements due to misleading claims about the cleanliness of its energy production. The Advertising Standards Authority (ASA) ruled that the ads, including […]
According to a new report from the International Energy Agency (IEA), global investment in energy is expected to reach approximately $2.8 trillion in 2023, with over $1.7 trillion directed towards clean energy technologies such as […]
Oil prices have shot upwards following Saudi Arabia’s announcement to cut oil production by a million barrels per day (bpd) in July. This move is part of a broader strategy by OPEC+, a group of […]
In a surprising turn of events, Meta Platforms has sold Giphy, a popular platform for animated images, to Shutterstock, an online stock-photo marketplace, for $53 million. This is a significant loss for Meta, which bought […]
The UK’s economy is ailing, and this isn’t just a figure of speech. More Britons than ever are out of the workforce due to long-term illness or disability, a historic and lamentable loss of human […]
In a move that could revolutionize the way people in Ethiopia do business, the government has granted a mobile money license to Safaricom. The company’s M-Pesa service is already used by millions of people in […]
The CEO of Genies, a $1 billion avatar tools company, is investing $2,400 a month on ChatGPT Plus accounts for all 120 employees in an effort to boost productivity and save money. Akash Nigam, Genies’ […]
Germany’s economy ministry has proposed to cover 80% of electricity costs for energy-intensive companies until 2030, aiming to support industries like chemicals, steel, and glass. The plan, estimated to cost €25-30 billion, also seeks to […]
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