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Tesla’s Shanghai Gigafactory dispatches second export shipment after resumption Tesla cars
1 min read

Tesla’s Shanghai Gigafactory dispatches second export shipment after resumption

May 17, 2022
This is the second export shipment of Tesla cars from Shanghai since the factory resumed production on...
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World’s most valuable company Saudi Aramco reports record first quarter as oil prices soar Saudi Aramco
1 min read

World’s most valuable company Saudi Aramco reports record first quarter as oil prices soar

May 16, 2022
The Saudi Arabia-based oil behemoth said net income rose 82 percent to $39.5 billion in the first...
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U.S., Europe race to improve food supply chains after India bans wheat exports
1 min read

U.S., Europe race to improve food supply chains after India bans wheat exports

May 16, 2022
The recent move by the United States and the European Union comes after India banned wheat exports...
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Goldman Sachs officials reach $79.5 million shareholder settlement over 1MDB scandal Goldman
1 min read

Goldman Sachs officials reach $79.5 million shareholder settlement over 1MDB scandal

May 15, 2022
Goldman Sachs Group Inc (GS.N) officers and directors have agreed to pay $79.5 million to settle shareholder allegations that their inadequate management led to the bank’s involvement in Malaysia’s 1MDB sovereign wealth fund looting crisis. On April 8, former Goldman banker...
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Government data confirms Saudi consumer price index up by 2.3% in April. Saudi
1 min read

Government data confirms Saudi consumer price index up by 2.3% in April.

May 15, 2022
Saudi Arabia’s consumer price index(CPI) rose 2.3% from a year earlier in April, mainly due to a...
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Maruti, India’s largest carmaker, to set up a factory in the north. maruti suzuki
1 min read

Maruti, India’s largest carmaker, to set up a factory in the north.

May 14, 2022
India’s biggest carmaker, Maruti Suzuki, will build a manufacturing plant that can produce up to 250,000 cars...
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French Media Group, Banijay set to list on the stock market
1 min read

French Media Group, Banijay set to list on the stock market

May 14, 2022
Banijay, a French television production business planning to go public, reported stronger first-quarter sales and profits on Friday than a year earlier. Banijay is the world’s largest worldwide content producer and distributor, with over 120 production businesses spread across 22 nations and over 120,000 hours of original programming. Banijay will go public through a merger with a blank-check acquisition firm backed by...
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Musk put $44 billion Twitter deal on hold over false account data
1 min read

Musk put $44 billion Twitter deal on hold over false account data

May 14, 2022
Elon Musk said on Friday that his $44 billion cash purchase for Twitter Inc (NYSE: TWTR) is “temporarily on pause” while he waits for evidence on the number of false accounts on the social media platform. Twitter shares were down 9.6% to $40.71 in premarket trading on Friday, a...
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Crypto crisis worsens as Tether broke below its $1 peg usdt tether
1 min read

Crypto crisis worsens as Tether broke below its $1 peg

May 12, 2022
Tether, the world’s largest stablecoin, which is meant to be pegged 1-to-1 to the U.S. dollar has...
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Siemens ready to exit Russia and risk hefty financial penalties, due to the Ukraine war
1 min read

Siemens ready to exit Russia and risk hefty financial penalties, due to the Ukraine war

May 12, 2022
Siemens’ business suffers a 600 million euro ($630 million) knock in the first quarter, with more expenditures to come. The German industrial and technology conglomerate is the latest multinational to report damages as a result of its decision to leave Russia after the invasion on February 24. Siemens incurred 600 million euros in impairment and other charges, the majority of which were recorded in the company’s train-making mobility division.  Siemens’ second-quarter earnings were hit hard by the charges, with net income falling to 1.21 billion euros ($1.27 billion).  Siemens shares dropped 5% in early trading. The company has reiterated its full-year plan, with slower growth in factory automation and digital buildings projected to balance a dip in transportation. This report’s...
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Bitcoin drops below $27,000 for first time since December 2020 level amid crypto sell-off Bitcoin
1 min read

Bitcoin drops below $27,000 for first time since December 2020 level amid crypto sell-off

May 12, 2022
Analysts have identified $30,000 as a critical level for the largest cryptocurrency by market cap, predicting that...
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Inflation rate for consumer prices related to the US economy declines in April Jerome Powell
1 min read

Inflation rate for consumer prices related to the US economy declines in April

May 12, 2022
Consumer goods and services inflation is presently at 8.3 percent, down 0.3 percent from the previous month.
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Apple loses position as world’s most valuable company to Oil giant Saudi Aramco Apple
1 min read

Apple loses position as world’s most valuable company to Oil giant Saudi Aramco

May 12, 2022
The symbolic move demonstrates how markets are shifting as the global economy deals with rising interest rates,...
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Ukraine halts Russian gas exports to Europe at eastern transit point Ukraine gas
1 min read

Ukraine halts Russian gas exports to Europe at eastern transit point

May 12, 2022
This comes after Russian-backed separatists in eastern Ukraine were accused of siphoning off the gas at the...
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Gold bounces as dollar uptick halts after U.S. inflation data
1 min read

Gold bounces as dollar uptick halts after U.S. inflation data

May 12, 2022
Despite gold's reputation as a safe haven against inflation, inflation data was higher than expected but not...
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Copper gains, putting pressure on demand as China’s covid-19 cases fade copper
1 min read

Copper gains, putting pressure on demand as China’s covid-19 cases fade

May 11, 2022
Base metals have been pushed lower by Chinese lockdowns and concerns about rapid US interest rate hikes,...
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Coinbase shares down more than 17 percent in premarket trading coinbase
1 min read

Coinbase shares down more than 17 percent in premarket trading

May 11, 2022
The leading cryptocurrency exchange posted a loss of $429.7 million, or $1.98 per share in the first...
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Apple discontinues its last iPod model, signalling the end of portable music Apple Ipod
1 min read

Apple discontinues its last iPod model, signalling the end of portable music

May 11, 2022
The move effectively puts an end to the iconic product line that helped usher in a new...
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Tesla, world’s most valuable automaker, ships 4,767 vehicles from its Shanghai plant Tesla cars
1 min read

Tesla, world’s most valuable automaker, ships 4,767 vehicles from its Shanghai plant

May 11, 2022
In April, Tesla sold 1,512 China-made electric vehicles in the country, a drop of more than 95...
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Oil bounces back slightly ahead of economic figures Crude Oil
1 min read

Oil bounces back slightly ahead of economic figures

May 11, 2022
After a strong start, oil is still up more than 30 percent for the year, supported by...
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Ford sells $214 million stake in American EV maker, Rivian Rivian
1 min read

Ford sells $214 million stake in American EV maker, Rivian

May 11, 2022
Ford now owns 93.9 million shares in the California-based company, down from 102 million shares in the...
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Coinbase revenue declines by 35 percent in Q1 2022, as retail interest wanes Coinbase
1 min read

Coinbase revenue declines by 35 percent in Q1 2022, as retail interest wanes

May 11, 2022
Trading volumes on the platform fell to $309 billion for the quarter ended March 31, 2022, from...
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Tech giant, Apple granted EV charging station patent Apple EV
1 min read

Tech giant, Apple granted EV charging station patent

May 11, 2022
Apple's patent application is a continuation of previous U.S. patent applications, as this is Apple's second patent...
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American bank, Citigroup says Russia unit to be sold had $32 million revenue in Q1 Citigroup
1 min read

American bank, Citigroup says Russia unit to be sold had $32 million revenue in Q1

May 10, 2022
Citi continues to serve multinational corporate clients despite the closure of its Russian operations.
Read More
Chinese automaker, Geely to buy 34 percent stake in Renault Korea in deal valued at $207 million
1 min read

Chinese automaker, Geely to buy 34 percent stake in Renault Korea in deal valued at $207 million

May 10, 2022
As part of the scheme arrangement, Renault Korea Motors will issue 45.4 million shares to Geely's unit...
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El Salvador buys the dip, adding 500 bitcoin to its balance sheet
1 min read

El Salvador buys the dip, adding 500 bitcoin to its balance sheet

May 10, 2022
El Salvador's recent coin purchase is the country's largest since it began adding digital currency to its...
Read More
Apple, Microsoft, Tesla, and other tech titans have lost more than $1 trillion in three trading sessions Apple
1 min read

Apple, Microsoft, Tesla, and other tech titans have lost more than $1 trillion in three trading sessions

May 10, 2022
Investors are less interested in what drove business during the recent strong bull market and are now...
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Tech’s latest IPOs are taking a hit, with Robinhood, Rivian, down over 70 percent from offer price
1 min read

Tech’s latest IPOs are taking a hit, with Robinhood, Rivian, down over 70 percent from offer price

May 10, 2022
The drop in the share price of technology companies has been especially harsh for companies that made...
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40 percent of bitcoin investors are now in the red as the cryptocurrency market continues to fall Bitcoin
1 min read

40 percent of bitcoin investors are now in the red as the cryptocurrency market continues to fall

May 10, 2022
Bitcoin has declined by more than 50 percent in the last six months when the price of...
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Meet Gautam Shantilal Adani, the 5th Richest man in the world Adani-Group
2 min read

Meet Gautam Shantilal Adani, the 5th Richest man in the world

May 7, 2022
Gautam Shantilal Adani was born in a Gujarati Jain family. He has seven siblings the eldest being...
Read More
Chelsea Football Club has agreed to sell for more than £4 billion to the Todd Boehly Consortium.
2 min read

Chelsea Football Club has agreed to sell for more than £4 billion to the Todd Boehly Consortium.

May 7, 2022
Chelsea Football Club has confirmed that arrangements have been agreed on for the purchase of the English...
Read More

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