Quarterly sale figures of McDonald’s Corp in the United States beat projections of the Wall Street, thanks to higher prices, larger order quantities, and additional menu items like the crispy chicken burger, the global fast food chain announced Wednesday. In… Read More ›
Day: October 27, 2021
Uber To Offer 50,000 Tesla Rentals To Its US Driver In Partnership With Hertz
Uber Technologies will offer 50,000 Tesla Inc automobiles as a rental option to its ride-hailing drivers by 2023 in partnership with Hertz, the ride-hailing company announced on Wednesday. According to a blog post by the ride-hailing business, a Tesla car… Read More ›
China’s Top Hot Pot Firm Loses $4 Billion In Three Days Due To Covid-19 Spike
The Chinese government’s escalating restrictions imposed to contain a rise in Covid-19 cases is having an impact on local businesses as a leading Chinese hot pot chain’s market value dwindled by $4 billion in a span of just three days…. Read More ›
Industry Report Claims Failure Of Risks Faced By Some Airlines If They Fail To Reduce Emission Fast
Due to a mismatch between short-term business travel ambitions and the airline industry’s 2050 net zero target, certain airlines face failure if they do not decrease carbon emissions faster in the next three to five years, according to an industry… Read More ›
Volvo Cars making major concessions to wet investor appetite given strong concerns
Ahead of its initial public offering, Volvo Cars’ Chinese owner Zhejiang Geely is making some major concessions so as to wet investor appetite. Chinese owned Volvo Cars has slashed the amount it aims to raise from its massive equity offering by… Read More ›
Justice Department pursues FCA in emission fraud, financial penalties being negotiated
According to sources familiar with the matter hand, Fiat Chrysler Automobiles (FCA) is close to an agreement to plead guilty to criminal conduct so as to resolve a multiyear emissions fraud probe revolving around its Ram pickup trucks and Jeep… Read More ›
Trump tightens grip on his social media company
According to regulatory filings late on Tuesday, former U.S. President Donald Trump will be able to retain the ownership of his newly launched social media venture even if he chooses to make another run for the presidency or is convicted… Read More ›
US considering options to include Israel, Cyprus, Bulgaria and Romania to VISA waiver program
In a statement the U.S. Homeland Security Secretary Alejandro Mayorkas stated, the United States is considering adding four countries to its visa waiver program allowing them to visit the country without a visa for up to 90 days. “We have… Read More ›