In a statement the CEO of Rivian Automotive Inc RJ Scaringe said, the automaker will delay deliveries of its electric pickup truck and sports utility vehicle with big battery packs to 2023. He went on to add, the large majority of… Read More ›
Month: December 2021
NHTSA opens engineering analysis on around 3M vehicles of Kia Motors and Hyundai over engine fires
In a statement the National Highway Traffic Safety Administration (NHTSA) said, it has opened an “engineering analysis” which covers around 3 million vehicles to evaluate, among other things, the efficacy of recalls initiated by Kia Motors Corp and Hyundai Motor… Read More ›
1/3rd Of Rated Chinese Developers To Experience Cash Crunch If Sales Fall By 30%, Says Fitch
According to Fitch Ratings, as many as one-third of the 40 Chinese property developers that were assessed by the company might face a financial crunch if home sales revenue declines by 30 per cent next year. “The longer the stresses on… Read More ›
Shoppers Refrain From Benefitting From Christmas Sales In UK With Drop In Footfall Amid Covid Fears
In the wake of ongoing Covid-19 worries, the number of consumers wanting to take advantage of post-Christmas deals on Monday plummeted by 32 per cent compared to 2019. Footfall estimates were better than Boxing Day, according to retail analyst Springboard. However, famous… Read More ›
Omicron infection enhances neutralizing immunity against the Delta variant
A study by scientists at South African shows, an infection by the Omicron variant enhances neutralizing immunity against the Delta variant. The yet-to-be peer-reviewed article, found that people who were infected with Omicron, especially those who were vaccinated, developed enhanced… Read More ›
China Will Make Overseas IPO Rules For Domestic Firms Stricter But Won’t Impose A Blanket Ban
China intends to stiffen rules for Chinese firms seeking to get publicly listed overseas, but it would not prohibit them from trading in other countries entirely. The Chinese securities regulator recommended that any company seeking to go public in a foreign country must first get registered with… Read More ›
Almost 100 Million Pushed Into Poverty By The Pandemic
According to the World Bank, the pandemic has pushed about 97 million people into poverty by 2020 all across the world, with many surviving on less than $2 a day. Since then, there has been little progress. “Globally, the increase in poverty… Read More ›
Airlines Cancel Thousands Of Flights Globally With Omicron Ruining Christmas Weekend
Over the Christmas weekend, commercial airlines across the globe canceled over 4,500 flights as a growing wave of Covid-19 infections caused by the Omicron strain brought further uncertainty and suffering for holiday travelers. According to a complete record on the flight-tracking website FlightAware.com,… Read More ›
Credit Suisse preparing grounds to file lawsuit against SoftBank Group Corp in Britain
According to US court documents, Credit Suisse has sought information through the U.S. courts which could potentially lead to a situation wherein it can take a legal step against SoftBank Group Corp in Britain in an effort to recover funds… Read More ›
Google Ousted By Chinese Social Media App TikTok As Favourite Online Destination
TikTok is the newest and most popular online destination in the globe. According to Cloudflare, an IT security company, the viral video app receives more hits compared to than the American search engine. TikTok dethroned Google from the top spot in… Read More ›
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