Elon Musk sent out a supplemental letter of deal termination to Twitter Inc, citing a recent whistleblower complaint from the social media firm’s former security chief as yet another reason to cancel the $44 billion deal. Last week, Peiter Zatko,… Read More ›
Due to major travel disruptions, including a strict COVID-related lockdown in Shanghai, China’s three largest airlines reported a combined second-quarter loss of 28.4 billion yuan ($4.12 billion) on Tuesday, a larger loss than in the first quarter. The country’s policy… Read More ›
German inflation rose to its highest level in nearly 50 years in August, surpassing a three-month high, according to data, bolstering the case for the European Central Bank to hike interest rates by another basis point next month. Consumer prices… Read More ›
According to a report by Reuters quoting three sources familiar with the matter said that US regulators have chosen e-commerce giant Alibaba Group Holding Ltd and other US-listed Chinese companies for audit inspections beginning next month. The move follows Friday’s landmark… Read More ›
The British government’s options for assisting people facing skyrocketing energy bills include lending to energy suppliers, which could reduce bills by up to 500 pounds ($587) per year, according to the Daily Telegraph newspaper on Saturday. Britain’s energy regulator said… Read More ›
If governments do nothing to bring down the price of natural gas, EU countries will face five to ten harsh winters, warned Belgium’s energy minister. Gas price caps and decoupling from electricity prices are being advocated for across the EU…. Read More ›
According to new data, the number of chain stores closing in the United Kingdom has decreased significantly. Closures fell by one-third in the first half of 2022 compared to the same period last year, according to accounting firm PwC. Shop… Read More ›
The fuel that each and every automaker is now after these days in the transformation from gas-powered automobiles to electric vehicles is cold hard cash. To meet rising demand, both established automakers and startups are introducing new battery-powered models. Increasing… Read More ›
Amazon is discontinuing its telehealth service, Amazon Care, signaling a significant retreat by the retail behemoth in its efforts to enter the health care space. Amazon Health Services lead Neil Lindsay officially confirmed in a company email that the service… Read More ›
Second quarter results of chip maker Nvidia fell short of Wall Street’s expectations with respect to revenue and earnings per share. The report is consistent with Nvidia’s two weeks ago preliminary earnings. The chipmaker issued a warning that it would… Read More ›
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