The Chinese start-up revealed that it was testing a function called City NGP, short for navigation guided pilot. According to Xpeng, City NGP will enable the car to carry out a “full range of driving tasks,” such as maintaining a… Read More ›
Month: September 2022
Following An Arkansas College Football Game, Beyond Meat COO Doug Ramsey Was Detained For Allegedly Biting A Man’s Nose
Doug Ramsey, the chief operating officer of Beyond Meat, was detained this past weekend after being accused of biting a man’s nose in a parking garage in Arkansas after a college football game. Ramsey, 53, was arrested on suspicion of… Read More ›
Europe Scrambles To Get Ready For This Winter’s Energy Shortage
With Russian gas flows still running at significantly reduced rates due to the Ukraine war, European governments outlined new measures on Monday to deal with potential energy shortages this winter and sped its strategy to upgrade energy networks to share… Read More ›
A Recession In 2023 Could Happen Due To Global Rate Hikes, Says The World Bank
The World Bank has warned that increases in interest rates by central banks around the globe could trigger a global recession in 2023. To combat rising prices, central banks have raised interest rates “with a degree of synchronicity not seen… Read More ›
Germany Acquires Controlling Stakes In Rosneft Oil Refineries
The German government has temporarily taken control of two subsidiaries of Russia’s energy behemoth Rosneft. The government’s action places it in charge of Rosneft’s stakes in three refineries in the country. This includes a key facility in the country’s northeast… Read More ›
WHO Says World Best Positioned To End Covid-19 Pandemic
According to the chief of the World Health Organization, the current position of the world to ultimately bring an end to the COVID-19 pandemic is at its best than ever. This was the most optimistic assessment yet by the global… Read More ›
Ford Is Encouraging Dealers To Invest In Evs As It Seeks To Match Tesla’s Profits
Ford Motor Company is asking its nearly 3,000 dealers to invest up to $1 million in upgrades to sell all-electric vehicles, as the automaker seeks to reduce overhead costs and increase profits at its dealers in order to better compete… Read More ›
Starbucks Raises Its Long-Term Financial Forecast As It Reveals Its Reinvention Strategy
Starbucks raised its long-term financial forecast on Tuesday, following the announcement of a series of changes to its cafes as part of its reinvention plan. The Seattle-based company anticipates annual earnings per share growth of 15 per cent to 20… Read More ›
Germany Is Developing A New China Trade Policy And Vows “No More Naivety”
On Tuesday, Germany’s economy minister said the government was working on a new trade policy with China to reduce reliance on Chinese raw materials, batteries, and semiconductors, promising “no more naivety” in trade dealings with Beijing. Last week, sources told… Read More ›
Euro Zone Will Organize Monetary And Fiscal Policy To Combat Inflation
The euro zone’s finance ministers decided on Friday to work together to safeguard consumers and businesses from skyrocketing energy costs, coordinating their support measures with the ECB to prevent escalating inflationary pressures. The ministers from the 19 nations that make… Read More ›
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