Author Archives
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Amazon’s Net Loss Raises The Question Of Whether It Has Created Too Many Warehouses
Amazon.com Inc has spent billions of dollars on new warehouses in recent years, slashing earnings while claiming to investors that it had no alternative but to fulfill ever-increasing consumer demand. According to observers, Amazon may have created too much, too… Read More ›
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Food Prices Will Continue To Rise, Warns Asda Chairman Stuart Rose
The high cost of raw materials will result in food prices continuing to rise and remain higher “for quite some time,” according to Asda chairman Lord Rose. Many families trying to make ends meet will “suffer,” the Conservative peer said,… Read More ›
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Saudi Arabia May Reduce June Crude Prices To Asia From Their All-Time Highs
Saudi Arabia, the world’s largest crude exporter, may drop prices for crude grades supplied to Asia in June after benchmarks fell from records the previous month as COVID lockdowns curtailed demand in China, the world’s largest petroleum importer, traders said… Read More ›
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Supply Chain Issues And Uncertainty Over Tariffs To Slowdown U.S. Solar Industry
The solar sector in the United States is predicting a significant slowdown in project instals this year due to global supply chain issues and the potential of new U.S. tariffs on panel imports from Southeast Asia. Southern Co, a U.S…. Read More ›
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Russia’s War Is Affecting Food Security In The Middle East, Prompting Threats Of Riots, Famine, And Mass Migration
Bread has been the lifeblood of society for generations. Riots and revolutions have erupted over the supply of this key dietary staple — and, more broadly, food prices, particularly in the Middle East and North Africa. Russia’s unjustified invasion of… Read More ›
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Boeing Lost $1.1 Billion On The Trump Air Force One Contract, And The CEO Regrets The Decision
Boeing revealed on Wednesday that it has lost $1.1 billion in costs connected to its deal with the Trump administration to convert two 747 jumbo planes to serve as Air Force One — and CEO Dave Calhoun said the aviation… Read More ›
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Microsoft’s $15 Billion Cybersecurity Division Is Providing Investors With Additional Reasons To Be Optimistic
Microsoft CEO Satya Nadella acknowledged the amount of the software company’s security business for the first time in January 2021. The sum was significant. On an earnings call, Nadella told analysts that the company had hit $10 billion in yearly… Read More ›
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Donald Trump Will Not Return To Twitter Even If Ban On Him Is Lifted By Elon Musk
Former United States President Donald Trump has said that he would not return to Twitter even if the company’s new owner, Elon Musk, restored the former president’s ban. “No, I won’t be going back on Twitter,” Trump said in an interview… Read More ›
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Twitter Board Of Directors Meets With Musk To Discuss Acquisition Deal – Reports
Elon Musk reportedly met with Twitter’s board of directors over the weekend to discuss his $43 billion buyout offer. Following the announcement of the Tesla CEO’s bid, Twitter’s management declared a “poison pill” strategy to stave against a hostile takeover…. Read More ›
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End Of The Road For Datsun Automobiles Has Been Signalled By Nissan
Japanese car maker Nissan has announced that it will no longer produce automobiles under the Datsun brand, which has a more than century-long heritage. It was one of the brands that helped Japanese automakers gain international recognition following WWII. The… Read More ›
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