Author Archives
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Amazon Ensures Rockets For A High-Speed Internet Project
As part of Amazon’s Project Kuiper, three new heavy-lift rockets will launch thousands of satellites into low earth orbit over the next five years. Using a network of 3,236 satellites, the project seeks to deliver broadband connections. Starlink, a competitor,… Read More ›
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Uber Is Attempting To Create A “Superapp” For Travel By Incorporating Aircraft, Trains, And Rental Cars
Uber is moving forward with its aim to become a “superapp” for travel. The San Francisco-based company announced on Wednesday that it will expand its U.K. app this year to include trains, buses, airlines, and auto rentals. The move is… Read More ›
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A New Covid Variant Has Been Discovered In The UK
In the United Kingdom, a novel omicron sub-variant has been discovered as the country continues to see an increase in Covid-19 hospitalizations. According to the latest numbers from the UK Health Security Agency, the XE variation has been found in… Read More ›
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World Bank Lowers Prediction For East Asia’s Growth In 2022 Due To The Ukraine Conflict
The World Bank lowered its 2022 growth prediction for East Asia and the Pacific to reflect the economic impact of Russia’s invasion of Ukraine, warning that if the situation worsens, the area could lose even more momentum. In a research… Read More ›
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Russian Auto Industry Is Grinding To A Standstill As A Result Of Ukraine Sanctions
Thousands of auto employees have been laid off, and food prices have risen as Western sanctions hit Kaluga, a small Russian city known for its international carmakers, with more sanctions sure to follow. Since 2006, the Kaluga area, located 190… Read More ›
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The United Kingdom Plans To Coin Its Own NFT To ‘Lead The Way’ In The Crypto Space
The UK government has drawn up plans for minting its own non-fungible token as a patrt of its strategy towards transforming the country into a “world leader” in the cryptocurrency area. Finance Minister Rishi Sunak has written to the Royal… Read More ›
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Zero-Covid Regulations Of China Have Shook Shanghai’s Economy
Many global corporations have a presence in Shanghai, from Tesla’s gigafactory to a massive Disney resort. However, the normally bustling financial centre has been halted in recent days due to an increase in coronavirus diagnoses. Officials enforced a lockdown on… Read More ›
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WTO Fears That The Ukraine Conflict Will Halve Global Trade Growth
The World Trade Organization (WTO) has lowered its global trade growth prediction for this year due to the Ukraine conflict. The prior prediction of 4.7 percent growth has been lowered to 2.5 percent owing to “the impact of the war… Read More ›
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India’s Car Sales Are Increasing, But Automakers Are Warning Of Supply Chain Disruptions
On Friday, Indian automakers announced a strong increase in yearly sales for fiscal year 2022, but cautioned of future risks from global supply chain disruptions. Maruti Suzuki, India’s largest carmaker, reported a 13 per cent increase in sales to 1.65… Read More ›
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431,000 Jobs Added To US Economy In March Amid Concerns Of Slowing Growth
The US economy added slightly fewer jobs than predicted in March, as the labour market tightened amid rising inflation and fears of an approaching recession. The Bureau of Labor Statistics reported Friday that nonfarm payrolls increased by 431,000 for the… Read More ›
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