Author Archives
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Pandemic Demand Surge Pushed Barbie To Its Best Sales In Over Five Years
With parents choosing to stock up on toys to keep children busy through the Covi-19 pandemic related school closures, Barbie hit sale figures of $1.35bn last year which was the highest for the company since at least 2014. There was… Read More ›
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US Airlines Have Large Cash Stocks Despite Huge Losses
Despite making a combined $32 billion loss excluding special items, the airline industry of the United States stull ended 2020 with a lot of cash at hand. At the end of 2020, there was $31.5 billion in cash on their… Read More ›
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With Carmakers Struggling With Shortage, Auto Chip Production Ramped Up By TSMC
Amid a global shortage of chip, one of the market leaders of the industry the Taiwan Semiconductor Manufacturing Co Ltd (TSMC) has said that it is “expediting” auto-related products through its wafer fabs while also reallocating wafer capacity. The worst… Read More ›
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Record High Of $1,700 For Ether, The Second-Largest Cryptocurrency Of The World
With the virtual currency bitcoin rising to historic high, other crypto currencies too gained on its back. During the weekend, the value of the crypto currency ether touched a new all-time high as it went past the $1,700 mark for… Read More ›
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Tough Position Taken By China’s Diplomat In First Telephonic Call With New US Secretary Of State
The blame for pushing the bilateral relationship between the United States and China to its lowest point in decades was squarely put on Washington by China’s top diplomat in his first phone call with new United States Secretary of State… Read More ›
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Slow Job Growth In The US With Covid-19 Stalling Recovery
With the Covid-19 pandemic continued to disrupt economy recovery in the United States, just 49,000 jobs were added in the country in January. Employment was hit at retail stores, restaurants, casinos and hotels because of continued losses which was described… Read More ›
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An African And A Woman Is Set To Be The WTO Chief For The First Time
The first woman and the first woman and the African to head the World Trade Organization would be Nigeria’s Ngozi Okonjo-Iweala. Her candidature to the top post of the global trade regulating body was confirmed after the withdrawal of the… Read More ›
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UK Revokes Broadcast License Of Chinese State-Owned News Channel CGTN
The broadcasting license of China Global Television Network, or CGTN has been revoked by regulators in the United Kingdom. After an investigation “concluded that the license is wrongfully held by Star China Media Limited”, the Chinese state-owned channel’s license had… Read More ›
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Japanese Beer Giant Kirin Ends Partnership In Myanmar After Military Coup
A partnership with a conglomerate in Myanmar is being ended by the Japanese beer giant Kirin potentially because the conglomerate has ties with the military of Myanmar. The commander-in-chief Senior General Min Aung Hlaing of the Myanmar army oversees the… Read More ›
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Google’s Cloud Business Is Continuing To Make Losses Even As Its Core Business Grows
The cloud business of Google, to which it is currently providing a deeper look, does not seem to be doing well. An operating loss of $1.2 billion for Google Cloud was reported by the company for the fourth quarter of… Read More ›
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