France edged out rivals such as Germany and the Netherlands for ProLogium’s first foreign car battery facility, thanks to President Emmanuel Macron’s campaigning, deal sweeteners, and strong competitive rates, according to Taiwanese company executives. ProLogium announced this week that it… Read More ›
Economy & Finance
Saudi Arabia’s EV Strategy Is In Trouble Due To Severe Losses
In Saudi Arabia, Lucid’s electric vehicles are frequently publicly shown at public gatherings and business conferences as a representation of the country’s multibillion-dollar “Vision 2030” initiative by the crown prince. The Public Investment Fund (PIF) of Saudi Arabia, which has… Read More ›
Huge China-Russia Resource Commerce Switches From Dollars To Yuan In The Wake Of The Ukraine Crisis
Over the past year, China has significantly increased the use of the yuan to purchase Russian commodities, paying for almost all of its purchases of oil, coal, and some metals from its neighbour in the Chinese currency rather than dollars,… Read More ›
Japan’s Declining Salaries And Declining Expenditure Put More Pressure On The Economy
Consumer spending in Japan unexpectedly decreased in March at the sharpest rate in a year, and real incomes fell for the twelfth consecutive month due to high inflation, underscoring the difficulties facing the economy in constructing a robust post-COVID recovery…. Read More ›
The EU Is Limiting Imports Of Grain From Ukraine, Here’s Why
Prior to June 5, Poland, Hungary, Romania, Slovakia, and Bulgaria will be prohibited from importing Ukrainian wheat, maize, rapeseed, and sunflower seeds, according to the European Commission. In response, Poland, Hungary, Slovakia, and Bulgaria lifted their previously enforced one-sided import… Read More ›
Companies In Europe Are Laying Off Workers As The Economy Struggles
Companies across Europe have been forced to lay off workers or stop hiring due to decades of high prices and the impact of the Ukraine war. Since January, the following companies have announced layoffs: AUTOS * STELLANTIS: the manufacturer of… Read More ›
US President Holds Meeting On Threats Posed By AI With CEOs Of Microsoft And Google
US President Joe Biden met with the CEOs of leading artificial intelligence companies, including Microsoft and Alphabet’s Google, and emphasised the importance of ensuring the safety of their products before they are deployed. This year’s buzzword has been generative artificial… Read More ›
TikTok Advertisers Continue To Support The App Despite The Prospect Of A Ban In The United States
Advertisers are committed to continuing to spend on TikTok because to its tremendous popularity with consumers, despite predictions of a future ban in the United States due to national security concerns, according to ad specialists. TikTok, which is owned by… Read More ›
Employees At Google Are Unhappy With CEO Sundar Pichai’s Compensation Increase While Cost Reductions Affect The Rest Of The Business
Sundar Pichai, the CEO of Google, is now among the highest-paid CEOs in America thanks to a significant compensation increase from the previous year. His business said last week that a $70 billion stock buyback had been approved. As a… Read More ›
US Chip Export Regulations Has Barely Managed To Slow Down China’s AI Industry
The U.S. microchip export restrictions put in place last year to halt China’s development of supercomputers used to create nuclear bombs and ChatGPT are barely making a dent in the country’s IT industry. The regulations banned shipments of Nvidia Corp…. Read More ›