According to the initial public offering (IPO) prospectus of the British food delivery firm Deliveroo, one of its biggest investors – Amazon.com, will reduce its stake in the company from 15.6 per cent to 11.5 per cent when the firm… Read More ›
Economy & Finance
India’s $14 billion Electric Vehicle policy offers automakers fresh incentives
In a significant development that potentially sees global carmakers increasing their footprints in India’s huge car market, New Delhi plans on offering fresh incentives to companies making electric vehicles (EVs) as part of a policy push in the auto sector… Read More ›
WeWork plans stock market listing through SPAC, discloses losses at $3.2 billion for 2020
According to sources familiar with the matter at hand, office sharing startup WeWork lost $3.2 billion in 2020; this was disclosed during a presentation shown to prospective investors as part of a pitch for $1 billion in investment and a… Read More ›
Pineapple Tussle Between China And Taiwan
Import of pineapples from Taiwan was nabbed last month by China over allegations that it presented the risk of “harmful creatures” that could be harmful for its own crops. However leaders in Taiwan were infuriated by the move as they… Read More ›
‘Constant Attention’ Needs To Be Given To Global Chip Shortage, Says Nokia CEO
According to the Pekka Lundmark, President and CEO of Nokia, the current viability of the supply chain of semiconductor chips in the world is not as good as it used to be abd therefore there is need for a closer… Read More ›
U.S. economy on the brink of completing recovery from coronavirus induced recession
In a statement the President of the Richmond Federal Reserve said, the U.S. economy may be “on the brink of completing the recovery” from the recession that was triggered by the coronavirus-induced COVID-19 pandemic. “Vaccines are rolling out, and case… Read More ›
Severe flooding caused by torrential rains shutdown coal deliveries to Newcastle port
On Monday, in a statement Australian Rail Track Corp said, Hunter Valley coal rail lines have been shut down because of the massive flooding in the state of New South Wales which have halted deliveries into the port of Newcastle…. Read More ›
AstraZeneca Vaccine Safe, Says EU Regulator But Will Add Clot Warning
The AstraZeneca’s Covid-19 vaccine does not increase the overall incidence of blood clots and the benefits of the vaccine far outweigh any possible risks, said the European Union’s drug regulatory agency on Thursday. That paved the path for resumption of… Read More ›
We Work 95-Hour Weeks And Face ‘Inhumane’ Treatment Says First Year Analysts At Goldman Sachs
A workplace survey of a dozen first-year analysts at Goldman Sachs have revealed that they work for more than 95 hours a week on an average and get to sleep for just five hours a day while also coping up… Read More ›
US Federal Reserve Predicts Faster US Economic Recovery Than Previously Forecast By It
With the increase in the speed of vaccinations against Covid-19 and the release of a massive relief package by the government that is flowing into the economy, a much stronger growth this year for the United States economy is expected… Read More ›
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