Due to major travel disruptions, including a strict COVID-related lockdown in Shanghai, China’s three largest airlines reported a combined second-quarter loss of 28.4 billion yuan ($4.12 billion) on Tuesday, a larger loss than in the first quarter. The country’s policy… Read More ›
According to a report by Reuters quoting three sources familiar with the matter said that US regulators have chosen e-commerce giant Alibaba Group Holding Ltd and other US-listed Chinese companies for audit inspections beginning next month. The move follows Friday’s landmark… Read More ›
The British government’s options for assisting people facing skyrocketing energy bills include lending to energy suppliers, which could reduce bills by up to 500 pounds ($587) per year, according to the Daily Telegraph newspaper on Saturday. Britain’s energy regulator said… Read More ›
According to new data, the number of chain stores closing in the United Kingdom has decreased significantly. Closures fell by one-third in the first half of 2022 compared to the same period last year, according to accounting firm PwC. Shop… Read More ›
The fuel that each and every automaker is now after these days in the transformation from gas-powered automobiles to electric vehicles is cold hard cash. To meet rising demand, both established automakers and startups are introducing new battery-powered models. Increasing… Read More ›
Salesforce reported earnings and revenue that exceeded analysts’ expectations, but provided a disappointing outlook for fiscal 2023. In extended trading on Wednesday, the stock fell 7per cent . The enterprise software maker announced that its board of directors has approved… Read More ›
Lawmakers in The United States are growing more worried about the potential effects of losing the high-stakes competition between the U.S. and China for leadership in artificial intelligence on national security, the economy, and American prosperity. However, there is also… Read More ›
Ethereum appears to be undergoing a massive update. At long last. The “Merge,” which has been delayed for years, appears to be on track for September, with the blockchain’s encryption undergoing a fundamental shift to a system in which the… Read More ›
According to Bloomberg, Apple may spread its advertising to more of its first-party iPhone apps in an effort to increase income. According to the article, the corporation’s ad division earns roughly $4 billion in annual income, but the company aims… Read More ›
Personalized coffees, “prestige” skincare, and “elevated” sauces and spreads are just a few ways firms like Starbucks, Unilever, and Kraft Heinz are shifting their focus toward premium products – and consumers appear to be loving it. But why are firms… Read More ›
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