According to a post on Tesla Inc’s website, the US electric vehicle maker has stopped taking orders for its Cybertruck pickup truck outside of North America. Tesla is taking order for the Cybertruck only in the United States, Canada and… Read More ›
Entrepreneurship
Global automakers switching from palladium to platinum citing Russia related supply risks
Following the Russian invasion of Ukraine, global automakers are accelerating efforts to use less palladium and more platinum due to supply worries from Russia, said the World Platinum Investment Council (WPIC) on Monday. In order to save money, automakers have… Read More ›
Risk of US economy slipping into recession is high: former Goldman Sachs CEO
In a significant development a former CEO of Goldman Sachs, Lloyd Blankfein said, he believes the US economy is at risk of slipping into a recession, even as the U.S. Federal Reserve continues to tackle inflation by hiking interest rates. Blankfein… Read More ›
Sweden Finland support militant groups deemed as terrorists by the US, EU and Turkey: Turkish Foreign Minister on NATO membership
With Finland and Sweden seeking NATO membership, Turkish Foreign Minister said, in order to gain entry into the military alliance both countries must stop supporting terrorist groups in their respective countries, provide clear security guarantees and lift export bans on… Read More ›
Sanctions have blocked $16-18 billion of exports to EU, US: Belarusian Prime Minister Roman Golovchenko
In a statement Belarusian Prime Minister Roman Golovchenko said, Western sanctions have blocked $16 to $18 billion worth of its annual exports to the European Union. Belarus has been hit by sanctions by the West after Russia sent troops into… Read More ›
Acquisition of Twitter temporarily put on hold: Elon Musk
On Friday Elon Musk said, his $44-billion acquisition of Twitter Inc temporarily placed on hold, citing pending details on spam and fake accounts. “Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5%… Read More ›
Global equity funds beat hasty retreat as recession fears spook investors
In the week ending May 11, equity funds across the globe witnessed a surge in outflows on the back of fears of an economic slowdown and further tightening by central banks as they take steps to stem inflation. In the… Read More ›
Too early to predict on splitting EV business: Nissan
In a statement on Friday, Japanese automaker Nissan Motor Co said, it was too early to say whether it would spin off its electric vehicle (EV) business like Renault is seeking to do. “It’s too early to consider because of our… Read More ›
Barclays appoints Hossein Zaimi as market head for Asia Pacific
On Thursday Barclays said, it has appointed Hossein Zaimi as its head of markets for Asia Pacific; he will be joining the bank after a long career at HSBC. Zaimi will continue to be based in Hong Kong and report to… Read More ›
Chinese property developer Sunac China misses deadline for $742M offshore bond payment
Chinese developer Sunac China has missed the deadline for a coupon payments on a $742 million offshore bond and said, it doesn’t expect to make payments coming due on other bonds as well. The development adds to the wave of defaults… Read More ›
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