In a statement, David Malpass, the president of the World Bank said, physical damage to buildings and infrastructure in Ukraine as a result of the war has touched roughly $60 billion and is set to rise further since the Biden… Read More ›
Entrepreneurship
Johnson offers India know-how to build fighter jets, license for faster defense deliveries
In his first visit to India, British Prime Minister Boris Johnson is set to offer New Delhi know-how to build its own fighter jets and a licence for faster deliveries of defence equipment as it tries to wean India away… Read More ›
US to supply Phoenix Ghost drones to Ukraine
In a statement the Pentagon said, it will provide one time use attack drones in its latest arms package to the embattled country. The US has ramped up arms shipments to Ukraine ahead of a fresh Russian offensive in eastern… Read More ›
Germany to provide further $40.12M in reconstruction to Ukraine
According to sources from Germany’s development ministry, Berlin will provide a further $40.12 million (37 million euros) to Ukraine for reconstruction after the war. While around 22.5 million euros would go towards reconstructing Ukraine’s power grid while an additional 14.4… Read More ›
SpaceX, Amazon and others win combined NASA contract worth $278.5M
Elon Musk’s SpaceX, Amazon’s satellite venture, and other satellite firms have won a combined $278.5 million in contracts from NASA to demonstrate communications in space following the space agency moving to replace its current satellite network in orbit with privately-built… Read More ›
Russia imposes $137763 fines on Google over fake news
A court in Russia has fined Alphabet Inc.’s Google $137,763 (11 million roubles) for failing to delete “fake” news produced by Ukrainian far-right groups on YouTube. Previously, Russia had warned the US company that it would punish it for “spreading… Read More ›
Russia test launches new ICBM
In a statement the Pentagon said, Moscow had notified Washington of a test launch of its Sarmat intercontinental ballistic missile, saying, this was a routine test and not a threat to the United States. Russia has notified that it had… Read More ›
William Ackman’s Pershing Square Capital Management books $400M losses on Netflix
Billionaire activist investor William Ackman has liquidated a $1.1 billion bet on Netflix, and booked a loss of more than $400 million. The development comes at a time when the video streaming company reported a loss of subscribers for the… Read More ›
Musk’s Boring Company valued at $675 in Series C funding
In a statement The Boring Company said, it has raised $675 million in a Series C funding round, which valued the company at $5.675 billion. Elon Musk’s tunnelling company said, it will use the proceeds to ramp up hiring across… Read More ›
Russia probing cyber security vulnerabilities in critical infrastructure: CISA
Western governments have warned of potential cyber security threats by Russia against critical Western infrastructure as a response to sanctions imposed by them for its invasion of Ukraine. Cybersecurity agencies of the Britain, the United States, Australia, Canada and New… Read More ›
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