Analysts told CNBC that inflation in India has risen dramatically and that there are signals that it will continue to rise. Retail inflation jumped 6.95 per cent in March from a year ago, according to data provided by India’s Statistics… Read More ›
Entrepreneurship
Mercedez-Benz EV completes 1000km drive on single charge
In a statement the Chief Technology Officer of Mercedes-Benz said, the company aims to produce electric cars consuming as little as 10 kilowatt hours of energy per 100 km (62 miles); this is more than a third more efficient than the… Read More ›
Australia extends sanctions to 14 Russian state owned entities
In a statement Australian Foreign Minister Marise Payn said, Canberra has imposed targeted financial sanctions on 14 Russian state-owned enterprises, including defence-related entities such as Kamaz, a truckmaker, and shipping companies SEVMASH and United Shipbuilding Corp. It has also extended… Read More ›
Scarcity Of Resources From Ukraine Causes Supply Crisis For European Cosmetics
As Russia’s invasion of Ukraine causes significant disruptions in the supply chains for beauty products, European perfume and cosmetics companies are facing shortages of paper, glass, and some critical oils and alcohols, forcing prices upwards amid strong demand. The $500… Read More ›
US Inflation Hits 40-Year High Due To Rising Fuel Costs
After fuel costs skyrocketed during the first full month of the Ukraine war, the US inflation rate hit a new 40-year high in the year to March. Following a double-digit jump in energy prices, consumer prices increased by 8.5 per… Read More ›
Honda allocates $64 billion towards R&D in electrification drive
On Tuesday, in a statement Honda Motor Co Ltd said, it plans on spend $64 billion on R&D over a span of 10 years. The development marks the Japanese giant laying out its ambitious target to roll out 30 electric vehicle… Read More ›
Surging Treasury bond yields drag down Wall Street
Wall Street closed sharply lower on Monday with rising bond yields acting as a drag on the market’s growth stocks, ahead of the launch of crucial inflation data. All three major U.S. stock indexes ended deep in negative territory, with… Read More ›
Apple starts iPhone 13 production in India
In a statement Apple Inc said, it has started making the iPhone 13 in India. The development sees the US tech giant reducing its reliance on its Chinese supply chain. According to a source, the iPhone 13 is being produced… Read More ›
Meta to start testing monetizing tools for its VR platform Horizon Worlds
In a statement Facebook’s Meta Platforms said, it is beginning to test tools for selling digital assets and experiences on its virtual reality platform Horizon Worlds. The tools, a key part of its plan for monetizing the metaverse, will be initially… Read More ›
Moscow will take legal steps if forced to default on sovereign debt payments: Finance Minister
On Monday, in a significant development, Russian Finance Minister Anton Siluanov said, Moscow will initiate legal steps if the United States tries to force it to default on its sovereign debt. “Of course we will sue, because we have taken… Read More ›
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