Billionaire Elon Musk, the CEO of Tesla, admitted at the TED2022 conference in Vancouver that he is “not convinced” he will be able to purchase Twitter. Hours earlier, a regulatory filing indicated that he had made a bid to buy… Read More ›
Regulations & Legal
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 ›
Nepal Imposes Curbs On Luxury Imports As Its Foreign Currency Reserves Get Lower
Following a decline in its foreign currency reserves, Nepal has imposed import restrictions on non-essential products such as vehicles, cosmetics, and gold. It comes as the government’s debt has risen due to a drop in tourism expenditure and money returned… Read More ›
Two New Omicron Covid Sub-Variants Being Analysed By WHO
The World Health Organization announced on Monday that it is closely monitoring a small number of cases of two novel sub-variants of the highly transmissible Omicron coronavirus strain with the aim of ascertaining whether they are more infectious or harmful… 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 ›
Taiwanese spy catchers hunting Chinese chip designer poachers
Spy catchers in Taiwan have launched multiple probes into around 100 Chinese companies suspected of illegally poaching semiconductor engineers and other tech talent, said a senior official from Taiwan’s Investigation Bureau. Home to tech giant including TSMC, Taiwan accounts for 92%… Read More ›
Lockdowns In China: Tourism Spending Plummets During A Key Holiday Season
As the world’s second largest economy battles an outbreak of diseases, tourism spending in China plummeted over this week’s Qingming festival. Official numbers reveal that tourists spent more than 30% less during the major three-day holiday than they did at… Read More ›
Amazon Ensures Rockets For A High-Speed Internet Project
As part of Amazon’s Project Kuiper, three new heavy-lift rockets will launch thousands of satellites into low earth orbit over the next five years. Using a network of 3,236 satellites, the project seeks to deliver broadband connections. Starlink, a competitor,… Read More ›
US corn and wheat yields expected to be low, midst sky rocketing demand for fertilizer
Russia’s invasion of Ukraine has significantly increased the price of commercial fertilizers. Nearly two decades ago, Abe Sandquist had to really wrack his brain on how he could sell cow dung. He had to work really hard to convince farmers… Read More ›
manageria.biz 