Some academics at prestigious universities are now without the funding they were promised as a result of the collapse of the cryptocurrency exchange FTX and its grant-making organization, the FTX Future Fund, while others are scrambling to repay donations before… Read More ›
Walmart Inc. stated on Wednesday that the business would be under pressure from inflation this year and that it would reduce recruiting while developing its automation technology. “We believe, over time, the number of associates will grow, but at a… Read More ›
According to official statistics released on Friday, China’s manufacturing activity grew more slowly in March, raising concerns about the depth of a post-COVID factory recovery amid weaker global demand and a slump in the real estate market. After China’s zero-COVID… Read More ›
After failing to find a funding reprieve, Virgin Orbit will cease operations “for the foreseeable future,” CEO Dan Hart announced during an all-hands meeting on Thursday. Nearly all of the company’s employees will be let go. “Unfortunately, we’ve not been… Read More ›
The cost of buying a BMW or Mercedes in Singapore is approaching the annual income of the average local family, thanks to a luxury car tax. The right to buy a “open category” vehicle, which may be put toward any… Read More ›
The announcement of big revamping plans by Alibaba Group has been interpreted as a hint that Beijing’s regulatory crackdown on corporations is coming to an end, driving its shares higher and bolstering investor confidence in the future of Chinese digital… Read More ›
Recession concerns that had seemed to have subsided only a few weeks earlier have been re-ignited by the failure of American lenders Silicon Valley Bank (SVB) and Signature Bank, followed by Credit Suisse’s rescue, and the accompanying turbulence in global… Read More ›
The European Union’s energy ministers are likely to grant final approval on Tuesday to the bloc’s rule to phase out new CO2-emitting cars by 2035, after Germany obtained an exemption for e-fuel vehicles. The vote is taking place three weeks… Read More ›
On Monday, the Chinese search engine Baidu posted recorded videos of Ernie, an AI-powered chatbot, summarizing financial statistics and creating PowerPoint presentations, among other business-focused functions. Images posted by a Baidu representative in a media-focused group on WeChat, China’s most… Read More ›
Millennials now started to move into their middle ages. A generation that has traditionally been associated with youth is entering a new stage of life as more millennials, commonly referred to as people born between 1981 and 1996, turn 40…. Read More ›
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