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 ›
Strategy
China’s Economy Dips In April As Factories And Retailers Are Shut Down
Widespread COVID-19 lockdowns confined workers and customers to their homes and significantly disrupted supply lines in April, casting a long shadow over the world’s second-largest economy. In March and April, full or partial lockdowns were imposed in key cities across… Read More ›
Russia Says It Has Nationalized Renault’s Moscow Factory
Following pressure over its prolonged presence in Russia, Renault has stated that it will sell its majority holding in Avtovaz. The French automaker announced that it will sell its 68 percent stake in Renault Russia to a Russian science institute,… Read More ›
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 ›
Death Related To E. Coli At Nestle Pizza Plant To Be Investigated By French Prosecutors
Prosecutors in France have opened a preliminary criminal investigation after E. coli illnesses connected to a pizza factory for Nestle’s Buitoni brand may have resulted in one person’s death. An inquiry was launched on Thursday on allegations of involuntary murder… Read More ›
A Record Number Of Polluters Have Committed To Reducing CO2 Emissions
According to a UN-backed research, a record number of major polluters have committed to reducing CO2 emissions. However, corporations in Asia, Africa, and Latin America fall behind those in Europe, the United States, and Japan, according to the Science-Based Targets… 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 ›
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