Russian naval forces are continuing to blockade the Ukrainian coast on the Black Sea and Sea of Azov, preventing resupply by sea, said the British military intelligence in a tweet. In its regular bulletin, it also mentioned that while Moscow… Read More ›
In a statement, Comau, the robotics unit of carmaker Stellantis said, it has appointed Pietro Gorlier as its chief executive officer, with effect from April 1. Stellantis was created in 2021 following the merger of Fiat Chrysler and Peugeot-owner PSA. Although… Read More ›
In a statement, Germany’s Nordex Group, which manufactures and distributes wind power systems, said, it has been hit by a cyber security incident and has shut down its IT systems across multiple locations and business units to contain the threat…. Read More ›
As per a report from the Sunday Telegraph, Britain could build up to 7 new nuclear power stations as part of a response to energy security stemming from Russia’s invasion of Ukraine, said British Business Secretary Kwasi Kwarteng. “There is… Read More ›
On Sunday, a report from Bloomberg states, China’s fast fashion e-commerce startup Shein is aiming for a valuation of around $100 billion, in its latest funding round. The Chinese online retailer is negotiating with potential investors to raise around $1… Read More ›
As per a report by German weekly Welt am Sonntag, Berlin is weighing options to purchase a missile defence system from either the United States or Israel. The development comes in the wake of Russia launching Iskander missiles in Ukraine…. Read More ›
The World Trade Organization (WTO) has lowered its global trade growth prediction for this year due to the Ukraine conflict. The prior prediction of 4.7 percent growth has been lowered to 2.5 percent owing to “the impact of the war… Read More ›
On Friday, Indian automakers announced a strong increase in yearly sales for fiscal year 2022, but cautioned of future risks from global supply chain disruptions. Maruti Suzuki, India’s largest carmaker, reported a 13 per cent increase in sales to 1.65… Read More ›
The US economy added slightly fewer jobs than predicted in March, as the labour market tightened amid rising inflation and fears of an approaching recession. The Bureau of Labor Statistics reported Friday that nonfarm payrolls increased by 431,000 for the… Read More ›
According to newly disclosed US information, Russian President Vladimir Putin believes he was misled by military officers who withheld vital details about the disastrous invasion of Ukraine for fear of angering him, according to top Biden administration officials. “We believe… Read More ›
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