On Wednesday, Exxon Mobil is set to brief Wall Street on its spending plans, after investors wanting to know how it will balance oil and low-carbon initiatives without compromising on their returns. Exxon Mobil, the largest U.S. oil producer, has slashed… Read More ›
Factory activity in China contracted in November following a fall in employment rates, reduced demands and rising prices weighing on manufacturers, showed a business survey the results of which were released on Wednesday. The Caixin/Markit Manufacturing Purchasing Managers’ Index (PMI)… Read More ›
Global airlines are bracing for a fresh round of volatility following the emergence of yet another COVID-19 variant Omicron which is likely to force them to adjust schedules and destinations at short notice and once again force them to rely… Read More ›
ARK Investment Management purchased more than 1 million shares of Twitter Inc a day after its former CEO Jack Dorsey stepped down from the company. According to the firm’s daily trade report, ARK acquired 1.1 million Twitter shares worth $48.9 million… Read More ›
Late on Tuesday, in a statement the Center for Disease Control and Prevention (CDC) said, the United States will require all air travellers entering the country to show a negative COVID-19 test performed within one day of departure, in response… Read More ›
Australian Prime Minister Scott Morrison said that if Facebook Inc leaves Australia over rules that seek to hold the company accountable for defamation on its platform, it will demonstrate that it has no interest in making the online world safer…. Read More ›
A survey of businesses in the British services sector released on Tuesday showed that the input costs for companies in the sector are increasing at their fastest pace in more than 20 years. This finding highlights the reason why… Read More ›
In a significant development, Moderna’s CEO Stéphane Bancel said, it is unlikely that existing COVID-19 vaccines will be effective against the Omicron COVID-19 variant. With Bancel’s comments reaching the market, crude oil futures shed more than a dollar, the Nikkei gave… Read More ›
On Tuesday, Samsung Electronics unveiled its latest line of chips aimed at the auto market. Samsung’s advanced chips will be mounted in Volkswagen’s infotainment system developed by LG Electronics. There is a rising demand for “high-tech” automotive chips that can handle more… Read More ›
According to the results of a business survey released on Tuesday, costs for businesses are rising at their fastest rate in more than 2 decades for Britain’s services sector. As a result the Bank of England is likely to soon… Read More ›
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