If governments do nothing to bring down the price of natural gas, EU countries will face five to ten harsh winters, warned Belgium’s energy minister. Gas price caps and decoupling from electricity prices are being advocated for across the EU…. Read More ›
According to new data, the number of chain stores closing in the United Kingdom has decreased significantly. Closures fell by one-third in the first half of 2022 compared to the same period last year, according to accounting firm PwC. Shop… Read More ›
The fuel that each and every automaker is now after these days in the transformation from gas-powered automobiles to electric vehicles is cold hard cash. To meet rising demand, both established automakers and startups are introducing new battery-powered models. Increasing… Read More ›
Amazon is discontinuing its telehealth service, Amazon Care, signaling a significant retreat by the retail behemoth in its efforts to enter the health care space. Amazon Health Services lead Neil Lindsay officially confirmed in a company email that the service… Read More ›
Second quarter results of chip maker Nvidia fell short of Wall Street’s expectations with respect to revenue and earnings per share. The report is consistent with Nvidia’s two weeks ago preliminary earnings. The chipmaker issued a warning that it would… Read More ›
Salesforce reported earnings and revenue that exceeded analysts’ expectations, but provided a disappointing outlook for fiscal 2023. In extended trading on Wednesday, the stock fell 7per cent . The enterprise software maker announced that its board of directors has approved… Read More ›
Nato is assessing the impact of a data breach involving classified military documents that was sold online by a hacker group. The information includes blueprints for weapons used by Nato allies in the Ukraine conflict. After stealing data linked to… Read More ›
The Saudi Arabian signals that OPEC might reduce output helped oil prices end the day higher on Friday, but trading was choppy as investors processed and ultimately discounted the head of the U.S. Federal Reserve’s warnings about impending economic hardship…. Read More ›
In the week leading up to August 24, global equity funds saw the largest weekly capital outflow in five weeks due to worries that rate hikes would trigger a recession. Ahead of the annual Jackson Hole symposium of the Federal… Read More ›
Lawmakers in The United States are growing more worried about the potential effects of losing the high-stakes competition between the U.S. and China for leadership in artificial intelligence on national security, the economy, and American prosperity. However, there is also… Read More ›
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