According to an internal posting of reporting lines examined by Reuters, Tom Zhu, the CEO of Tesla Inc. in China, has been promoted to assume direct management of the electric carmaker’s U.S. assembly plants as well as its sales operations… Read More ›
The Dogecoin Foundation has announced a new fund for Dogecoin Core developers in order to further promote the Dogecoin ecosystem in the coming year. The foundation announced on December 31 that it is allocating 5 million Dogecoin, which is approximately… Read More ›
The American economy could be in for a shock. According to data from a Wall Street Journal poll, financial experts believe the country will experience an economic downturn this year. Over two-thirds of economists at the Federal Reserve’s 23 major… Read More ›
A watchdog is looking into Twitter after a hacker claimed to have private information linked to over 400 million accounts. The hacker, known as “Ryushi,” is demanding $200,000 to hand over the data, which is said to include some celebrities’… Read More ›
This week saw a decline in European natural gas prices to levels not seen since before Russia’s invasion of Ukraine. In recent weeks, front-month natural gas futures on the Dutch Title Transfer Facility, the standard contract in Europe, fell to… Read More ›
Following a retreat from the area by reinsurers due to significant losses, ship insurers announced they are discontinuing war risk coverage throughout Russia, Ukraine, and Belarus. After being hit this year by losses associated with the conflict as well as… Read More ›
Taiwan Semiconductor Manufacturing Company Ltd. (TSMC), a manufacturer of semiconductors, started mass producing its most cutting-edge chips on Thursday in southern Taiwan and said it would keep increasing its production capacity there. The long-awaited mass production of 3-nanometer chips has… Read More ›
Before the Christmas holiday, a powerful winter storm hit large swaths of the United States, bringing with it high winds, bitter cold, and snow. FedEx and United Parcel Service issued warnings that packages might not arrive this week. In advance… Read More ›
One million new COVID-19 infections are reported daily in Zhejiang, a significant industrial province in China close to Shanghai; this number is projected to double over the coming days. China reported no COVID deaths on the mainland for the five… Read More ›
Health officials in China predict a peak in COVID-19 infections within a week, putting additional strain on the nation’s healthcare system even as they downplay the severity of the illness and continue to report no new deaths. China, the last… Read More ›
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