In an interview to German industry magazine Automobilwoche, a board member from Volkswagen opined, the global shortage of semiconductors is likely to continue this year and ease slightly during the second half. “The volatile situation will affect us at least… Read More ›
On Tuesday, in a statement Sezzle Inc said, it is in talks larger Australian rival Zip Co Ltd which aims to acquire it for an undisclosed amount. With the news reaching the market, shares of the buy-now-pay-later company soared by… Read More ›
In a statement the U.S. government said it would suspend 44 China-bound flights from the United States by four Chinese carriers in response to the Chinese government’s decision to suspend some U.S. carrier flights over COVID-19 concerns. The suspension of… Read More ›
German aims to attract 400,000 qualified workers from overseas every year in order to mitigate a demographic imbalance and labour shortages in key sectors that risk undermining the recovery from the coronavirus-induced COVID-19 pandemic. “The shortage of skilled workers has… Read More ›
On Tuesday, Australian lithium miner Allkem Ltd said, lithium carbonate prices for the third quarter of 2022 are expected to jump by 80% from the first half on the back of booming demand for the metal which is used in electric… Read More ›
In a statement Credit Suisse said, its chairman Antonio Horta-Osorio has resigned after flouting COVID-19 quarantine rules. The development raises questions over the bank’s new lending strategy as it tries to recover from a string of scandals. Incidentally, Horta-Osorio became the… Read More ›
According to LCH investment data, the world’s 20 best performing hedge funds earned $65.4 billion for clients in 2021, on the back of stock markets rising despite setbacks introduced by coronavirus pandemic. As a group, the most successful managers earned… Read More ›
Taiwanese chip giant TSMC posted a 16.4% rise in quarterly profit on the back of heightened global demand for semiconductors with the Coronavirus induced COVID-19 pandemic driving up demand for chips creating a supply crunch. Although the global chip crunch… Read More ›
According to sources familiar with the matter at hand, Allegiant Air is set to place an order for 50 Boeing 737 MAX jets worth $5 billion at list prices, as the air carrier seeks to ride on the boom of… Read More ›
In a statement drugmaker AstraZeneca said, a three-dose course of COVID-19 vaccine is effective against the Omicron variant of the coronavirus, citing data from an Oxford University lab study. The results of the study, which is yet to be published… Read More ›
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