UK’s business confidence drops to its lowest point since 2009
  Author: Nikita Chaurasia

According to recent data, business confidence in the UK dropped to 18% in October, which was its lowest level in at least 13 years. In contrast, however, net balances of confidence stood at 28% in June and 56% in Febru...

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LadBible to lay off 10% of its workforce amid tough business conditions
  Author: Mateen Dalal

LadBible, one of the U.K.'s largest success stories in online media, is laying off 10% of its workforce as a result of a decline in its share price and a warning about difficult trading conditions. ...

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Baidu launches Apollo RT6; seeks expansion of its robotaxi fleet
  Author: Mateen Dalal

Baidu, a leading China-based artificial intelligence (AI) company and search engine, has reportedly uncovered its most recent electric autonomous driving vehicle. As per credible ...

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Hindalco Inds, Phinergy & IOP to collectively produce aluminium-air batteries
  Author: Nikita Chaurasia

Hindalco Inds, a well-known metals flagship of Aditya Birla Group has reportedly inked a Memorandum of Understanding (MoU) with Israel’s metal-air battery technology expert, Phinergy and IOP (IOC Phinergy) &ndash...

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UST invests in SaaS firm Well-Beat to reinforce health tech presence
  Author: Nikita Chaurasia

Leading digital transformation solutions company UST has reportedly invested in Israeli SaaS start-up Well-Beat to reinforce its footprint in the healthcare technology market. Thi...

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Triple M pursues 1.5 GW of solar & wind energy projects in Egypt
  Author: Mateen Dalal

Triple M is eyeing several projects in Egypt to help them produce electricity using renewable energy sources with a capacity of 1.5 GW inside and outside the country. It would be ...

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Australia: Agriculture Minister declares $500M investment for food products
  Author: Mateen Dalal

Australia’s Federal Minister for Fisheries, Forestry, and Agriculture, Murray Watt has announced an investment of $500 million to prompt farmers to produce more food products across the country along with selling...

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Government ceases the use of cloud services and VPN for employees
  Author: Nikita Chaurasia

As per latest reports, the Government of India has stopped its employees from using anonymisation services and third-party virtual private networks (VPN) provided by firms like Express VPN, Nord VPN and Tor. ...

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CNOOC China successfully completes 1st offshore carbon capture site
  Author: Nikita Chaurasia

CNOOC Ltd, a Chinese state-owned oil and gas firm, has recently completed the first offshore carbon capture and storage project in the country. The project is designed to bury carbon dioxide permanently in the seabed....

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Thailand lifts restrictions on cannabis & hemp; promotes proper usage
  Author: Mateen Dalal

Thailand’s cannabis industry has recently made it to the news headlines. According to the Ministry of Public Health of Thailand, hemp and cannabis are now removed from the Category 5 narcotic drugs, with effect f...

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LG Energy Solution to build nickel processing units in Indonesia
  Author: Mateen Dalal

South Korean storage battery manufacturing company LG Energy Solution (LGES) announced its plans to build nickel processing facilities in Indonesia, under its $9.8 billion investment in the country to boost the product...

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Nestle Australia opts for recycled plastic packaging for Kitkat
  Author: Nikita Chaurasia

Nestlé Australia, the world's largest food and beverage company, has recently announced shifting towards sustainable packaging with KitKat being the first-ever chocolate bar in Australia packed with recycled...

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WHO expresses concern over the worsening COVID-19 situation in N.Korea
  Author: Mateen Dalal

United Nations has reportedly stated that the COVID-19 outbreak in North Korea is worsening and not getting better after there were claims by the country that the pandemic situation was curbing. ...

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Foxconn anticipates a more constant supply chain in the latter half of 2022
  Author: Mateen Dalal

Foxconn, a Taiwanese multinational electronics contract manufacturer, has recently stated that the second half of the year is heading in a better direction as the COVID-19 lockdown imposed in Shanghai is being lifted s...

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L&T Tech Services inaugurates Engineering R&D Center in Krakow, Poland
  Author: Nikita Chaurasia

L&T Technology Services (LTTS), an international pure-play engineering solutions firm has reportedly launched an Engineering, Research and Development (ER&D) center in Krakow, Poland. ...

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Goldman Sachs provides unlimited holidays to its senior employees
  Author: Nikita Chaurasia

Goldman Sachs has recently announced a flexible vacation scheme under which the company’s senior employees can take unlimited paid leaves annually. As per sources, the global ...

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Mitsubishi, Siemens sign an MoU to cooperate in SiC traction technology
  Author: Nikita Chaurasia

Mitsubishi Electric Europe and Siemens Mobility have recently signed a memorandum of understanding (MoU) to work together in silicon carbide (SiC) traction power technology. As pe...

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EU to cease Russia’s global oil trade by targeting insurance services
  Author: Nikita Chaurasia

Amid Russia’s invasion of Ukraine, the European Union plans to go ahead with import ban on the Russian crude oil by targeting insurers with a motive that could substantially impair Moscow’s ability to expor...

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South Korea to lift outdoor face mask mandate despite concerns
  Author: Nikita Chaurasia

South Korea has reportedly planned to ease outdoor face mask restrictions next week in its latest step to ease COVID-19 mandates despite the incoming government’s opposition. ...

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Norway announces $43.7Mn to fund UK’s program to buy weapons for Ukraine
  Author: Mateen Dalal

Amid the war between Russia and Ukraine, Norway has showed its support to Ukraine by announcing a contribution of nearly $43.7 million to the United Kingdom’s attempt to purchase arms for Ukraine. ...

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Amazon emerges as the world’s biggest corporate buyer of renewable energy
  Author: Nikita Chaurasia

The company has announced 37 new sustainability projects worldwide Amazon extends clean energy projects into the U.S., Canada, India, Japan, France...

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Cemre Shipyard appointed to build a Norwegian zero-emission battery ferry
  Author: Mateen Dalal

Torghatten Nord AS, Norwegian ferry firm, has reportedly appointed Cemre Shipyard, Turkish company, to develop a zero emission two sided-passenger ferry and a car which will run on battery-electric power. ...

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Apple MacBook shipments delayed due to production halts in China
  Author: Mateen Dalal

Apple Inc., an American multinational technology company, has hit a roadblock in producing its leading MacBook Pro laptops, a sign that Covid-19 in China may be contributory to the delays. ...

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Facebook concerned as TikTok surpasses Snapchat, Twitter ad shares
  Author: Mateen Dalal

Meta, formerly known as Facebook, is baffled by the meteoric rise of TikTok as the China-origin short-video app is set to eclipse the universal advertising share of Twitter, the micro-blogging platform and Snapchat, th...

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Honda & General Motors to conjointly produce a series of affordable EVs
  Author: Mateen Dalal

General Motors Co. is reportedly expanding its partnership with Honda Motors Co. Ltd. to manufacture a range of affordable electric vehicles. The production will be based on a new global pattern that will make use of G...

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Poland to end Russian oil imports by the year-end amid Ukraine war
  Author: Nikita Chaurasia

As Russia continues to escalate war against Ukraine, driving millions of Ukrainians out of their homes and dismantling the country, several European nations have declared sanctions against the war raging country. ...

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RCB bank in Cyprus announces its closure amid Russia Ukraine invasion
  Author: Nikita Chaurasia

Cyprus’ RCB Bank has recently announced seizing its operations and is all set to turn the bank into an asset management firm. The firm’s sudden decision is said to be prompted by an extremely volatile geopo...

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Canada calls to end CP Rail Strike amid fears of rising commodity crunch
  Author: Mateen Dalal

Canada has reportedly called for negotiations to put an end to a work stoppage at Canadian Pacific Railway Ltd, the country’s second-biggest railroad which is on the verge of aggravating a scarcity of commodities...

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Oizom unveils an affordable & smart Industrial air quality monitor, AQBot
  Author: Mateen Dalal

Oizom, an Ahmedabad-based environment monitoring technology service provider, has recently launched its innovative AQBot, which is a single parameter, industrial grade air quality monitoring device. ...

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AUS to deploy biometric technology to facilitate international travel
  Author: Mateen Dalal

In a recent technological development at the Austin-Bergstrom International Airport (AUS), the U.S Customers and Border Protection has deployed the use of biometric technology to accelerate the process of screening....

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Clearview offers its AI tech to Ukraine to detect Russian invaders
  Author: Mateen Dalal

The Russian invasion of Ukraine has caused severe damage to both the nations and the world in many aspects. Amidst the war, the defense ministry of Ukraine has reportedly started using the Artificial Intelligence facia...

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NHS to replace two Belarus-made products to show resistance amid war
  Author: Mateen Dalal

With Russia’s invasion of Ukraine at its foremost peak, the world is showering its support by halting services and banning products of all those in support of Russia’s attack. ...

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Indian metal industry could reap benefits from Russia-Ukraine war: Analysts
  Author: Nikita Chaurasia

While the rest of universe anticipates adverse impact of the recent Russian invasion of Ukraine, analysts believe that somehow Indian metal companies stand to gain from the conflict. ...

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Oil prices rise by 7% as global crude reserve announcement disappoints
  Author: Nikita Chaurasia

Russia’s invasion of Ukraine is not only affecting the latter but is dismantling the entire world’s economy. The oil prices have increased over 7 per cent, highest since 2014 amidst the war and the internat...

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WHO seeks a safe corridor for provision of medical supplies to Ukraine
  Author: Mateen Dalal

Russia has called for full scale Ukraine invasion and the consequences have triggered a situation of high alert throughout the country. Russia has been unleashing attacks with full swing across the capital city Kyiv, c...

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Stock market regains risk appetite after Russia-Ukraine invasion
  Author: Mateen Dalal

Amidst Russia’s invasion of Ukraine and the strategic responses from the other nations, the stock market investors reportedly observed riskier bets with MSCI global index ending above its sessions low and U.S dol...

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Brondell teams up with 1% for the Planet; commits 1% sales to ecology issues
  Author: Mateen Dalal

With companies emphasizing on taking measures to contribute to the environment, Brondell, a forerunner in innovation prioritizing to develop personal and health care technologies across North America, has reportedly an...

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Tata Technologies to hire additional 1,000 people in FY23 to back growth
  Author: Mateen Dalal

Tata Technologies, a leading global product development and engineering organization, has announced bringing on board 1,000 more employees in the Fiscal Year 2023, in addition to its planned recruitment of around 3,000...

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India’s Life Insurance Corp. files for a USD 8 Bn stock market debut
  Author: Mateen Dalal

Life Insurance Corporation of India has reportedly filed papers to sell 5% of the company shares to raise approximately USD 8 billion, marking it as India’s largest IPO by a considerable margin. The Mumbai-based ...

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Tesla to face Californian lawsuit over alleged racial discrimination
  Author: Nikita Chaurasia

A California state agency has reportedly sued Tesla after certain black workers at its factory alleged that the company allowed racial discrimination, adding to the plethora of pending lawsuits against the electric car...

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Toyota, Ford forced to halt production over truckers’ protest in Canada
  Author: Mateen Dalal

Automotive giants such as Ford and Toyota have confirmed to have halted production at some of their plants owing to the massive truckers’ protest against the vaccine reforms in Canada. This shows the economic ram...

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Microsoft eyeing Mandiant buyout to reinforce its cybersecurity arsenal
  Author: Nikita Chaurasia

Microsoft generated USD 15 billion in security software sales in 2021. Adding Mandiant would help reinforce Microsoft’s arsenal of cybersecu...

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India leads in embedding sustainability across corporate plans: Report
  Author: Mateen Dalal

As per a report by Russel Reynolds Associates, around 57% of corporations in India have implemented a strategy that is aimed at ensuring sustainability across their business strategies. The report has also analyzed if ...

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Porsche forecasts high sales in 2022 despite the global chip crunch
  Author: Nikita Chaurasia

Automakers across the world have been dealing with an acute shortage of semiconductors due to supply chain disruptions caused by the COVID-19 pandemic. However, Porsche AG has managed to navigate this crisis as the com...

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Crypto worth USD 320 million stolen from blockchain bridge Wormhole
  Author: Nikita Chaurasia

Cryptocurrency platform Wormhole, which permits easy movement of cryptocurrencies and non-fungible tokens (NFTs) between the Solana and Ethereum blockchains, has reportedly been robbed of around 120,000 wrapped Ethereu...

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Glencore, Britishvolt to develop a battery recycling plant in the U.K.
  Author: Mateen Dalal

The recycling facility will process around 10,000 tonnes of lithium-ion batteries per year. Speculations have it that the plant could also employ a...

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Canada’s Quebec drops plan of levying health tax on the unvaccinated
  Author: Nikita Chaurasia

Canadian province Quebec will not enforce health tax on adults who refuse to take COVID-19 vaccines, premier Francois Legault stated, over concerns that the idea itself is too divisive. The politician had proposed the ...

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Australia reports lowest daily COVID-19 cases and deaths in two weeks
  Author: Mateen Dalal

Australia has reported its lowest number of daily COVID-19 deaths and cases in two weeks, further allowing schools to reopen. Nearly 34,00 new cases and, 44 deaths have been reported recently, the lowest daily count in...

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Daimler to be officially renamed as Mercedes-Benz starting February
  Author: Nikita Chaurasia

Daimler AG recently announced that it will be rebranded as Mercedes-Benz Group AG starting February 1 in a move to unlock shareholder value for the luxury automaker. The latest rebranding is one of the landmark changes...

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Germany reports 200,000 COVID-19 infections in a day for the first time
  Author: Nikita Chaurasia

For the first time in Germany, the daily number of new COVID-19 cases has risen to 200,000, hitting staffing at most companies including the freight operator Lufthansa Cargo. Accord...

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U.K. car production at its lowest since 1956 over pandemic disruptions
  Author: Nikita Chaurasia

A study from the Society of Motor Manufacturers and Traders (SMMT) found that automobile production in the United Kingdom fell to its lowest level last year since 1956. This can be largely attributed to the various dis...

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LG Energy Solution’s value tops USD 87 billion in blockbuster IPO debut
  Author: Mateen Dalal

Battery manufacturing company LG Energy Solution Ltd. (LGES), which is known to supply some prominent automakers, has reportedly attracted bids worth USD 13 trillion in its stock market debut and marking it as South Ko...

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South Korea reports highest single-day spike amidst Omicron turbulence
  Author: Nikita Chaurasia

South Korea’s daily number of new COVID-19 cases has topped 8,000 for the first time. The highest single-day spike comes despite the recent extension on social distancing to control the rapidly spreading Omicron ...

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Qjobs hopes to acquire 10 million job applications by the end of 2022
  Author: Nikita Chaurasia

Qjobs, an online employment portal for white-collar and blue-collar workers, reportedly received over 2 million applications in 2021, representing a tenfold increase in a single year. ...

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U.S. resists plans to make WHO more independent despite COVID-19 crisis
  Author: Mateen Dalal

The United States of America is reportedly objecting to proposals intended to grant World Health Organization (WHO) more independence, raising serious doubts about current President Joe Biden's long-term endorsemen...

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Cheaper form of Merck’s COVID-19 pill to be produced for poorer nations
  Author: Nikita Chaurasia

Over 30 generic drugmakers from Asia, the Middle East, and Africa are reportedly developing low-cost versions of Merck's COVID-19 pill in a U.N.-backed agreement. This is being done to ensure that such drugs are av...

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Marriott teams up with Ori to revolutionize the guest room experience
  Author: Nikita Chaurasia

The use of robots in the hospitality sector has been gaining significant traction, ranging from integrating AI chatbots to enhance customer service processes or improving the guest experience in hotels using robot assi...

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ProKidney prepares to go public through a USD 2.6 billion SPAC merger
  Author: Mateen Dalal

  The IPO is expected to offer gross cash proceeds of around USD 825 million. ProKidney’s lead product “REACT” is kn...

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U.S. airline CEOs forewarn against potential effects of 5G on planes
  Author: Nikita Chaurasia

The chief executive officers of major U.S. cargo and passenger carriers warned of a possibly ‘catastrophic’ disruption in the aviation industry that might begin once Verizon and AT&T deploy their new 5G...

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India could have 50 more startups with unicorn status in 2022: Report
  Author: Mateen Dalal

According to a report given by PwC India, the country has 50 startups that have shown potential to enter the prestigious unicorn club in 2022. By the end of this year, at least 100 new-age companies are expected to be ...

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U.K. govt to cut BBC funding, caps viewer fees over inflation concerns
  Author: Nikita Chaurasia

The British government is reportedly planning to curtail funding for the British Broadcasting Corporation (BBC), by putting a cap on the fees paid by viewers to watch the broadcasting channel for two years. ...

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Gmail becomes Google’s fourth app to exceed 10 billion installations
  Author: Nikita Chaurasia

The Google Play Services app, Google Maps, and YouTube are the other Google apps to achieve this milestone. Gmail was introduced back in 2004 and h...

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Quebec to levy health tax on citizens not vaccinated against COVID-19
  Author: Nikita Chaurasia

Quebec will reportedly impose a health tax on citizens who are unvaccinated against the coronavirus. The Canadian province, which has witnessed a massive number of COVID-19 related deaths in Canada, is currently battli...

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U.S. records 1.35 Mn COVID-19 cases in a day, setting a global record
  Author: Mateen Dalal

The United States has recorded 1.35 million new Coronavirus cases, shattering global record of the highest daily total cases registered by any country in the world. The development comes amidst the widespread outbreak ...

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Bayer, Mammoth Biosciences to team up for novel gene editing tech
  Author: Nikita Chaurasia

Pharmaceutical and life sciences company Bayer AG has reportedly entered into a strategic collaboration and option agreement with Mammoth Biosciences Inc., a company that is harnessing nature's diversity to power n...

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U.K. manufacturers predict enhanced output despite Brexit & inflation
  Author: Mateen Dalal

According to an industry study released recently, British manufacturers are quite optimistic that this year the business conditions and productivity is likely to improve, despite the fact that most have been affected b...

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PayFit acquires unicorn status following a USD 289 Mn Series E funding
  Author: Nikita Chaurasia

France-based payroll startup PayFit has reportedly secured USD 289 million in the latest Series E funding round, reaching a total valuation of USD 2.1 billion and acquiring the unicorn status. The latest fundraising wa...

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Amazon to partner with Stellantis to develop green vans & smarter cars
  Author: Mateen Dalal

Amazon.com Inc. and Stellantis N.V have revealed that they will partner to produce smart cars and trucks. The duo will also work on deploying electric vans which would be produced by Stellantis for Amazon’s deliv...

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United States sets global record of nearly 1 Mn COVID-19 cases in a day
  Author: Nikita Chaurasia

The United States has reportedly recorded around a million new cases of the Coronavirus which is the highest tally of any country to date. The latest surge in cases is due to the highly contagious Omicron variant which...

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Chinese firms to undergo data security reviews before listing overseas
  Author: Nikita Chaurasia

China plots stricter cyber security norms for tech firms planning to list overseas. Firms will be required to file for cybersecurity reviews before...

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Planet Fitness bags WELL health-safety rating for facility operations
  Author: Mateen Dalal

Planet Fitness has reportedly become the first fitness brand to receive the WELL Health-Safety Rating for Facility Operations and Management from the International WELL Building Institute (IWBI). ...

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U.S. airlines cancel more than 800 flights amid rising Omicron cases
  Author: Nikita Chaurasia

Several airlines in the United States have canceled over 800 flights on Monday (27th Dec), primarily driven by the increasing number of Omicron cases, further forcing passengers to use alternative modes of transportati...

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Automakers reconsidering CES 2022 participation over Omicron fears
  Author: Nikita Chaurasia

The CES (Consumer Electronics Show) 2022 in Las Vegas is set to kick off the new year during the first week of January (5th January to 8th January) and, like in recent years, is expected to create a significant buzz. H...

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FDA approves Merck’s at-home antiviral pill for COVID-19 treatment
  Author: Nikita Chaurasia

The U.S. FDA (Food and Drug Administration) has reportedly approved Merck's antiviral oral medicine for the treatment of COVID-19 among high-risk adult patients. The move comes immediately after the FDA gave a nod ...

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Apple hires Meta’s public relations head in its augmented reality push
  Author: Nikita Chaurasia

Rumors have it that Apple is working on developing advanced chips for its AR/VR headsets Andrea Schubert was Meta’s Public Relations and Comm...

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U.S. weapon exports reduce by 21% in 2021 under Biden administration
  Author: Nikita Chaurasia

Military equipment exports from the United States to foreign countries have reportedly dropped by 21% to USD 138 billion in 2021. This significant decline comes after the Biden pres...

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Radisson Hotels, Sunfuel partner to develop EV charging points in India
  Author: Mateen Dalal

U.S.-based hospitality major Radisson Hotels has reportedly joined forces with charging network startup Sunfuel Electric to offer EV charging stations across its properties in India. ...

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California sues Walmart for dumping toxic waste in local landfills
  Author: Nikita Chaurasia

The State of California has sued Walmart Inc. for allegedly dumping hazardous garbage in local landfills, including toxic cleaning supplies, insecticides, and batteries. Attorney General Rob Bonta has filed a charge ag...

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Global M&A activity hits USD 5 trillion in 2021, a 15-year record high
  Author: Nikita Chaurasia

Merger and acquisition (M&A) activities across the globe account for USD 5.63 trillion as of 2021, a 15-year record of 63% and outpacing the USD 4.42 trillion benchmark set back in 2007, according to a Dealogic rep...

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Omicron leaves holiday travel plans uncertain across U.S. and Europe
  Author: Nikita Chaurasia

With rising cases of the Omicron variant, the Netherlands imposed lockdown, with the possibility of more COVID-19 restrictions ahead of the Christmas and New Year vacations looming over several European countries. ...

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Adidas initiates new share buyback program of up to USD 4.54 billion
  Author: Nikita Chaurasia

Sportswear giant Adidas is reportedly planning to initiate a share repurchase of around USD 4.54 billion by the end of 2025 and pay back the majority of cash proceeds from the sale of its U.S. subsidiary Reebok in Q1 2...

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Intel to set aside USD 7 billion for a chip-packaging plant in Malaysia
  Author: Mateen Dalal

The investment plan is likely to produce around 9,000 jobs in the country. Intel intends to expand its production capacity amidst the worldwide sh...

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Google to lay off employees that do not comply with vaccination reforms
  Author: Nikita Chaurasia

Google has reportedly asked its employees to upload proof of vaccination by January 13th and those who fail to under vaccination compliance could eventually face layoffs. The multinational tech giant had kept the deadl...

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JP Morgan ramps up hiring efforts as it expands European footprint
  Author: Nikita Chaurasia

U.S. investment giant JPMorgan's British retail banking counterpart, Chase, is reportedly looking to hire recruit hundreds of staff in the upcoming year to take its employee count to 1,000. This move will facilitat...

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OPEC optimistic on global oil demand as fears over Omicron subside
  Author: Mateen Dalal

OPEC has reportedly raised its forecast figures for world oil demand for the first quarter of 2022 but has kept its yearly growth prediction steady, stating that the COVID-19 Omicron variant would only mildly impact ma...

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Amazon penalized USD 1.3 Bn in Italy for anti-competitive practice
  Author: Nikita Chaurasia

Italy’s competition authority, Autorità Garante della Concorrenza e del Mercato (AGCM), recently fined Amazon about USD 1.3 billion for allegedly exploiting its dominant position by pressuring third-party ...

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Pfizer’s booster shots effective against Omicron variant: Israeli study
  Author: Nikita Chaurasia

Israeli researchers have reported that three shots of the Pfizer/BioNTech coronavirus vaccine provide considerable protection against the new Omicron variant. The research was condu...

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Marriott set to revamp its Courtyard brand amidst growing competition
  Author: Mateen Dalal

Courtyard by Marriott Hotels has long maintained its status of being the second-largest revenue-generating brand without making any major changes over the years. However, the 40-yea...

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Lamborghini’s first all-electric supercar likely to be launched by 2027
  Author: Nikita Chaurasia

Automobili Lamborghini S.p.A. is reportedly planning to release its first-ever electric vehicle by 2027. This comes amidst the growing talks that the fate of the conventional supercars could be in the balance and would...

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EU antitrust regulator probes Microsoft’s USD 16 Bn deal for Nuance
  Author: Nikita Chaurasia

The EU antitrust regulator to look deeper into the Microsoft-Nuance deal to determine its impact on customers and competitors. The deal is expected to close by the end of t...

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