Economy

A Group of U.S States Files Updated Antitrust Complaint Against Google

A number of U.S states have filed an updated antitrust complaint against Alphabetic Inc. (GOOGL) the parent company of leading search engine Google. In the lawsuit, the states are accusing the company of breaking antitrust law and using forceful tactics to boost its already dominant ad business. The company has been facing a string of […]

Subaru Launches All-Electric Vehicle in Partnership With Toyota

Japan based automobile manufacturer Subaru Corp. (TYO: 7270) has launched its first ever all electric car named the Solterra in partnership with fellow Japan based car manufacturer Toyota Motor Corp. (TYO: 7203). Subaru says it has been working on this project for two years together with Toyota Motor which is also the biggest shareholder in […]

China Asks U.S Officials to Stop All Official Interaction With Taiwan

China’s foreign ministry has asked the United States government to stop all forms of formal interactions with Taiwan. The Chinese authorities made this announcement on November 10 alleging that a U.S. congressional delegation visit to Taiwan violates the One China policy. “It is a dangerous game to collude with pro-independence forces in Taiwan,” said China’s […]

Tesla Opens a Battery Making Equipment Factory in Canada

United States leading electric vehicle manufacturer Tesla Inc. (TSLA) announced having opened a plant in Canada which will be making battery manufacturing equipment, the factory is situated in the Canadian city of Markham, Ontario. This was announced by the city’s mayor Frank Scarpitti during the past weekend, he made the announcement via twitter. This comes […]

Facebook Shutting Down its Facial Recognition System Due to Increasing Concerns

Giant social media company Facebook Inc. (FB) says that it will be shutting down its facial recognition system due to huge backlash and increasing concerns from the general public which has been questioning the use of this technology. The facial recognition automatically identifies users in videos and pictures. The company’s vice president of artificial intelligence, […]

BlackRock Fetches $673 Million for Climate Infrastructure Fund

United States based management investment company BlackRock Inc. (BLK) announced having raised $673 million meant for a climate focused infrastructure fund. The company says this amount is higher than what it was targeting to raise. This project will be seeking to invest in climate focused initiatives such as green energy and renewable energy in emerging […]

Former President Trump Set to Unveil ‘TRUTH’ Social Media App

Former United States President Donald Trump is looking forward to launch his own social media app dubbed ‘TRUTH Social’. Trump says through this initiative he will stand against big tech companies including Facebook Inc. (FB) and Twitter Inc. (TWTR) who both suspended his accounts alleging that his post went against the companies’ policies and were […]

Gates Foundation Sets Aside $120 Million to Buy Poor Countries COVID-19 Vaccines

The Bill & Melinda Gates Foundation says that it will set aside $120 million to help low-income purchase an experimental COVID-19 vaccines which is being developed by America based pharmaceutical company Merck & Co Inc. (MRK). The charity organization made this announcement of October 20 saying the project will come as its efforts against fighting […]

Abu Dhabi Investment Authority Investing $400M in Tech Company GoTo

Abu Dhabi wealth fund, Abu Dhabi Investment Authority (ADIA) has revealed that it will be pumping in an investment of $400 million into Indonesia based technology company GoTo. This investment will be in form of a pre-initial public offering (IPO) financing exercise by the company. GoTo enjoys the backing of high ranking investors like leading […]

Xiaomi to Start Producing its Own Cars Come 2024

China based designer and manufacturer of consumer electronics, home appliances and related software Xiaomi Corp. (HK: 1810) is set to start producing its own cars in the first half of 2024. This announcement was made by the company’s spokesperson on October 19. The spokesperson said this while on an investor meeting which the company later […]