Economy

Tesla Inks First U.S Nickel Supply Deal With Talon Metals

EV maker Tesla Inc. (TSLA) has signed its first ever United States nickel supply deal with Talon Metal Corp. (TLO) owned Tamarack mine project in Minnesota as part of its continued plans of making electric vehicle battery metal in a manner which is more environmentally friendly. In recent times, the demand for nickel has been […]

Christian Baesler Appointed the New COO of BuzzFeed

U.S based internet media, news and entertainment company BuzzFeed Inc. (BZFD) announced having appointed Christian Baesler as its new chief operating officer (COO). This appointment comes barely a month after the company went public on Nasdaq. Before this appointment, BuzzFeed had stayed for seven years without a COO following the resignation of former COO, Jon […]

Citigroup to Sack Unvaccinated Employees This Month

United States based investment bank and financial services provider Citibank Group Inc. (C) said that starting from January 14 it will be sending its unvaccinated employees on unpaid leave. If the suspended employees won’t be vaccinated by end month, they will be fired by the company unless they are granted an exemption. In addition the […]

General Motors Set to Launch Personal Autonomous Car by 2025

United States based automobile manufacturer General Motors Co. (GM) is aiming at launching a personal self-driving vehicle by mid-decade. This was revealed by the company’s chief executive officer, Mary Barra, at the Annual Consumer Electronics Show held in Las Vegas. The personal autonomous vehicle is being developed in partnership with fellow automotive manufacturer Cruise in […]

Grammy Awards Postponed due to Rampant Spread of Omicron Variant

Organizers of the highly coveted Grammy Awards ceremony appreciating top performances in music says this year’s event has been postponed indefinitely due to widespread of the Omicron variant of the COVID-19 virus. This year’s event was slated to take place on January 31 at an arena in downtown Los Angeles and it was to be […]

Intel Launches a Special Graphics Chip for PC Gaming

American technology company and world leading chip manufacturer Intel Corp. (INTC) has launched graphics chips aimed at supporting PC gaming. Over the years, computer gaming segment has been experiencing significant growth, fellow chip manufacturer Nvidia Corp. (NVDA) has been dominating this segment. These new chips by Intel are called Arc graphic chips and they are […]

Bridgewater CEO David McCormick Resigns to Run for Senate Post

David McCormick, the chief executive officer of investment management company and the world’s largest hedge fund Bridgewater Associates has resigned from his position so as to contest for the Senate seat in Pennsylvania. Following his resignation, the company says has appointed its deputy chief executive, Nir Bar Dea and co-Chair of operating board of directors […]

German Finance Minister Pledges Tax Relief of $34.1 Billion From 2023

The German Finance minister, Christian Lindner, says the newly formed German government will be offering tax reliefs to individuals and companies worth 30 billion euros ($34.1 billion) in this legislative period. “We will relieve people and small and medium-sized businesses by significantly more than 30 billion euros,” said the Finance Minister. Lindner makes it clear […]

Omicron Likely to Peak by End January in the U.S Says Dr. Fauci

The chief medical advisor to the President of United States Dr. Anthony Fauci says that it is highly likely that the increase of the COVID-19 Omicron variant across the United States might peak by the end of January. The Omicron variant as indeed taken the world by storm due to its unique property of spreading […]

DiDi Bans its Employees From Selling Their Stakes in the Company

China based ride hailing company DiDi Global Inc. (NYSE: DIDI) has banned its current and former employees from selling shares of the company indefinitely. The Financial Times was the first to publish the development on its platform on December 28. According to the Financial Times, the 180 day lock-up period after the company’s initial public […]