Industry Hiring In China Drops Amidst Partial Economic Recovery, Shows Data

According to official data from China, even though the Chinese economy is staging a recovery from the pandemic hit, more people are being let go than are being hired by Chinese businesses. This was uncovered from a survey from the National Bureau of Statistics which comprised of opinions of businesses about the changes in their…

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ExxonMobil’s Offshore Drilling Challenges By Guyanese Citizens On Climate Grounds

Two environment conscious citizens of Guyana have filed a lawsuit against the government demanding an end to offshore drilling by ExxonMobil and other large oil companies as such explorations and business activities threaten to worsen the climate crisis. The case has been filed by Quadad de Freitas, a 21-year old Indigenous tourist guide from the…

Instagram Changes Algorithm Following Alleged Bias During The Gaza Conflict

The social media platform Instagram was accused of pro-Palestinian messages during the recent Gaza conflict and now the company is trying to changing the way it showcases content. The company said that the current system provides for giving precedence for original content in its “stories” feature compared to posts that contained existing or re-shared content.…

Japanese companies will collaborate with TSMC to gain chip making edge

In a report, Japan’s Nikkei newspaper said, around 20 Japanese companies, including electronic component maker Ibiden Co, will collaborate with Taiwan Semiconductor Manufacturing Co (TSMC) to develop chip manufacturing technology in Japan. Fifty percent of $337 million (37 billion yen), the cost of the research facility, will be borne by the Japanese government In February,…

Electric-truck startup Rivian Automotive Inc chasing $70 billion valuation in potential IPO

Rivian Automotive Inc, an electric-truck startup is targeting a valuation of around $70 billion in its potential initial public offering later this year. Earlier this year in January, Amazon.com Inc and Ford Motor Co-backed Rivian had a valuation of $27.6 billion, following a $2.65-billion investment round led by T. Rowe Price. Rivian has hired advisers including…