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…
Following a report published in the Financial Times, which was filed on the basis of information gathered from an internal document of the food giant Nestle, claimed that a large portion of its food and drinks as unhealthy. In reference to this report, the company said on Monday that it was taking measures to update…
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…
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.…
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,…
On Monday, in a statement Intel Corp said, it could take several years before the global chip shortage is resolved. The issue has resulted in the closure of some auto production lines and is felt in other industries as well, including consumer electronics. During a virtual session at the the Computex trade show in Taipei,…
Imports of sea food from an entire fleet of a Chinese company were blocked by the United States government late last week. The US alleged that the Chinese company forced crew members to work in slave-like conditions which resulted in the deaths of a number of Indonesian fishermen last year. An immediate ban on imports…
The British car maker Rolls-Royce will customize its cars according to the wishes of a customer if the company executives like the ideas and if the customer is willing to shell out the additional money. This is a growing trend among ultra-luxury carmakers, including Bentley and Porsche that have started to work with a limited…
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…
According to an e-mai, Apple Inc will delay the launch of its podcast subscription service until next month, following a few podcast creators having delay issues with their shows appearing on its platform after upload. Earlier this year in April, Apple had said it was introducing a service that would let podcast creators charge for their…
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