Tesla chief executive officer Elon Musk is known to be very active on tweeter and even making important announcements on social media. This time Musk tweeted that he is “thinking of” quitting all of his jobs and becoming an influencer. Musk is the richest man in the world. “Thinking of quitting my jobs & becoming…
Israel conducted a ten-country simulation of a significant cyberattack on the global financial system on Thursday, in an effort to enhance collaboration that might help limit any possible harm to financial markets and institutions. The simulated “war game,” as Israel’s Finance Ministry dubbed it and which had been planned for over a year, unfolded over…
As the use of digital currencies gathers traction, Visa Inc, the largest payment processing company of the world, launched a worldwide crypto advisory service for its financial customers and businesses on Wednesday. According to the company, the move is intended at financial institutions wanting to recruit or keep consumers with crypto services, shops interested in…
To meet the rising demand for its goods in Asia, Lego has announced its plans for setting up of a new production facility in Vietnam. The toymaker said it will invest more than $1 billion in the new production unit, which will be located near Ho Chi Minh City, the country’s primary commercial centre. After…
Nestle SA will lower its stake in L’Oreal to roughly about 20 per cent through selling shares worth 8.9 billion euros ($10 billion) back to the French cosmetics company, the company has said. This would help Nestle to bring down the pressure of the beauty giant’s on its financial books. This is also the first…
An all-electric compact car in China will be launched next year by Japan’s an all-electric compact car in China, said a report from news agency Reuters, quoting information from sources with knowledge of the matter. The vehicle is reported to have been made with the help of Toyota’s local Chinese partner BYD which supplied the…
American Express Global Business Travel (GBT) is set to get publicly listed at the stock market through a merger with a blank-check startup funded by Apollo Global Management Inc in a deal worth an estimated $5.3 billion, the company said on Friday. The company expects to achieve gross proceeds of up to $1.2 billion, including…
BioNTech should be able to change its coronavirus vaccine swiftly in reaction to the Omicron variant, and the next few weeks will demonstrate how urgently an upgrade is required, according to BioNTech CEO Ugur Sahin, who spoke at the Reuters Next conference on Friday. People should continue to seek out the established injection, which was…
GlaxoSmithKline (GSK) said on Thursday that laboratory testing of the antibody-based Covid-19 treatment that it is developing in partnership with the United States based from Vir has shown that the medicine is effective against the Omicron variant of the novel coroanvirus. According to a statement made public by GSK, lab testing and a hamster research…
The global shortage of semiconductors that started earlier is slated to continue to well into the next year, warned Volvo Cars. The global auto industry is one of the sectors that has been significantly impacted by the global shortage of chips. The warning was issued by the company as it reported a drop in its…
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