The decision of a number of countries to to impose travel restrictions on South Africa was called “unjustified” by the country’s South African Health Minister Joe Phaahla. The travel restrictions were imposed in relation to the discovery of a significantly mutated form of Covid-19 in his country. “The kind of knee-jerk reaction, it really doesn’t…
A significant rise in expenditures as the company adjusted to growth in demand for its purchase now, pay later services saw the losses at Klarna, the fintech start-up from Sweden, increase3d dramatically in the first nine months of 2021. From January to September, the Stockholm-based company lost 3.1 billion Swedish krona ($344 million), a fourfold…
Ikea, the Swedish company, is taking on the role of landlord in Japan by renting out a small flat in Tokyo. According to specifications revealed by Ikea this week, the 10-square-meter (107-square-foot) apartment is located in Shinjuku and will cost just 99 yen ($0.86) per month to rent. There is just one available flat, which…
Reliance Industries and Saudi Aramco have canceled an agreement for the state-owned oil giant to acquire an interest in the oil-to-chemicals segment belonging to the Indian conglomerate due to value issues, sources who are aware of the issue told. Discussions broke out over the extent to which Reliance’s Oil-to-Chemicals (O2C) business is worth as the…
Britain announced on Friday that the coronavirus variant that was recently identified which was spreading across South Africa was of huge alarm and was believed by researchers as the most important one that has been discovered, because it may make vaccines less efficient. It was reported that the UK Health Security Agency said that the…
The World Health Organization is recommending the public to use Covid-19 mitigation methods, including masking and social distancing, regardless of vaccination status, as cases increase throughout Europe as the Christmas season approaches. Some nations and communities have been lulled into a “false feeling of security” that the epidemic is gone and that those who have…
Xiaomi Corp of China reported a lower-than-expected 8.2 per cent increase in its third-quarter revenue, citing stagnation in smartphone sales in the face of increased competition from rivals. The weak quarterly results of the company dropped by 7 per cent. The company reported that there was a 0.4 per cent growth in its revenues from…
Delivery of the electric version of its GMC Hummer pick up trucks will be started by General Motors Co in December, according to the head of the brand Duncan Aldred. Aldred said in a conference call that an electric driving range of 329 miles will be offered by the “Edition 1” of the Hummer which…
Tesla Inc subjects female workers to “nightmarish” conditions of rampant sexual harassment at its main factory, and supervisors turn their backs when complaints are brought, according to a new lawsuit. Jessica Barraza, 38, said she has endured “near daily” catcalls and inappropriate touching in her three years at the electric vehicle maker’s factory in Fremont,…
Gap Inc cut its forecast for sales for the entire year as it predicted to be hit by a loss of up to $650 million due to supply chain disruptions such as closures of manufacturing factories in Vietnam and the currently high-cost of air freight for distribution of its products. The shares of the company…
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