BP Says Its Car Chargers Will Soon Have Higher Profitability Than Pumps

According to British Petroleum, its quick electric vehicle charges are about to become more profitable compared to filling up a gasoline automobile. The achievement will be significant for BP, which is looking to diversify its business away from oil and towards power markets and electric vehicles (EV). EV charging has been a loss-making business for BP…

Research Report Claims $400m Of Cryptocurrency Stolen By North Korea Hackers In 2021

According to a research, North Korean hackers stole about $400 million in digital assets through as many as seven attacks on cryptocurrency platforms last year. Cyber-criminals in the secretive east Asian country had one of their most successful years on record for hacking last year, according to blockchain analysis firm Chainalysis. Investment firms and centralised exchanges were the…

Meta To Face Billion-Pound Class-Action Case In The UK

As many as 44 million used of Facebook in the United Kingdom could share £2.3 billion in damages, according to a competition expert planning to sue Facebook’s parent company Meta. Meta “abuses its market dominance,” according to Dr. Liza Lovdahl Gormsen, by charging an “unfair price” for free use of personal data of users of Facebook’s…

Embattled Cruise Operator Genting Hong Kong’s Stocks Plunge More Than 50% After It Warns Of Defaults

The cruise company that is currently in a lot of financial trouble, Genting Hong Kong, witnessed its stock drop by more than 50 per cent following the firm announcing that it might not be able to fulfill its debts and other obligations. After a four-day hiatus, trading resumed on Thursday. “There is no certainty that the Group will…

Starbucks To Increase Spending With Diverse Suppliers By Almost Two Times By 2030

Starbucks Corp said that its expenditure with suppliers and vendors from underrepresented groups in North America will nearly treble to $1.5 billion by 2030. Starbucks’ chief global inclusion and diversity officer, Dennis Brockman, says the firm can utilize the global supply chain disruption caused by Covid-19 to improve diversity. “This will give us an opportunity…

Philips Profits Hit By Shortages And Recalls, Shares Slide

Philips shares fell more than 11 per cent on Wednesday morning after the Dutch health technology giant raised the cost of its major ventilator recall and warned that worldwide supply chain constraints would hurt earnings. As it continued to struggle for memory chips and other supplies, the hospital equipment and personal health device supplier said it…

Chill And Assertive Self-Driving Modes Added To Its Cars By Tesla

An assertive driving mode has been added to Tesla’s automatic driver assist technology. The setting will drive more closely behind other vehicles, change lanes more frequently, avoid leaving the overtaking lane, and conduct rolling stops. Human driver behavior like this is frequently criticized by safety organizations. One automotive safety expert, however, believes that it is…

After Missing Target, Volkswagen Targets Doubling Electric Car Sales In China For 2022

The German auto giant Volkswagen AG expects to increase the sale of its ID battery electric vehicles in China by two times this year, the company said, and added that it wants to perform even better next year. it however also cautioned that a global scarcity of semiconductors could stymie the automaker’s expectations on performance.…