Amazon smashes earnings expectations with 44% sales increase
Apr 30, 2021 11:50 am UTC| Economy Business
Amazon shares climbed over 3.5 percent on Thursday after revealing that its first-quarter earnings soared 44 percent on-year to $108.5 billion, beating Wall Streets expectations for earnings and revenue. Based on...
Burger King to use Colombian avocado in its Whoppers in Japan
Apr 30, 2021 11:45 am UTC| Business Economy
Three containers of Colombian frozen avocado arrived in Japan to be consumed by customers of the Burger King and 7-Eleven chains in that country. Burger King has two new offerings with avocados, the Avocado Beef Whopper...
FDA issued a recall on canned beans over botulism risk
Apr 30, 2021 09:55 am UTC| Business Economy
Faribault Foods, Inc. has issued a recall on its canned beans products that have been distributed in the U.S. It was said that there is a risk for botulism poisoning due to seal problems. As per Fox Business, because of...
GM recalling its Bolt EV models for battery software update
Apr 30, 2021 09:25 am UTC| Business Economy
General Motors announced that it will recall some of its Chevrolet Bolt electric vehicles. The affected ones are those that were fitted with batteries made at LG Energy Solution Ltd.s manufacturing plant in South...
Tesla is recalling 561 EVs due to defective parts in S. Korea
Apr 30, 2021 08:50 am UTC| Business Economy
Tesla in South Korea is recalling a total of 561 car units for faulty components. The countrys Ministry of Land, Infrastructure, and Transport announced that the affected electric vehicle model is the automakers Model S...
Samsung reports $360 billion losses due to Texas plant shutdown
Apr 30, 2021 08:22 am UTC| Business Economy
Samsung Electronics revealed on Thursday, April 29, that it lost a massive amount due to the temporary closure of its production plant in Austin, Texas. The South Korean company shared that its total losses incurred has...
India COVID crisis: four reasons it will derail the world economy
Apr 30, 2021 07:59 am UTC| Economy
The second wave of the pandemic has struck India with a devastating impact. With over 300,000 new cases and 3,000 deaths across the country each day at present, the total number of deaths has just passed the 200,000 mark ...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects