US considers removal of some China tariffs to combat inflation
Jun 06, 2022 09:53 am UTC| Business Economy
The U.S. may be scrapping some tariffs on China, and this was revealed by Gina Raimondo, the countrys commerce secretary, on Sunday, Jun 5. She shared that President Joe Biden has asked the ministry to look at some options...
Burger King is unable to exit from Russia, and here’s why
Jun 06, 2022 09:07 am UTC| Business Economy
Burger King is one of the American fast-food chains that have franchise outlets in Russia, and it has been in that country for at least a decade now. However, when Vladimir Putin ordered an invasion attack on Ukraine, most...
Walmart teams up with Knapp to automate fulfillment centers
Jun 06, 2022 08:13 am UTC| Business Economy
Walmart will be upgrading its fulfillment hubs by installing high-tech equipment that will automate most of the work at the warehouses. For this project, the retail giant teamed up with Knapp tech company that provides...
Ford injects new investment to add over 6,000 jobs in the US
Jun 06, 2022 07:56 am UTC| Business Economy
Ford Motor is boosting its production of electric vehicles, so it has announced a new investment of around $3.7 billion. The move will also create around 6,200 new jobs in the Midwest part of the United...
Amazon's worldwide consumer chief resigns after 23 years in the company
Jun 06, 2022 07:14 am UTC| Business Economy
Amazon will lose its chief executive officer for worldwide consumer business after he submitted his resignation after 23 years of service for the company. Dave Clark is leaving, and CEO Andy Jassy confirmed that his top...
Hitachi Energy to deliver one of world’s most powerful converter stations to Deutsche Bahn
Jun 04, 2022 23:33 pm UTC| Business Economy
Hitachi Energy has won an order from Deutsche Bahn to provide a 120 megawatt (MW) converter station for DB Energie to secure the power supply for the Greater Berlin rail network. The network serves a 3.5 million...
S. Korea's Hanwha takes part in $21 million funding for US plastic upcycling firm Novoloop
Jun 04, 2022 23:26 pm UTC| Nature Economy Business
Hanwha Solutions Corp. has participated in US$21 million joint funding for a US plastic upcycling startup it seeks to expand its portfolio in green technologies. The funds were obtained by Novoloop, a California-based...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects