Luno, a DCG-owned Cryptocurrency Exchange, Fires 35% of its Workforce Due to Market Unrest
Exchanging cryptocurrencies The newest company in the sector to announce layoffs is Luno, which plans to reduce 35% of its global personnel. The CEO of…
International Business
Tesla is to Invest an Additional $3.6 Billion in Nevada-Based Truck and Battery Production
Tesla announced on social media on Tuesday (January 24, 2023) that it would invest an additional $3.6 billion in heavy-duty truck and expanded battery manufacturing…
Due to China’s Openness, the Benchmark Index for Asia-Pacific Experiences a Bull Market
This week, the main index for Asia-Pacific entered a bull market because to a surge in Chinese stocks brought on by optimism about the country’s…
Sam Bankman-Fried, the Founder of FTX, Reiterates his Claims of Solvency and Denies Taking User Funds
Sam Bankman-Fried, a co-founder of FTX, said that Binance CEO Changpeng “CZ” Zhao orchestrated a months-long campaign to bring down FTX in a post on…
In 2022, IBM Outperformed All of Its Large-Cap Tech Rivals as Investors Chose Safety Over Growth
International Business Machines Corporation (IBM) is a global technology company headquartered in Armonk, New York. IBM is known for its hardware, software, and consulting services,…
Toyota Increases Investment in its North Carolina Factory and Offers up to $5.6 Billion for the Production of EV Batteries
Toyota, a major player in the automotive industry, announced on Wednesday (August 31, 2022) that it would invest an additional $2.5 billion in a U.S. facility…
IATA CEO Willie Walsh Thinks that Taxes are a Clumsy Tool and that “the Carrot is Far More Effective than the Stick”
The director general of the International Air Transport Association claims that in order for the aviation sector to go forward and become more sustainable, there…
Renault, a Major Automaker, Anticipates Continued Growth in the Market for Gasoline-Powered Vehicles
According to a senior official at the French automotive giant Renault, the internal combustion engine will continue to be essential to the company’s operations in…
The First Significant Legal Challenge to the Airline Industry’s “greenwashing” will Target Aviation Behemoth KLM
Environmental organizations filed a lawsuit against KLM on Tuesday (May 24, 2022), claiming that the Dutch airline is deceiving the public about the sustainability of…
In a “Reckless” Mining Rush, about Half of the Coal Sector is Still on a Growth Trajectory
According to the German advocacy group Urgewald, nearly half of the coal industry plans to create new projects to use the dirtiest fossil fuel in…
The IRS is Being Sued by Billionaire Ken Griffin After his Tax Documents were Made Public
The conflict in Washington over the leaked tax returns of extremely wealthy people like Warren Buffett and Jeff Bezos has escalated with billionaire hedge fund…
The CEO of Amazon Explains the Reasoning Behind Layoffs as Outside, Unionized Warehouse Employees Demonstrate
After going on a big recruiting spree for much of the month, Amazon CEO Andy Jassy warned on Wednesday (November 30, 2022) that an “uncertain” environment…
Load More