Meta Platforms To Cut Thousands Of Jobs
On Monday, Bloomberg reported that as soon as this week, Meta Platforms is planning to cut thousands of jobs in a new round of layoffs. The new layoffs will come…
Shell And Equinor Complete Negotiations With Tanzania Over $30 Billion LNG Project
Tanzania’s energy ministry has revealed that Tanzania, Norway’s Equinor and Britain’s Shell have completed negotiations to construct a $30 billion liquified natural gas (LNG) terminal and contracts are being prepared…
Tesla Is Slashing Prices On Top-Tier Models
Tesla is cutting prices yet again, seeking to boost sales and pump up its top line. Both the Model X and Model S luxury Electric Vehicles are getting a price…
Chinese Economic Activity Soars As Recovery Picks Up
A Caixin survey released on Friday showed that Chinese services sector activity rose sharply in February as the removal of most Covid-19 pandemic restrictions allowed the Chinese economic recovery to…
EU Rules On Combustion Engine Car Ban Delayed By Luxury Automakers
On Saturday, Bloomberg reported that the EU ban on the sale of new combustion-engine cars was postponed following calls from luxury carmakers Ferrari and Porche to give synthetic fuels an…
Bankruptcies Soar In Sweden – Bloomberg
According to a new report from Bloomberg, in February, bankruptcies soared in Sweden, marking the seventh consecutive month to see insolvencies increase, as household consumption declined, and construction companies felt…
JP Morgan Says Russia Will Continue Robust Oil Production
In a report this week, Reuters reported that JPMorgan is predicting that despite numerous Western sanctions packages rolled out against Russia, Russian oil drillers will continue to maintain high production…
Brazil Approves Bioceres’ GMO Wheat
Argentinian agri-biosciences firm Bioceres announced this week that the Brazilian government’s National Biosafety Commission approved the company’s drought resistant, genetically modified strain of wheat, HB4 wheat for cultivation, production, and…
US Economists Predict Stagflation For Europe
Renowned economist Jeffrey Sachs is warning on his YouTube channel that the Eurozone is on the cusp of stagflation. Stagflation is an economic condition consisting of stagnant economic growth, persistently…
China Hits Massive Oil And Gas Discovery In Bohai Sea
CNOOC, the Chinese state-owned oil and gas corporation, has announced that it discovered a major new oilfield in the Bohai Sea, along the nation’s northern coastline, with estimated light crude…