Browsing Category
Business
Short sellers made $15 billion in profits betting against Tesla
Due to the continued decline in Tesla shares, Elon Musk is no longer the world's richest person. According to a report by S3…
Azuki collection NFT that Logan Paul bought for $623,000 is now worth $10
Logan Paul, a YouTuber-turned-boxer, purchased a NFT for $623,000 from the Azuki collection. There has been a massive downturn in…
Gates, Bezos and Branson back a green battery factory
An energy technology pioneer, Form Energy, with the backing of Bill Gates, Jeff Bezos, and Richard Branson has revealed the site…
Consumer law violations cost Wells Fargo $3.7 billion in fines
As part of the settlement, Wells Fargo agreed to pay $3.7 billion in order to settle claims that it harmed customers by charging…
Amazon Web Services awarded $700 million contract by U.S. Navy
Amazon Inc's cloud computing division was awarded a $723.9 million enterprise software license contract by the United States Navy.…
Oil producers from OPEC and non-OPEC sign historic declaration
Ten non-OPEC oil-producing countries and OPEC Member Countries signed the Declaration of Cooperation (DoC) on 10 December 2022. At…
COVID infections increase in China after controls are loosened
After the Communist Party loosened anti-virus rules as it tried to reverse a deepening economic slump, a surge of COVID-19 cases…
US Treasury has penalized a prominent Turkish executive with Iran oil…
A prominent Turkish businessman has been sanctioned by the Biden administration for violating U.S. restrictions on the sale of…
Spending by governments on clean energy transitions rises to $1.2 trillion
As the global energy crisis spurs new policies aimed at cutting reliance on fossil fuels, global government spending on clean…
UAE implements federal law to charge nine percent corporate tax on profits
The UAE issued Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses (the “Corporate Tax Law”). From 1…