NEWS
NEWS
, BP To Make Global Job Cuts Mandatory : BP Layoffs 2020
Only a quarter of BP’s planned 10,000 job cuts is going to be voluntary. According to an internal memo, BP plans to make 7,500 mandatory redundancies this year.
, Sony launches 3D display device ‘Spatial Reality Display’
Sony’s latest 3D display device ‘Spatial Reality Display’ allows you to review your creations in 3D without having to use cumbersome 3D glasses or …
, Rising Sea levels Investment Risks for Municipal Bonds, says Moody Report
Rising sea levels are a credit risk for investors in coastal states’ infrastructure and municipal bonds.
, Musk Announces new price for Model S to undercut rival Lucid’s Air cost
Elon Musk of Tesla tweeted a price cut for its Model S in response to the rival new startup Lucid’s announcement of its Air model price.
, Low-income countries in debt stranglehold, says report
Multi-trillion dollar asset manager BlackRock alone holds close to US$1 billion of ‘Eurobonds’ in Ghana, Kenya, Nigeria, Senegal and Zambia through a number of funds.
, Wells Fargo terminates 100 employees for siphoning relief aid from SBA
Evidence has regularly come out of how the stimulus package floated by the government under the CARES Act has been wildly misused by large corporate houses and even senators for pandemic relief.
, Solar cheapest electricity power now, says IEA
Solar and wind energy will lead the surge in renewables in the coming decades, says world body on alternative sources.
, Alphabet’s X Lab Develops Robotic buggy that collects Deep Data of individual plants
The Mineral team of X Labs from Alphabet has developed a robotic buggy that can help agriculturists embrace the complexities of growing food.
, Singapore Airlines Opens Pop-up Restaurant in 380As
Desperate times call for desperate measures and Singapore Airlines is doing that. Its pop-up restaurant seats sold out in just half an hour.
, Failure to agree on global digital tax reforms could cost $100 billion, OECD warns
The Organization for Economic Cooperation and Development (OECD) has proposed to rewrite international tax rules which could shed more than 1% of output and trigger a trade war. The proposed global tax overhaul would make digital companies pay their fair share of tax in countries where they do business, rather than where they register subsidiaries. This could boost national income tax revenues by a total of $50 to $100 billion a year, the OECD estimates.
, 2021 Audi R8 RDW Review: Performance, Availability and More
The Audi R8 has simplicity in designs and styling with one of the most potent engines inside.
, France ups the ante by increasing penalty tax on carbon emissions by cars
France introduces a new carbon emission tax plan that will make buyers of gas-guzzlers like Porsche and Ferrari to reconsider their purchasing decision.
, HSBC commits nearly $1 trillion to achieve net zero emissions by 2050
With a portfolio of Asian clients that rely on fossil fuel investments, HSBC will be in a difficult position to realize its commitment to zero emissions by 2050.
, Amazon Prime Day Sale is here, some tricks to get the best deals
The Pandemic has put a dampener on many happy occasions this year, but if you need to do some early festive shopping, Prime Day sales might just be the thing.
, Samsung Electronics profits see 60% boost on Huawei orders
Samsung Electronics is seeing a two-year high in profits riding high on Huawei troubles and a rise in demand for its chips.
, Petrobas of Brazil to sell off shore gas fields to consortium
Petrobas, which is divesting assets to raise some $30 billion in the next five years, is selling to 3R Petroleum and DBO consortium.
, Samsung, Apple partners present $143 billion plan for smartphone manufacturing in India
The Indian government floated a $6.6 billion incentive program to attract smartphone manufacturing in order to create more jobs.
, Clover Health to raise $3.7 billion in SPAC IPO
Clover Health will merge with Social Capital Hedosophia lll, a SPAC, to go public to avoid unnecessary costs and delays.
, Insurance claims from entertainment industry up due to pandemic losses
Theater shutdowns and postponement of major releases have added to the woes of the entertainment industry brought to a halt due to the pandemic. …
, Airline industry on the brink of collapse with no aid in sight
With no hopes of a stimulus package soon, the airline industry is facing absolute chaos with millions in job losses and almost $2 trillion in global GDP.
, John McAfee arrested for tax evasion and fraud in Spain
John McAfee, the cybersecurity entrepreneur, has been indicted by the DoJ and the SEC both for tax evasion and cryptocurrency fraud.
