Across 45 urban centres more than 400 million individuals are under either complete or partial lockdowns, with no indication of when said lockdowns will be lifted. This comes as a part of China’s Zero-COVID policy. These areas collectively represent 40% i.e., US $ 7.2 trillion of annual GDP of China, as per the data by […]
Continue Reading
Amazon announced on 13th April (Wednesday) that the company will charge sellers a 5% fuel and inflation tax for the first time in the company’s history. According to the New York Times, fees paid by third-party sellers accounted for 22% of Amazon’s income last year, or $103 billion. According to sources, Amazon upped the seller […]
Continue Reading U.S. Treasury yields fell on Wednesday morning; however, investors are still watching how spreads differ between bonds after the 30-year and 5-year rates switched at the beginning of the week. The yield of the 30-year Treasury bond dropped nearly three basis points to 2.4912%, while the yield of the 5-year Treasury moved around three basis […]
Continue Reading The three major Wall Street stock indexes were sharply higher on Tuesday, a day before an anticipated rate hike by the United States Federal Reserve, while oil prices fell by 7 % in the hope of an end to the war in Ukraine. Investors anticipate the United States central bank to increase rates for the […]
Continue Reading Amazon, an E-commerce Company, has announced the first split of its stock since the dot-com boom, notifying investors on Wednesday that they will receive 20 shares in exchange for every share they currently own. The stock rose 6% during extended trading. The Amazon Company further stated that its board of directors had authorized it to […]
Continue Reading
On Friday; the Japanese entertainment and electronics largest company Sony Corporation states that it could collaborate with the Honda Motor Company to produce electric vehicles. Electric automobiles will be available for sale in the market by 2025. Currently, the demand for an electric vehicle is low. But it is rapidly increasing because of the concerns […]
Continue Reading
On Tuesday night, the United States President, Joe Biden, during his State of the Union address that the United States would ban all Russian aircraft from entering American airspace in protest against the ongoing military offensive against the Ukraine country. In the coming week, similar action could follow by the European Union and Canada to […]
Continue Reading
Days after being teased, the second-generation Kia Niro has made its debut at Seoul Mobility Show. The redesigned Niro has will be available in fully electric, hybrid, and plug-in hybrid – just like the outgoing model. This reflects how focused the Korean automaker is on reducing emissions. But the bigger emphasis this time has been […]
Continue Reading
An unusual thing happened over this weekend. With the help of renewable energy sources, consumption on the South Australian (SA) electricity grid fell to -46.4 Megawatts, a global best. This is not just the first gigawatt-scale grid to claim such efficiency, but is also the result of non-scheduled plants as well as renewable sources, such as […]
Continue Reading
Walmart is all set to start delivering your orders by air. America’s largest retailer will deliver thousands of items via drone to customers living in Farmington, Arkansas. The items that the retail giant will deliver include health related products like thermometers along with cough medicine and other things. However, the delivery by air will be […]
Continue Reading