U.K.’s economy to slump worse than other countries in 2023, says IMF

The U.K. economy is reportedly set to decline and perform worse as compared to other major nations, notably Russia, as the cost of living remains high, as per the International Monetary Fund (IMF). According to the IMF, the economic outp....

U.S. DOJ sues Google for dominating online ad market, driving out rivals

The United States Department of Justice (DOJ) and eight states in the U.S. have reportedly filed a lawsuit against the tech giant Google, arguing that it has undue dominance in the online advertising industry. According to U.S. Attorney ....

China’s population drops in 2022 for the first time in six decades

China, the most populated country in the world, has reportedly experienced a population decline in 2022 for the first time in more than 60 years, according to government figures released on Tuesday. The decline, which accounts to be the ....

Britishvolt in talks with Indonesia-linked investor for a £160M deal

Britishvolt, a battery startup, is reportedly in talks with an Indonesia-based oil and gas investor for a £160 million ($194 million) rescue deal that may nearly knock out the value of the holdings held by current shareholders. Dea....

Tesla delivers 1.3M vehicles, 40% more compared to the sales of 2021

Tesla, the prominent electric carmaker based in the U.S., has reportedly announced the sales of over 1.3 million vehicles in 2022, over 40% more compared to the sales in 2021. The EV automaker, however, came up short of Wall Street's....

Oil prices hike as China curbs travel rules and US fights winter storm

Oil prices reportedly surged to record a three-week high as China lifted its zero-covid policy and extremely cold weather in the United States forced refinery closures along the critical Texas Gulf Coast. Brent crude rose 88 US cents, or....

Target to attract value-hungry buyers this holiday season to shoot up sales

Target, the well-known big-box department store chain based in the U.S., is reportedly hoping to revive its sales by attracting value-minded shoppers during the holidays. Apparently, Target now faces greater risks during the holiday shop....

EU accepts carbon market access for $21.3 billion in the energy shift

The European Union (EU) policymakers have reportedly agreed to raise nearly $21.3 billion (€20 billion) from the carbon market of that region, to support financing the bloc's strategy to alleviate its reliance on Russia for natural....

Vietnamese Vingroup’s subsidiary VinFast aims to go public in the U.S.

The automotive company, VinFast has reportedly stated that it has filed a registration statement with the U.S. Securities and Exchange Commission to go public next year. Earlier in March 2022, the firm declared its plans for a factory in....

Iterative Capital launches second fund for Southeast Asian startups

Iterative Capital, the venture capital firm, operating a YC-style accelerator program, has recently announced that it has secured $55 million for its Fund II from LPs (Limited Partners) like Cendana, Village Global, K5 Global, and Goodwater....