Labour recasts green growth plan as UK version of Inflation Reduction Act

Labour party of the UK has decided to invest in good, clean energy jobs by recasting its green growth initiative as the British version of the US’s Inflation Reduction Act. Ed Miliband, the shadow net zero secretary, has been tasked w....

Virgin Orbit seeks funding lifeline to save itself from bankruptcy

Rocket-building company Virgin Orbit is reportedly looking for strong funding options to avoid bankruptcy, which could occur soon in case no deal is finalized. The firm has paused most of its operations and furloughed most of the staff whil....

Sea announces MariBank access for select customers on invite-only basis

Tech company, Sea has reportedly opened access to its newly launched MariBank for the public on an invite-only basis. Earlier, access to the digital bank was limited to the employees of the firm. Customers are offered a Mari Savings Account....

Shares of Sea jumped 22% in US trading after unexpected rise in profit

Sea Limited, the tech conglomerate situated in Singapore and the owner of the e-commerce platform Shopee, has reportedly posted an increase in shares in the US trading following a surprising profit hike. This has invigorated investors who h....

Canada to ban social media app TikTok from government-issued devices

Canada has reportedly planned to ban the short-form video content application, TikTok from all the devices issued by the government. According to a government official, the decision was made after an assessment by Canada's chief info....

Ukraine War-induced energy crisis incurs costs over $1k per UK adult

The United Kingdom’s excessive use of biogas has reportedly been linked with the significant rise in bills in the aftermath of the Ukraine war. The energy crisis stemming from the war has resulted in costs equivalent to over USD 1,209....

Coca-Cola profits surge in fourth quarter amid spiked drink prices

Coca-Cola, the leading American beverage company, has reportedly recorded quarterly earnings that exceeded analysts' estimates on Tuesday, owing to the increased drink prices. However, the increased costs have decreased the consumer ....

Boeing to cut 2000 staff as it focuses on product and tech development

Boeing, the U.S.-based aircraft manufacturer, has reportedly announced to cut nearly 2000 employees from the HR and finance department this year as it has put more focus on manufacturing and engineering. Apparently, the move comes as the....

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 ....