Category: Business
Labour recasts green growth plan as UK version of Inflation Reduction Act
Author: Pankaj Singh

img/business/labour-recasts-green-growth-plan-as-uk-version-of-inflation-reduction-act.jpg 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 Mil...

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Virgin Orbit seeks funding lifeline to save itself from bankruptcy
Author: Pankaj Singh

img/business/virgin-orbit-seeks-funding-lifeline-to-save-itself-from-bankruptcy.jpg 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 ...

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Sea announces MariBank access for select customers on invite-only basis
Author: Pankaj Singh

img/business/sea-announces-maribank-access-for-select-customers-on-invite-only-basis.jpg 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...

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Shares of Sea jumped 22% in US trading after unexpected rise in profit
Author: Pankaj Singh

img/business/shares-of-sea-jumped-22-in-us-trading-after-unexpected-rise-in-profit.jpg 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 surpr...

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Canada to ban social media app TikTok from government-issued devices
Author: Pankaj Singh

img/business/canada-to-ban-social-media-app-tiktok-from-government-issued-devices.jpg 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 ...

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Coca-Cola profits surge in fourth quarter amid spiked drink prices
Author: Shreya Bhute

img/business/coca-cola-profits-surge-in-fourth-quarter-amid-spiked-drink-prices.jpg Coca-Cola, the leading American beverage company, has reportedly recorded quarterly earnings that exceeded analysts' estimates on Tuesday, owing to the increased drink prices. Ho...

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Boeing to cut 2000 staff as it focuses on product and tech development
Author: Shreya Bhute

img/business/boeing-to-cut-2000-staff-as-it-focuses-on-product-and-tech-development.jpg 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 manufacturin...

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

img/business/uks-economy-to-slump-worse-than-other-countries-in-2023-says-imf.jpg 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...

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China’s population drops in 2022 for the first time in six decades
Author: Shreya Bhute

img/business/chinas-population-drops-in-2022-for-the-first-time-in-six-decades.jpg 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 release...

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Britishvolt in talks with Indonesia-linked investor for a £160M deal
Author: Shreya Bhute

img/business/britishvolt-in-talks-with-indonesia-linked-investor-for-a-160m-deal.jpg 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 val...

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