Author: Admin
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Suez Blockage Adds To Global Shipping Woes.
A container ship over a quarter-mile-long is at the centre of a global shipping and logistics crisis after it ran aground in the Suez Canal, blocking traffic and choking a critical global trade artery, CNN reported. With 200 vessels stuck in a jam, commentators say it could be weeks before it is cleared. Suez Blockage…
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Milestone Union Vote At Amazon To Close, But Battle Likely To Continue
A year after workers first entered a new Amazon warehouse in Bessemer, Alabama, the curtain was set to fall on a milestone union vote at the facility, CNN reported. Milestone Union Vote At Amazon To Close, But Battle Likely To Continue The National Labor Relations Board had set Monday as the final day for receipt…
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VC Firms Pumping Millions Into Booming NFT Space
The NFT space was booming, and venture capital firms had been funding start-ups in it with big checks, CNBC reported. VC Firms Pumping Millions Into Booming NFT Space NFTs, or non-fungible tokens, had gained immense popularity among investors along with the rising values of cryptocurrencies like ether and bitcoin. NFTs are a type of digital…
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Big Fight Expected Over Biden’s Tax-Raising Plans On Corporates, Rich
President Joe Biden’s tax reform proposals had drawn advocacy groups from across the political spectrum that are now drawing the lines and taking up positions for the showdown ahead, CNBC reported. The tax reform proposal was expected to heavily tax corporations and wealthier families as Biden pushed ahead with his massive infrastructure plan. Big Fight…
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Pat Gelsinger Unveils Plans For Intel Regaining Leadership Role
Intel CEO Pat Gelsinger has his task cut out- to regain the company’s lost position as the undisputed leader in the industry, CNN reported. To that end, Gelsinger, only a month on the job, unveiled plans based on a bold, new strategy, which the chipmaker had been lacking for some time. Pat Gelsinger Unveils Plans…
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Cryptocurrencies Need To Face More Regulation: BIS
Cryptocurrencies were used for evasion of laws and needed to face more regulation, the general manager of the Bank for International Settlements (BIS) said, CNBC reported. Cryptocurrencies Need To Face More Regulation: BIS Agustin Carstens told Joumanna Bercetche of CNBC that many digital coins were used for circumventing some regulations or doing some arbitrage in…
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Volkswagen Rises On Electric Vehicles Push.
Change, it is said, is the only constant in life, but change is now happening faster than before, as savvy investors know- yesterday’s dud stock could be tomorrow’s star performer. Volkswagen, Europe’s largest carmaker, could have hardly been fancied to be a trendy stock a week ago, but that was before CEO Herbert Diess revealed…
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US Economy Poised For A Boom, But Economists Worried
With the US economy gearing up for a boom, the Federal Reserve predicted last week that it would expand by 6.5% this year. According to commentators, it would mark as the fastest growth since 1984, when Ronald Reagan was president in his first term. US Economy Poised For A Boom, But Economists Worried However, according…
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Travel Industry Sees Boom In Bookings After Travel Deprivation
According to Peter Kern, Expedia CEO, CNN reported a travel boom was about to replace vacation deprivation. Travel Industry Sees Boom In Bookings After Travel Deprivation He told Julia Chatterley of CNN earlier this week that people were beginning to think about their future travel very quickly. With reservations on the travel website for some…
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Porsche Plans A Big Green Push
The luxury carmaker Porsche’s plans to go green in a big way would, by 2030, make the company carbon neutral with 80% of the cars and SUVs it rolled out being plug-in hybrids of electric, CNN reported. Porsche Plans A Big Green Push One model, the 911, would, however, continue to be gasoline-powered and would…