UAE’s E& Takes Majority Stake in Ride-Hailer Careem’s Super App for $400M
Emirates Telecommunications Group Company will acquire a 50.03% stake in a super app managed by Careem, Uber Technologies’ Middle East
Report: Tesla to Set up a New Factory in Shanghai
Tesla is planning to construct a new in Shanghai, China, which will be used to manufacture energy storage products, according
This Industry Could Touch One Million Sales in the US for the First Time in 2023
The new Electric Vehicle (EV) sales in the U.S. may reach one million for the first time in 2023, according
Cloud Services From Microsoft and Amazon Face Antitrust Investigation in the UK
Amazon and Microsoft are facing an antitrust investigation in Britain after the communications regulator since there are “significant concerns” that
Report: U.S. Regulator Scrutinizing Recent JPMorgan Chase Acquisitions
JPMorgan Chase & Co. is under scrutiny by the Office of the Comptroller of the Currency (OCC), a U.S. regulator,
Report: EPA Likely to Adopt Strict Measures in EV Push
The U.S. Environmental Protection Agency (EPA) will likely meet next week to propose new rules relating to vehicle emissions pollution,
Report: Exxon Mobil Concluding Its Oil Exploration Operations in Brazil
Exxon Mobil is concluding its major oil exploration campaign in Brazil, the Wall Street Journal reported, citing people familiar with
Report: Tesla Workers Shared Videos and Images From Vehicle Cameras
A Reuters investigation reveals that Tesla employees, between 2019 and 2022, shared highly personal videos and photos of clients taken
Johnson & Johnson Offer $9B for Talc Lawsuits Settlement
Johnson & Johnson has offered a nearly $9 billion payout to resolve thousands of lawsuits in North America claiming that
Learn Why Investors Have Bet $3.7B Against Toronto-Dominion Bank
Investors have bet a boggling $3.7 billion against the lenders, according to S3 Partners. According to Bloomberg, numerous factors are
5,000 GM Employees Exit Through Buyouts as Automaker Targets $2 Billion in Cost Cuts
General Motors CFO Paul Jacobson said that nearly 5,000 salaried workers took buyouts to leave the company. The development is
Analysis: The Economic Longwave Expects 2025 “Buy Time” in Canadian Real Estate
An analysis from The Economic LongWave suggests that the current Canadian real estate market is down but still not ideal
Walmart Lays off 2,000 E-commerce Warehouse Employees
Retail giant Walmart is letting go over 2,000 workers at five US warehouses. The employees work at warehouses that fulfill
L’Oreal to Acquire Beauty Brand Aesop for $2.5B
French beauty giant L’Oréal will acquire Australian brand Aesop in a deal worth $2.5 billion. This is the largest acquisition
Extra Space Storage to Acquire Life Storage in a $12.7B Deal
Real estate investment trust (REIT) Extra Space Storage said it would acquire Life Storage for $12.7 billion in an all-stock
Top 4 Best EV Stocks for Long-Term Investment in 2023
The electric vehicle industry has faced multiple headwinds in the recent past. This includes chip shortage, broader supply chain issues
EV Maker Rivian Tops First Quarter Delivery Estimates
California-based electric vehicle (EV) maker Rivian said it beat the estimated deliveries for the first quarter of 2023, sending a
China’s Evergrande Enter a Support Agreement For Debt Restructuring
Debt-ridden Chinese property giant Evergrande plans to restructure nearly $23 billion of its offshore debt as the company aims to