On Friday, the U.S. House of Representatives voted in favor of reversing President Joe Biden’s decision to suspend tariffs on solar panels from Cambodia, Malaysia, Thailand, and Vietnam. These countries provide a significant proportion of the country’s supply of solar panels. Last year, the White House implemented a waiver on ...
Read More »
Meta, under the leadership of CEO Mark Zuckerberg, continues to invest heavily in its metaverse initiatives while implementing cost-saving measures across its social media business. In its Q1 earnings report released on Wednesday, Meta disclosed that its Reality Labs division, responsible for developing virtual and augmented reality technologies for the ...
Read More »
Toyota enters the Chinese electric car market with the launch of its first electric sedan and plans to introduce two more models next year as part of its “beyond zero” lineup. Despite being the world’s largest automaker by vehicles sold, Toyota has been slow to invest in fully electric cars. ...
Read More »
Taiwanese President Tsai Ing-wen has criticized China for conducting military exercises for three consecutive days around the self-governed island, stating that they were reckless and jeopardized regional stability. Although Beijing concluded its military maneuvers on April 10th, which simulated attacks on the territory of 23 million people, Taiwan’s Ministry of ...
Read More »
Due to a significant decrease in the worldwide demand for semiconductors that has led to plummeting prices, Samsung Electronics plans to reduce its chip production. Samsung Electronics, the largest memory chip manufacturer in the world, announced that it will implement a “meaningful” cut to chip production due to a sharp ...
Read More »
The Australian Securities & Investments Commission announced on Thursday that Binance’s derivatives license in Australia has been canceled at the request of the cryptocurrency exchange. This comes after the regulator initiated a “targeted review of Binance” in February. The regulator announced that starting from April 14, Binance will not allow ...
Read More »
On Thursday, Walmart declared its plan to install electric vehicle charging stations in thousands of its stores across the United States by 2030. Walmart has announced that it will expand its EV fast-charging network to its stores and Sam’s Club locations throughout the United States. Currently, the company has almost ...
Read More »
On Tuesday, an executive in charge of Amazon’s video games division wrote in a memo to employees that the company is laying off approximately 100 workers. Christoph Hartmann, Amazon Games’ vice president, wrote a memo to staffers on Tuesday stating that around 100 employees in Amazon’s video games division have ...
Read More »
On Tuesday, Pakistan’s central bank increased its key interest rate by 100 basis points to its all-time high, as the financially challenged country intensified its efforts to tackle the rising cost of living. The State Bank of Pakistan (SBP) has raised its key interest rate to a record 21% as ...
Read More »
On Friday, Elon Musk requested a U.S. judge to dismiss a $258 billion racketeering lawsuit alleging that he operated a pyramid scheme to promote the cryptocurrency Dogecoin. Lawyers for Elon Musk and Tesla Inc filed a document in Manhattan federal court on Friday evening, stating that the $258 billion lawsuit ...
Read More »