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Chinese Exporters Scramble Ahead of 29‑Day Countdown to Trump’s Tariff Deadline 07/14/2025

Meta’s AI Ambitions Drive Unprecedented Data‑Center Spending 07/15/2025

Volkswagen and SAIC to close plant in China's Nanjing 07/14/2025

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Business & Finance

Hyundai Join Hands With Uber’s Electric Air Taxi Project

South Korean automaker Hyundai Motor and the United States based ride hailing firm Uber has decided to join resources to jointly develop electric air taxis, the companies said in a statement. This is another partnership between companies in the auto sector to leverage their position in the race for...

Uber buys Middle Eastern Careem Networks for $ 3.1B

US Uber, an American taxi and food delivery service, closed a deal to buy Middle Eastern rival Careem Networks for $ 3.1 bln. Careem Networks has become a 100% division of Uber, while maintaining its brand. The business will be headed by Mudassir Sheikha, Careem Networks co-founder and...

SQM Evaluates Its Options Before The Law Post Environment Court Verdict

The environment court of Chile has passed a verdict on SQM’s excess water use in Atacama Desert which might cost the company its expansion plans. The second biggest lithium producer in the world, SQM reported about its regrets on “a ruling by a Chilean environmental court” whereby the company...

Expectations Continues To Build Up With All Eyes On BlackRock’s New Climate Approach In 2020

BlackRock directly interacting with companies on climate risk is a “positive sign”. BlackRock Inc faces building up pressure and weighs on making its “interactions with portfolio companies” stricter given the effect it has on its climate related records. The largest asset manager in the world has...

Nissan Virtually Order Freeze On All Non-Essential Spending To Save Money: Reuters

A continued drop in the sale of cars and sliding profits had already forced Japan’s Nissan Motor Co to chalk out a strategy for cost savings. According to a recent report by the news agency Reuters quoting source information, the company has now asked its managers all across the board to cut down...

Alibaba's market cap becomes the largest in Asia

Chinese Internet company Alibaba has become Asia's largest capitalization company. Now it ranks seventh in the world in terms of value, according to Nikkei Asian Review. As of December 20, the company's capitalization increased by 60% compared to the end of last year - up to $ 570 billion. Among...

Saudi Arabia And Kuwait Resolve Differences To Resume Joint Oil Production

The disagreement between Saudi Arabia and Kuwait over the Khafji oil field has come to an end with the Saudi energy minister announcing that the two countries would be jointly operating the oil field which would yield as much as 320,000 oil barrels per day (bpd) by the end of next year. This was...

Elon Musk's 'nightmare' raises $1.3B

American electric car maker Rivian raised $ 1.3 billion, CNN writes. The money was raised by T. Rowe Price, an investment company that owns a stake in Tesla. Rivian was previously called the "nightmare" by Elon Musk. To attract financing, Rivian chose the funding round procedure, in which a stake...

China’s Prison Forced Labour Issue: Australia's Cotton On Probing Its Chinese Supplier

Following the revelation of forced prison labour in China and the suspension with a Chinese suppliers by the British retailer Tesco, investigations into its relationship with a Chinese printing firm suspected of using forced prison labour is also being done by Australian clothing retailer Cotton On...

New Warning About Huawei’s 5G Participation To UK From The US

A risk to British secret intelligence services MI5 and MI6 would be posed if the United Kingdom government allows participation of the Chinese telecom company Huawei into the country’s 5G telecommunications networks, warned the United State’s White House. According to a report...