Fanatics is acquiring Epi, an Italian sports merchandise company
Fanatics, the global leader in licensed sports merchandise, has made a significant move in the Italian market by acquiring Epi, an Italian sports merchandise company....
World Wrestling Entertainment (WWE) and Ultimate Fighting Championship (UFC) have agreed to merge
In a major development in the world of sports and entertainment, World Wrestling Entertainment (WWE) and Ultimate Fighting Championship (UFC) have agreed to merge to...
FTC orders Illumina to divest its $7.1 billion acquisition of cancer test developer Grail
The Federal Trade Commission (FTC) has ordered Illumina to divest its $7.1 billion acquisition of cancer test developer Grail, citing concerns that the deal would...
General Motors sold over 60,000 vehicles in U.S. during first quarter of 2023
General Motors (GM) said automobile sales in U.S. surged 18% in the first quarter of 2023 from a year ago, to over 600,000 vehicles delivered....
Saudi Arabia and OPEC+ countries announce 1.16 million bpd cut in oil production
Saudi Arabia and other OPEC+ oil producing countries have announced further cuts in their production amounting to around 1.16 million barrels per day. Saudi Arabia...
Tesla reports 36% increase in vehicles deliveries for first-quarter of 2023
American automaker Tesla reported 36% increase in deliveries in the first quarter of 2023 ended March 30 to 422,875 vehicles, compared to the 310,048 deliveries...
U.S. government seeks to reduce or remove tax credits on electric cars
The U.S. government has notified electric vehicle tax rules that will reduce or remove tax credits on some zero-emission models but grant buyers another two...
Huawei partners Chery, BAIC,Anhui Jianghuai to produce Aito electric vehicles
Huawei Technologies is teaming up with Chery Automobile, BAIC Motor and Anhui Jianghuai Automobile Group in jointly developing and manufacturing Aito-branded electric vehicles, “Huawei, which...
Consumer price inflation in Pakistan recorded at 35.37% in March 2023
KARACHI: Consumer price inflation in Pakistan surged to a record 35.37% in March 2023 compared with the corresponding month last earlier, the Bureau of Statistics...
Italy has bans ChatGPT because of unlawful data collection
Italy has imposed a ban on the use of the artificial intelligence (AI) bot ChatGPT, citing OpenAI’s “unlawful collection of personal data.” OpenAI, which is...
Tesla recalls its Semi electric trucks after brake defect found
Tesla has issued a voluntary recall on its Semi trucks as the electronic parking brake valve module found to contain a defect, according to recall...
Virgin Orbit shuts operations, to lay off all workforce
Virgin Orbit is ceasing operations after failing to secure a funding lifeline, CEO Dan Hart told employees during an all-hands meeting Thursday afternoon. The company...