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 stifle innovation and competition in…

NNR April 3, 2023

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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. “We gained significant market share…

NNR April 3, 2023

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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 said it would cut output…

NNR April 2, 2023

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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 posted during the same period…

NNR April 2, 2023

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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 weeks before the new requirements…

NNR April 1, 2023

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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 has already a partnership with…

NNR April 1, 2023

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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 said on Saturday. March inflation…

NNR April 1, 2023

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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 supported by Microsoft, has been…

NNR March 31, 2023

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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 filings posted on the website…

NNR March 31, 2023

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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 will lay off nearly all…

NNR March 31, 2023

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Primark increases pay rates for its stores staff across UK

Primark, an Irish multinational fast fashion retailer with stores across Europe and in the United States, will raise the hourly pay rates for all its hourly paid store staff across…

NNR March 30, 2023

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Britain buses and coaches must show audible and visual displays of their route and direction

LONDON, UK: The Department for Transport (DfT) has introduced new rules across Britain. All local buses or coach service are required to provide audible announcements and visual displays identifying the…

NNR March 30, 2023