EU member states to stop selling new CO2-emitting cars by 2035

Following a compromise between the European Commission and Germany on the exemption of internal combustion engine cars powered by e-fuels, EU member states have agreed to prohibit the sale of…

NNR March 29, 2023

Wire

Lucid Motors to reduce workforce by 18% in a major restructuring

Lucid Motors intends to implement a significant restructuring plan to reduce costs and increase production of its Air luxury sedan, which includes a reduction of approximately 1,300 employees, equivalent to…

NNR March 29, 2023

Wire

United States and Japan sign trade deal to strengthen their EV battery supply chains

The United States and Japan have announced a trade deal on electric vehicle (EV) battery minerals that aims to strengthen their battery supply chains and grant Japanese automakers wider access…

NNR March 28, 2023

Wire

$35 trillion investment in transitional technologies would be needed by 2030 to curb global heating: IRENA

The head of the International Renewable Energy Agency (IRENA), Francesco La Camera, has recently stated that the global energy transition is not on track to prevent the worst impacts of…

NNR March 28, 2023

Wire

Alibaba will split into six independent business groups

Alibaba will split its company into six business groups, each with the ability to raise outside funding and go public, in the most significant reorganization in the global e-commerce giant’s…

NNR March 28, 2023

Wire

Ovo Energy is offering a one-year fixed tariff of £2,275 to existing customers

Ovo Energy has launches its first deal below the government’s £2,500 cap on typical household bills amid falling wholesale gas prices, which have fallen by around 80% since August last…

NNR March 27, 2023

Wire

Barclays closes another 14 branches across UK amid shift to digital banking

Barclays will close another 14 branches at sites across the UK, two in Wales and 12 in England. It is the third time this year that Barclays has announced a…

NNR March 27, 2023

Wire

Zoom uses OpenAI technologies to the expansion of Zoom IQ

SAN JOSE: Enterprise Connect, Zoom Video Communications (NASDAQ: ZM) announced the expansion of Zoom IQ, a smart companion that empowers collaboration and unlocks people’s potential by summarizing chat threads, organizing…

NNR March 27, 2023

Wire

2023 would be another challenging year: IMF chief Kristalina Georgieva

The International Monetary Fund (IMF) managing director Kristalina Georgieva reiterated her view that 2023 would be another challenging year, with global growth slowing to below 3% due to scarring from…

NNR March 26, 2023

Wire

Block Inc. shares nosedive 19% after fraud allegations by Hindenburg Research

Shares of Block Inc., which operates through two segments: Square and Cash App., plunged 19% after short seller Hindenburg Research announced the payment company was its latest short position, alleging…

NNR March 23, 2023

Wire

Walmart is shrinking its workforce anticipating roughly flat or declining sales

Walmart is laying off hundreds of employees at e-commerce facilities across the country, as the largest private employer is shrinking its workforce as many retailers plan on roughly flat or…

NNR March 23, 2023

Wire

Bank of England hikes interest rates by 25 basis points to 4.25%

LONDON, UK: The Bank of England on Thursday hiked interest rates by 25 basis points as it grapples with persistent high inflation. The Monetary Policy Committee voted 7-2 in favor…

NNR March 23, 2023