News

Faraday Future has delayed production again

EV (electric vehicle) startup Faraday Future has delayed production of its FF91 flagship electric vehicle which can be attributed to money and supply chain issues. The company made it clear that they are experiencing challenges within their business. This is...

Mailpac will partner with VirtualMart to improve grocery delivery

Mailpac Local, the staple conveyance arm of Mailpac Group Limited (MAILPAC), has gone into a functional association with VirtualMart to execute the obtaining and conveyance of food and family things from its Mailpac Local site. The association will see the...

Blue Power merges with rival to boost sales and expand operations

Blue Power Group Limited (BPOW) invested more than $124.5 million to expand its soap-making plant and machinery during the first quarter of this year. During this period, they also acquired another competitor in order to utilize the resources that...

Snap stock is down nearly 40%

Social media conglomerate Snap is experiencing a meltdown due to poor Q2 earnings. The stock price is down nearly 40% for the day. Investors are currently skeptical about the company’s future performance. After closing just below $16.50 yesterday, their stock...

Chinese chip maker is innovating despite US sanctions

China’s largest chip maker, Semiconductor Manufacturing International Corp. has improved its chip technology. SMIC’s will soon be rolling out 7-nanometer semi-chips which are way ahead of their established chips which are 14nm. Within the space of chip technology, narrower transistor...

Tesla sells 75% of its bitcoin stake as it braces for crypto winter

Elon Musk clearly isn't attempting to hodl Tesla's bitcoin during a crypto winter. During the organization's Q2 profit report, the electric vehicle organization uncovered it has sold 75% of its Bitcoin property this quarter. The organization sold the coins for...

Wigton is looking to expand into other alternative energy opportunities as profits dwindle

Wigton Windfarm Limited (WIG) is undergoing immense changes within the company as it looks to expand into other markets that might prove to be lucrative for the company. Wigton Windfarm Limited started as a company that focuses primarily on wind...

Debt trapped diplomacy and lessons for smaller nations

Over the last couple of months, we have seen cracks starting to get wider and deeper within the global economic system. One of the main poster children of such a catastrophe is Sri Lanka. Sri Lanka could be seen...

Three Arrows Capital owes $3.5 billion to creditors due to bankruptcy

Three Arrows Capital (3AC) owes an incredible $3.5 billion to 27 unique organizations — including Blockchain.com, Voyager Digital, and moneylender Genesis Global Trading — as per court records. The subtleties come from oaths depicting subtleties of the insolvency and liquidation...

KPREIT partners with Apex Development Group to acquire properties in Atlanta

Kingston Properties Limited (KPREIT) and outside foreign investors have procured one more property in the cutthroat American market under a US$12.7 million arrangement. To execute the exchange, KPREIT, through entirely possessed auxiliary Kingston Properties Miami LLC, went into one more...
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Twitter Rebrands to ‘X’

In a surprise move, Elon Musk has rebranded Twitter as "X." The change was announced on Sunday, and the...
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