North Korean leader Kim Jong Un recently made headlines by using a Russian luxury limousine gifted to him by President Vladimir Putin. Kim’s sister, Kim Yo Jong, praised the car’s “special function” and highlighted the deepening ties between the two countries. The high-end Aurus Senat limousine was sent to Kim by Putin in February, a
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It is concerning to see that a company as prominent as Tesla had to settle a racist discrimination lawsuit involving one of its employees. The fact that a federal jury awarded $3.2 million in damages to Owen Diaz, a Black man who worked as an elevator operator at Tesla’s Fremont, California factory, raises questions about
Meal delivery firm Deliveroo recently reported a £31.8 million ($40.7 million) loss in its full-year results, which is a significant improvement from the previous year’s loss of £294.1 million. However, when adjusting for one-off costs related to exiting certain markets, the company’s adjusted earnings came in at £85.4 million, surpassing its earlier guidance and showing
In the current economic landscape, inflation is slowly easing its grip on most economies worldwide. As the world watches closely, investors are monitoring interest rate decisions, with many anticipating a series of rate cuts to occur this year. The Economist Intelligence Unit recently released a report indicating that while interest rates in most economies are
Boeing’s recent crisis surrounding its Max planes has caused a ripple effect on some of its biggest customers, prompting them to reconsider their growth strategies for the foreseeable future. The airline CEOs have expressed concerns about the ongoing quality control issues, slow production increases, and delays in the certification of new aircraft. Southwest Airlines, known
Japan recently avoided a technical recession as newly revised official data revealed that the economy rebounded in the October-December period of the previous year. Despite this positive turn of events, the upward revisions were not as strong as anticipated. While there was noticeable growth in capital expenditure, private consumption continued to show weakness, which contributed
Saudi Arabia’s state oil giant, Aramco, recently reported a 25% decline in profit to $121.3 billion in 2023. This is a significant drop from the $161.1 billion profit reported in 2022. Despite this decrease, Aramco has decided to boost its mega dividend payout to stakeholders and the Saudi government. The base dividend for the fourth
Artificial intelligence has long been associated with technology companies, but its benefits extend far beyond this sector. According to Nancy Tengler, the CEO and CIO of Laffer Tengler Investments, there are numerous opportunities in other industries to leverage AI for growth and profitability. While tech giants like Nvidia and Meta Platforms have seen significant gains
Apple recently approved Epic Games’ developer account in Sweden, allowing the company to establish a competing app store on iPhones in Europe under the new antitrust regulation, the Digital Markets Act. This move came after an email exchange between Epic Games CEO Tim Sweeney and Apple App Store chief Phil Schiller, where Sweeney accused Apple
The European Central Bank recently announced a lowering of its annual inflation forecast, aligning with the widely anticipated decision to keep interest rates unchanged. ECB President Christine Lagarde also noted that the market pricing for a potential rate cut in June was in line with the outlook of policymakers. It was revealed that staff projections