Britain ditches EU trade system, unveils new trade strategy for developing countries
In the spirit of Brexit, Britain has decided to ditch the EU's Generalized System of Preferences and devise its own trade system for dealing with developing countries.
Why Europe's energy bills keep climbing
As global issues such as the ongoing war in Ukraine and supply chain issues continue to put stress on the global economy, energy prices in Europe continue to climb.
US lawmakers request briefing on federal regulators' Tesla safety probes
Two U.S. lawmakers are requesting that the federal auto safety regulator release a briefing on the probes that investigated crashes involving Tesla vehicles on autopilot.
Big pharma sick as the US moves to negotiate drug prices
After a record-breaking year of lobbying, Big Pharma walks away empty-handed as the Senate passes a bill allowing the U.S. government to negotiate drug prices.
EV startup Fisker to ramp up production in 2023, exploring US manufacturing
Electric vehicle startup Fisker Inc. stated this Friday that they are looking to ramp up manufacturing in 2023, and are exploring U.S. manufacturing.
Dutch authorities arrest suspected developer of Tornado Cash, platform supposedly used to launder billions
Cryptocurrency mixing platform Tornado Cash has been shut down and slammed with sanctions by the U.S. government after the platform was accused of being used for money laundering.
China's CATL set to open $7.6 billion battery manufacturing plant in Hungary to supply BMW and Mercedes
China's CATL is set to build a $7.6 billion battery manufacturing plant in Hungary, making batteries for electric vehicles for BMW and Mercedes.
Ukraine receives 2-year debt freeze from overseas creditors
Ukraine has been granted a gracious two-year debt freeze from their overseas creditors such as BlackRock Inc, Fidelity International, and Amia Capital in order to avoid a debt default.
A2 Milk's request to sell baby food deferred by FDA, stock price falls over 12%
A2 Milk Company Ltd announced Wednesday morning that the U.S. Food and Drug Administration has deferred its request to sell infant milk formula in the United States.
Blockchain bridges fall under fire after suffering multiple hacks recently
After suffering multiple major hacks recently, blockchain bridges, which enable coins to move between different ecosystems, have come under heavy scrutiny.
Germany faces possible $265 billion loss in added value as a byproduct of war and high energy prices
The German economy is positioned to possibly lose 260 billion euros by 2030 due to the war in Ukraine and surging gas prices, which would spell disaster for their economy.
US to buy Siga Technologies Inc's antiviral drug Tpoxx for $26m to fight monkeypox
The U.S. government is set to buy Siga Technologies Inc's antiviral drug Tpoxx, which was created to treat smallpox but has also been shown to combat monkeypox.
Tesla announces lobbying efforts to build 'advanced manufacturing facility' in Canada
Tesla has disclosed that they are currently lobbying the Canadian Government to build a massive "advanced manufacturing facility" in the country, and have 10-12 total worldwide.
COVID outbreak at Japanese Toyota factory causes production to slow
A COVID outbreak at one of Toyota's Japanese factories has led to night shift production being shut down. This comes after a slow second quarter for Toyota.
Russian airlines start stripping old jets for parts as sanctions continue
Sanctions against Russia have made it impossible for them to acquire jet parts from abroad or undergo repairs in the West, which has led to Russia stripping old jets for parts.
Chinese companies distance themselves from Taiwan after Pelosi trip fallout
Chinese companies are desperately trying to distance themselves from Taiwan after Nancy Pelosi's trip to the country, which sparked Chinese military drills on the border.
Palantir shares drop by 15% after lowering their expected revenue forcast
One of the largest software companies in the U.S., Palantir, saw their shares plummet by15% Monday morning after the release of their less than expected earnings report.
Qualcomm and GlobalFoundries sign agreement to double chip manufacturing
Qualcomm and GlobalFoundries signed an agreement this week to more than double their chip manufacturing as the U.S. Senate approves $52 billion in chip manufacturing subsidies.
Dorsey-led Block Inc. sees share prices fall as crypto winter sets in
Dorsey-led Block Inc. saw share prices drop nearly 7% premarket after a disappointing earnings report, dragged down by the company's massive bet on Bitcoin as "crypto winter" sets in.
Eastern Europe's economic boom falters as inflation reaches double digits in the region
After the Russian invasion of Ukraine, western Europe's economy faltered, while eastern Europe's economy continued to boom. This is changing as inflation reaches double digits in the region.