Oil price rises as markets ignore the US plans to curb energy prices

Oil prices reportedly continued to surge as the market ignored US President Joe Biden's proposals to curb soaring energy costs that have fueled inflation. After increasing 3% on Wednesday, West Texas Intermediate crude oil for Decemb....

FedEx to stop developing its last-mile delivery robot Roxo

FedEx, the US-based transport giant, has reportedly decided to stop further development of Roxo, its last-mile delivery robot, with the firm confirming that it plans to shift its focus away from the robot and work on short-term goals. Ro....

Singapore & Vietnam to work on renewable power, carbon credit projects

Singapore and Vietnam have reportedly signed a new agreement on Monday that allows the two nations to trade renewable power and collaborate on carbon credit projects. Singapore’s President Halimah Yacob and Vietnamese President, Ng....

Oil prices bounce back after hopes of better fuel demand in China

Oil prices reportedly surged after China extended liquidity measures to aid its pandemic-ravaged economy, raising expectations for a stronger future for fuel demand from the largest crude importer in the world. After falling 6.4% the pre....

Yen falls to 147.66, hitting a record 32-year low against US dollar

The Japanese yen has reportedly dropped to a 32-year low versus the US dollar as official data revealed that prices in America rose faster than anticipated. Before reclaiming some ground, the yen dropped to 147.66 against the US dollar. ....

UK: Royal Mail workers begin their 1st day of strike over pay dispute

Royal Mail, the UK-based postal services company, has reportedly begun the first of nineteen strikes in a dispute over wages and conditions. On Thursday, beginning at 4:00 BST, 115,000 members of the Communication Workers Union (CWU) in ....

Chipmaker Intel’s plans to cut thousands of jobs puts Ireland on alert

Intel, the renowned US-based semiconductor company, has reportedly announced plans to cut thousands of jobs to handle the weakening PC market and reduce costs, as per sources. The firm intends to make the change at the same time as its t....

GM launches GM Energy to connect homes and businesses with EV chargers

General Motors, the renowned American automotive company, is reportedly launching a new business venture to provide electric vehicle chargers, solar panels, stationary battery packs, as well as other energy-management equipment for business....

Asian chipmakers’ share drops after the US imposes new curbs on China

Shares of key Asian computer chipmakers have reportedly plummeted as the United States announced new restrictions regarding technology sales to China. According to the US, American companies will not be allowed to sell specific chips use....

Cutting oil production while energy costs rise is unwise, warns Yellen

The US Treasury secretary, Janet Yellen, has reportedly issued a warning amid pressure from soaring inflation that decreasing oil production at a time of rising energy costs is useless and unwise for global economic growth. Ahead of the ....