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 ....

Samsung’s earnings to slump by 32% as demand for memory chips shrinks

Samsung Electronics, the leading South Korean technology company, has reportedly warned that the global economic slowdown will result in a 32% decline in company profits as demand for electronic devices as well as memory chips declines. ....

Twitter rolls out a feature to post videos, images & GIFs in one tweet

Twitter, the American social media company, has reportedly launched a new feature where users can post videos, images, and GIFs in one tweet. Up until this point, the network just let users publish a single type of media file, such as mu....

OPEC+ cuts oil production by 2M barrels/day, US calls it shortsighted

OPEC+ or the organization of the petroleum exporting countries has reportedly decided to reduce oil output, curtailing supplies in an already constrained market and setting off one of its largest conflicts with the West. The U.S. government....

Australian Telstra suffers data breach two weeks after Optus attack

Telstra, the largest telecoms company based in Australia, has reportedly suffered a small data breach, an announcement that comes almost two weeks after the major rival Optus got hit by a huge cyber-attack. The country's biggest tele....

Amsterdam’s Talk360 raises extended funds, bringing the total to $7M

Talk360, the Amsterdam-based international calling app, has reportedly secured another $3 million in a seed round, apart from the $4 million seed capital obtained by the firm in May 2022, bringing the overall seed investment secured by the ....

S. Korea: Govt plans to hike energy rates may impact local businesses

Local businesses are reportedly expected to face worse business conditions in the upcoming months, driven by the government's intention to raise industrial electricity rates, inflation, severe devaluation of the won against the dollar, ....

SoftBank’s Vision Fund to lay off 30% of staff, about 150 employees

The Vision Fund, the venture capital division of the Japanese multinational conglomerate SoftBank, has reportedly launched a layoff process where it is planning to cut approximately 30% of its global workforce or around 150 of the total 500....