World news

World Environment Center Elects 2022 Board Officers

February 22, 2022 /3BL Media/ - The World Environment Center (WEC) Board of Directors has elected new Officers to lead the organization in 2022. The B...

Ukraine crisis: What Western sanctions mean for Russia?

The United States and its allies are considering a series of sanctions against Moscow in the wake of the Russian annexation of the two “breakawa...

Apple supplier Luxshare plans to raise US$2.1B for expansion plans

Highlights Apple supplier Luxshare plans to issue a total of 2.1 billion shares to up to 35 investors. The new share issue is subject to sharehold...

Crypto firm Amber Group gets a Temasek valuation of US$3B

Crypto firm Amber Group has bagged in a valuation of US$3 billion from investment company Temasek. Amber group has raised US$200 million in its recent...

Singapore Airlines becomes the first airline to sign the Global SAF...

Highlights Singapore Airlines has signed the Global Sustainable Aviation Fuel (SAF) Declaration. SIA has partnered with Safran, Airbus, and Rolls-...

WEC President & CEO Glenn Prickett Interview With Peter Schnurre...

February 14, 2022 /3BL Media/ - WEC President & CEO Glenn Prickett spoke with Peter Schnurrenberger, Chief SHE Officer at Roche, on the eve of his...

Ford Motor Co (F) mulls setting up EV manufacturing hub in India

Ford Motor Co (NASDAQ: F) may produce electric vehicles in India for exports, the company said on Friday, months after it announced the closing of ope...

Uber (UBER) to accept cryptos if exchange costs, climate issues reso...

 Highlights Uber said it will accept cryptocurrency in the future. It said the high transaction cost in the exchange makes it unviable fo...

Communicating On Purpose: How to Generate and Talk About Enduring So...

Not too long ago, I was approached by a major company eager to build its reputation as one of the “good guys.” Their CEO didn’t top...

Space storm gobbles up 40 Elon Musk's SpaceX satellites

Highlights SpaceX’s Starlink satellites were launched on February 3 from Florida’s Kennedy Space Center. According to scientists, the...

Biden backs Australian Tritium's move to build EV charging plant in...

Australian EV startup Tritium is set to build a new production plant in Tennessee, US in the upcoming months. Tritium’s new plant in the US will...

Tritium (NASDAQ:DCFC) shares zoom 40% on US expansion plans

Highlights DCFC plans to launch a new manufacturing facility in the US. Tritium stocks closed at US$9.54 each on Tuesday. The news came within a...

Amazon hikes base salary for its employees to $350,000

Highlights  Amazon Inc. announces its decision to more than double the maximum base salary it pays to its employees to US$350,000. In its fou...

Meta (FB) builds shield after avatars ‘harass’ proxies in metaverse

Highlights Some users have faced harassment on Meta’s Horizon network, its virtual reality platform. The protective function will be turned...

Frontier Group (ULCC) to acquire Spirit Airlines for US$6.6 billion

The Colorado-based airline holding company, Frontier Group Holdings, Inc (NASDAQ: ULCC), is acquiring its rival Spirit Airlines Inc. (NYSE: SAVE) for...

Ørsted Appoints the Next Group CFO

Today, Ørsted’s Board of Directors appointed Daniel Lerup as the next Group Chief Financial Officer (CFO) and member of Ørsted’s Executive...

Can Fed rate hikes impact emerging markets?

Highlights Kristalina Georgieva, managing director of the IMF, recently said interest rate hikes by the Fed could have an impact on global recovery...

Volvo, Northvolt to build US$3.3-bn battery gigafactory in Sweden

Highlights The plant’s construction, which includes an R&D center, will begin next year. The batteries for Volvo and Polestar models are...

Is Meta Platforms’ (FB) US$250-bn loss biggest wipeout in US history...

Highlights Meta Platforms, Inc. (FB) lost around US$250 billion in market value in a single day.   The Dow Jones US Technology Total Stoc...

Snap Inc (NYSE: SNAP) nixes iPhone privacy fears - answer to Meta wo...

Highlights Snap Inc forecasts revenue of US$1.03 billion to US$1.08 billion in Q1, FY22. It expects daily active users to be in the range of 328 m...