December2022
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TuSimple Holdings Inc plans to potentially cut half of its workforce next week, WSJ reported
Dec 18, 2022Self driving trucking company TuSimple Holdings Inc plans to potentially cut half of its workforce next week, WSJ reported. The job cut would likely affect at least 700 employees, the report said citing people familiar with... -
Taiwan government to fine Foxconn for an unauthorised investment in a Chinese chip maker
Dec 18, 2022Taiwan’s government said on Saturday it would fine Foxconn, the world’s largest contract electronics maker, for an unauthorised investment in a Chinese chip maker even after the Taiwanese firm said it would be selling the stake.... -
The World Bank announced a $2 billion package to support Ukraine’s private sector
Dec 18, 2022The World Bank on Thursday announced a $2 billion package to support Ukraine’s private sector, in a bid to help pave the way for reconstruction amid the devastation resulting from Russia’s invasion. The latest package by... -
Industrial production in the United States slumped in November with “broad based” decreases
Dec 18, 2022Industrial production in the United States slumped in November with “broad based” decreases, the Federal Reserve said Thursday, as output for bigger-ticket consumer products and manufacturing fell. While tangled supply chains and surging costs which weighed... -
The Bank of England on Thursday hiked its interest rate to the highest level in 14 years
Dec 18, 2022The Bank of England on Thursday hiked its interest rate by half a point to 3.5 percent, the highest level in 14 years, in a bid to cool sky-high inflation. The increase was the BoE’s ninth... -
International Monetary Fund approved a $3 billion loan to Egypt
Dec 18, 2022The Executive Board of the International Monetary Fund on Friday approved a $3 billion loan to Egypt, with an immediate disbursement of $347 million, the IMF said in a statement. Egypt will benefit from the loan... -
US Energy Department announced plan to add oil back to SPR after a historically large release undertaken by Biden
Dec 18, 2022The US Energy Department announced Friday a plan to add oil back to the Strategic Petroleum Reserve (SPR) after a historically large release undertaken by the Biden administration. The policy marks a significant shift after President... -
The temperature on the Soyuz capsule docked at the International Space Station risen
Dec 18, 2022The temperature on the Soyuz capsule docked at the International Space Station has risen but the crew are not in danger, the Russian space agency said Friday as it assesses a leak. Roscosmos said a number... -
British Council holds LEAD Bangladesh Leadership Symposium
Dec 18, 2022The British Council, in partnership with Civil Society organizations, has recently organized a Leadership Symposium under its ‘Leadership for Advancing Development in Bangladesh (LEAD Bangladesh)’ project. LEAD Bangladesh aims to empower young people in Bangladesh as... -
realme brings ‘Safeguard Service’ to provide after-sales service
Dec 18, 2022realme has recently brought in ‘Safeguard Service’ to ensure a seamless after-sales service for realme users. realme has come up with this service to provide a hassle-free and comfortable smartphone experience for users after purchasing realme...
