Telefonica S.A. is planning to increase its investments in Israel’s high-tech sector this year, a senior official reported recently. The company, which is Europe’s third-largest telecommunications company, is also eyeing the cou....

Harley-Davidson Inc. reportedly saw a downturn in profit for the first quarter, owing primarily to chip shortages and rising costs despite an uptick in sales. The company's stock price was down 1.2%, trading at USD 36.20 on the New York....

Mercedes-Benz Group AG is reportedly expecting high demand for luxury cars to offset transport and raw material costs with elevated prices as well as estimating a pick-up in deliveries once the semiconductor chips shortage eases. Harald ....

The Bank of Canada has announced that the Canadian dollar will continue to be at the center of the financial system instead of cryptocurrency. The revelation comes as a response to the opposition Conservative party’s candidates' c....

Global military spending reportedly reached USD 2.1 trillion in the year 2021, with the U.S., China, and emerging as the three largest spenders, according to a report from SIPRI (Stockholm International Peace Research Institute). The rep....

Bayer AG, a German pharmaceutical company, is likely to receive public backing from Norway's wealth fund, which is worth USD 1.3 trillion. However, the sovereign wealth fund will not support CEO Werner Baumann's financial compensati....

World Bank has revealed that the Philippines is estimated to have the bandwidth to install 21 GigaWatt (GW) of offshore wind turbines by 2040, which will be tantamount to nearly a fifth of the country's supply of electricity at the time....

Rolls-Royce has reportedly fabricated a mini nuclear reactor for which it is hoping to get complete authorization from the U.K. by 2024. According to the chairman of Rolls-Royce Small Modular Reactors, Paul Stein, this nuclear reactor will ....

China is reportedly observing a massive surge in COVID-19 cases with around 3,297 confirmed incidents even though strict lockdowns were issued in several parts of the country. The crisis arose because of locally transmitted cases, most nota....

The NYPD has also ordered over 200 Tesla Model 3 vehicles to add to its EV fleet. The city plans to install 10 high-speed EV chargers in LaGuardia that would charge the vehicle in less than 30 mins. In a move to create a more environ....