Business

Guinness World Record is broken by Elon Musk’s $182 billion loss in net worth

A new position can be added to Elon Musk’s resume: holder of a Guinness World Record. In a release that cited data from Forbes, the organization announced on Friday that Tesla’s “Technoking” made it into the record books thanks to a disastrous 2022 in which his fortune decreased by $182 billion. Although “the exact figure […]

Business

The New Leader Is Turning UAE Into a Major Power Player

The UAE is itself a big network while the new president is converting the kingdom into a major power player. He is getting support from his most influential brothers which include Mansour bin Zayed al-Nahyan and Tahnoon bin Zayed al-Nahyan. They are working together to control billions of dollars that are sent for lobbying activities. […]

Business

Electric Verge TS Ultra motorcycle accelerates way too quickly

This motorcycle would have offended Howlin’ Wolf. It was not made to be comfortable. It is designed to move the body from a standstill to freeway speeds in the same amount of time as it took you to read this passage. The new flagship motorcycle, the $44,900 TS Ultra, is made by renowned electric bike […]

Business

Dario Bonanno’s “Blue Ocean” e-commerce and its extraordinary results

He currently lives in Lisbon and is the key symbol of the e-commerce business that brings extraordinarily fascinating results. This is the case of Dario Bonanno, a young boy who, dreaming big, managed to achieve one of his goals. It all started in 2016 when he opened his e-commerce where he sells torches and watches […]

Business

More than 18,000 employees will be laid off by Amazon

As the global economic outlook continues to deteriorate, Amazon says it will lay off more than 18,000 employees. A memo from CEO Andy Jassy that was distributed to employees indicates that a number of teams will be impacted, including Amazon Stores and the department of human resources. “Companies that last a long time go through […]

Business

The 400MWh BESS that Neoen is building is being built next to “Australia’s biggest solar farm”

Neoen, an independent power producer (IPP), has begun building its 200MW/400MWh Western Downs Battery in Australia’s Queensland. Last week, the French renewable energy company said that Tesla, the provider of the battery energy storage system (BESS), and UGL, the contractor for the balance of plant (BOP), had been given permission to proceed with the project. […]

Business

Tesla at last delivers its first Semi in production

Tesla delivered its first official production vehicle to Pepsi on Thursday during its “Semi Delivery Event” held at Tesla’s Nevada Gigafactory, five years after CEO Elon Musk unveiled his Semi, the electrified tractor trailer. 100 of the vehicles have been ordered by the beverage manufacturer. The Tesla Semi was first shown off in 2017 and […]

Business

Japan’s wholesale inflation is close to constant at 9.3% as commodity prices fall

On Monday, data showed that Japan’s wholesale prices increased by 9.3% from a year earlier. This was almost the same rate as the previous month and showed the first signs of an inflation peak in the midst of lower commodity prices around the world. Wholesale prices had increased annually for the 21st month in a […]

Business

Thoma Bravo agrees to acquire Coupa Software for $8 billion in the midst of the tech slump

Coupa Software Inc. (COUP.O) announced on Monday that Thoma Bravo, a buyout firm, has agreed to acquire the cloud-based business software company for $8 billion. After losing more than 60% of their value thus far this year, shares of Coupa rose 27% upon hearing about the transaction. Under the terms of the deal, Coupa shareholders […]

Business

PepsiCo intends to lay off hundreds of employees

PepsiCo is cutting hundreds of corporate jobs in North America. Employees of its Chicago food and beverage businesses will be affected by the layoffs; citing a memo from the company and people with knowledge of the situation, in Plano, Texas, and Purchase, New York. Gatorade drinks, Frito-Lay snacks, and Quaker Oats foods are all part […]