Business

The northern plains of the USA are largely shutting down ahead of a major winter storm that could dump up to 2 feet of snow in some areas. This storm will be accompanied by strong winds and dangerously cold temperatures. There were many…

After talks with industry representatives, Economics Minister Robert Habeck said in Berlin that Germany should increase state support for wind turbines and solar plants. "We have to strengthen the production capacities for renewable…

EDGE today unveiled 11 new innovative unmanned and autonomous solutions with enhanced capabilities for application across the air, land, and maritime domains on the opening day of the International Defence Exhibition and Conference (IDEX…

Pakistani businessmen are warning the government that if the import levy is not lifted, millions will lose their jobs. They are urging the administration to allow materials stuck at the Karachi port into the country. Steel, textile, and…

Through its new dedicated development finance arm, EIB Global, the European Investment Bank (EIB) will contribute $27 million to the Middle East Venture Fund IV (MEVF IV). Middle East Venture Partners (MEVP) has launched a new venture…

By 2023, Adidas could lose 1.2 billion euros ($1.3 billion) in revenue if it cannot sell its existing Yeezy stock. Adidas shares fell 11% around 9 a.m. London time following the news. “The numbers speak for themselves. We are currently not…

JPMorgan Chase & Co.'s CEO Jamie Dimon cautioned against declaring victory too soon against inflation, warning the Federal Reserve might raise interest rates above 5% if prices remain "sticky." Several Federal Reserve officials said…

Since taking over Twitter, the world's second-richest person Elon Musk has struggled to sell subscriptions. Musk took over Twitter in October, but subscriptions have been slow. He promised to revamp the company's subscription revenue…

Bloomberg News reported on Monday that Dell Technologies would eliminate about 6,650 jobs, or about 5% of its global workforce. This is as a result of the falling demand for personal computers. The company is experiencing market conditions…

According to central bank governor Riad Salameh, Lebanon will adopt a new official exchange rate of 15,000 pounds per U.S. dollar on Feb. 1. This represents a 90% reduction from the current official rate which has remained unchanged for 25…