Tesla was almost 5 percent higher on the stock exchanges in New York on Thursday. Investors processed the quarterly figures of the electric car manufacturer, which turned out somewhat better than expected. Tesla saw profits more than double in the second quarter compared to a year ago but made […]
Business
Inflation has been soaring over the past few months in the UK as well as the U.S. and other countries. UK inflation has hit an astounding 9.1% as the Guardian reports, and consumers suggest that they are more concerned about the “negative impact of rising household bills on their personal […]
Tesla CEO Elon Musk believes an economic recession in the United States is likely. That said the richest man in the world in an interview with Bloomberg news agency at the Qatar Economic Forum in Doha. “A recession is inevitable at some point and a recession is likely to […]
TSMC, the largest chip manufacturer in the world, wants to start producing chips on a 2 nanometer process in 2025. It will therefore adopt the nanosheets technology for better performance. The technology, which TSMC itself describes as N2, promises up to 15 percent more speed or 25 to 30 […]
Tesla was 1.7 percent higher on the New York stock exchange on Thursday. Analysts at the Swiss bank UBS have become more positive about the electric car manufacturer. They think the share price may still rise more than 50 percent and increased their investment advice to buy. The indicators […]
A group of investors has sued billionaire Elon Musk in the United States. According to the investors, the owner of car maker Tesla, Musk did not disclose his investment on Twitter in time. Prosecutors say Musk should have disclosed in March that he had bought more than 5 percent […]
OPEC oil cartel has a “critical role” in tackling the global oil market tightness and lowering high energy prices. That is what the G7, the group of seven rich industrialized countries, said in a statement. OPEC and its allies, including Russia, will meet again next week to discuss the […]
China continues to ramp up investment in solar energy to increase the amount of renewable energy in the country. In the first four months of this year, investments in solar energy tripled. According to experts, this will continue for the rest of the year. Between January and April, the […]
Mercedes-Benz will focus more on expensive and luxury cars. According to CEO Ola Källenius, this gives the German car group the best opportunities to grow and to secure the jobs of employees in the longer term. The new strategic plans, which were presented on Thursday, include that fewer entry-level […]
About 88 percent of organizations previously attacked by ransomware would choose to pay ransom again in the next attack. This is evident from a study by security specialist Kaspersky. Among organizations that have never been ransomware victims before, only 67 percent would be willing to pay. They would also […]
