World Business

Northvolt to Lay Off 1,600 Employees, Cutting Workforce by 25%

Northvolt to Lay Off 1,600 Employees, Cutting Workforce by 25%

Northvolt, the Swedish battery manufacturer, has announced plans to cut 1,600 jobs, accounting for 25% of its workforce. This decision…
Businessman Extradited from UK to South Africa Over Fraud Charges

Businessman Extradited from UK to South Africa Over Fraud Charges

A British businessman and former contractor for South Africa’s struggling power utility Eskom has been extradited from the UK to…
China Slaps PwC with $62 Million Fine for Evergrande Collapse Role

China Slaps PwC with $62 Million Fine for Evergrande Collapse Role

Chinese regulators have imposed a six-month business suspension and a record fine of 441 million yuan ($62 million) on PwC’s…
Google Celebrates Legal Win as €1.49 Billion Fine is Overturned

Google Celebrates Legal Win as €1.49 Billion Fine is Overturned

Google has successfully challenged a €1.49 billion (£1.26 billion) fine imposed by the EU for allegedly blocking rival online search…
EU Orders Apple to Pay €13 Billion in Back Taxes

EU Orders Apple to Pay €13 Billion in Back Taxes

The European Court of Justice (ECJ) has ordered Apple to pay €13 billion (£11 billion; $14 billion) in back taxes…
Volvo Backtracks on All-Electric Target, Admits Hybrids in 2030

Volvo Backtracks on All-Electric Target, Admits Hybrids in 2030

Volvo Cars, the Swedish luxury automaker, has abandoned its ambitious goal of producing only fully electric vehicles by 2030.The company…
Nvidia Slides 10% Amid Market Decline

Nvidia Slides 10% Amid Market Decline

UK shares fell on Wednesday morning, following declines in Asian and US markets amid growing concerns about the global economy.…
Complaints About Fraud and Scams Hit Six-Year High

Complaints About Fraud and Scams Hit Six-Year High

Complaints regarding fraud and scams have surged to a six-year high, with 50% of these issues related to bank transfers,…
Former Volkswagen Chief on Trial for Role in ‘Dieselgate

Former Volkswagen Chief on Trial for Role in ‘Dieselgate

After multiple delays, the criminal trial of former Volkswagen CEO Martin Winterkorn has commenced in Germany, marking a significant development…
Zuckerberg Admits White House Pressure, Promises Future Pushback

Zuckerberg Admits White House Pressure, Promises Future Pushback

Meta CEO Mark Zuckerberg has acknowledged that the Biden administration pressured the social media platform to suppress content related to…