World Business
Northvolt to Lay Off 1,600 Employees, Cutting Workforce by 25%
September 23, 2024
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
September 20, 2024
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
September 19, 2024
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
September 18, 2024
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
September 10, 2024
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
September 5, 2024
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
September 4, 2024
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
September 4, 2024
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
September 3, 2024
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
August 27, 2024
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…