Economy

President Biden To Provide $3.1b To Support Domestic Production Of EV Batteries

The Biden administration on Monday announced it’s committing up to $3.1 billion to support the domestic production of EV batteries.…

4 years ago

China’s Industrial Profits Soar In Q1, Restrictions Persist In Major Cities

Chinese industrial profits grew in the first quarter despite COVID-19-related headwinds that cuffed major cities in the country.  Data released…

4 years ago

Canadians Are Spending 30% More Than Pre-Covid: New Report

According to a new report, Canadians spend 30 percent more than they did before the COVID-19 pandemic which started over…

4 years ago

2021 Canadian venture capital Disbursements Hit $13.58b, US Investors Behind The Rise

In a recent report published by PitchBook, a financial data and software company, venture capital investment in Canadian startups surpassed…

4 years ago

Taiwan’s Biggest Offshore Wind Farm Generates First Power, Project Expected To Meet The Needs Of 1 Million Households In Taiwan

Danish offshore wind developer Orsted has successfully generated the first power from the Greater Changhua offshore wind project in Taiwan.…

4 years ago

China’s Zero-Tolerance Covid-19 Policy Hits Shanghai, Country’s Q1 GDP Soars

Despite Omicron Variant’s less lethal nature, China has continued imposing stricter measures to combat the virus from spreading. These curbs,…

4 years ago

Intel To Ramp Up Chip Production With The Expanded R&D Factory In Oregon

Monday marked the day of a grand ribbon-cutting ceremony for Intel as the company opened its latest expansion of the…

4 years ago

WarnerMedia, Discovery Complete Merger, Become Warner Bros Discovery

WarnerMedia unit and Discovery Inc have completed their merger, the companies announced Friday. The resultant company to be named Warner…

4 years ago

Volvo Cars’ March Sales Fall 22%, Hit By ‘Lack Of A Specific Type Of Semi-Conductor’

Volvo Cars recorded 58,677 sales in March down from 75,315 in the same month last year representing a 22% decline…

4 years ago

Vietnam’s VinFast Signs Preliminary Deal To Invest $2B In North Carolina EV Plant

Vietnam's new automaker VinFast, under Vingroup, said on Tuesday it will invest $2 billion in building its first US factory…

4 years ago