Federal Reserve increases interest rates amidst US banks’ failure

Despite the instability in the global financial market, the U.S. central bank has hiked its interest rates once again. The Federal Reserve has reportedly increased its rate by 0.25 percentage points. While the institution has warned other b....

Apple delays employee bonuses, stops hiring amid cost-cutting efforts

Apple has reportedly decided to delay the bonuses of certain divisions, alongside a halt on new hiring as part of its efforts to cut back costs. With this move, the firm joins its peers in Silicon Valley in trying to optimize workload durin....

China focuses on growth of renewable energy usage amid coal boom

China is making rapid progress in limiting the emission of carbon by focusing on the expansion of renewable energy. According to the Global Energy Monitor, in 2022, China has approved its highest number of new coal-fired plants since 201....

China factories expand production, record fastest pace in the decade

China’s manufacturing activity has reportedly shown rapid growth at the fastest pace of the decade, following the lifting of the COVID-19 restrictions in late 2022. The country’s official purchasing managers’ index (PMI) r....

Amazon employees sound off on recent work from office policy

Amazon employees have reportedly expressed disagreement about the company recent mandates asking employees to return to office for work. This included the spamming of an internal website with messages of opposition against the new policy. ....

U.K.’s high-end supermarket Waitrose to slash prices of own-brand basics

Waitrose, the most luxurious supermarket in the U.K., has reportedly announced that it has cut down prices of its own-brand basics as the customers are being crushed by the cost of living crisis. The high-end grocer's Essential line ....

Google removes feature that showed playable podcasts in search results

Silicon Valley tech giant, Google, has reportedly confirmed that it is suspending a feature that enabled users to immediately access playable podcasts from Google's search results in favor of presenting podcast recommendations. The f....

Google Fi confirms data breach, leaking millions of customer’s data

Google Fi, Google's cell network operator, has reportedly revealed a data breach, which is most likely related to the T-recent Mobile's security disaster, which allowed hackers to leak millions of customers' personal information....

European semiconductor giant ASML forecasts a sales surge for 2023

Dutch semiconductor company ASML has reportedly forecast a revenue jump for the year 2023 as the global semiconductor industry anticipates a reacceleration of growth during the second half of this year. According to the firm, its net sal....

Pacific Island pushes Japan to delay wastewater release from Fukushima

Pacific Island nations have reportedly pushed Japan to postpone the release of Fukushima nuclear power plant wastewater due to concerns that it may pollute fishing grounds. An appeal was made on Wednesday when Japan announced that treate....