Suez Canal expansion to be completed in July next year: SCA Chairman

The chairman of the Suez Canal Authority (SCA) reportedly said that the expansion project of the Suez Canal is likely to be finished in July 2023 following two years of work. After the Ever Given cargo ship ran ashore and jammed the waterw....

Volkswagen seeks to double the sales of its electric vehicles in China

Volkswagen is reportedly planning to ramp up its electric vehicle (EV) offense in the world's largest auto market, China in 2022. The announcement comes after the German automotive giant failed to miss out on its sales targets by a slig....

Tesla signs deal with Talon Metals for carbon-neutral nickel supply

Tesla Inc. has reportedly signed its first nickel supply agreement in the U.S., choosing Talon Metals Corporation’s Tamarack mining project in Minnesota. The automaker intends to manufacture the battery metal for the EV in a more envi....

Hexagon buys Minnovare to strengthen its 'mine solutions' portfolio

Hexagon AB, a global pioneer in digital reality solutions that combines sensor, software, and autonomous technologies, has announced the acquisition of Minnovare, a leading producer of underground drilling technology that enhances speed, co....

Audi India positive about recording double-digit sales growth in 2022

Audi India is reportedly expecting double-digit sales growth in India this year, despite concerns about the growing number of coronavirus infections in the country. Sources claim that the company has a few new products in the works, includi....

Governments to revamp COVID-19 testing policies as Omicron cases surge

Countries like Israel and Britain are reportedly looking to revamp their COVID-19 testing policies as they seek to alleviate the burden on testing labs and cope with low kit supplies amid surging infections due to the Omicron variant. Duri....

Samsung expects to record highest Q4 profit on solid server chip demand

Samsung Electronics Co. Ltd. is set to deliver a record Q4 profit due to strong demand for server memory chips and stronger margins in contract manufacturing, according to analyst estimates. Sources state that operating profit for the worl....

BMW India records highest growth in a decade; delivers 8,876 vehicles

BMW Group India has reportedly logged its highest growth in 10 years last year as it delivered 8,876 units of vehicles including both MINI and BMW models, along with 5,191 motorcycle units. Sources stated that 8,236 vehicles were sold under....

Belgium to buy 10,000 courses of Merck, Pfizer COVID-19 antiviral pills

Pfizer’s antiviral pill demonstrated a whopping 90% efficacy rate in preventing hospitalization and deaths. Merck’s molnupiravir has seen some setbacks after France canceled its order in December. Belgium has reportedly ag....

Israel approves fourth COVID-19 vaccine jab for elderly, medical staff

Israel PM Naftali Bennett recently announced that Israelis aged 60 and above, and medical personnel, can receive a fourth shot of the coronavirus vaccination as the region witnesses a spike in COVID-19 cases. The Pandemic Response Committe....

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