U.S. stocks surge, oil prices drop as markets weighed mixed signals

According to reliable sources, U.S. stocks surged, and oil prices dropped recently amid mixed signals among investors about economic growth data and corporate earnings. Even Wall Street’s primary stock indexes were unsteady during mor....

Bluebird Nordic to add 25 units to its Boeing B737-800 fleet by 2024

Iceland-based cargo airline Bluebird Nordic plans to go big with the announcement of expanding its existing B737-800 aircraft fleet through the addition of 25 units by the end of 2024. The move is likely to be a game-changer for the company....

BEST-Cainiao extend partnership to service more South Asian countries

Chinese integrated smart supply chain and logistics solutions provider BEST Inc. has launched its direct logistics service to deliver parcels from China to Vietnam, Thailand and Cambodia. The e-commerce services will be managed in partnersh....

Federal Reserve confirms U.S. economic recovery despite COVID-19 surge

The U.S. Federal Reserve in its recently issued policy statement that remained upbeat and mentioned continued discussions about the ultimate withdrawal of monetary policy support stated that the country’s economic recovery is still on....

Tesla’s highly awaited cybertruck to face production delays until 2022

This EV pickup truck has an unorthodox design and boasts a formidable range of over 400 kms. The Cybertruck production is likely to commence in Tesla’s Texas Gigafactory. The Tesla Cybertruck was first debuted in November 2019 an....

Rivian to open a second assembly plant through USD 5 billion investment

The new plant, which is called the “Project Tera” will be launched in the U.S. Rivian expects to create around 10,000 job opportunities with the new assembly plant. American electric vehicle maker Rivian Automotive LLC has....

GOAT Brand Labs secures USD 36 million in Series A funding round

Apparel-centric platform GOAT Brand Labs has reportedly raised USD 36 million in its first funding round that was led by Flipkart Ventures, Tiger Global Management, and Mayfield. The new funds involve a mix of equity and debt. Other invest....

French lawmakers approve a bill to deal with fourth wave of Coronavirus

The French parliament recently approved a bill that makes Covid-19 vaccination mandatory for health workers along with a requirement of an approved health pass in several social public places amid the fourth wave of coronavirus infections i....

China scraps WHO’s plans for 2nd phase of Covid-19 origin study

The World Health Organization’s plan for a deeper probe into the origin of the coronavirus was recently rejected by the Chinese government as the possibility of the virus leaking from the Wuhan lab was a part of the proposal. Vice Mi....

Suzuki and Daihatsu planning to join Toyota’s electrification venture

Japanese automakers Suzuki Motor Corp. along with Daihatsu Motor Co. Ltd. are joining the commercial EV coalition led by Toyota Motor Corp. to launch electric vehicles by providing small affordable cars by 2025. For those unaware, the Comm....

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