As rampant urbanization continues to encroach upon natural resources, water scarcity has become an increasingly pressing issue in urban areas all around the world. While climate change and other environmental factors are often cited as primary culprits, a new study is pointing the finger at another source of water depletion: the extravagances of the world’s … Read more
A recent survey conducted by the Pew Research Center has found that most Americans are not confident in how China’s top leader, President Xi Jinping, will handle world affairs. The survey, which was conducted in June and July of this year, also looked into American perceptions of China as a global superpower and its impact … Read more
Ford Motor Company has announced its plans to invest a whopping $1.3 billion in building an electric vehicle (EV) manufacturing hub in Canada. The move is part of the company’s efforts to ramp up its global electric vehicle production, increase its line of low-emission vehicles, and bolster the economy in Canada. The investment will be … Read more
In the face of economic uncertainty and a slowing global economy, Bitcoin has broken another record, passing the $30,000 mark on the CNBC Daily Open. As the COVID-19 pandemic continues to ravage the world and governments struggle to contain its impact, many investors are turning to the decentralized digital currency as a way to hedge … Read more
As we approach the midpoint of the year, the financial world is bracing itself for key inflation data and the beginning of earnings season. The stock market, which has been on a rollercoaster ride in recent months, appears to be surprisingly stable in the midst of these crucial economic indicators. Investors and traders alike are … Read more
Oil prices have been relatively steady in recent weeks as investors continue to weigh tighter supply conditions against concerns about global economic growth. OPEC+ has been successful in reducing production levels to support prices, but rising COVID-19 cases and renewed lockdown measures in some countries have cast doubt on the pace of demand recovery. At … Read more
Delhi police have filed an 800-page chargesheet in the Kanjhawala hit-and-run case after three months and 120 witness statements. The chargesheet outlines the alleged involvement of five people in the accident which led to the death of a 23-year-old man in December 2020. The accused have been charged with culpable homicide not amounting to murder, … Read more
Fanatics, a multi-billion-dollar retailer, is set to become the official uniform supplier for NHL teams, replacing Adidas. The move comes after a 12-year partnership between the NHL and Adidas, following a bidding process that saw Fanatics come out on top. Fanatics is known for its wide range of licensed sports merchandise, but this new deal … Read more
Swiss banking giants, UBS and Credit Suisse, are in the news for a potential mega-deal. According to reports from the Financial Times, UBS has reportedly made an offer to buy Credit Suisse for up to $1 billion. This comes at a time when the Swiss banking industry is experiencing major shifts and uncertainties, driven by … Read more
In the wake of the intense geopolitical tensions between the US and China, Joe Biden has disclosed that he plans to hold talks with Chinese President Xi Jinping shortly. The Biden administration seeks to prioritize diplomacy over conflict as the two nations navigate their differences, and the upcoming conversation between the leaders of the world’s … Read more