The Israeli government has approved to give Intel a $3.2 billion grant for its upcoming $25 billion chip plant in southern Israel.
Industry
Online Retailer Zulily Is Closing Down, Laying Off Hundreds of Workers
US-based online retailer Zulily has announced its closure, surprising its customers and hundreds of employees who will be laid off.
Russia's Sokol Oil Delivery to India Faces Delay: Here's Why
The delivery of Russian Sokol grade crude oil to the Indian Oil Corp has faced a delay. The delivery of Russia's Sokol crude oil to the Indian Oil Corp (IOC) has reportedly faced a setback due to payment issues, causing shipment delays.
2 Cities in China Halt Heavy Industries to Combat Pollution
Two cities in northwestern China have implemented preventive measures to address an anticipated heavy pollution surge in the coming days.
US Buys 3 Million Barrels of Oil to Replenish Strategic Reserve
The United States has successfully finalized contracts to buy three million barrels of oil to help replenish the Strategic Petroleum Reserve (SPR) following last year's record-setting sale, the US Department of Energy disclosed.
Latest News
Russia is reportedly grappling with a significant shortage of workers, with a deficit of around 4.8 million employees this year.
Shipping giant Maersk has announced its readiness to resume sailing through the Red Sea following the launch of a US-led multinational naval operation.
China's announcement of draft rules aimed at curbing spending in online games and restricting incentives that encourage prolonged online engagement resulted in an $80 billion market selloff.
Cryptocurrency exchange Coinbase has successfully secured registration with France's financial markets regulator, paving the way for the US-based company to offer crypto services in the French market.
Sportswear giant Nike has unveiled plans to slash costs by approximately $2 billion over the next three years.
Russia's President Vladimir Putin has issued decrees granting the government to seize and forcibly sell multi-billion-dollar energy assets from European companies considered "unfriendly" to new state-approved owners.
Warner Bros. Discovery and Paramount Global are reportedly in early talks about a potential merger. Warner Bros. Discovery and Paramount Global are reportedly in early talks about a potential merger.
Following a series of attacks on ships in the Red Sea by Iranian-backed Houthi militants, shipping giants Maersk and Hapag-Lloyd have rerouted their vessels, opting for the longer Cape of Good Hope route in South Africa.
Financial tech company Affirm has announced its expansion of services with Walmart to bring the company's flexible pay-over-time options to self-checkout kiosks in over 4,500 of the retailer's US stores.
