While the big five oil companies registered record profits on the back of the energy crisis, relatively little will be reinvested in renewables as climate goals are slashed. Oil and gas giant Shell last week announced a historic...
It could be the biggest revolution in the aviation industry since the invention of the jet engine, but there is still much in the way before electric passenger planes before take to the skies. What...
The European Central Bank (ECB) has raised deposit interest rates by half a percentage point to 2.5%. The move comes despite slowing inflation in the eurozone. The European Central Bank on Thursday announced a large...
Silicon Valley firms are facing the music, cutting several hundred thousand jobs after years of incredible growth. Economists are divided over whether the US economy is heading for recession and soaring unemployment. First a trickle,...
With the help of German auto giants, Slovakia has become a hub for car manufacturing, making more cars per capita than any other country in the world. But will it survive the end of the...
The US tech giant has announced it will invest billions into developing artificial intelligence applications. Microsoft is planning to integrate OpenAI technology into its own sofware. Microsoft on Monday announced it is extending its partnership with...
Google parent Alphabet said that the layoffs were due to a “changing economic reality” and that hires had been made during times of growth. The move follows similar cuts at Microsoft, Amazon and Twitter. Google...
Sweden’s state mining company said it found vast amounts of rare earth minerals in a town in northern Sweden, which has the world’s largest underground iron ore mine. Rare earths are used for manufacturing electric...
Chinese businessman Jack Ma is to cede voting rights at the Ant Group in an overhaul prompted by a government crackdown. Ma has largely disappeared from view after criticizing the regulation of tech companies in...
The giant retailer said it had “hired rapidly” over the past few years. It also cited the “uncertain economy” as a reason for its latest round of job cuts. Giant retailer Amazon announced on Wednesday...
Record inflation, high debt levels and weak currencies sent the cost of living soaring in many parts of sub-Saharan Africa throughout the year. When Richard Gbewornyo graduated as a videographer in Accra, he was ready to...
As the EU tries to finalize its hydrogen rules, Asian countries are moving fast to secure deliveries and the US is committing money to set up local supply chains. Can the Middle East collaborate with...
