Electric vehicle (EV) sales hit a record high in 2021, accounting for 10 percent of all…
Category: Global Business News
Airbnb Pulls Out Of China, Will Now Focus On Outbound Tourists
The company will stop representing short-term rentals in the country from July 30. BEIJING (AP) —…
Crypto meltdown deepens as stablecoin Tether drops below dollar peg
The meltdown in TerraUSD, one of the world’s largest stablecoins, sent shockwaves through cryptocurrency markets on…
How Much Do TikTok Beauty Influencers Make For Sponsored Content?
Four creators share exactly how much they get paid, and what’s expected of them. Love it…
Russia’s war heats up cooking oil prices in global squeeze
ISTANBUL (AP) — For months, Istanbul restaurant Tarihi Balikca tried to absorb the surging cost of…
Indonesia’s Palm Oil Export Ban Leaves Global Buyers With No Plan B
Global edible oil consumers have no option but to pay top dollar for supplies after Indonesia’s…
The Edsel, Quibi and CNN+? New addition to business failures
NEW YORK (AP) — The Edsel. Quibi. New Coke. The Segway. DeLorean sports cars. The pantheon…
European Central Bank faces pressure from record inflation
The head of the European Central Bank could drop more hints Thursday about when the bank…
East African oil pipeline hits the headwinds
MOMBASA, Kenya (AP) — Climate activists — including influential campaigners Vanessa Nakate and Hilda Nakabuye —…
S&P downgrade indicates Russia headed for historic default
BOSTON (AP) — The credit ratings agency Standard & Poor’s has downgraded its assessment of Russia’s…