Tag: May 2022
Austria’s President Seeks Reelection After Turbulent Term
Austrian President Alexander Van der Bellen, a 78-year-old former Green Party leader, has indicated that he will run for re-election to a second six-year...
EV battery Costs Could Spike 22% by 2026
The automobile industry has been in a supply crisis since the COVID-19 pandemic. As a result, car manufacturers are forced to reduce production due...
Saudi Arabian Airline Operated First Flight With All-female Crews
Flyadeal, a subsidiary of Saudi Airlines, recently operated a flight with female crews. Officials said the airline saw the decision as a milestone in...
Egypt Expects Suez Canal Revenues to Hit $7B by 2022
Egypt anticipates earnings from the Suez Canal to surpass $7 billion by the end of the current fiscal year, according to Finance Minister Mohamed...
Dilwar H Choudhury Re-elected as Bank Asia Audit Committee Chairman
Mr. Dilwar H Choudhury has recently been re-elected as the Chairman of the Audit Committee of the Board of Directors of Bank Asia Ltd.,...
Outgoing Lebanon Government Approved Economic Recovery Plan
According to the country's Communications Minister, Lebanon's outgoing administration authorized a recovery plan on May 20 to help the Mideast country overcome its economic...
Walmart And Target Reported Higher Sales And Lower Margins
Walmart and Target both released their first-quarter results on May 19, and both companies had similar stories to tell about rising sales and declining...
Hyundai Motor Group Announced to Invest $16.5bn in S.Korea
Hyundai Motor Group announced on May 18, 2022, that it will invest a total of 21 trillion won ($16.54 billion) in South Korea's electric...
Netflix Laid Off 150 Employees
For the first time in a decade, the streaming giant Netflix has lost subscribers as it has cut 2 percent of its staff. Thus,...
G7 Countries Determined to Rein in Rising Inflation
According to German Finance Minister Christian Lindner, the Group of Seven (G7) countries are resolved to get inflation under control. Speaking at a news...