The CEO of Boeing will retire this year, along with the departure of the board chairman and the retirement of the head of commercial airplanes.
At the conclusion of this year, Dave Calhoun, the chief executive officer of Boeing, will resign from the troubled company following a string of incidents at one of the most renowned manufacturers in the United States. The Chairman of the…
Against US Dollar Iran’s money has reached its lowest value ever compared to the American dollar.
Tehran — On Sunday, Iran’s currency hit an all-time low of 613,500 against the dollar while its citizens marked the Persian New Year. On Sunday, people were trying to exchange rials for foreign currency at Tehran’s main hub of exchange…
The objective of the World Bank is to encourage the participation of private investors in developing nations.
The president of the World Bank, Ajay Banga, announced that the organization will release additional information from its own database, specifically related to debt defaults. This initiative aims to encourage increased private sector investment in developing nations and will begin…
According to analysts, China’s use of renewable energy and oil consumption aligns with that of Gulf countries.
Tel Aviv, Israel — During China’s annual national legislature this month, Premier Li Qiang announced plans to construct more solar and wind farms as well as hydropower projects. China is currently the top global producer of renewable energy and has…
The cost of cocoa has increased threefold in a span of one year due to the effects of climate change on crops.
Nairobi, Kenya — In preparation for Easter, those who enjoy chocolate should expect to pay more for their beloved holiday treats. According to a nonprofit organization focused on the environment, the price of cocoa has increased by three times due…
Reddit had a 55% increase during its debut on Wall Street as the self-proclaimed “Front Page of the Internet.”
NEW YORK — Upon its Wall Street debut, Reddit saw a significant increase in value as investors drove the company’s worth to nearly $9 billion in just seconds after it started trading on the New York Stock Exchange. Reddit’s initial…
Construction of an airport in Nepal, funded by China, has sparked concerns about the country falling into a cycle of debt.
A year has passed since the opening of a Nepali airport funded by China, yet there have been no international flights. As loan payments for the Pokhara airport draw near, concerns arise that Nepal may be in a cycle of…
Biden celebrates the potential of America’s future, as the government allocates $8.5 billion to the chipmaking company, Intel.
Chandler, Arizona — On Wednesday, President Joe Biden praised a deal to supply Intel with $8.5 billion in direct funding and $11 billion in loans for the construction of computer chip factories across the nation. He highlighted the investment being…
in A recent study reveals widespread instances of labor exploitation through coercion.
The International Labor Organization released a study on Tuesday stating that forced labor brings in $236 billion in unlawful profits annually, a significant rise of $64 billion from 2014. According to the research, the rise in numbers can be attributed…
After 17 years, Bank of Japan abandons extreme policy and implements first rate increase.
The Bank of Japan (BOJ) ended eight years of negative interest rates and other remnants of its unorthodox policy on Tuesday, making a historic shift away from its focus on reflating growth with decades of massive monetary stimulus. Analysts suggest…