Category: Business

A Green Initiative By Sun Mobility Sun Mobility, a leading provider of energy infrastructure and services for electric vehicles (EVs), has launched India’s first solar-powered EV charging station in Bengaluru. The charging station, located at the Indian Oil Corporation’s fuel station on Hosur Road, is powered by a 7.5 kWp solar rooftop system that can generate up to 30 kWh of electricity per day. The charging station is equipped with…

Swiss banks, which are known for their secrecy and stability, are once again investing more in the global markets as they see signs of economic recovery from the pandemic. The Swiss banking sector, which accounts for about 6% of the country’s GDP, has been resilient during the crisis and has benefited from the strong performance of its wealth management and asset management businesses. Swiss banks report strong results in the…

S&P Global Ratings has lowered the credit ratings of five US regional banks and revised its outlook for several others, following a similar move by Moody’s earlier this month. The rating agency cited the challenging operating conditions, funding risks and weaker profitability as the main reasons for its actions. S&P cuts ratings by one notch for five banks The five banks that saw their ratings cut by one notch are…

The 2023 Australian Women’s Small Business Champion Awards have announced the finalists for the online and retail categories, showcasing the achievements of 29 female-led businesses across the country. The awards, which are in their second year, aim to celebrate the most inspiring and influential women in small business, covering a wide range of industries and sectors. Online businesses demonstrate innovation and resilience The online business category features 16 finalists who…

Zoom Video Communications (NASDAQ: ZM) announced its fiscal second-quarter results on Monday, beating analysts’ expectations and raising its full-year guidance. The video-calling software provider reported adjusted earnings of $1.34 per share on revenue of $1.14 billion, which grew 3.6% year over year. Zoom’s enterprise business drives growth Zoom attributed its strong performance to the growth of its enterprise business, which delivers 54% of total revenue. The company said it had…

New York, the financial capital of the world, is facing a massive loss of business as many Wall Street firms have relocated their headquarters to lower-cost and lower-tax states in the South. According to a new report by Bloomberg, nearly 160 Wall Street firms have moved out of New York since the end of 2019, taking nearly $1 trillion in assets under management with them. Why are Wall Street firms…

The U.S. federal government is not the only one that is trying to curb the influence of Chinese business in the country. Several states across the nation are also enacting or proposing legislation that would restrict or ban the involvement of Chinese companies in various sectors, such as technology, infrastructure, and education. These measures are driven by concerns over national security, human rights, and economic competition, but they could also…

The UK housing market is facing a slowdown as home sellers slash prices at the fastest rate since 2018, according to the latest data from Rightmove. The online property portal reported a 1.9% drop in average asking prices in August compared to a month earlier, making the sharpest fall in five years. The decline was driven by a lack of demand, especially in London and the South East, where prices…

A Controversial Move Some New York City developers who are eyeing to build casinos in the city have decided to fund children’s sports programs in an attempt to win public support and influence local officials. However, this move has angered some parents and activists who see it as a cynical and unethical way to promote gambling in the city. According to a report by The New York Times, the developers…

Hyundai and Georgia Ports Authority celebrate milestone for the $5.5 billion project Hyundai Motor Group Metaplant America (HMGMA) and Georgia Ports Authority (GPA) held a ceremony on Monday to celebrate the arrival of the first shipment of equipment for the electric vehicle (EV) manufacturing facility under construction in Bryan County, Georgia. The shipment contained a crane for the stamping facility, which will produce metal parts for the EVs. The Metaplant,…