Newsletter
Russia oil reserves to last until at least 2080
Russia's oil reserves will reach 2080 at the current rate of annual production, the Minister of Natural Resources, Alexander Kozlov, said this week in an interview with Russian news agency RBC. Russia also has natural gas reserves for another 103 years of …
Itapemirim announces plans to launch its own airline
Brazilian bus company Itapemirim is launching a new airline in June, betting it can avoid the financial ruin that has grounded many rival airlines, despite the fact that the land transport company has just been reorganized under bankruptcy protection for five …
Corruption Case rocks the Californian Cannabis industry
Charges were brought against Councilor and Mayor of Calexico, California, David Romero and Commissioner Bruno Suarez-Soto for allegedly involved in a cannabis bribery scheme in which they accepted cash in exchange for perks from the city to cannabis companies …
Semiconductor Shortage shows its impact on the US economy
Global semiconductor shortages have disrupted auto production in the United States and elsewhere and will most likely continue for another two years. Last year, the pandemic caused automakers to cease operations, with each predicting a slowdown in auto sales …
Pipeline Hackers have lost access to their crypto wallet
The operator of the ransomware group Darkside said Friday that it had lost control of its servers and some of the money it made through ransom payments, Recorded Future Threat Intelligence Analyst Dmitry Smilyanets reported. "A few hours ago we lost access to …
Amazon will hire up to 75,000 new employees
Amazon.com, Inc. (NASDAQ: AMZN) will hire 75,000 people in its transportation and fulfillment centers to meet growing customer demand. The company will recruit new employees for its locations in Wisconsin, Washington, Arizona, Georgia, Colorado, California, …
GM is investing up to a billion dollars in Mexico
General Motors Company (NYSE: GM) will focus on manufacturing electric vehicles (EVs) in Mexico with an investment of more than $ 1 billion. According to a communiqué from General Motors, the Ramos Arizpe manufacturing complex in Mexico will begin production …
GOP Lawmakers want to further decriminalize Marihuana
Two Republican members of the House of Representatives tabled a bill Thursday that would effectively enforce the decriminalization of marijuana at the federal level. The action, the Common Sense Cannabis Reform for Veterans, Small Businesses, and Medical …
Gold Miners are finally on the winning side
Last year proved to be a dream for gold speculators and investors after the gold price soared to historic highs thanks to a perfect storm out of a global pandemic, massive government stimulus programs, a weakening dollar, and a bull market that eventually ran …
Uber starts cooperation with EV producer Arrival
Uber Technologies Inc. (NYSE: UBER) has partnered with electric car maker Arrival to create an electric car designed specifically for Uber drivers. Arrival has already developed an electric "skateboard" platform that can be used with various types of vehicles. …