New Zealand to Quadruple Spending on Climate Aid
New Zealand is set to quadruple its spending on international climate aid. In doing so, the country wants to do something about what it claims to be a “sadly inadequate” response to climate change’s challenges to the world. On Monday, Prime Minister Jacinda Ardern announced that her country’s budget
Chip Shortages Kill European Car Sales
The number of new cars sold in the European Union fell by more than 23 percent in September compared to the same month in 2020. The biggest problem for car manufacturers is the persistent shortage of chips, according to the European automotive industry association ACEA. Last month, 718,598 cars
Death Toll from Tropical Storm in Philippines Rises
The death toll from Tropical Storm Kompasu in the Philippines has more than doubled. According to the national disaster service, at least thirty people have died as a result of flooding and landslides. There are thirteen missings. Most of the deaths were in the northern province of Ilocos Sur.
Cloud Security Company Wiz Raises A Quarter of A Billion Dollars
The Israeli cloud security specialist Wiz has raised a capital of 250 million dollars. After the close of this Series C financing round, the company now has a valuation of six billion dollars. The Tel Aviv-based cloud security startup plans to invest its Series C proceeds in expanded support
Cyclone Hits China’s Coast, Exacerbating Supply Chain Problems
Tropical Storm Kompasu, which is hitting the coast in southern China, is causing further problems in the supply chain. Due to the storm, it is temporarily impossible to load and unload containers at the Yantian port in Shenzhen, the technology capital of China. The number of ships waiting to
Europe Examines Antitrust Case Over Teams in Office
The European Union is currently surveying competitors of Microsoft Teams. A sign that a competition lawsuit may be coming. According to Reuters, questionnaires have been sent to Teams competitors. Europe also wants to know whether the integration of Teams in Microsoft Office gives the former more weight in the
Samsung Profits from Sales of Foldable Smartphones
Samsung Electronics benefited from strong demand for its foldable smartphones in the third quarter. The South Korean group also managed to increase its profitability thanks to the high prices of computer chips. Samsung sold more than a million foldable phones in South Korea. The company launched its latest range
Democrats Appear to Agree to US Debt Ceiling Hike
Democrats and Republicans in the US Senate appear to be getting closer to an agreement on the level of the US debt ceiling. A proposal from Republican Senate faction Mitch McConnell was well received by Democrats on Wednesday, although it is still unclear whether they will approve. As a
How to Find and Hire Great Employees?
The first step when looking to employ a member of staff is to consider the type of employee that is needed and working out if the business can afford that. The company also needs to look at what the legal obligations are as an employer. Research and data-driven personal finance
Difficult Supplies Lead to Sharp Decline in German Factory Orders
German industry received far fewer new orders in August than a month earlier. This indicates that the material shortages and longer delivery times, which many companies have been struggling with for some time, also have significant consequences for the demand for new products. Demand fell by almost 8 percent,
