Amazon sets $48B India investment plan through 2030
NEW DELHI, INDIA / MENA Newswire / – Amazon CEO Andy Jassy met Indian Prime Minister Narendra Modi in New Delhi and announced plans to invest $48 billion in India from 2026 to 2030. The...
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Modi unveils 2047 tax holiday to grow India data centres
MENA Newswire, NEW DELHI: India’s government has proposed a tax holiday through 2047 for foreign companies that provide cloud services to customers worldwide while running those workloads using data centre services based in India, a long-horizon incentive...
Nvidia beats Q1 expectations with $44.1 billion revenue
Nvidia posted $44.1B in Q1 revenue and $0.96 EPS, but flagged an $8B hit from US chip export bans targeting China....
Brazil reports 22 million hectares of forest lost to fires in 2024
Fires in Brazil have destroyed 22.38 million hectares of forests between January and September, with the Amazon rainforest being the most affected biome, according to a report by MapBiomas....
About 2 million air fryers were recalled because of fire hazards
As a result of a wire connection overheating in the air fryers, the U.S. Consumer Product Safety Commission has recalled about 2 million Cosori air fryers. According to the company, more than 200 users have...
Warehouse and transportation workers at Amazon receive higher hourly wages
Amazon Inc has announced that its warehouse and transportation workers will receive an average starting wage of more than $19 per hour, a significant increase in pay from the previous hourly rate of $18. A...
Musk loses $12 billion in a day after slamming S&P ESG rankings
Tesla’s share price collapsed erasing a large chunk of the wealth of the world’s richest man Elon Musk. Musk’s net worth has dropped to $218 billion as Tesla’s shares are down 6.8%, according to Forbes....
Wall Street records sharpest plunge since 2020, Dow drops 1100 points
On Wednesday, the Dow Jones Industrial Average recorded its biggest plunge since 2020 after another prominent retail company warned of escalating prices, reinforcing investors’ apprehensions about future inflation, and triggering the catastrophic 2022 sell-off. The...