Author: Hrishi
Tesla Eyes India: $2-3 Billion Electric Car Plant in the Works
Tesla To Scout Locations In late April, Tesla plans to send its first team to scout potential locations for building electric car plants in India. This is estimated to cost USD 2-3 billion. Tesla will be focusing on Indian states which are already dominant auto manufacturing regions. These regions include Gujarat and Rajasthan in the…
Major Banks to Close 48 Branches in April Alone: More to Come?
Various banks will close 48 branches this month and will continue to close more as the year goes on. This includes Halifax and Lloyds. Barclays and the Bank of Scotland. Barclays will close 21 branches, Halifax will close 14, and Lloyds will close 12. The Bank of Scotland will close only one. Why are the…
Argentina President Insults World Leaders
During a CNN interview with Andrés Oppenheimer on CNN En Español, President of Argentina Javier Milei affronted the Colombian president Gustavo Petro by calling him a ‘terrorist murderer’. He also called the Mexican president Andrés Manuel López Obrador ‘ignorant’. Mr Milei, a famously far-right leader referred to the societal deterioration in Venezuela and Cuba and hinted…
5 Benefits of Crowdfunding
What is Crowdfunding? Crowdfunding is a popular method of raising capital from a range of people. It is a relatively new idea due to its harnessing of social media connectivity. People can pitch business ventures to a large group of investors and entrepreneurs, who can invest as little as $10. The collective capital raised by…
Baltimore Key Bridge Collapses
What caused the Baltimore Bridge to collapse? A bridge in the US city of Baltimore, Maryland, collapsed this morning. A cargo vessel reportedly collided with a bridge pillar only 30 minutes after departing from Baltimore. It was called the Dali, on a 27-day course to Colombo, Sri Lanka. Although soon to be deemed a catastrophe,…
Glitch in Ethiopian Bank causes Customers to withdraw Millions
Key Points Regarding the Glitch: On Saturday, 16th March, a glitch occurred in the transaction systems of the Commercial Bank of Ethiopia, which allowed people to withdraw more money than they had in their accounts. It took several hours for the glitch to be fixed, and over $40 million was reportedly withdrawn during this time.…