World

Tesla to hold shareholder vote on whether to invest in xAI

New York, July 15 (UNI) Tesla will hold a shareholder vote on whether Elon Musk’s carmaker should invest in his artificial intelligence startup xAI, the billionaire said.“If it was...

Business

IMF board enables disbursement of about $500 mln to Ukraine – Statement

Washington: The IMF Board has approved a nearly $500 million disbursement to Ukraine following a review of the...

Business

Trump launches sales of fragrances called ‘victory 45-47’

Washington: US President Donald Trump launched the sale of fragrances called "Victory 45-47" for both men and women."Trump...

Business

Tesla inks deal with Chinese partners to construct grid-side-energy storage station in Shanghai

Shanghai: US car maker Tesla on Friday inked a deal with Chinese partners to build a grid-side energy...

Business

Microsoft fires another 300 people after recent major layoff – Reports

Washington: US tech corporation Microsoft has cut its staff by more than 300 people after a major layoff...

Elon Musk completes $44bn Twitter takeover

Business

GC NewsDesk - 28/10/2022

San Francisco: The world's richest man, Elon Musk, has completed his $44bn takeover of Twitter, according to US media and an investor in the...

Samsung names convicted heir to top job

Current Affairs

GC NewsDesk - 27/10/2022

Seoul: South Korean electronics giant Samsung on Thursday named convicted heir and de facto boss Lee Jae-yong as its executive chairman."The Board cited the...

Lanka IOC revenues, profits soar

Business

GC NewsDesk - 26/10/2022

Colombo: The revenues and the profits of Lanka Indian Oil Corp (LIOC) soared after authorities implemented a cost-reflective pricing formula for fuel and restored...

Japanese yen touches 32-year low

Business

GC NewsDesk - 14/10/2022

Tokyo: The Japanese yen touched a 32-year low against the US dollar after official figures showed that prices had risen faster that expected in...

STMicroelectronics to invest 730 mn euros in new plant in Sicily

Business

GC NewsDesk - 06/10/2022

Rome: Electronic semiconductor maker STMicroelectronics plans to invest 730 million euros (721 million US dollars) in a new chip production facility in Catania on...

SL to ease import restrictions

Business

GC NewsDesk - 30/09/2022

Colombo: The Sri Lankan government will ease the ban on import of some goods that was enforced due to the economic crisis, Finance State...

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