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Investors are worried about slowing growth on and a more aggressive federal reserve the Wall Street ended sharply lower yesterday with NASDAQ closing at its lowest since December of 2020.

NASDAQ registers lowest close since late 2020

Kingdom of Saudi Arabia is targeting a tenfold increase in global airline passengers by the end of this decade this as it looks to triple passenger traffic every year, it's a tenfold increase that would mean that global transit traffic jumping to 30 million in 2030.

Kingdom of Saudi Arabia aiming for tenfold increase in air transit traffic by 2030

A British judge will today rule whether Airbus must keep building A321neo jetliners for estranged Qatar Airways in a decision with implications for future multi-billion-dollar jet deals, as their public bust-up returns to London's High Court.

Airbus, Qatar Airways back in court

A spike in commodity costs and slowdown in China has created significant uncertainty around the world and as a result Asian region are facing a 'stagflationary' risks. While Asia's trade and financial exposures to Russia and Ukraine are limited, the warning released by senior partners said region's economies will be affected by the crisis through higher commodity prices.

IMF warns of 'stagflationary' risks in Asia

Tesla CEO Elon Musk wooed many of the social media company shareholders with financing details on his 43 billion dollar acquisition offer for Twitter. According to reports, Twitter has kicked off deal negotiations with Elon Musk.

Twitter begin deal talks with Elon Musk

Shares of Nissan dropped 4% in early trade on Monday, following a report that top shareholder Renault may consider lowering its stake in the Japanese automaker.

Renault exploring Nissan stake sale: Reports

Weeks after one of its vehicles caught fire prompting a government probe into the incident Softbank-backed Ola Electric will now recall around 1,440 of its electric scooters.

Softbank-backed Ola Electric to recall 1,441 electric scooters

Oil prices slumped to near two-week lows on Monday, extending losses from last week, as concerns grew that prolonged COVID-19 lockdowns in Shanghai and potential US rate hikes would hurt global economic growth and fuel demand.

Oil prices extend losses as Shanghai lockdowns hit demand outlook

As China continues to struggle with the spread of the virus despite the implementation of stringent measures, Apple Inc's prime supplier Foxconn Technology Group halted operations at two of its factories in eastern China's Kunshan after new Covid-19 cases were reported on site

Apple supplier Foxconn suspends production at two China plants amid Covid-19 scare

The world's richest man has double down on his quest to acquire Twitter after the social media giant tried to adopt poison pill approach. Musk has lined up funds for a hostile takeover here's a report.

Billionaire Elon Musk has lined up $46.5 billion to buy Twitter

Workers at an Apple store in Atlanta on Wednesday filed a petition to hold a union election, seeking to become the company's first US store to unionize amid a wave of labor activity at other major firms.

Workers at Atlanta Apple store file for unionization

Fashion brand GAP has slashed its forecast for quarterly sales blaming execution challenges at its Old Navy brand and "macro-economic dynamics", sending shares of the retailer down 12% in extended trading.

Gap cuts quarterly sales forecast

Airlines are back and that's the message major US carriers are sending investors now after grappling with COVID- induced uncertainty for two years.

United States airline bookings roar back

The world economy and industries across sectors are reeling under the impact of supply chain issues that coupled with Ukraine-Russia war and recent data from EU's auto association shows that European auto industry is not immune to it.

EU car sales dip for 9th straight month

Netflix's bad year just got much worse after crashing on Tuesday, Netflix shares tumbled 30 % yesterday as well leading to 55 billion dollar wipeout in Netflix market value which is the worst since 2004.

Netflix's bad year just got much worse, $55 billion wipeout in its market value

Carmaker Stellantis on Tuesday said it was suspending production at its Russian plant due to logistical difficulties and sanctions imposed on Moscow.

Stellantis suspends vehicle production in Russia

Plane maker Embraer has delivered 14 jets in the first quarter of this year which includes six commercial and eight executive planes. Embraer plane backlog has hit 17.3 billion on March 31st.

Plane maker Embraer delivers 14 jets in Q1

Elon Musk’s start-up The Boring Company, which builds underground highways to ease traffic congestion, has raised $675 million in Series C round, bringing its valuation up to $5.7 billion.

The round was led by Vy Capital and Sequoia Capital, with participation from other investors Valor Equity Partners, Founders Fund, 8VC, Craft Ventures, and DFJ Growth, Bloomberg reported.

The Texas-based company, which specialises in shorter trips within cities, has been planning to expand its workforce in engineering, operations, and production to scale up its Loop project and accelerate the research and development of Prufrock, the company’s next generation tunnelling machine.

The fresh funding comes three years after Boring Co. raised $120 million at a valuation of $920 million.&nbsp;

Musk had earlier sold Boring Company hats and flamethrowers to raise funds.

The tunnelling company launched its commercial project in Las Vegas in June last year to transport visitors through the city's Convention Center using human-driven Tesla vehicles.

Apart from that, its other projects in Chicago, Los Angeles, and a connection between Washington and Baltimore have fizzled out.

The new funding round includes strategic investments by real estate companies, including Brookfield, Lennar Corp., Tishman Speyer and Dacra Development Corp.

Also read |&nbsp;<a href="https://www.wionews.com/technology/elon-musk-tweets-against-woke-netflix-days-after-twitter-takeover-announcement-472362">Elon Musk tweets against 'woke' Netflix days after Twitter takeover announcement</a>

Last week, Musk attempted a hostile takeover of Twitter Inc with his $43 billion cash offer.

His offer price of $54.20 per share was a 38 per cent premium to Twitter's April 1 close, the last trading day before his 9.1 per cent stake in the social media platform was made public.

Also read |&nbsp;<a href="https://www.wionews.com/world/worlds-richest-man-elon-musk-says-he-is-homeless-472174">World’s richest man Elon Musk says he is homeless</a>

The New York Post on Tuesday citing sources said that Musk is willing to invest between $10 billion and $15 billion of his own money to take Twitter private.

Watch | Elon Musk willing to invest $15 billion of his money to buy Twitter

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/elon-musk-willing-to-invest-15-billion-of-his-money-to-buy-twitter-472314/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

(With inputs from agencies)

Elon Musk’s start-up The Boring Company, which builds underground highways to ease traffic congestion, has raised $675 million in Series C round, bringing its valuation up to $5.

Elon Musk’s start-up The Boring Company, which builds underground highways to ease traffic congestion, has raised $675 million in Series C round, bringing its valuation up to $5.7 billion. The round was led by Vy Capital and Sequoia Capital, with participation from other investors Valor Equity Partners, Founders Fund, 8VC, Craft Ventures, and DFJ Growth, Bloomberg reported. The Texas-based company, which specialises in shorter trips within cities, has been planning to expand its workforce in engineering, operations, and production to scale up its Loop project and accelerate the research and development of Prufrock, the company’s next generation tunnelling machine. The fresh funding comes three years after Boring Co. raised $120 million at a valuation of $920 million. Musk had earlier sold Boring Company hats and flamethrowers to raise funds. The tunnelling company launched its commercial project in Las Vegas in June last year to transport visitors through the city's Convention Center using human-driven Tesla vehicles. Apart from that, its other projects in Chicago, Los Angeles, and a connection between Washington and Baltimore have fizzled out. The new funding round includes strategic investments by real estate companies, including Brookfield, Lennar Corp., Tishman Speyer and Dacra Development Corp. Also read | Elon Musk tweets against 'woke' Netflix days after Twitter takeover announcement Last week, Musk attempted a hostile takeover of Twitter Inc with his $43 billion cash offer. His offer price of $54.20 per share was a 38 per cent premium to Twitter's April 1 close, the last trading day before his 9.1 per cent stake in the social media platform was made public. Also read | World’s richest man Elon Musk says he is homeless The New York Post on Tuesday citing sources said that Musk is willing to invest between $10 billion and $15 billion of his own money to take Twitter private. Watch | Elon Musk willing to invest $15 billion of his money to buy Twitter (With inputs from agencies)

Elon Musk’s Boring Company’s valuation up to $5.7 billion after latest funding round

German car parts supplier Continental has temporarily resumed tyre production for passenger cars at its Russian plant in Kaluga, it said on Tuesday, to protect local workers who could otherwise face criminal charges.

Germany's Continental restarts Russian plant

As some nations look at conflict as opportunities, they try to leverage situation but there are others like India that lead from the front and providing aid in ever possible manner. India has now stepped in the market and will export almost about 7 million tons of its 107 million tons of wheat produced in the country every year.

India to export 1 million tons of wheat to Egypt

Elon Musk, chief executive of Tesla is in line to receive a bonus of USD 23 billion. The billionaire is set to get the bonus after the electric car company exceeded quarterly profit and revenue predictions

The world`s most valuable automaker said revenue was $18.8 billion in the first quarter ended March 31, versus estimates of $17.8 billion, according to IBES data from Refinitiv. This is up 81% from a year earlier

Since the outbreak of the pandemic, Tesla has been posting record deliveries and earnings for several quarters when its competitors across the world were grappling with supply chain issues.

Also Read | <a href="https://www.wionews.com/technology/elon-musk-tweets-against-woke-netflix-days-after-twitter-takeover-announcement-472362">Elon Musk tweets against 'woke' Netflix days after Twitter takeover announcement</a>

"Our own factories have been running below capacity for several quarters as supply chain became the main limiting factor, which is likely to continue through the rest of 2022," Tesla said in a statement.

Shares of Tesla rose 4% after the close of regular trading.

Shortages of chips and recent outbreaks of Covid have had effect on its supply chain and factory operations, said Tesla.

Tesla raised its prices in China, the United States and other countries, after CEO Elon Musk said in March the U.S. electric carmaker was facing significant inflationary pressure in raw materials and logistics amid the crisis in Ukraine.

Elon Musk sent the social media in a tizzy when he offered to buy tech giant Twitter last week. This sent shockwaves in the business world but also sparked concerns that Musk was getting distracted from the electric carmaker at a time when it is ramping up production at new factories in Berlin and Texas

(With inputs from agencies)

Elon Musk, chief executive of Tesla is in line to receive a bonus of USD 23 billion. The billionaire is set to get the bonus after the electric car company exceeded quarterly profit and revenue predictions The world`s most valuable automaker said revenue was $18.

Elon Musk, chief executive of Tesla is in line to receive a bonus of USD 23 billion. The billionaire is set to get the bonus after the electric car company exceeded quarterly profit and revenue predictions The world`s most valuable automaker said revenue was $18.8 billion in the first quarter ended March 31, versus estimates of $17.8 billion, according to IBES data from Refinitiv. This is up 81% from a year earlier Since the outbreak of the pandemic, Tesla has been posting record deliveries and earnings for several quarters when its competitors across the world were grappling with supply chain issues. Also Read | Elon Musk tweets against 'woke' Netflix days after Twitter takeover announcement "Our own factories have been running below capacity for several quarters as supply chain became the main limiting factor, which is likely to continue through the rest of 2022," Tesla said in a statement. Shares of Tesla rose 4% after the close of regular trading. Shortages of chips and recent outbreaks of Covid have had effect on its supply chain and factory operations, said Tesla. Tesla raised its prices in China, the United States and other countries, after CEO Elon Musk said in March the U.S. electric carmaker was facing significant inflationary pressure in raw materials and logistics amid the crisis in Ukraine. Elon Musk sent the social media in a tizzy when he offered to buy tech giant Twitter last week. This sent shockwaves in the business world but also sparked concerns that Musk was getting distracted from the electric carmaker at a time when it is ramping up production at new factories in Berlin and Texas (With inputs from agencies)

Elon Musk may get USD 23 billion bonus as Tesla reports strong performance

The International Monetary Fund (IMF) on Tuesday slashed India's gross domestic product (GDP) forecast by 80 percentage points to 8.2 per cent for financial year 2022-23.

IMF slashes India's GDP forecast to 8.2% in 2022-23

JP Morgan Chase, the American banking giant has unveiled the design for its new global headquarters in New York City. The building is touted to be city's largest 'all-electric' tower powered fully by renewable energy.

The building will be constructed at 270, Park Avenue in New York. It will be 1388-foot (423 metres), 60 story skyscraper.

The building has been designed by Foster + Partners and will be completed by the year 2025

"The project is the first under New York City’s innovative Midtown East Rezoning plan, which encourages modern office construction and improvements to the business district’s public realm and transportation," says a press release.&nbsp;

As per the press release, the new building will house up to 14,000 employees and will replace the 'outdated facility designed in the late 1950s for about 3,500 employees'

"The concept for the new design was to create a timeless addition to Park Avenue, which celebrates the city’s iconic architectural history and serves as a powerful new symbol for the next generation of office towers in New York. Using a state-of-the-art structural system to negotiate the site constraints below and at ground level, the innovative fan-column structure and triangular bracing allow the building to touch the ground lightly across the entire block. By lifting the building about 80 feet/24 meters off the ground, it extends the viewpoint from the Park Avenue entrance through to Madison Avenue," says Foster + Partners in its press release.

JP Morgan Chase, the American banking giant has unveiled the design for its new global headquarters in New York City. The building is touted to be city's largest 'all-electric' tower powered fully by renewable energy.

JP Morgan Chase, the American banking giant has unveiled the design for its new global headquarters in New York City. The building is touted to be city's largest 'all-electric' tower powered fully by renewable energy. The building will be constructed at 270, Park Avenue in New York. It will be 1388-foot (423 metres), 60 story skyscraper. The building has been designed by Foster + Partners and will be completed by the year 2025 "The project is the first under New York City’s innovative Midtown East Rezoning plan, which encourages modern office construction and improvements to the business district’s public realm and transportation," says a press release. As per the press release, the new building will house up to 14,000 employees and will replace the 'outdated facility designed in the late 1950s for about 3,500 employees' "The concept for the new design was to create a timeless addition to Park Avenue, which celebrates the city’s iconic architectural history and serves as a powerful new symbol for the next generation of office towers in New York. Using a state-of-the-art structural system to negotiate the site constraints below and at ground level, the innovative fan-column structure and triangular bracing allow the building to touch the ground lightly across the entire block. By lifting the building about 80 feet/24 meters off the ground, it extends the viewpoint from the Park Avenue entrance through to Madison Avenue," says Foster + Partners in its press release.

JP Morgan Chase unveils design of its new global headquarter building

It has been two years since the Covid pandemic began in the March of 2020. There have been a number of changes since then in the world of human resources and hiring. The workers have worked into remote and hybrid forms of working and the recent professional changes including great resignation working from home and remote recruitment and onboarding have steered a dramatic shift in the work and management approach.

Impact of automation on jobs: Use of AI-based technology in hiring talent

The Japanese yen hit a 20-year low against the dollar on Tuesday, supported by high US Treasury yields and likely comparatively good US economic data this week.

Japanese Yen falls to fresh 20-year-low

Median pay for top US CEOs rose 31% last year to a record $20 million, a new study found, surging after a slight decline during the COVID-19 pandemic, as companies showered leaders with stock awards and cash bonuses.

US executives' pay soars 31% after a slight covid era decline