Author: Radha Patel

BusinessInternational

Zoom Sales Plummet Amid Post-Pandemic Era

In the wake of the Covid-19 pandemic, video-conferencing platforms like Zoom experienced record growth. The numbers showed that there was a 360% revenue growth as hundreds of thousands of users logged onto Zoom for school, work, or social events between friends and family. Such was its popularity that Zoom became a household name, as it bridged the gap between people across the world.

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BusinessInternational

Tesla’s German Gigafactory on Track for December Opening

The global automotive supply chain has been experiencing some difficulties in the past year due to a chip shortage. This will inevitably have an impact on the German car manufacturing industry, as Germany has one of the largest production values in the world and has global connections. The US electric car manufacturing company Tesla announced that it is closing in on its plans to manufacture Model Y cars in a factory near Berlin.

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BusinessInternational

Liberty Steel Cash Injection to Save 660 Jobs

In an effort to evade job loss of employees at its Rotherham plant in the UK, Liberty Steel, a global steel manufacturing and mining company, has received an injection of nearly $70 million (£50 million) in shareholder funds into the company. This comes after the company’s major financial service lender, Greensill Capital, filed for insolvency protection earlier this year. These funds will be issued through a separate corporate entity called Liberty Captial. 

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BusinessInternational

Samsung Reinforcing Supply Chain in Asia to Expand Production

Over the coarse of the pandemic, there has been an increased demand among consumers for electronic products, particularly Samsung products. In an effort to meet demand requests, the Korean tech giant plans to enlarge production lines and build more manufacturing plants in Pakistan, as well hire more workers.

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International

Saudi Arabia keeps control of oil market despite production increase

Prince Abdulaziz bin Salman, Saudi Arabia’s oil minister, has urged fellow producers to tighten the amount of oil released into the market. He fears that additional oil flowing into the market could cause prices to drop. Especially during the pandemic, oil prices have declined due to an increase in the number of people staying home. T

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International

Economists Forsee Speculators Affecting The Canadian Housing Market

The Canadian housing market has been experiencing a large surge in demand for larger living spaces, leaving a dwindling supply that has made housing prices climb. In fact, the average price of buying a home in Toronto just surpassed 1 million dollars, which represents a 15% increase just over the past year alone

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