Schlumberger has successfully demonstrated sustainable lithium production at its Clayton Valley, Nevada, plant, showcasing a faster and more efficient method compared to traditional processes. The company’s innovative solution utilizes advanced technologies to produce high-purity lithium carbonate or hydroxide, minimizing environmental impact and accelerating the market availability of responsibly sourced lithium products.
Elon Musk responded to Kia’s new incentive program targeting Tesla owners, claiming Tesla doesn’t need to bribe Kia drivers to switch. The move comes as the electric vehicle market becomes increasingly competitive, with traditional automakers like Kia and Hyundai gaining ground on Tesla’s market share.
AirAsia Rewards, the loyalty program of AirAsia MOVE, has partnered with THE COMMUNE Mall, Johor’s newest shopping destination, to offer exclusive perks and rewards to members. This collaboration aims to connect the worlds of retail and travel, providing members with promotions, discounts, and opportunities to earn AirAsia points redeemable for flights, accommodations, and more.
The global celiac disease diagnostics market is projected to reach US$ 626.2 million in 2024 and is expected to grow at a CAGR of 8.5% during the forecast period (2024 to 2034). Advancements in diagnostic technology, such as improved lateral flow assays and ELISA assays, are driving the market’s expansion. Increased public awareness, home-test kits, and new product launches are also contributing to the growth.
A company’s policy prohibiting employees from taking leave to care for sick children has sparked outrage online, with critics accusing the company of being insensitive and discriminatory against women. The policy has been widely criticized for disregarding employees’ family responsibilities and well-being, and many users have expressed concern that it could force parents to make difficult choices, potentially jeopardizing the health of other employees.
Tech billionaire Bill Gates has expressed deep concern about the possibility of another pandemic in the near future, warning that global unrest and inadequate preparedness could lead to a catastrophic event. Gates highlights the potential for a major war and emphasizes the need for improved pandemic response strategies, drawing on his experience with the COVID-19 pandemic and his commitment to global health initiatives.
Goldman Sachs is facing a potential $400 million pre-tax loss from the sale of its General Motors credit card portfolio. The sale, which is still under negotiation with Barclays, has been hindered by high charge-off rates, reflecting a significant portion of borrowers unable to repay their loans. The news comes amidst a challenging financial landscape for the banking industry, with other institutions like JPMorgan Chase also facing headwinds.
airBaltic, the leading Latvian carrier, continues its strong growth trajectory, exceeding half a million passengers in August 2024. This impressive feat was accompanied by a record load factor of 89.8% and a significant increase in flight operations, cementing airBaltic’s position as the leading airline in the Baltic region.
The US dollar’s recent decline against the Japanese yen has sparked concerns about a potential unwinding of the yen-carry trade, a strategy that involves borrowing yen at low interest rates to invest in higher-yielding assets. This could lead to significant pressure on long-term US Treasuries and risk assets, potentially echoing the global market crash of August 2024.
Dave & Buster’s shares soared in pre-market trading after beating earnings expectations. Other notable movers include CN Energy Group, FTC Solar, and BIO-Key International, while Telesis Bio, MultiPlan Corporation, and Rentokil Initial plc experienced declines.
