Global tech giants, including Apple, Google, Amazon, Tesla and Baidu, have decided to design their own microchips. This, writes CNBC, is necessary to avoid shortages in production facilities. In addition, the corporations' own developments will allow them to adapt the chips to their needs. It will help to increase the competitive advantage of the product. Forrester's research director Glenn...

Saudi Arabia has lowered oil prices for Asian buyers more than market participants expected. The country is trying to take market share from competitors, oil buyers said. Saudi Arabia has lowered oil prices for buyers from Asia for the next month, Bloomberg said. The agency notes that the country's actions show its desire to attract buyers. Saudi state-owned Saudi Aramco is lowering the price...

Japan topped the list of the most expensive countries for employers to hire foreign workers. The United Kingdom dropped from first place to second, followed by India, China and Hong Kong. Japan has become the most expensive place for companies to work and live for foreign workers. It surpassed the United Kingdom, which previously topped the list of most expensive countries for expat employers,...

Shipments of electric cars from Chinese companies Nio and Xpeng fell in August. According to CNBC, the industry fell victim to a global chip shortage and supply chain disruptions caused by local lockdowns due to the coronavirus. Nio delivered 5,880 electric cars in August, down from 7,931 in July. The company also lowered its delivery forecast for the third quarter of 2021 to 22,500-23,500 cars...

The OPEC+ countries have agreed to maintain the current plan to increase oil production. The price of oil is falling amid this. At a meeting on Wednesday, the countries of OPEC + agreed to maintain the previously approved plan to increase oil production. It is reported by Reuters with reference to the statement of the organization.  Oil production will be increased by 400,000 barrels per...

The U.S. government announced that it will soon introduce tax rules for cryptocurrency transactions. The announcement caused discontent among traders, but in the long term, the new rules could strengthen the digital money trading system, Bloomberg writes. U.S. residents must pay income tax on any profits, but many crypto investors ignore this obligation. For several years now, the Internal...

Economic growth in Latin America and the Caribbean will be 5.9 per cent in 2021, due to last year's weak performance, and is expected to slow to 2.9 per cent in 2022, the UN Economic Commission for Latin America and the Caribbean (ECLAC) said. "Latin America and the Caribbean will grow in 2021, although the pandemic continues and the crisis has exacerbated long-standing structural problems in the...

German carmaker Porsche announced that it will open an assembly plant in Malaysia next year. Although it is, as Porsche said in a statement, a "small assembly line," this is a rather important step for the company: the plant in Malaysia will be Porsche's first production facility outside of Europe.  For a long time, this luxury car manufacturer has been reluctant to open plants outside of...

The U.S. S&P 500 Index hit its 53rd record high close of the year on Monday on the back of a rise in technology stocks. The S&P 500 is up 21% in 2021, with the highest number of record highs in the current calendar year as of August. The S&P 500 ended trading up 19.42 points, or 0.4%, to 4,528.79 points. The Nasdaq Composite rose 136.39 points, or 0.9 percent, to 15265.89 points, its...