- After days of debate, the US House of Representatives has authorized USD 1 billion in additional financing for Israel’s Iron Dome missile defense system. On Thursday, lawmakers cleared the bill by a vote of 420 to nine, opening the door for a substantial increase in US support for the system. The package will now be […]
- Rivian Automotive, an electric vehicle startup, which started in the year 2009, has filed for an initial public offering. In 2009, the EV manufacturer had started as Mainstream Motors. But two years later, the company adopted the name Rivian. It continued to operate in secret for few years. It was only during the 2018 LA […]
- A USD 25 billion plan just adopted by the U.S. House Small Business Committee would increase the number of Small Business Administration (SBA) grants and loan programs. Democratic leaders in both chambers of Congress have worked together to draught legislation totaling around USD 3.5 trillion, which is intended to be enacted via a procedure known […]
- At an open hearing on Wednesday, the 15th of September, 2021, the Federal Trade Commission (FTC) suggested increased scrutiny of mergers, reporting requirement gaps. The U.S. government revealed results from its investigation into unreported acquisitions involving five Big Tech companies: Google, Amazon, Apple, Facebook, as well as Microsoft. Because companies are only obligated to record transactions of […]
- Most of 2020 and 2021 has been a tough period for the aviation industry. This is mainly because of the coronavirus pandemic which forced airlines to ground their planes for several weeks in a stretch. But there is definitely some good news for a Middle East carrier. Qatar Airways has won the award of being […]
- Robinhood has finally started testing ‘crypto wallets’ on its platform. This will allow users to spend and trade their cryptocurrencies like Ethereum and Bitcoin. This will give users more control over digital tokens. Initially, it will be tested with select clients. The company has said that the testing would begin next month. Once launched, users […]