Astra, a space company, has laid off 25% of its workforce and is reallocating engineers and manufacturing staff to focus on spacecraft production. This move is expected to delay testing of t… Read More
Top Wall Street analysts have chosen five stocks for solid returns in the face of market pressure. Domino's Pizza, despite mixed second-quarter results, remains a top pick due to its Uber Ea… Read More
Shares of Southeast Asian tech giant Sea dropped 28% after missing revenue expectations and announcing a shift towards growth over profits. Sea, which previously focused on profitability, wi… Read More
According to quotes received by Nairametrics late on Tuesday, the exchange rate between the naira and the dollar has dropped to N900/$1 on the black market, from N840/$1 late last week, foll… Read More
Asian semiconductor stocks, including Taiwan Semiconductor Manufacturing Corp and Samsung Electronics, surged following chipmaker Nvidia's strong second-quarter results and optimistic guidan… Read More
Observers are questioning the US commitment to Southeast Asia after President Joe Biden announced that he would skip the ASEAN summit and send Vice President Kamala Harris instead. Some anal… Read More
Planes in and out of the UK have been grounded due to a technical issue with air traffic control, resulting in restrictions to UK airspace. The national air traffic controllers, NATS, apolog… Read More
The worldwide demand for lithium, a key element in electric vehicle batteries, is expected to exceed supply by 2025, according to analysts. China's lithium demand for electric vehicles is pr… Read More
Clement Nze, the Director-General of the Nigeria Hydrological Services Agency, has stated that the notification about the release of water from Cameroon’s Lagdo Dam was received approx… Read More
Brazilian mining company Vale SA is cautiously optimistic about steel demand in China, despite declining indicators. The company's vice president of iron ore solutions, Marcello Spinelli, sa… Read More
Unifor, a Canadian autoworkers' union, has chosen Ford Motor Company of Canada as the target for negotiations in the upcoming contract talks. The union represents over 19,600 autoworkers acr… Read More
Inflation in the euro zone remained steady in August, coming in at 5.3% according to preliminary data. This was higher than expected by analysts and poses a challenge for the European Centra… Read More
UBS has reported a second-quarter profit of $28.88 billion, its first quarterly earnings since completing its takeover of Credit Suisse. Analysts had expected a net profit of $12.8 billion… Read More
Ukraine has seen a surge in drone attacks on Russian territory in recent weeks, targeting regions including Moscow and Russian-occupied Crimea. Analysts suggest that this increase in drone w… Read More
Italy's proposed 40% windfall tax on banks' profits has caused controversy, leading to a 3% drop in Europe's main bank stock index and criticism from analysts and policymakers. The governmen… Read More
Analysts have warned that an escalating dispute at major gas facilities in Australia could drive up European gas prices. Energy giant Chevron and unions representing workers at the Gorgon an… Read More
North Korea has claimed that its new submarine has nuclear attack capabilities, which would allow it to counter the United States and its Asian allies. However, South Korean officials are sk… Read More
European gas prices jumped 10% as workers at major LNG facilities in Australia went on strike. The strikes at the Gorgon and Wheatstone projects in Western Australia followed failed negotiat… Read More
Oil prices reached their highest level of the year, with some analysts predicting a return to $100 a barrel before the end of 2024. Brent crude futures traded at $93.29 a barrel on Friday, w… Read More
Understanding the Types of Building Construction in Civil Engineering.
When we look around us, it’s hard not to be fascinated by the sheer variety of buildings that make up our envi… Read More
Nigeria electricity has collapsed again, as power generation dropped from a peak of 3,594.60 megawatts (MW) at about 1:00a.m. at midnight to a meagre 42.7MW at the point of writing this repo… Read More
In Somalia, women engineers are breaking barriers and defying stereotypes in the male-dominated construction industry. Faduma Mohamed Ali and Fathi Mohamed Abdi are among the few women worki… Read More
The Bank of England's decision on whether to raise interest rates is uncertain after a surprise drop in inflation. Prior to the August consumer price index reading, the market had predicted… Read More
Cisco announced its acquisition of cybersecurity software company Splunk in a cash deal worth around $28 billion, marking its largest acquisition to date. Splunk shares rose 21% following th… Read More
Engineers at RMIT University in Australia have developed a technique to make concrete 30% stronger by adding waste coffee grounds. The grounds are turned into biochar using a low-energy proc… Read More
TikTok’s Southeast Asian ambitions will take a major hit after Indonesia bans shopping transactions on social media apps, analysts told CNBC. On Wednesday, Indonesia set a one-week dea… Read More
Tensions between Serbia and Kosovo have escalated in recent months, with violence erupting in northern Kosovo in September. Analysts are concerned that this volatile situation could lead to… Read More
Political analysts are reacting to the Israel-Hamas conflict, with some calling it "Israel's 9/11" and a culmination of 50 years of failed military policies. At least 250 Israelis and 256 Pa… Read More
Oil prices rose 4% after Palestinian militants Hamas launched a surprise attack on Israel, extending the Israel-Hamas conflict into its third day. Global benchmark Brent traded at $88.02 a b… Read More
Chemical engineers at the Worcester Polytechnic Institute in Massachusetts are developing a process to convert plastic garbage collected from the ocean into fuel onboard diesel ships. The pr… Read More
According to analyst firm CCS Insight, smartphones with "self-healing" displays could be available by 2028. The technology would involve a nano coating on the surface of the display that rea… Read More
Shares of LVMH, the world's largest luxury firm, fell to their lowest level of the year after reporting a slowdown in revenue growth. The stock was down 6% and trading at €689.4 ($730.9… Read More
Chinese property giant Country Garden Holdings has missed a HK$470 million ($60 million) loan repayment and warned that it may not be able to repay all of its creditors. The company has abou… Read More
JPMorgan Chase reported a 35% increase in profit for the third quarter, surpassing analysts' expectations. The bank benefited from higher interest income and lower credit costs. CEO Jamie Di… Read More
The United States is providing $12 million in immediate humanitarian assistance for Afghanistan after multiple earthquakes killed nearly 1,200 people and destroyed villages in the western He… Read More
Karin, a Swedish woman, has become the first person to receive a below-the-elbow prosthetic limb that fuses bone with metal and electrodes. Developed by a multidisciplinary team of engineers… Read More
Goldman Sachs has reported better-than-expected third-quarter profit and revenue, driven by stronger trading revenue. The bank's profit dropped 33% to $2.058 billion, while revenue slipped 1… Read More
Taiwan Semiconductor Manufacturing Company (TSMC), the world's largest chipmaker, reported a third-quarter profit of 211 billion New Taiwan dollars ($6.69 billion), marking its biggest drop… Read More
With the help of artificial intelligence (AI), an ancient papyrus scroll destroyed in the library of Pompeii has been deciphered, offering Roman scholars the opportunity to rediscover knowle… Read More
The Kansas City Chiefs, a team with a rich history and a recent track record of success, are once again in the spotlight as the 2023-24 NFL season unfolds. With the season well underway, man… Read More
Microsoft is set to report its fiscal first-quarter results after the U.S. market closes on Tuesday. Analysts expect the company to increase revenue by around 9% from greater corporate spend… Read More
Deutsche Bank reported a third-quarter net profit of €1.031 billion, which slightly exceeded expectations, despite an 8% decline compared to the previous year. Analysts had predicted a… Read More
Engineers working on sea defenses in the UK discovered dinosaur footprints on the Yaverland seafront on the Isle of Wight. The footprints are believed to be from a mantellisaurus, which had… Read More
Shares of Amazon surged over 6% after the company reported better-than-expected third-quarter earnings. The company's revenue increased by 13% to $143.1 billion, while net income more than t… Read More
UBS shares rose by 4% after the bank reported a strong underlying profit of $844 million, surpassing expectations. However, due to expenses related to the integration of Credit Suisse, UBS p… Read More
China's consumer prices fell by 0.2% in October, indicating an uneven post-Covid recovery in the country. This decline was larger than expected and follows a flat CPI in September. Producer… Read More
In the realm of construction, the mastery of concrete mix stands as an indispensable cornerstone for achieving triumph in any project. Be it the crafting of a modest do-it-yourself endeavor… Read More
The Kremlin is confident that Russian President Vladimir Putin will win the 2024 presidential election if he chooses to run for another term. Dmitry Peskov, the Kremlin's press secretary, st… Read More
China's largest chipmaker, SMIC, has reported an 80% drop in third-quarter profit due to weak global demand. Net income for the quarter ended September fell 80% compared to the previous year… Read More
Shares of ed-tech company 2U plummeted 57% and fell below $1 after a disappointing forecast and reports of universities terminating their contracts. The company reported a net loss of $47.4… Read More
Introduction:
The geographical location of a property plays a pivotal role in determining the construction standards it must adhere to. One of the critical considerations is the seismic r… Read More
Walmart reported higher-than-expected earnings for the fiscal third quarter, but gave a cautious outlook for consumer spending. The company's shares fell over 6% as it saw a weakening in con… Read More
Chinese e-commerce giant Alibaba lost $20 billion in market value after announcing that it would not spin off and list its cloud computing business due to US export restrictions on advanced… Read More
Chemical engineers at the Worcester Polytechnic Institute in Massachusetts have developed a process called hydrothermal liquefaction (HTL) that can transform plastic waste into fuel on board… Read More
Introduction:
The construction industry is constantly evolving, with builders and architects seeking innovative and efficient materials to meet the demands of modern structures. One such… Read More
This massive entertainment company is now laying off 900 workers, or 8% of the units global employees, sources report.
Sony on Tuesday said it will lay off about 900 employees in its Pla… Read More
This cosmetics company now makes painful closures and layoffs, part of a rigorous restructuring plan taking place in just weeks.
The UK administrators of The Body Shop have provided more… Read More
This popular retailer is now laying off 100 employees affecting about 2.5% of the company’s workforce, sources report.
The Container Store this week laid off about 100 employees, ro… Read More
A restaurant in California now announces an unexpected closure after 25 years of businesses, sources report.
The Chevys Fresh Mex establishment in Emeryville – around 10 miles from… Read More
This massive US company will now lay off in California, as well as other prominent states such as Ohio and Pennsylvania, sources report.
UPS is laying off employees at facilities in Calif… Read More