Pressure is mounting on the UK government to slap a temporary tax on the earnings of the country’s largest oil firms to assist families cope with rising energy costs. BP (BP) reported earnings on Tuesday, showing a nearly $12.9 billion yearly profit. A “momentous” year for Shell (RDSA) resulted in a profit of $19.3 billion…
In a new SEC filing, Tesla (TSLA) provided an update on its Bitcoin holdings, indicating that the company currently has $1.99 billion in the digital currency at its disposal. Tesla made a $1.5 billion investment in Bitcoin at the start of the year 2021. After a short period of time, the company began taking bitcoin…
Read More “About $2 billion in Bitcoin is currently in the possession of Tesla Motors” »
Ford’s fourth-quarter earnings were unexpectedly lower than projected, but the firm said it expects a better year in 2022. Except for extraordinary things, the company’s profit was $1.1 billion, a decrease from $1.4 billion a year earlier on the same basis. Earnings were expected to rise to $1.7 billion, according to Refinitiv’s poll of analysts….
Read More “Ford’s profitability were harmed by a scarcity of chips” »
For as much as $20 billion, Bloomberg reports that Ford is planning to overhaul its business to prepare for the electric future. Additionally, the automaker is considering whether to spin off some of its EV business as a special acquisition company (SPAC). When it comes to electric and self-driving vehicles, Ford has previously stated that…
Although electric cars were focused on at the Detroit auto show, cars that run on petrol are still required to fund electrical dreams. Without fuel-run cars, companies will not be able to pay for investments needed for development of electrical vehicles. Ford and General Motors had already made announcements prior to the show about their…
Read More “Fuel-powered cars must help pay for electric vehicles’ development in the future” »
While plastics remain one of the most commonly used components in households and industries, their applications are continually evolving. This is particularly true in terms of how we manufacture and engineer plastics. What is Plastic Compounding, and how does it work? The process of modifying basic, raw plastic material with numerous additives to satisfy colour,…
Read More “What Exactly Is Plastic Compounding And How Does It Work?” »