The People’s Republic of Bangladesh, also referred to as Bangladesh, is a country located in South Asia with a population of around 169 million residents as of 2022. It is bordered by India, Myanmar, Nepal, and China. According to reports, Cyclone Remal made landfall in the coastal regions of Bangladesh and West Bengal, India, on…
IKEA: $4.5 Million Investment In Australia
IKEA is a Swedish multinational conglomerate that specializes in affordable, stylish, and functional home furnishings and accessories, kitchen appliances, and various other goods and home services. It was founded in 1943 and is headquartered in the Netherlands. As of 2008, IKEA has been the world’s largest furniture retailer. According to reports, IKEA has announced plans…
United States: Memorial Day 2024
Memorial Day, previously known as Decoration Day, is a federal holiday in the United States that is observed today, May 27, 2024. It is a day to remember and honor the men and women who died while serving in the United States Armed Forces. The holiday is observed on the last Monday in May and…
Lucid Motors To Layoff 6%
Lucid Motors has announced plans to lay off 6% of its workforce, which amounts to 400 employees, as a result of slow growth in the electric vehicle industry. The report further mentions that the layoffs will cost the company $21 million to $25 million USD and are expected to be completed by the end of…
AWS: $17 Billion Investment In Spain
AWS, Amazon Web Services, has announced plans to invest $17 billion USD to expand its data centers in Spain. The investment is expected to create 6,800 jobs in the Aragon region of Spain and contribute $24 billion USD to Spain’s GDP over the next decade. It will also support 17,500 jobs in local businesses. The…
Foursquare To Layoff 105
Foursquare Labs Inc., also known as Foursquare, is a technology company founded in 2009 and headquartered in New York. It specializes in location intelligence and data analysis. The company is known for its mobile app, Foursquare City Guide that allows users discover and share information about businesses, venues and point of interest. According to reports,…
Google: Fibre Optic Cable To Connect Africa With Australia
Google has announced plans to build the first subsea fiber optic cable called Umoja to connect Africa to Australia as it aims to improve internet connectivity on the continent. The Umoja cable will be anchored in Kenya and will pass through Uganda, Rwanda, the Democratic Republic of the Congo, Zambia, Zimbabwe, and South Africa before…
South Korea: $19 Billion Chip Industry Investment
South Korea has announced plans to invest $19 billion USD in a support package for the countries semiconductor chip industry. This plan includes the $7.30 billion USD investment package previously reported by Incognito blog, which aims to boost chip materials, equipment makers, and fabless companies throughout the semiconductor supply chain. The support package will also…
Ericsson: $50 Million 5G Factory Investment
Ericsson has announced plans to invest an additional $50 million USD to expand its 5G factory in Lewisville, Texas. The factory opened in 2020 and has been shipping 5G network products, including 5G and Massive MIMO radios, to all tier-one communications service providers in the United States. This investment will allow Ericsson to accelerate production…
Lamborghini Recalls 2,133 Vehicles
Lamborghini has issued a recall of 2,133 vehicles because the hood may open while driving. According to the notice from the National Highway Traffic Safety Administration (NHTSA), small gaps may form between the hood and front bumper when the vehicle is at high speed and can cause the separated hood latch to open and increase…