The Jishishan County in Gansu Province, China, is located in a mountainous area, with a population of 239,390 residents as of 2020. It is considered to be the poorest and most ethnically diverse county in China. It is bordered by the Yellow River and Qinghai province. The county experienced an earthquake with a magnitude of…
Nippon Steel: $14.1 Billion US Steel Deal
Nippon Steel Corporation is Japan’s largest steelmaker, founded in 1950 and headquartered in Chiyoda, Tokyo. The company has four business segments, including steelmaking, engineering, chemicals, and system solutions. It is the largest producer of crude steel in Japan and the third largest in the world. According to reports, Nippon Steel has agreed to acquire US…
IBM: $2.3 Billion Software AG Acquisition Deal
The International Business Machines Corporation, also called Big Blue, is an American multinational technology corporation founded in 1911 and headquartered in Armonk, New York. Present in 177 countries, IBM is the largest industrial research organization in the world, specializing in computer hardware, middleware, and software solutions. According to reports, IBM will acquire two subsidiaries of…
Australia: Cyclone Jasper Makes Landfall
Queensland is a state in northeastern Australia and the third most populous of the Australian states, with a population of over 5.3 million residents as of 2022. It is bordered by the Northern Territory, South Australia, New South Wales, the Coral Sea, the Pacific Ocean, and the Torres Strait. Cairns is a city on the…
Argentina: Flood kills 16
The Argentine Republic, commonly called Argentina, is a country in the southern half of South America, with a population of 47 million residents as of 2022. Argentina covers an area of 1,073,500 sq mi, making it the second-largest country in South America after Brazil, and the eighth-largest country in the world. The capital and largest…
USA: $18 million Illegal E-cigarettes Seized
The US Customs and Border Protection and the Food and Drug Administration (FDA), have seized over 1.4 million illegal e-cigarettes from overseas manufacturers valued at $18 million USD. This includes the popular Elf Bar vape brand, known for its fruity flavored disposable vapes that has become the top choice among American teens. Other brands seized…
Cruise to Layoff 24%
Cruise has announced a 24% workforce reduction in a bid to cut costs and restructure processes across the company due to changing market demands and multiple collision notices, as reported by Incognito Blog in November 2023. The job cuts will supposedly affect teammates in the non-engineering and commercial operations departments, which amounts to approximately 900…
Etsy to Layoff 11%
Etsy, Inc. is an American e-commerce company focused on handmade vintage items and craft supplies. The company was founded in June 2005 and is headquartered in Brooklyn, New York. The items sold on the platform include jewelry, bags, clothing, home decor, furniture, toys, art, and tools. Sellers are given a personal E-store front to list…
Tornado Sweeps Across Tennessee
Tennessee is a landlocked state in the southeastern region of the United States. It is the 15th most populous state with a population of 7 million residents as of 2022. Tennessee is bordered by Kentucky, Virginia, North Carolina, Georgia, Alabama, Mississippi, Arkansas, and Missouri. According to reports, a tornado made landfall with winds of 150…
TikTok Shop: $1.5 Billion Tokopedia Deal
Tokopedia is the largest e-commerce company in Indonesia, with its headquarters in Jakarta. In May 2021, following a merger with an on-demand multi-service and digital payment platform, Gojek, the company became a subsidiary of a new holding company called GoTo. The company boasts of approximately 100 million active monthly users. According to reports, TikTok plans…