Amid stock market fluctuations, fears of recession and higher interest rates, consumers last year pumped a record amount of money into annuities. Annuity is a type of insurance which offers a sure income stream. The amount funneled by buyers into annuities is $310.6 billion in last year, as per the estimates released by Limra, a trade group…
Dubai recently announced a huge $8.7 trillion economic plan for the coming decade with the aim to give boost to trade, foreign investment and its global hub status. The ruler of Dubai Sheikh Mohammed bin Rashid al Maktoum tweeted, “Dubai will rank as one of the top four global financial centers with an increase in…
Tesla has promoted itsChina chief Tom Zhu to take oversight of its U.S. assembly plants and sales operations in Europe and North America. Zhu’s position of vice president for Greater China remains unchanged as he retained his roles as Tesla’s senior-most executive for sales in the Asia as of 3rd January. This move makes Tom Zhu…
Apple iPhone supplier Foxconn intends to retain its employees at its main factory in China by offering them a subsidy of $718. Foxconn’s main factory in China is affected by protests due to Covid-19 pandemic. AppleInsider reported that Foxconn will offer a subsidy to employees who will continue to work from January 1 to March…
