Other news

Shareholders of the largest electric car manufacturer in the world have decided to split the deal with a 3:1 ratio. The goal of the share split is to further attract retail investors, as well as bring the market value of Tesla's shares down to $300.

Boeing Co and Northrop signed up for a White House-backed program. The goal of the program is to help promote the adoption of 3D printing and other advanced technologies among U.S. suppliers, presented by medium- and small-sized businesses.

The Federal Reserve System (Fed), acting as the U.S. central bank, announced one more interest rate increase. This measure is applied to curb unprecedented consumer prices growth as of August 17.

Ford continues pursuing the previously chosen course of developing its own line of electrical vehicles, with an initial release of two million vehicles being planned on 2026. The company is planning to spend $50 billion to support this area of production, which is an important element of its green strategy.

Home Depot Inc. posted stronger-than-expected quarterly results on Tuesday. The demand for construction materials and rising prices allowed the leading U.S. home improvement specialty retailer to reduce the bad effects of the decline in foot traffic.

Driverless cars will now be available on and around the Las Vegas Strip. Lyft announced on Tuesday the launch of a service similar to the one the company has provided for the past four years. However, there will be two drivers in the cars — they will take over the controls in case something goes wrong.

On Tuesday, the largest American retailer Walmart published a report for the quarter of 2022. The development prospects turned out to be higher than the expectations of investors, who are concerned about high inflation affecting demand.

To regulate and manage the inflation, it was decided by the RBNZ to raise the interest rate again, and the decision was announced on Wednesday together with a statement concerning the subsequent tightening of the monetary policy.

Alphabet Inc has been working on providing access to panoramic street views of several Indian cities for 11 years. On Wednesday, it was announced that Google had managed to meet the regulatory requirements of the government due to the changes made in the geospatial policy of the country.

The rate of consumer price inflation in Switzerland reached its 29-year high in June. It remained at 3.4%, lower than economists had forecast.