It is not Tesla, but Rivian, the company designed and manufactured the customer version of the EV truck much before the giants in the industry and even Tesla did it.

If given opportunities and funds, the small innovator can play a better role to launch new products which are useful for the world.

To save money for setting up its own plant, the company has used the manufacturing unit of Mitsibishi in Illinois. The company challenges the users asking them to return the vehicle if they find any defects within 7 days or within 1000 miles of driving.

Though Ford and Amazon are investors in Rivian, the former is still ambitious to roll out its own version of EV for consumers, eyeing the huge market for this version in the coming years.

GM is coming up with Chevrolet Silverado and GMC Sierra, and the opportunity to get the market share is immense.

This $73,000 EV truck R1T pick-up truck started taking orders for the delivery in 2022.

The company will go for an IPO only after it starts making sound revenue.

Still, they are trying to do something big mustering courage and with immense confidence.

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IVT Global News Agency/Cathey Pacific

A massive staff exodus forced Cathy Pacific to allure staff with incentives.

Cathy Pacific, one of the most reputed airlines, found a massive exodus due to these stringent pandemic rules and grounded many flights due to pandemic restrictions. They had forced the restrictions through strict quarantine, forcing unpaid leave and long flying hours. Many crew members have left the company, and Cathy is now facing a massive shortage of staff.

The company has come up with many alluring packages to retain its pilots, including paying them on an hourly basis and providing special children's education facilities. While working restricted hours and receiving less pay and being quarantined, this staff is already under stress, both psychological and financial. Singapore Airlines restored its financial stability by expanding its operational networks while Cathy remained within only 2% of its operational capacity, resulting in a loss and shortage of salary and perks for the staff.

Airlines always face problems when a pandemic breaks out anywhere in the world, and so is the case with hotel industries. In 2020, the total revenue loss for the aviation industry was close to $252 million, while in 2021 it rose to $47 billion, and international passenger demand has reduced by up to 76%. The aviation industry provides a livelihood for more than 11.3 million people across the world.

Cathey Pacific employs more than 34,000 employees worldwide. And many of them have been laid off partially or fully during the pandemic lockdown. The airline lost revenue and went under loss during the pandemic-a loss of HK $434 million in the second half of 2019, compared to an attributable profit of HK $675 million in the first half of 2019 and an attributable profit of HK $1,253 million in the second half of 2018. Cathey Pacific lost a $2.79 billion loss in 2020. And the loss was HK $5,527 million in 2021.

Cathey Pacific is one of the most reputed airlines for its record on safety ratings and optimal luxury and comfort.

IBT/2/IVT Global News Agency

SB Energy secured a $600 million fund

Softbank's energy unit, SB Energy, secured a $600 million fund to expand its operation. This company was born in 2019, and in a short span of time, it has started producing and supplying about 1.3 gigawatts of power from solar energy. The ultimate objective of the company is to produce renewable energy and supply it to the customers that it is needed to, whether it is a corporate customer, an individual customer, or a government for public utility.

In India, the SB Energy Private Limited SB Energy Global was initially launched as a joint venture between Japan-based telecommunications and internet giant SoftBank Group Corp., Indian business conglomerate Bharti Enterprises, and Taiwanese design and manufacturing services provider Foxconn Technology Group. The downside is that Soft Energy Global is selling its India unit, which produces five-gigawatt renewable power assets, to its rival Adani Renewables for a price of $3.5 billion.

SB Energy Holding was launched in 2009, based in Orlando, FL. The main objective was to develop alternative renewable energy in Latin America, North America, and the Caribbean.

Besides renewable energy production and supply, the company plans to be part of energy storage devices to help power homes and artificial intelligence. Presently, the company has 500 MW in development in Argentina, the Bahamas, Honduras, Mexico, Nicaragua, and North America. The company has a plan to have 10 gigawatts of renewable energy and storage in operation or under construction by the end of 2025.

Munger's Daily Journal Betting on Alibaba

Though the Chinese political leadership and the rest of the world are on a war of words and a war path echoing the bugle of the Third World War - a black horse betting on China is Munger's Daily Journal, and they are buying shares of Alibaba and adding more fire power into its growth graph. Daily journal owns now 302,000 shares from its earliest possession of 165,000 shares of Alibaba. This is equal to $45-M investment. When Munger praised China a few days ago, none knew what was in his mind. The isolated China and power shortage are bleeding its economy. When China is at its low, Munger found an opportunity to buy shares like any talented investor. Charlie Munger is the VP of Berkshire Hathaway.

The Black Representation Increase Movement is taking shape in America.

The fact is that the Blacks in the core board of Directors in the Fortune 500 companies are found much lesser than the educated Blacks who can take such responsibility are filled in the market. Amazon (AMZN), Microsoft (MSFT), Starbucks (SBUX) and Zillow (Z) are taking initiatives to fill enough or adequate number of Blacks in the board by 2028. This is an encouraging initiative as the educational level and capability among blacks are much more than it was/used to be many years ago. Their competency is as good as any other board members. The initiates include discovering potential candidates and giving them a six-month training to groom them to take the task of board room guys and also connect with the corporate giving them enough exposure through proper networking.