22/04/2024 |
Tesla cuts prices in China, Germany and around globe after US cutsTesla has cut prices in a number of its major markets, including China and Germany, following price cuts in
the United States, as it grapples with falling sales and an
intensifying price war for electric vehicles (EVs), especially against
Chinese EVs. |
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Asking prices for UK homes close to record high, Rightmove saysPrices
of homes being sold in Britain are close to their record highs after
the biggest annual increase in a year, according to an industry survey
that suggested the momentum in the housing market of early 2024 extended
into April. |
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Nike to lay off 740 employees at Oregon headquartersNike will
lay off about 740 employees at its world headquarters in Oregon, a
letter showed on Friday, as the top sportswear maker looks to rein in
costs after warning of a revenue dip in the first half of fiscal 2025. |
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14/04/2024 |
Apple denies violating US court order in Epic Games lawsuitIPhone maker Apple on Friday denied violating a court order governing its App Store and urged a California federal judge to reject a request by “Fortnite” developer Epic Games to hold it in contempt. |
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Tesla cuts Full Self-Driving subscription prices in US, CanadaElon Musk's Tesla said on Friday it has cut prices of its Full Self-Driving(FSD) subscriptions in the United STates and Canada, as it seeks to drive adoption amid softening demand and price competition. |
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Hedge fund Barington urges Paramount to scrap talks with SkydanceHedge
fund Barington Capital on Friday urged Paramount Global to scrap its
exclusive merger talks with Skydance Media, arguing all shareholders
would benefit if the company looked at other potential bidders. |
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09/04/2024 |
US will not accept Chinese imports decimating new industriesU.S.
Treasury Secretary Janet Yellen warned China on Monday that Washington
will not accept new industries being decimated by Chinese imports, as
she wrapped up four days of meetings to press her case for Beijing to
rein in excess industrial capacity. |
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How food companies like Coke and Kraft-Heinz are targeting low-income AmericansAmericans
relying on government benefits to buy food and other essentials are
slashing spending, prompting food makers like Kraft-Heinz and Conagra Brandsto overhaul their products and strategies following years of price hikes. |
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Google's contemplated mega deal would prompt new fight with regulatorsGoogle parent Alphabet's contemplated acquisition of marketing software company HubSpot would
likely spark opposition from regulators even as many experts agree it
would not curb competition, and would require the technology giant to
open a new front in its battle with antitrust watchdogs. |
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25/03/2024 |
China blocks use of Intel and AMD chips in government computersChina has introduced guidelines to phase out U.S. microprocessors from Intel and AMD from government personal computers and servers, the Financial Times reported on Sunday. |
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