Ford is putting “everything on the table” to keep up with Tesla and fast-rising Chinese EV makers like BYD. In a new memo, Ford asked suppliers to cut EV costs after its Model e unit continued to bleed billions in Q1. Like many rivals, Ford introduced significant price reductions to keep up with Tesla’s price
The sun sets behind a pumpjack during a gusty night on March 24, 2024 in Fort Stockton, Texas. Brandon Bell | Getty Images Oil prices held firm Thursday as stockpiles in the U.S. fell for a second week and inflation eased. U.S. crude stockpiles declined by 2.5 million barrels last week as refiners processed more
The new British boss of Wefox, one of Europe’s biggest insurance technology companies, has warned investors that it could face collapse within months as it contends with a slew of regulatory and financial challenges. Sky News has learnt that Wefox believes it could become insolvent by the summer unless it can secure the sale of
Australia’s richest woman is reported to have made a demand that her portrait be removed from an exhibition. The portrait is currently on display at the National Gallery of Australia alongside a collection of other works by the award-winning artist Vincent Namatjira. Complete with double chin, it portrays mining billionaire Gina Rinehart in what some
Police are to dig again for the body of murdered Muriel McKay after her killer agreed to reveal where he buried her 54 years ago. The move follows a tireless campaign by her family who flew to Trinidad to persuade her killer Nizam Hosein to pinpoint the burial site earlier this year. Hosein was convicted
Russian President Vladimir Putin has thanked Xi Jinping for China’s efforts to resolve the Ukraine conflict. The two leaders met in Beijing where the Chinese president said he hoped Europe will return to peace and stability soon. Ukraine war latest:Putin in China; Russia advancing Image: Russian President Vladimir Putin and Chinese President Xi Jinping exchange
In this article MSFT Follow your favorite stocksCREATE FREE ACCOUNT A man walks past Microsoft’s local headquarters in Beijing on July 20, 2021. Noel Celis | Afp | Getty Images Microsoft has reportedly asked China-based cloud computing and artificial intelligence operations employees to consider relocating out of the country, as Washington cracks down on Beijing’s
Shailendra Singh, managing director of Peak XV Partners. Lionel Ng | Bloomberg | Getty Images India offers a “very favorable” environment for companies to launch initial public offerings, said Shailendra Singh, managing director at Peak XV Partners, formerly Sequoia Capital India & Southeast Asia. “My general view is, especially in Indian public markets, the regulatory
Associated Press May 15, 2024, 07:21 PM ET Open Extended Reactions RIO DE JANEIRO — Brazil’s soccer confederation has suspended the next two rounds of its national league because of massive floods in the country’s south. The move Wednesday came after a request for a halt from 15 of the 20 clubs in the top-flight
Associated Press May 15, 2024, 09:36 AM ET Open Extended Reactions ROME — Aryna Sabalenka showed no ill effects from her previous marathon match as she eased past Jelena Ostapenko to reach the semifinals of the Italian Open on Wednesday. The second-seeded Sabalenka needed just 73 minutes to win 6-2, 6-4, setting up match point
Shailendra Singh. Lionel Ng | Bloomberg | Getty Images China will remain an important market for investors in the long term, even if other countries are now benefiting from investments flowing out of China amid escalating tensions with the U.S., according to Peak XV Partners, formerly Sequoia Capital India and Southeast Asia. “The China Plus
Those responsible in the infected blood scandal should face prison, the mayor of Greater Manchester has said. Andy Burnham, who secured his third term as mayor in the local elections earlier this month, has also warned victims should not be left in the “wilderness” waiting for justice. He said there had been a “criminal cover
In this article UBER Follow your favorite stocksCREATE FREE ACCOUNT CEO of Uber, Dara Khosrowshahi, speaks onstage during GE The Lean Mindset: The Pursuit Of Progress Event at Chelsea Industrial on September 06, 2023 in New York City. Ilya S. Savenok | Getty Images Entertainment | Getty Images Uber on Wednesday announced several new product
In this article DELL NVDA Follow your favorite stocksCREATE FREE ACCOUNT Michael Dell, Chairman and CEO of Dell Technologies, is speaking at the Mobile World Congress 2024 in Barcelona, Spain, on February 27, 2024. Joan Cros | Nurphoto | Getty Images Dell shares rose more than 9% on Wednesday to an all-time high after Morgan
In this article BTC.CM= Follow your favorite stocksCREATE FREE ACCOUNT Nicolas Economou | Nurphoto | Getty Images Bitcoin jumped with stocks on Wednesday after the April consumer price index showed inflation eased from the previous month. The price of the cryptocurrency was last higher by more than 5% at $64,910.57, according to Coin Metrics, and
You’ve heard of the transatlantic ‘Special Relationship’. This is the “No Limits” partnership – a term coined when Vladimir Putin visited Beijing in February 2022. It was just days before he ordered the full-scale invasion of Ukraine. A lot’s changed for Russia since then, of course. It’s now an international pariah. One thing that hasn’t
If you’ve been eyeing a new Kia electric vehicle, now may be the perfect time to start shopping. Kia is offering up to $12,000 off 2024 EV6 and EV9 models with some of its biggest discounts yet. The EV6 was introduced in March 2021 as Kia’s first dedicated electric car based on Hyundai’s E-GMP platform
A teacher made a “naked attempt to garner sympathy” bringing a baby bonnet to court that belonged to a child fathered by one of the teenagers she is accused of having had sex with, a court heard. Rebecca Joynes continues to deny allegations that she had sex with one schoolboy, boy A, and insists in
Myron Medcalf, ESPN Staff WriterMay 14, 2024, 11:57 AM ET Close Covers college basketball Joined ESPN.com in 2011 Graduate of Minnesota State University, Mankato In his first public comments ahead of his June sexual assault trial, former Illinois star Terrence Shannon Jr. said Monday during the NBA draft combine that he understands the “serious” charges
In this article GOOGL AMZN CRM META Follow your favorite stocksCREATE FREE ACCOUNT Omar Marques | Lightrocket | Getty Images Instagram co-founder Mike Krieger will join artificial intelligence firm Anthropic as chief product officer, the company announced Wednesday. Krieger, the former chief technology officer of Meta-owned Instagram, grew the platform to 1 billion users and