Tesla and BYD have developed into unlikely partners lately. A media report questioned that, but both Tesla and BYD have come out and said that their partnership is continuing. The two companies didn’t use to be on friendly terms. There was a time when they didn’t take each other very seriously; there’s an infamous interview
After the debacle of Liz Truss’s September mini-budget, with all its mega ramifications, and an autumn statement eight weeks later that performed an about-turn so big that the country’s tax burden hit a 70-year-high, Wednesday’s budget will be all about stability and sticking to the plan. “No big bangs in this budget,” is how one
10:04 AM ET Federal lawmakers are taking their first steps toward considering legislation for college sports since a new Congress was installed. A spokesman for the House Energy and Commerce Committee told ESPN on Tuesday it plans to host a hearing to discuss the name, image and likeness (NIL) rights of college athletes on March
In this article AMZN MSFT ZM EBAY TWLO Follow your favorite stocksCREATE FREE ACCOUNT Sundar Pichai, CEO, Alphabet Lluis Gene | AFP | Getty Images The job cuts in tech land are piling up, as companies that led the 10-year bull market adapt to a new reality. In January, Google announced plans to lay off
In this article GOOGL Follow your favorite stocksCREATE FREE ACCOUNT Google Cloud CEO Thomas Kurian speaks at the Google Cloud Next event in San Francisco on April 9, 2019. Michael Short | Bloomberg | Getty Images Google is deepening its push into generative artificial intelligence, introducing features Tuesday that will let users create text in
Meta, the owner of Facebook and Instagram, is axing another 10,000 jobs to cut costs. The company said on Tuesday it will reduce the size of its recruiting team and make further cuts in its tech groups in late April, and then its business groups in late May. “We expect to reduce our team size
FIFA is set to approve an expansion of the men’s World Cup today with 40 more matches from the 2026 tournament in North America, Sky News understands. The decision to grow from 64 to 104 matches – rather than the 80 originally planned in 2026 – is due to come at a meeting of the
US inflation dropped to 6% over the 12 months to February, complicating the picture for interest rates as banks and stock markets feel the hit from the Silicon Valley Bank (SVB) collapse. The US Bureau of Labor Statistics (BLS) said the consumer price index (CPI), the measure of inflation, was down from 6.4% in the
McLaren Group, the supercar manufacturer and Formula One team-owner, has received a £70m funding boost from investors in the first stage of a wider capital-raising plan. Sky News has learnt that the Surrey-based automotive group has been handed the funding by a group of its existing shareholders. Sources said the share sale was part of
Technology investors and founders representing over £560bn in capital raised and fund assets under management have expressed relief about the rescue of Silicon Valley Bank UK in an open letter to Rishi Sunak and banking regulators. More than 860 industry figures have put their names to the letter, which was coordinated hours after HSBC Holdings
China has hit out at the US, UK and Australia over their pact to create new nuclear-powered submarines, saying they have “gone further down a dangerous road”. It follows Rishi Sunak meeting US President Joe Biden and Australian Prime Minister Anthony Albanese in San Diego to announce the next stage of the Aukus partnership plan.
Joe Biden will visit Northern Ireland following a formal invitation from Prime Minister Rishi Sunak. The invitation was extended as the pair met for talks in San Diego to announce a nuclear submarine deal with Australia. “It’s my intention to go to Northern Ireland and the Republic,” Mr Biden said as they met in Point
In this article UBER LYFT DASH Follow your favorite stocksCREATE FREE ACCOUNT Ride-sharing apps, including Uber and Lyft, can continue to treat their drivers as independent contractors, a California appeals court ruled on Monday, overturning a lower-court decision that barred them from doing so. In Nov. 2020, California voters approved Proposition 22, which allowed ride-sharing
Thin-film solar panel maker Ascent Solar Technologies announced today that it’s going to repurpose its Thornton, Colorado, factory to accelerate industrial-scale commercialization of perovskite solar modules. Perovskite solar cells use a thin film of perovskite to harvest light, and they have the potential to be a low-cost, power-conversion-efficient alternative to traditional silicon-based solar cells. However,
Volkswagen has officially selected St. Thomas, Ontario, as the home for its first North American EV battery cell plant Monday, after revealing its rugged electric SUV and pickup line Scout will build EVs in South Carolina. The initiatives are part of the the VW Group’s broader North American EV strategy. Shortly after the Inflation Reduction
The Biden administration said on Monday that it’s approving the Willow oil drilling project in the National Petroleum Reserve-Alaska. New oil drilling in Alaska Biden’s Willow plan will allow three drill sites in the National Petroleum Reserve on Alaska’s North Slope. ConocoPhillips, which is developing the oil drilling project, has said it will include around
During its annual press conference earlier today, Porsche AG is reporting four new financial records for 2022 following a successful IPO last fall. With record revenues for the previous year, Porsche now looks ahead toward its goal of delivering 80% electrification throughout its entire vehicle lineup by 2030 and has updated the public on what
Tesla Model S Plaid is finally delivering on original promises to achieve a 200 mph top speed with its new ceramic brakes. When Tesla first announced the Model S Plaid, its new top-performance flagship electric vehicle, the automaker promised a top speed of 200 mph (322 km/h). However, when it was first delivered last year,
Lexus has begun accepting orders for its first fully electric vehicle, the RZ 450e, an upscale luxury alternative to the Toyota bZ4X. Check out the latest RZ 450e images from Lexus below. Lexus RZ 450e electric vehicle images and specs Like parent company Toyota, Lexus is playing catch up when it comes to fully electric
High-profile figures from sport and broadcasting appear to have poked fun at the BBC over its U-turn on the Gary Lineker impartiality row. After the corporation last Friday suspended the Match of the Day presenter, 62, for his tweets criticising the government’s migration policy, it has now agreed to allow him back on air this