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Tesla mulls building new EV in mid-2025
Tesla Inc. plans to start production of a new mass market electric vehicle (EV) called Redwood in mid-2025.
LG Display posts 1st profit in 7 quarters
LG Display, South Korea’s flatscreen maker, posted its first profit in seven quarters amid increasing shipments of…
BYD becomes China’s best selling car brand
BYD Co. has overthrown Volkswagen AG to become China’s best-selling car brand in 2023, Bloomberg reported on…
Apple to pay $13.7 mln fine to Russia
Apple Inc. has paid a fine of 1.2 billion roubles ($13.65 million) to Russia, Reuters reported on Monday, citing…
Humans still cost-effective than AI – study
Human beings are still more cost-effective than artificial intelligence in the majority of jobs, Bloomberg reported…
UK’s Trifast to cut 10% jobs globally
The UK maker and distributor of industrial fastenings Trifast forecasts a decline in 2024 fiscal year revenue to…
Terraform Labs files for bankruptcy protection
Terraform Labs filed for Chapter 11 bankruptcy in the United States according to court papers filed on Sunday and…
Sony terminates $10 bln Zee India merger
Japan’s Sony Group said on Monday it has terminated the Zee Entertainment merger worth $10 billion, due to an…
Bosch to cut 1,200 jobs in software division by ’26
Bosch, the German automotive supplier, will cut 1,200 jobs in the software development division by the end of 2026,…
Meta’s AI-supported Ad campaigns boost returns by 32%
Ads on applications from Meta Platforms Inc. saw an increase in return on spending by an average of 32 per cent,…