South Korean carmaking giant Hyundai has unveiled $21bn (£16.3bn) of investment in the US. The plan includes a new $5.8bn steel plant in the southern state of Louisiana. Hyundai also said it will expand its American vehicle production and invest […]
Hyundai unveils $21bn US investment as Trump tariffs loom Read More »
Chinese electric vehicle maker BYD has reported annual revenue for 2024 that has leapfrogged rival Tesla. The Shenzhen-based firm says revenue rose by 29% to come in at 777 billion yuan ($107bn; £83bn), boosted by sales of its hybrid vehicles.
China’s electric carmaker BYD sales beat Elon Musk’s Tesla Read More »
Disney’s live-action version of the classic fairy-tale Snow White has topped the North American box office chart despite a slew of underwhelming reviews. The movie has taken an estimated $87.3m (£67.5m) globally during its opening weekend, according to Box Office
Disney’s Snow White film tops box office despite bad reviews Read More »
US Commerce Secretary Howard Lutnick has said President Donald Trump will “probably” announce a deal to reduce tariffs on Canada and Mexico on Wednesday. “Both the Canadians and Mexicans were on the phone with me all day today trying to
Trump may meet Canada and Mexico ‘in the middle’, says US commerce chief Read More »
A Succession-like feud has engulfed one of Singapore’s richest families as Kwek Leng Beng, the executive chairman of property firm City Developments Limited (CDL), accused his son Sherman, who is the firm’s chief executive, of plotting a boardroom takeover. The
Succession-like feud engulfs Singapore’s richest family Read More »
Instagram is reportedly considering launching its short-form video feature, Reels, as a separate app as the future of Chinese-owned TikTok remains uncertain in the US. The social media platform’s boss Adam Mosseri told staff about the potential move this week,
Instagram considers standalone Reels app to take on TikTok Read More »
Singapore’s biggest bank says it expects to cut 4,000 roles over the next three years as artificial intelligence (AI) takes on more work currently done by humans. “The reduction in workforce will come from natural attrition as temporary and contract
Singapore’s biggest bank DBS to cut 4,000 roles as it embraces AI Read More »
A union representing more than 11,000 Starbucks baristas in the US says its members will hold a five-day strike starting Friday morning, in a dispute over pay and working conditions. Workers United says the walkouts will happen in Los Angeles,
Starbucks baristas to strike on Friday, union says Read More »
The sale of right-wing conspiracy theorist Alex Jones’s Infowars website to parody news platform The Onion has been rejected by a US bankruptcy judge. After a two-day hearing, Judge Christopher Lopez ruled that an auction for Infowars did not result
Judge rejects The Onion’s purchase of Alex Jones’s Infowars Read More »
General Motors has announced that it will stop funding the development of the Cruise self-driving taxi. The company says it will now “refocus autonomous driving development on personal vehicles”. GM also pointed to the increasingly competitive robotaxi market as a
General Motors pulls plug on Cruise robotaxi project Read More »
