Business News

More charging power, higher range, lower environmental impact: In the COOLBat joint research project, researchers from the Fraunhofer Institute for Machine Tools and Forming Technology IWU have teamed up with partners to develop next-generation battery enclosures for electric vehicles.

German automotive giant Volkswagen said Monday it could take the unprecedented move to close production sites in Germany and threatened further job cuts as its savings plans stalled.

China-Africa relations have deepened over the past two decades, characterized by increased economic cooperation, investment and infrastructure development. China is now Africa's largest trading partner, with partnerships focused on building roads, railways and energy projects.

It's fairly well known that women receive less favorable loan terms from salespeople, on average, than men when they borrow money. One recent study into lending practices in US car dealerships recently confirmed as much. Equally, it has been found in bank lending and mortgages for many years around the world.

Mention "Asset-backed securities" (ABS) to certain finance professionals and investors, and the turmoil of the 2008 Financial Crisis immediately comes to mind. The causes of this generation's version of The Great Depression have been thoroughly documented, ranging from a low-interest rate environment to a lack of transparency in the collaterization of subprime mortgages that served as the underlying assets for trillions of dollars' worth of securities.

The world's biggest AI companies are releasing new usage data showing significant growth as competition in the generative artificial intelligence sector heats up.

From Monday August 26, many employees in Australia get a new right, called the right to disconnect from work.

Every day, millions of people use Spotify to stream music. A few years ago, it would've felt like an impossibility: Click, and bam—a seemingly endless catalog of recorded music opens up, right at your fingertips.

Generative AI tools will save companies lots of time and money, promises Vik Singh, a Microsoft vice president, even if the models must learn to admit when they just don't know what to do.

Children giggle as young people flash their smartphones to film robots carrying plates of freshly prepared meals on their inbuilt trays to deliver to diners in a busy eatery in Kenya's capital.

Imagine a customer-service center that speaks your language, no matter what it is.

Electric car sales in Norway took a 94-percent share of the market in August—a new world record—statistics showed Monday, as sales in the rest of Europe stagnate.

Taylor Swift's dedicated fans are proving to be an unstoppable force for Kamala Harris' presidential campaign ... putting their superfan energy into some serious fundraising for the Vice President.

Bringing you the latest updates on funding deals and activities in the Asia Pacific.

The potential acquisition of Runergy by Tongwei raises concerns about market dynamics in the solar industry.

Chinese companies are increasingly looking to Dubai as a gateway to the Middle East, driven by the city's D33 initiatives.

Using 3D printing technology and ultrasonic joining techniques, researchers at TU Graz have succeeded in attaining an extremely strong joining of a renewable raw material wood with metal and polymer composite.

Leading Chinese automaker BYD posted on Wednesday a 24.4 percent rise in net profit for the first half of 2024, boosted by continuing strong demand for electric cars in its home and overseas markets.

Ethiopia said it has more than doubled electricity production from its controversial mega-dam on the Blue Nile after two more turbines started operations.

Hundreds of rows of gleaming panels blanket swathes of scrubby sand at sunset in a remote northern Chinese desert—once the biggest solar farm in the world.