Business News

VW to invest $5 bn in EV maker Rivian, establishing joint venture
2024-06-26 08:46:40
German auto giant Volkswagen will invest $5 billion in US electric vehicle maker Rivian and create a joint venture expected to produce technology used by both automakers, the companies announced Tuesday.
GM brings in new CEO to steer troubled Cruise robotaxi service while Waymo ramps up in San Francisco
2024-06-26 08:46:28
General Motors on Tuesday named a veteran technology executive with roots in the video game industry to steer its troubled robotaxi service Cruise as it tries to recover from a gruesome collision that triggered the suspension of its California license.
Waymo robotaxi service opens to all in San Francisco
2024-06-26 08:46:28
The Google-owned Waymo robotaxi service on Tuesday became available to anyone in San Francisco interested in hailing a driverless ride.
The owner of Toys ‘R’ Us just used OpenAI’s Sora to animate the zombie brand
2024-06-26 02:49:05
It’s the “first ever brand film created with Sora.”
There's a huge sale on Dewalt tools happening ahead of Amazon Prime Day
2024-06-25 18:49:53
We found big pre-Prime Day discounts on best-selling Dewalt oscillating tools, saws and drill bits on Amazon.
5 easy ways to earn $500 with a CD now
2024-06-25 18:49:52
There are several easy ways to earn $500 with a CD right now. Here are five options to get you started.
Here's how much the price of gold has dropped since May (and why you should still invest)
2024-06-25 18:49:49
The price of gold has dropped significantly from a record high in May. Here's why you should still invest.
6 big reasons to choose a home equity loan over a personal loan right now
2024-06-25 18:49:49
Personal loans are a good option in today's rate climate, but home equity loans may make more sense for borrowers.
German giant Siemens to revive historic base in Berlin
2024-06-25 18:29:38
German industrial giant Siemens on Tuesday launched an urban development project worth 4.5 billion euros ($4.8 billion) in the area of Berlin known as Siemensstadt, where the company enjoyed its pre-war heyday.
AI image-generator startup Stability AI looks for reshoot with new CEO and investor group
2024-06-25 18:29:37
The troubled artificial intelligence company behind image-generator Stable Diffusion is looking for a reshoot with a new CEO and a surge of investment from a group that includes former top executives at Google and Facebook including Sean Parker, Facebook's former president and Napster co-founder.
How blockchain technology could help to prevent child labor in global supply chains
2024-06-25 17:59:14
How would you feel if the phone in your pocket or the chocolate treat you just enjoyed was made using child labor? The idea might appall you, but the truth is that child labor is lurking behind the manufacture of familiar everyday products including electronic devices and food.
Korean Air, Malaysia Airlines flights disrupted by pressurization problems
2024-06-25 17:59:14
A Korean Air flight to Taiwan was forced to return to Incheon airport west of Seoul after a sudden depressurization on the plane, a Boeing 737 Max 8, the transport ministry said Tuesday.
Lufthansa to add environmental charge to fares
2024-06-25 15:15:56
German airline giant Lufthansa said Tuesday it would add an environmental charge of up to 72 euros ($77) to fares in Europe to cover the cost of increasing EU climate regulations.
EU accuses Microsoft of abusing dominant position with Teams
2024-06-25 15:15:56
Microsoft violated EU antitrust rules by bundling its Teams communications app with its popular Office suite, Brussels said on Tuesday, as the US tech giant vowed to do what it takes to address competition concerns.
Sustainable electrification: Managing resource demands for future electric vehicles
2024-06-25 12:08:52
With goals to limit CO2 emissions, many countries have set targets to phase out internal combustion vehicles in favor of electric vehicles (EVs). Japan has set a target for 20%–30% of all car sales to be battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs), and 30%–40% of car sales to be hybrid electric vehicles (HEVs) by 2030.
Only 1 in 5 workers nearing retirement are financially on track: "It will come down to hard choices"
2024-06-25 10:01:23
A new study finds that the median retirement savings of people who are 55 is just $50,000, far from what experts recommend.
Prime Day 2024 is coming on July 16-17. Here's everything you need to know
2024-06-25 10:01:23
Mark your calendars for Amazon's biggest sales event of the year, Amazon Prime Day 2024, coming this July.
Sir Jim Ratcliffe’s latest comments paint grim picture for future of Man Utd
2024-06-25 05:56:19
Manchester United co-owner Sir Jim Ratcliffe admitted in an interview they are yet to outline a detailed plan for the women's team.
Apple chiefs discuss 8GB memory, gaming, AI for Mac
2024-06-25 01:26:03
Apple is continuing to insist that users can still get a lot of work done with just 8GB of memory in a Mac, while also being bullish about improving the gaming experience and AI development on the platform.
Apple asks court to disregard Epic's contempt of court pleas
2024-06-25 01:25:34
Apple has responded to Epic's accusation it is in contempt of court for failing to remove anti-steering measures to its liking, by insisting it's really complying with the order.

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