Business News

Since announcing plans in late March to replace CEO Dave Calhoun at the end of 2024, Boeing's problems have seemingly gone from bad to worse, complicating an already daunting executive search.

German industrial giant Siemens said Thursday it will sell its electrical motors business Innomotics to private US equity firm KPS Capital Partners for 3.5 billion euros ($3.8 billion).

Arab League summit convenes in Bahrain to address the Gaza conflict and regional integration. Concerns arise over Israel's isolation amid shifting alliances and diplomatic challenges.

The popular Sony-backed single-chip computer maker is making waves in the UK as it plans to launch its IPO on London's main stock market.

Juhl will take over from previous interim CEO Jurgen Goeldner, who has been nominated as Chairman of the Payday 3 developer's Board of Directors.

McDonald's CEO Chris Kempczinski said recently the company must be laser-focused on keeping prices affordable.

Experts call for better drug testing procedures as more states legalize marijuana and societal norms change.

Ransomware attack targeted a Nissan virtual private network, the automaker's U.S. subsidiary said.

Defense chiefs from the US, Australia, Japan and the Philippines gathered in Hawaii on Thursday (local time) for their second joint meeting, lining up yet another regional group dubbed the

Amazon already faces a major antitrust challenge from the FTC.

The Department of Justice said that Boeing can be prosecuted for violating a 2021 criminal settlement over the certification of the 737 MAX.

On the south side of Chicago, students learn to work on Rivian electric pickup trucks and SUVs through a new technician program at Olive-Harvey College.

Amazon's cloud computing division will invest 7.8 billion euros ($8.5 billion) towards building a "sovereign cloud" center in Germany, the company announced Wednesday, as the EU seeks to harbor the European data on domestic servers.

Copper cannot be mined quickly enough to keep up with current U.S. policy guidelines to transition the country's electricity and vehicle infrastructure to renewable energy, according to a University of Michigan study.

In the battle to build software-driven connected vehicles, General Motors Co. CEO Mary Barra knows the "industry is so fierce, you have to have the very best talent."

A study explores the role of platinum in shaping the future of green hydrogen development in China. Hydrogen fuel is one of China's key strategies to achieve national energy security and carbon neutrality. Hydrogen is expected to provide more than 10% of China's total energy supply by 2050, and the country has announced more than 50 large-scale hydrogen projects.

The US Justice Department on Tuesday said Boeing can be prosecuted for two subsequent 737 Max crashes that killed 346 people approximately five years ago.

A train that travels from rural northern Morocco to a port on the Mediterranean Sea carries no passengers. Three times a day, it brings hundreds of cars stacked bumper to bumper from a Renault factory outside Tangiers to vessels that transport them to European dealerships.

French automaker Renault said Wednesday it will pursue developing autonomous minibuses for public transit but would stick to driving assistance features for personal cars for the time being.

As electric vehicle (EV) demand accelerates, so does the need for lithium batteries. But these batteries contain valuable critical minerals, as well as toxic materials, so they should not be treated as common waste.