Business News

Biden to announce new 100% tariffs on Chinese EVs
2024-05-14 04:28:39
The tariff on electric vehicles from China is currently 25%.
PlayStation Reversing Course On Helldivers 2 Is Both Smart And A Sign Of How Inept It Is
2024-05-13 23:32:48
This isn’t the first time the company has had to course correct after a boneheaded decision
AI gun detection company name-dropped Disney in its successful pitch to NYC
2024-05-13 22:22:26
Evolv is currently under investigation by the FEC and SEC.
NZ's big chill was an early winter warning: Power should be subsidized for struggling households
2024-05-13 21:12:52
Last week's headlines warning of electricity shortfalls brought the issue of access to energy into (increasingly chilly) homes around the country.
GM's Cruise to start testing robotaxis in Phoenix area with human safety drivers on board
2024-05-13 20:58:36
General Motors' troubled Cruise autonomous vehicle unit said Monday it will start testing robotaxis in Arizona this week with human safety drivers on board.
US energy panel approves rule to expand transmission of renewable power
2024-05-13 20:58:36
Federal energy regulators on Monday approved a long-awaited rule to make it easier to transmit renewable energy such as wind and solar power to the electric grid—a key part of President Joe Biden's goal to eliminate carbon emissions economy-wide by 2050.
GameStop shares soar as 'Roaring Kitty' returns
2024-05-13 20:58:36
Shares in GameStop, the company at the center of the "meme stock" craze that throttled Wall Street in early 2021, soared Monday in a move that recalled the earlier speculative frenzy.
Reddit's share price has held since it went public, but the firm's unique structure could be its undoing
2024-05-13 18:41:44
Reddit, the social networking platform that recently floated on the stock market, saw its shares surge 15% on the back of its first-quarter financial results on May 8.
After a decade at Ben Horin-Alexandrovitz, Deputy CEO Etel Behar will be concluding her tenure
2024-05-13 16:46:52
Etel Behar (50) served as Deputy CEO during a period in which Ben Horin-Alexandrovitz became a major player in the Israeli communications consultancy field. During her term, she participated in key initiatives undertaken by the company. She was also responsible for the entire business sector, including partnerships and strategic client support, HQ management, and the organizational aspects of HR, operations, and finance.
Chinese firms exit Romania solar tender after EU probe
2024-05-13 14:34:48
Two Chinese-owned solar panel manufacturers have withdrawn from a public procurement tender in Romania after the EU launched an anti-subsidy probe, Brussels said Monday.
Intel exec on bringing artificial intelligence into the workplace
2024-05-13 14:34:48
Artificial intelligence is just about everywhere you look these days—including the workplace.
Shein prepares London IPO as US listing effort stalls: report · TechNode
2024-05-13 14:19:39
Fast fashion retailer Shein is refueling its IPO ambitions by pivoting to a London listing, as its US listing remains in limbo, according to a Reuters report which cited two sources. However, the China-connected company, which moved its headquarters to Singapore in 2022, is said to still prefer a public debut in New York.
China’s Chery launches answer to Tesla’s Model Y, Audi Q5L · TechNode
2024-05-13 14:19:37
Chery Auto on May 9 introduced the first midsize electric crossover under its mainstream luxury Exeed lineup with both all-electric and plug-in hybrid
Amazon’s robotaxi company is under investigation after two crashes with motorcyclists
2024-05-13 14:19:37
Zoox vehicles are suddenly braking.
Adobe CEO Shantanu Narayen on Photoshop, PDFs, and the AI future
2024-05-13 14:19:37
The tech hallucinates. Users don’t check how images were made. But he’s confident we’ll adapt.
Booking.com to face tough new EU tech rules
2024-05-13 12:20:24
The European Union on Monday added Dutch online travel giant Booking.com to its list of digital companies that are big enough to fall under tougher competition rules.
Sweden's small game studios punching above their weight
2024-05-13 09:18:17
"Minecraft", "Valheim", and "Raft", just to name a few: Small or even one-man teams from Sweden have produced more video game hits than one would expect from a small country.
Small, well-built Chinese EV called the Seagull poses a big threat to the US auto industry
2024-05-13 09:18:17
A tiny, low-priced electric car called the Seagull has American automakers and politicians trembling.
Archegos founder to go on trial for fraud, market manipulation
2024-05-13 09:18:16
Archegos founder Bill Hwang will go on trial Monday for alleged securities fraud and market manipulation, prosecutors said, following the fund's spectacular 2021 implosion that cost large banks billions of dollars.
Moving Forward: Turning Israel Railways into Israel’s transporation engine
2024-05-12 18:40:44
Israel Railways is following the lead of the world’s leading railway companies and is promoting significant development projects to realize the strategic plan of the Ministry of Transport to prepare for the expected substantial increase in the volume of train travel. In 2019, the number of trips was close to 70 million a year, which is expected to soar by more than 180 percent to 200 million in 2030 and by another 140 percent to 300 million in 2040. Among the projects that will increase the railway infrastructure and provide a response to this significant increase – even in areas that have not benefited from rail service until now – are the Electrification Project, the Eastern Railway project, the 431 Railway project, and the Fourth Railway project of the Ayalon in Tel Aviv.

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