Business News

Honda announces US$11 bn EV battery and vehicle plant in Canada
2024-04-25 20:37:53
Japanese auto giant Honda announced Thursday the largest automotive investment in Canada's history, worth Can$15 billion (US$11 billion), for a massive new EV battery and vehicle assembly plant.
Using sodium to develop rechargeable batteries may bolster the EU's green ambitions
2024-04-25 20:36:58
A green industrial future for Europe may depend on an element that is part of a household staple: table salt. Dr. John Abou-Rjeily, a researcher at Tiamat Energy in France, is using sodium to develop rechargeable batteries. Sodium is a part of sodium chloride, an ionic compound that is the technical name for ordinary salt.
Microsoft quarterly profit rises 20% as tech giant pushes to get customers using AI products
2024-04-25 20:36:57
Microsoft on Thursday said its profit rose 20% for the January-March quarter as it tries to position itself as a leader in applying artificial intelligence technology to make workplaces more productive.
Capcom raises earnings forecast on better than expected game sales
2024-04-25 17:23:57
Street Fighter 6 continues to be a huge seller for Capcom, and it was joined by Dragon's Dogma 2 selling a few million units as well.
American Airlines confirms 2024 forecast despite Q1 loss
2024-04-25 16:23:15
American Airlines reported a quarterly loss Thursday on an uptick in labor and other operating costs as the carrier confirmed its full-year financial forecast.
Airlines will soon have to pay you back if they cancel or delay your flight
2024-04-25 13:48:28
You could also get a refund for delayed checked bags.
Zuckerberg says it will take Meta years to make money from generative AI
2024-04-25 13:46:22
Meta is thinking about a lot of ways to make money from its new ChatGPT competitor, including ads and subscriptions.
Anyone want to buy TikTok?
2024-04-25 13:46:22
On The Vergecast: TikTok bans, Tesla earnings, and the Rabbit R1.
Microsoft needs to win back trust
2024-04-25 13:46:22
Microsoft is focusing on security as a top priority.
Five things we learned at the China Auto Show
2024-04-25 12:34:33
One of China's largest auto shows kicked off in Beijing on Thursday, with electric vehicle makers keen to show off their latest designs and high-tech accessories to consumers in the fiercely competitive market.
US to give Micron $6.1 bn for American chip factories
2024-04-25 12:34:32
Micron is set to receive up to $6.1 billion in grants from the US government to help build its semiconductor plants in New York and Idaho, the White House said Thursday.
Car giants vie for EV crown at Beijing's Auto China show
2024-04-25 08:51:03
Chinese car giants locked in a cut-throat price war descended on the capital for the start of the Auto China show Thursday, vying to draw consumers and headlines in the world's biggest electric vehicle market and abroad.
Meta profits soar but costs of AI cause worry
2024-04-25 08:51:03
Facebook-owner Meta on Wednesday said its quarterly profits soared last quarter, but worries about the cost of artificial intelligence saw its share price take a hit on Wall Street.
Microsoft and Amazon face scrutiny from UK competition watchdog over recent AI deals
2024-04-25 00:44:56
British competition regulators said Wednesday they'll scrutinize recent artificial intelligence deals by Microsoft and Amazon over concerns that the moves could thwart competition in the AI industry.
Mired in crisis, Boeing reports another loss
2024-04-24 21:34:41
Troubled aviation giant Boeing reported a first-quarter loss of $343 million on Wednesday, reflecting recent safety troubles that have slowed production and deliveries.
Oracle's Larry Ellison says planned Nashville campus will be company's 'world headquarters'
2024-04-24 20:54:22
Oracle Corp.'s planned campus in Nashville, Tennessee, will serve as the business software giant's world headquarters, placing it in a city that's a center for the U.S. health care industry, CEO Larry Ellison said.
Cisco Systems joins Microsoft, IBM in Vatican pledge to ensure ethical use and development of AI
2024-04-24 13:39:28
Tech giant Cisco Systems on Wednesday joined Microsoft and IBM in signing onto a Vatican-sponsored pledge to ensure artificial intelligence is developed and used ethically and to benefit the common good.
Volkswagen revamps its approach in China in bid to overtake upstart EV makers
2024-04-24 11:43:40
As auto giant Volkswagen AG races to catch up with upstart Chinese competitors, it has drivers like 26-year-old Ren Yiling in mind.
Tesla 1Q profit falls 55%, but stock jumps as company moves to speed production of cheaper vehicles
2024-04-24 09:26:36
Tesla's first-quarter net income plummeted 55%, but its stock price surged in after-hours trading Tuesday as the company said it would move up production of new, more affordable vehicles.
Chinese sellers go to TikTok school to reach buyers abroad
2024-04-24 09:24:34
Donning hijabs and floor-length abaya gowns over shorts and tank tops, Chinese students at an e-commerce school perform into a smartphone camera as they learn how to sell the clothes to overseas TikTok users.

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