Auto Industry Reassesses Strategies Amid Declining EV Hype
Interest in electric vehicles is falling due to several factors, including a lack of charging infrastructure, increasing costs of raw materials, and financing rates.
Regions
Beijing Offers Subsidies for Companies That Buy Local AI Chips as China Cuts Reliance on Foreign Technology
Beijing city officials are providing subsidies for businesses that buy artificial intelligence (AI) chips made in China.
Businessman Who Shot His Wife to Death Thinking She Was an Intruder Gets Only 12 Years in Prison
A South African businessman was sentenced to 12 years in prison for shooting his wife to death after he mistook her for an intruder in their home...
India Is Confident More Foreign Players Will Enter the Country's EV Market Due to New EV Policy Measures
The Department of Promotion of Industry and Internal Trade in India is confident that its new EV policy measures will attract and allow more global firms to enter the market...
US Secretary of State Antony Blinken Calls on China to Treat American Companies Fairly During Visit to Shanghai
US Secretary of State Antony Blinken has emphasized the importance of fair treatment for American businesses during his visit to China...
Norway Airspace Shuts Down for Several Hours Following Technical Glitch
A technical malfunction in Norway resulted in the temporary shutdown o...
MSC Darwin Ship Targeted by Yemen's Houthis in Gulf of Aden
Yemen's Houthi group claimed responsibility for the attack on the MSC ...
Latest News
EQT Plans to Divest 20% Stake in Ottobock to Its Existing Major Shareholders
Swedish global investment company EQT will return 20% of Ottobock's investment to its significant shareholders.
UBS Starts Slashing Asia Private Banking Positions as Earnings Fall: Report
UBS reportedly began cutting off Asia private banking personnel as the largest wealth manager in the region struggled with declining revenues.
South Africa's Return To Office Gets Middle Finger From Employees Office-Based Work Policies Increase in 2024
South Africa's return-to-office efforts get a middle finger from employees. Office-based policies are now increasing.
Apple to Open New Retail Store in Canada's Second Largest Mall
Apple will soon open a new retail store at Square One Shopping Centre in Ontario, Canada.
Resort in the Heart of Philippines' Chocolate Hills: Is It Yay or Nay? – Netizens Share Mixed Reactions
A resort in the heart of the Chocolate Hills in Bohol, Philippines, is going viral on Facebook and other social media platforms.
Russia's Vladimir Putin Is Eyeing Big Tax Increases After Election to Fund the Country's War in Ukraine
Russia's President Vladimir Putin could decide to increase taxes after this month's election to fund the country's war in Ukraine.
The Body Shop Ceases US Operations, Plans to Close Dozens of Stores in UK and Canada Amid Deepening Financial Woes
The Body Shop has ceased operations in the US and is closing dozens of stores in Canada and the UK amid deepening financial troubles.
China's Xiaomi, Tesla's New Rival, to Begin Deliveries of Its First EV Model This Month
Xiaomi said it will begin delivering its first electric vehicle (EV) model, the SU7, to customers this month.
US Seen to Impose More Curbs on China as ‘Decoupling' in 'Full Force’ Amid Possible TikTok Ban
The US is anticipated to intensify restrictions on China amid a potential TikTok ban in the country.
