China's EV maker Nio has introduced the first vehicle from its new budget brand, Onvo, to compete with Tesla's best-selling Model Y car.
Industry
US Blocks Imports From 26 More Chinese Companies Tied to Uyghur Forced Labor
The US has announced it blocked imports from 26 Chinese cotton traders or warehouse facilities tied to Uyghur forced labor.
UPS Picks Goldman Sachs to Oversee Its $43.4 Billion Pension Funds
UPS has picked banking giant Goldman Sachs to handle its $43.4 billion pension fund assets in the United States and Canada.
Honda to Boost EV Investment by $65 Billion Through 2030
Honda will invest 10 trillion Japanese yen ($65 billion) in EVs until 2030 to stay competitive in the market.
Hong Kong's Financial Supremacy Threatened by Cross-Border Money Flow Obstacles
Hong Kong's reign as Asia's foremost financial powerhouse has been dethroned, once revered for its economic prowess, the city now finds itself surpassed by rival nations, marking a significant shift in the region's financial landscape.
Latest News
Visa has implemented sweeping changes on how its credit and debit cards are used in the United States through the introduction of a single physical card that could be connected to multiple bank accounts.
Paramount has been reported to be talking with Amazon to expand its media partnership, including the bundled sales of channels and advertising measures.
China mulls purchasing surplus homes amid real estate crisis. The proposed plan involves state-owned enterprises acquiring distressed properties
Samsung is rumored to limit its offering for its Galaxy Z Fold 6 for the summer version of Galaxy Unpacked this year.
Walmart's position as America's top retailer is in jeopardy following the announcement of significant layoffs and the mandate for remote employees to return to the office, signaling potential internal struggles and increased competition.
New York Community Bancorp (NYCB), a regional lender facing financial challenges, has announced its agreement to sell approximately $5 billion in mortgage warehouse loans to JPMorgan Chase.
Tesco CEO Ken Murphy's pay jumps to £10M, doubling from last year due to stellar company performance.
Biden imposes extensive tariffs on Chinese imports, including semiconductors and EVs, escalating trade tensions. China vows to defend its interests and urges correction.
AMC Entertainment successfully concluded a $250 million stock sale on Monday, thanks to the resurgence of the meme stock craze, which saw shares skyrocket by 90%.
