Daimler Truck reached a new labor agreement on Friday with more than 7,300 hourly workers, represented by the United Auto Workers (UAW) at six facilities across the U.S. South, preventing a strike at the eleventh hour. UAW President Shawn Fain, ...
On Friday, the mining giant Anglo American rebuffed a takeover bid from its competitor BHP Group, asserting that the proposal “significantly undervalues” the company and its future potential. BHP, headquartered in Australia, announced on Thursday its all-share takeover offer for ...
Major tech firms are poised to invest hundreds of billions of dollars over the next couple of years in the race to spearhead the next wave of artificial intelligence (AI) technologies. This colossal endeavor, possibly the most significant deployment of ...
In the nearly four years since the COVID-19 pandemic disrupted air travel, the largest U.S. airlines have managed to return to profitability. CEOs of two newly established airlines launched amidst the pandemic, anticipate following suit. Avelo and Breeze Airways, both ...
China’s anticipated “Third Plenum” meeting, scheduled for the fall of 2023, did not occur, and its postponement has raised significant concerns among experts about the country’s ability to address its complex challenges. Stephen Roach, a senior fellow at Yale Law ...
Gold futures reached a historic high on Monday, fueled by trader speculation that the Federal Reserve will initiate interest rate cuts in the latter half of the year. The April gold contract surged by $30.60, or 1.46%, settling at $2,126.30 ...
Japan’s Nikkei stock index has been making headlines with record-breaking surges attributed to strong earnings and investor-friendly measures. However, the sustainability of this rally is a subject of debate given Japan’s challenged economy. The Nikkei 225 soared past the 40,000 ...
On Monday, Apple revealed new iterations of its 13-inch and 15-inch MacBook Air laptops, powered by its latest M3 chip. Apple initially introduced the M3 chip in October, debuting versions for its iMac desktop computers and more robust iterations for ...
On Tuesday, Chinese electric vehicle (EV) makers listed in Hong Kong experienced a decline in their shares amid growing concerns of price wars within the sector. China’s EV market, renowned as the world’s largest and most competitive, is witnessing intense ...
Sea Limited, a prominent tech player in Southeast Asia, marked a significant milestone on Monday by announcing its first profitable year amidst fierce competition from rivals like Alibaba-owned Lazada and TikTok. The company reported a net income of $162.7 million ...