Chinese electric car startup Nio is adjusting its strategy for global markets in response to geopolitical developments, CEO William Li told reporters Thursday. The company will continue to prioritize China while maintaining its global ambitions. “Our approach will have some ...

Japan’s economy faced contraction in the first quarter, driven by weakened consumption and external demand, posing a fresh challenge for policymakers amidst the central bank’s endeavor to steer interest rates from near-zero levels. Preliminary data on gross domestic product (GDP) ...

Netflix revealed during its Upfronts presentation on Wednesday that it is rolling out its own advertising technology platform, marking a swift move into the ad business just a year and a half after its debut. This positions Netflix in direct ...

Ever since Congress passed a bill compelling the Chinese company ByteDance to either sell or shut down TikTok, a major question has been who could buy it, considering the technological, political, and financial implications involved. Billionaire Frank McCourt has expressed ...

According to sources familiar with the matter, Walmart is undergoing significant changes, including the elimination of hundreds of corporate positions and a transition for most remote employees back to office settings. In a move to consolidate its operations, Walmart is ...

The UK has successfully conducted a test flight of a quantum-powered navigation system that is impervious to interference from foreign entities. According to UK authorities, this achievement represents a significant milestone in aviation, marking the inaugural flight utilizing a quantum-powered ...

The International Monetary Fund (IMF), Argentina’s largest creditor, has agreed on Monday to disburse the next installment of loans under a bailout program. This decision comes alongside an endorsement of government austerity measures, which are so stringent that they surpass ...

Kenvue (KVUE) shares experienced a slight uptick on Monday following Johnson & Johnson’s (JNJ) announcement of divesting its remaining 9.5% stake in the company. Notably, Kenvue won’t receive any proceeds from this transaction. Shifting our focus to Kenvue, while not ...

SoftBank reported a gain of 724.3 billion Japanese yen ($4.6 billion) on its Vision Fund in the fiscal year ending in March, marking the first time since 2021 that the flagship tech investment arm has been profitable. During the entire ...

The US National Highway Traffic Safety Administration (NHTSA) is examining two accidents involving Zoox, Amazon’s robotaxi venture. The Office of Defects Investigation, a division of NHTSA, initiated a preliminary assessment of Zoox following reports of two separate incidents where the ...