Tesla on Tuesday published its first-quarter vehicle production and deliveries report for 2024 that showed deliveries fell 8.5% from the year-ago quarter and about 20% from the fourth quarter. Here are the key numbers: Total deliveries Q1 2024: 386,810Total production Q1 2024: 433,371 Vehicle production declined 1.7% year over year and 12.5% sequentially for Tesla. Shares dropped … Read more
A liquefied natural gas tanker sails past a container terminal as it arrives in Yokohama, Japan, May 21, 2018. Tomohiro Ohsumi | Bloomberg | Getty Images Natural gas prices have plunged as the world grapples with an oversupply after a warmer-than-expected winter. The recent heyday in liquefied natural gas boosted prices and profits, spurring a … Read more
A Porsche 911 Targa vehicle seized by police at a residence of Su Jiafeng, one of the suspects in the S$2.8 billion money-laundering case, in Singapore, on Wednesday, Oct. 25, 2023. Allegations have erupted that wealthy Chinese have been pouring ill-gotten gains into the Asian financial hub, in what the government itself describes as potentially … Read more
A boy holds out an empty pot as he waits with other displaced Palestinians queueing for meals provided by a charity organisation ahead of the fast-breaking “iftar” meal during the Muslim holy month of Ramadan, in Rafah in the southern Gaza Strip on March 16, 2024, amid the ongoing conflict in the Palestinian territory between … Read more
UBS logo is seen at the office building in Krakow, Poland on February 22, 2024. Jakub Porzycki | Nurphoto | Getty Images UBS on Tuesday announced a new share repurchase program of up to $2 billion, with up to $1 billion of that total expected to take place this year. “As previously communicated, in 2024 … Read more
Firefighters work on the zone of a forest fire in the hills in Quilpue comune, Valparaiso region, Chile on February 3, 2024. Javier Torres | Afp | Getty Images A quiet revolution is underway to address a widely underestimated climate challenge: extreme heat. Local authorities have appointed several chief heat officers (CHOs) in cities worldwide … Read more
Singapore topped the list on the Economist Intelligence Unit’s business environment ranking. franckreporter | E+ | Getty Images Singapore, Denmark and U.S. are the best places in the world to conduct business, according to the Economist Intelligence Unit business environment ranking. “Singapore will remain the best geography in the world to do business, as it … Read more
A Xiaomi SU7 electric sedan is seen displayed at a regional HQ of Xiaomi in Nanjing in east China’s Jiangsu province. Future Publishing | Future Publishing | Getty Images BEIJING — Shares of Chinese smartphone maker Xiaomi surged 15% when the Hong Kong market opened Tuesday, the first trading day since the company launched its … Read more
Workers at the Lava mobile phone manufacturing facility in Noida, India. Hindustan Times | Hindustan Times | Getty Images India wants to be the top manufacturer in Asia as companies shift away from China, but first it needs to lower taxes and improve supply chain efficiency if it wants to dethrone Vietnam. The U.S. has … Read more
Bipul Sinha, co-founder and CEO of data security software company Rubrik. Sinha previously backed cloud management company Nutanix. Rubrik Rubrik, a 9-year-old data security software vendor, filed to go public on Monday, the latest venture-backed company to make moves toward the public market after an extended lull dating back to late 2021. The Silicon Valley … Read more