Nio’s ET5 stands on display at the Central China International Auto Show on May 25, 2023, in Wuhan, China. Getty Images | Getty Images News | Getty Images Chinese electric carmaker Nio plans to cut 10% of its workforce amid “fierce competition,” CEO William Li said Friday. The job cuts will be completed by November. … Read more
The container ship Maersk Murcia sits moored in the port of Gothenburg, Sweden, on August 24, 2020. JONATHAN NACKSTRAND | AFP | Getty Images Shipping giant Maersk, a bellwether for global trade, on Friday announced plans to reduce its workforce by more than 10,000 people and said it expected profit to be at the low … Read more
People walk outside the Bank of England in the City of London financial district, in London, Britain, January 26, 2023. Henry Nicholls | Reuters LONDON — The Bank of England is widely expected to keep interest rates unchanged on Thursday, as data continues to show moderating price pressures and weakening economic activity. As of Thursday … Read more
Apple announced new PC chips, MacBook Pro laptops, and a new iMac model at an unusual night-time launch event on Monday. Ahead of the all-important holiday shopping season, the new chips will refresh Apple’s Mac lineup, which saw sales fall 7% in the June quarter in the face of a global PC sales slowdown. The … Read more
Hong Kong Chief Executive John Lee delivers his annual policy address to the Legislative Council on October 25, 2023. Peter Parks | Afp | Getty Images Hong Kong will slash buyers’ stamp duties for property buyers to help boost its struggling real estate sector, while reducing levies on stock trades in a bid to kickstart economic … Read more
Roblox China was once full of promise. Since its localized platform, which is a joint effort with Tencent, abruptly halted operation nearly two years ago, the company has been quiet about its standing in the world’s second-biggest gaming market until now. TechCrunch learned that Roblox China, also called LuoBu (罗布乐思), initiated a round of layoffs … Read more
Newsmax Newsmax cut away from President Joe Biden’s Oval Office address Thursday because the president “started to go into some victory laps on his policy,” host Eric Bolling said on the air. As Biden was outlining the importance of the U.S. helping to fund both the Ukrainian and Israeli war efforts, the disappointed-sounding host cut … Read more
Google headquarters in Mountain View, California, on Jan. 30, 2023. Marlena Sloss | Bloomberg | Getty Images Google cut dozens of jobs in its news division this week, CNBC has learned, downsizing at a particularly sensitive time for online platforms and publishers. An estimated 40 to 45 workers in Google News have lost their jobs, … Read more
A Tesla Model X with opened doors stands in the showroom. Picture Alliance | Picture Alliance | Getty Images By most measures, Gary Black qualifies as a big supporter of electric-vehicle giant Tesla. The Chicago fund manager has had Tesla as his No. 1 or No. 2 holding since he opened his fund in 2021, … Read more
A Tesla dealership in Colma, California, U.S., on Wednesday, Jan. 26, 2022. David Paul Morris | Bloomberg | Getty Images Tesla cut the price of some Model 3 and Model Y versions in the U.S. after the company reported third-quarter deliveries that missed market expectations. The starting price for the Model 3 is listed at … Read more