Ola Kallenius, CEO of the Mercedes-Benz Group, has urged the European Union to reduce import taxes on Chinese electric vehicles rather than attempting to shield European producers. “Don't bring up the duties. I believe that we should take the opposite stance and reduce the tariffs that are already...

Thursday saw Novo Nordisk overtake Tesla Inc. in terms of market valuation following the release of encouraging early trial results for a much awaited new obesity medication by the manufacturer of the well-known weight-loss medication Wegovy.   Novo Nordisk's shares experienced a significant...

US electric vehicle manufacturer Tesla Inc. is boosting demand in the fiercely competitive sector by offering new incentives to Chinese consumers. The business announced the new regulations on the social media platform Weibo, affecting Model 3 and Model Y vehicles. In particular, Tesla is...

The Indian giant Tata Group may soon declare that work on building its first facility to produce semiconductors begins. Natarajan Chandrasekaran, the chairman of the board of directors of the conglomerate's parent company, made this announcement at a meeting of the company’s board. The Economic...

The investment vehicle owned by billionaire Carl Icahn, Icahn Enterprises LP, surprised analysts by reporting a net loss for the fourth quarter of 2023. In contrast to $255 million, or 74 cents per unit, a year earlier, the corporation reported a net loss of $139 million, or 33 cents each...

Tesla CEO Elon Musk said on social media platform X that the company will begin shipping its Roadster electric sports car in 2025. "Today we have fundamentally changed the design goals for the new Tesla Roadster," Musk stated. "If this vehicle qualifies as an automobile at all, it will have no...

In a memo to staff on Tuesday, Google CEO Sundar Pichai stated that the company is trying to address issues with its Gemini AI tool. He claimed that certain text and image replies produced by the model were "biassed" and "wholly unacceptable."     The corporation had stopped using its...

In premarket trading on Wednesday, shares of Beyond Meat shot up 56% as the company, which makes plant-based meat, gambled on price increases and drastic cost reductions to boost its battered margins and put pressure on its heavily shorted shares.   The data and analytics company Ortex...

As more and more Taiwanese chip businesses develop here, not only to support a new TSMC facility but also because they are thrilled about the Japanese sector's prospects, Japan's efforts to restore its semiconductor industry are receiving a boost.   The surge coincides with the global chip...