BEIJING (Reuters) – Chinese electric vehicle manufacturer BYD has signed an agreement to build a factory for core parts of new energy vehicles with total
Category: Business
EV maker Lucid beats quarterly deliveries estimates helped by price cuts
(Reuters) -Lucid Group reported second-quarter deliveries above analysts’ estimates on Monday, as price cuts bolstered demand for its luxury electric sedans, sending the company’s shares
US miners push Washington to revive long-dormant Bureau of Mines
By Ernest Scheyder (Reuters) – Mining trade groups plan to push Washington to revive and expand the long-dormant Bureau of Mines, an effort aimed at
Several Chinese state firms in Shanghai buy Tesla Model Y cars
BEIJING (Reuters) – Several state-owned firms in China’s financial hub of Shanghai have recently purchased Tesla’s best-selling Model Y as service cars, a local government
China’s BYD opens EV factory in Thailand, first in Southeast Asia
RAYONG, Thailand (Reuters) – China’s BYD opened its first electric vehicle plant in Thailand on Thursday, the auto maker’s first in Southeast Asia. “BYD is
Oil prices slip after data points to cooling U.S. economy
By Katya Golubkova TOKYO (Reuters) – Oil prices fell in early trade on Thursday after U.S. employment and business activity data came in weaker than
Jeff Bezos to sell Amazon shares worth about $5 billion after stock hits record high
(Reuters) – Amazon founder and executive chair Jeff Bezos is planning to sell almost $5 billion worth of shares in the e-commerce giant, a regulatory
Microsoft settles California probe over worker leave for $14 million
By Daniel Wiessner (Reuters) -Microsoft Corp has agreed to pay $14 million to settle a California agency’s claims that it illegally penalized workers who took
Meta’s Threads hits 175 million users ahead of one-year anniversary
By Yuvraj Malik and Jaspreet Singh (Reuters) – Meta Platforms’ newest social media offering Threads has over 175 million monthly active users, CEO Mark Zuckerberg
AbbVie cuts 2024 profit forecast on R&D expenses
(Reuters) -AbbVie lowered its 2024 adjusted profit forecast on Wednesday, citing $937 million in milestones, and research and development expenses related to acquisitions. The drugmaker