business news
Ford will continue to struggle as chip shortage lingers, Barclays says in downgrade
Ford reported on Monday that its sales declined during the first quarter, in part due to production issues caused by the semiconductor shortage Source
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Turkish court moves Khashoggi trial to Saudi Arabia, signaling likely end of case
A demonstrator holds a poster with a picture of Saudi journalist Jamal Khashoggi outside the Saudi Arabia consulate in Istanbul, Turkey October 25, 2018. Osman Orsal | Reuters A Turkish court decided on Thursday to halt the trial of Saudi suspects over the killing of journalist Jamal Khashoggi and transfer it to Saudi Arabia, a […]
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China warns of strong measures if U.S. Speaker Pelosi visits Taiwan
Chinese Foreign Ministry spokesman Zhao Lijian attends a news conference in China on December 20, 2021. China warned on Thursday it would take strong measures if U.S. House of Representatives Speaker Nancy Pelosi visited Taiwan, following media reports she would go next week. Vcg | Visual China Group | Getty Images China warned on Thursday […]
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Billionaire founder of China’s JD.com steps down as CEO as Beijing’s tech crackdown continues
Richard Liu, the founder of Chinese e-commerce giant JD.com, will step down from his role as CEO. His departure comes after a number of high-profile technology founders exited their leadership positions amid Beijing’s regulatory crackdown on its domestic tech sector. VCG | Visual China Group | Getty Images JD.com’s billionaire founder Richard Liu has stepped […]
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Biden administration holds EV industry meeting with Musk, Barra
Founder and CEO of Tesla Motors Elon Musk speaks during a media tour of the Tesla Gigafactory, which will produce batteries for the electric carmaker, in Sparks, Nevada. James Glover II | Reuters The Biden administration said senior officials held a meeting Wednesday with major automotive leaders including Tesla Chief Executive Elon Musk and General Motors Chief […]
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Ukraine asks NATO for ‘weapons, weapons and weapons’; Shell reveals financial hit of leaving Russia. Follow our live updates
Ukrainianian foreign minister’s request to NATO: ‘Weapons, weapons, and weapons’ Ukrainian Foreign Minister Dmytro Kuleba met with G7 and NATO members on Thursday in a bid to gather more support for his country’s fight against Russia. “I came here today to discuss three most important things: weapons, weapons, and weapons. Ukraine’s urgent needs, the sustainability […]
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Oil major Shell to write off up to $5 billion in assets after exiting Russia
Royal Dutch Shell products in Torzhok, Russia. Andrey Rudakov | Bloomberg | Getty Images Shell has announced that it will write off between $4 and $5 billion in the value of its assets after pulling out of Russia following the country’s unprecedented invasion of Ukraine. Thursday’s announcement offers a first glimpse at the potential financial impact to […]
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Here’s why people are still flipping out on airliners
Incidents involving unruly passengers in the United States are decreasing. But the good news may end there. On average, there were about 500 reports of unruly passengers per month in 2021, according to the U.S. Federal Aviation Administration. In the first three months of 2022, this number fell to about 350 reports per month, according […]
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Why a Russia-Ukraine deal may be difficult to reach
It will be difficult to find a diplomatic resolution for the war in Ukraine unless the situation on the ground changes, according to Francis Fukuyama, a senior fellow at Stanford University’s Freeman Spogli Institute for International Studies. “Both of the sides have lost so much that the kind of concessions that would be needed to […]
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Stopped trucks, foldable beds for workers: What European businesses face with China’s Covid surge
Shanghai, home to the world’s largest container shipping port, began a two-part lockdown on March 28 and has yet to announce when restrictions will lift. Yang Jianzheng | Visual China Group | Getty Images BEIJING — China’s Covid controls have disrupted supply chains and stressed the daily life of workers, primarily in Shanghai and Shenyang, […]
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