Volkswagen faces intensified strikes at German plants as workers protest wage cuts and closures amid union talks. With trust eroded, unions demand concessions, warning of longer strikes, while VW cites cost-cutting as essential to compete with cheaper Asian rivals.
Chinese automakers are boosting hybrid exports to Europe, bypassing EV tariffs and offering affordable models to meet rising demand amid growing competition in the market.
Nissan CEO Makoto Uchida faces mounting pressure to revive the automaker after missed hybrid opportunities and falling sales in key markets. Major cuts and restructuring plans are underway.
Volkswagen workers in Germany will stage warning strikes over layoffs, wage cuts, and plant closures as talks with labour union IG Metall fail to reach a resolution.
Black Friday sees muted U.S. in-store sales, up just 0.7%, while online spending surges 14.6%. Shoppers favor convenience and discounts online, benefiting giants like Amazon and Walmart.
Gautam Adani denies $265M bribery claims, vows resilience. Allegations spark global fallout as Adani Group faces halted investments, political clashes, and a state power deal review.
ChatGPT celebrates its second anniversary, revolutionising industries and reshaping how AI integrates into daily life. With 180M+ active users, it's a global phenomenon driving innovation across sectors.
Adani Group strongly denies U.S. allegations of a $265M bribery scheme involving key executives. Despite political and financial fallout, the group asserts its growth plans remain unaffected, while legal responses to the charges are being prepared.
Toyota’s global output fell for the ninth month in a row in October, primarily due to lower production in the U.S. and China. However, the automaker saw a 1.4% rise in global sales, reaching a record 903,103 vehicles for the month.
The U.S. FTC has opened a broad antitrust investigation into Microsoft, focusing on cloud computing, licensing practices, and AI products, amid allegations of market abuse.
Temu and Shein's aggressive keyword bidding drives up search ad costs, impacting retailers this Black Friday. Rising "cost per click" pushes businesses to rethink strategies, shifting focus to social media, influencers, and high-value customer engagement.
Thai Airways International plans to raise up to $1.27 billion by issuing 9.82 billion new shares as part of its ongoing restructuring efforts. The national carrier, which entered bankruptcy protection in 2020, aims to exit the plan by mid-2024 and resume trading its shares.
Donald Trump plans steep tariffs on Canada, Mexico, and China, sparking trade war fears and raising concerns over USMCA violations and global economic impacts.
All three major indexes posted weekly gains, as investors took comfort from data pointing to robust economic activity in the world's biggest economy.
Goldman Sachs and Morgan Stanley both predict the S&P 500 will hit 6,500 by 2025, driven by U.S. economic growth and corporate earnings. Risks include tariffs and bond yields, while earnings are expected to rise 11% with a $268 EPS projection.
Oil prices rose as Norway's Johan Sverdrup oilfield halted output due to a power outage, while escalating tensions in the Russia-Ukraine conflict added further pressure on global markets.
President-elect Donald Trump weighs options for Treasury Secretary, with former Fed Governor Kevin Warsh, Apollo CEO Marc Rowan, and Senator Bill Hagerty among top contenders. Key figures like Howard Lutnick and Scott Bessent are also in the mix, with meetings planned at Mar-a-Lago.
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