Ford cuts EV plans as demand falls and policy shifts take effect
Ford Motor Company said on Monday it will take a $19.5 billion writedown and scrap several electric vehicle (EV) models, marking a major retreat from ...
International tech innovators arrived in Las Vegas, to represent and try out the latest gadgets and innovations ahead of CES 2025.
The CES trade show, one of the largest gatherings in the U.S., showcases the latest innovations in AI, VR, and health tech from January 7-10.
It takes place just before President-elect Donald Trump’s inauguration, raising concerns over proposed tariffs on imports from countries like Canada, Mexico, and China, which could increase costs for businesses and consumers.
Gary Shapiro, CEO of the Consumer Technology Association, expressed worries that these tariffs would stifle innovation and harm American companies and markets. This year's highlights include a keynote speech from Nvidia CEO Jensen Huang, with AI as a focal point.
Tariffs are expected to dominate discussions, with companies considering shifting production to the U.S. to avoid disruptions. For instance, Honda has indicated it may need to reevaluate its Mexican production if permanent tariffs are imposed. As many new cars sold in the U.S. are made abroad, industry experts warn that automakers could face significant profit losses.
Additionally, Trump plans to roll back policies promoting electric vehicles, leaving automakers like Honda and Toyota to focus on advancements in self-driving and AI technology.
Russia’s human rights commissioner, Tatyana Moskalkova, has said that Ukraine has not provided Moscow with a list of thousands of children it alleges were taken illegally to Russia, despite the issue being discussed during talks in Istanbul.
An explosive device found in a vehicle linked to one of the alleged attackers in Bondi shooting has been secured and removed according to Police. The incident left 12 people dead.
Syrian President Ahmad al-Sharaa has offered condolences to President Donald Trump following an ISIS attack near the ancient city of Palmyra that killed two U.S. soldiers and a civilian interpreter, Syrian and U.S. officials said Sunday.
At least 17 people, including students, were killed and 20 others injured after a school bus fell off a cliff in northern Colombia on Sunday, authorities said.
At least 14 people have died and 32 others were injured after flash floods swept through Morocco’s Atlantic coastal city of Safi on Sunday, authorities said.
Iran has rolled out changes to how fuel is priced at the pump. The move is aimed at managing demand without triggering public anger.
U.S. stock markets closed lower at the end of the week, as investors continued to rotate out of technology shares, putting pressure on major indices.
The U.S. Federal Reserve’s Federal Open Market Committee (FOMC) cut its benchmark interest rate by 25 basis points to a range of 3.50% to 3.75% following its two-day policy meeting, according to an official statement issued on Wednesday, 10 December.
China has carried out a major test of a new “super wireless” rail convoy, a technology that could reshape the future of heavy-haul transport.
Paramount Skydance (PSKY.O) has launched a $108.4 billion hostile takeover bid for Warner Bros Discovery (WBD.O). The escalation follows a high-stakes battle that had appeared to end last week when Netflix secured a $72 billion deal for the studio giant’s assets.
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