Business

Liverpool Lands Chery European Headquarters in Significant Market Move

Liverpool will serve as the European headquarters for Chinese carmaker Chery's research and development operations, with the state-owned manufacturer consolidating European commercial vehicle activities on Merseyside. The facility will integrate research, engineering, and commercial functions. Chery has successfully entered the UK market through its Omoda and Jaecoo brands and is now introducing its primary Chery brand with an advertising campaign starring Peter Crouch, the former...

EasyJet Opposes EU Free Baggage Rules Citing Fleet Utilization Impact

Budget airline EasyJet has warned that European Union baggage regulations could impact fleet utilization efficiency by creating boarding delays that reduce aircraft productivity. The legislative proposal under consideration would mandate free cabin baggage across European air travel. Parliamentary votes have advanced regulations requiring airlines to provide allowances for both personal items and larger carry-on bags. The airline's leadership emphasizes that efficient fleet utilization depends on minimizing...

UK’s Steel Future: A “Slew of Crises” Spurs Radical New Plan

Facing a "slew of crises," from global tariffs to Chinese oversupply, the UK government is promoting a radical new plan for its steel industry....

Atlanta Fed President Bostic to Retire, Capping Historic Career

Raphael W. Bostic, the president of the Atlanta Fed, will retire in February, capping a historic career as the first African American and openly...

Trading Hardware for Brains: SoftBank Exits Nvidia to Double Down on OpenAI

SoftBank has made a definitive statement about the future of technology, liquidating its $5.8 billion stake in the chip hardware titan, Nvidia. The proceeds...

“A Mockery of Agreements”: 700 New US Tariffs Threaten EU/UK Pacts

European exporters are accusing the US of "making a mockery" of their trade agreements as the Commerce Department considers new tariffs on 700 products....

Google’s ‘AI Supplier’ Strategy Wins Big with $1B Siri Deal

Google's strategy to become a premier "AI supplier" has paid off massively, culminating in a $1 billion-a-year deal with its biggest rival, Apple. Google's...

“Consistent Views”: Norway Fund Again Rejects Massive Musk Payout

Sticking to its principles, Norway's sovereign wealth fund is once again rejecting a massive payout for Elon Musk, citing "consistent views on executive compensation." The...

45% of China’s Russian Oil Imports at Risk from “Buyers’ Strike”

As much as 45% of China's oil imports from Russia are at risk from a new "buyers' strike," according to Rystad Energy AS. This...

$5.05 Trillion: Nvidia’s New Value Redefines Market Limits

Nvidia has officially redefined the limits of the stock market. The chipmaker's valuation hit $5.05 trillion on Wednesday, making it the first company in...

APEC Summit: Trump-Xi to Meet as Tariff Threat Looms

The APEC summit in South Korea will host a critical meeting between President Donald Trump and President Xi Jinping on Thursday, as a new...

Elon Musk Challenges Tesla Shareholders to Choose Between Him and Advisors

During Tesla's earnings call, Elon Musk issued a challenge to shareholders to choose between supporting his leadership or following proxy advisor recommendations against his...

Trump accuses Canada of ‘interference,’ terminates trade talks

President Trump has terminated all trade talks with Canada, accusing the country of "interference" via a "fake" ad featuring Ronald Reagan . "Canada cheated and...

GM Anticipates Stronger Year with Reduced Trade-Related Costs

Reduced trade-related costs are helping General Motors anticipate a stronger year. The automaker's revised guidance projects adjusted core profits ranging from $12 billion to...