On Friday, the Sweden-based automaker reported a 6% year-over-year increase in Volvo Cars’ July sales, reaching 57,447 units. This rise was primarily driven by a surge…
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A merchant involved in the protest told Reuters that hundreds of Chinese vendors on Temu have complained against what they consider to be excessively large fines…
Toyota’s global production fell in June, marking the fifth consecutive month due to a home market scandal and China’s price war.Japan’s top automaker’s global output fell…
According to a report published on Friday in the Nikkei business daily, Toyota Motor of Japan intends to construct an electric vehicle battery plant in the…
Geopolitical rivalries, especially U.S.-China trade battles, now top inflation concerns for sovereign wealth funds and central banks.Global conflicts, like Russia-Ukraine war and trade restrictions, now dominate,…
Nvidia is developing China-compatible AI chips adhering to U.S. export controls, according to three informed sources.The AI chip company introduced its “Blackwell” chip family in March,…
Nokia reported a 32% drop in Q2 operating profit due to sluggish 5G equipment demand, yet expects improvement later.Operating profit dropped to 423 million euros ($462.38…
Pernod Ricard announced on Wednesday that it has decided to sell the majority of its wine portfolio to the founders of Australia’s Accolade Wines. Consequently, the…
CATL and BYD are exploring the expanding market for stationary energy storage solutions in China.Since 2021, CATL leads global battery deliveries for energy storage, holding over…
Amazon founder Jeff Bezos plans to sell nearly $5 billion in shares following the stock’s record high, a filing revealed.After hours Tuesday, a notice revealed the…