Volvo Cars has made the strategic decision to relocate the production of Chinese-made electric vehicles to Belgium amidst concerns over potential tariffs imposed by the European Union. This move comes as the EU is expected to crack down on Beijing-subsidised imports, prompting Volvo to take preemptive action to avoid any negative ramifications. The decision to
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The Covid-19 pandemic has revealed both strengths and weaknesses in the American economy, and one sector that has been particularly affected is child care. As day cares closed their doors and schools shifted to virtual learning, parents were left struggling to balance work and childcare responsibilities. Although the employment levels in the child care sector
Boeing’s Starliner was supposed to be a game-changer in the world of commercial space travel, designed to transport astronauts to and from the International Space Station. The company entered into a $4.2 billion contract with NASA back in 2014, as part of the agency‘s Commercial Crew Program. This program was NASA’s way of shifting some
The recent passage of legislation in New York to restrict social media platforms from exposing addictive content to users under the age of 18 without parental consent marks an important step in addressing the risks that children face online. The bills are aimed at curbing the negative impact of excessive social media use on adolescent
After eight successful years at Kino Lorber, Wendy Lidell, the Senior Vice President of Theatrical Acquisitions and Distribution, is set to depart the company at the end of June. This news comes as a significant shift in leadership for the indie distributor, as Lidell has been instrumental in overseeing all theatrical acquisitions and distribution efforts
Microsoft recently made the decision to change its approach regarding the Recall feature on new PCs after security researchers discovered potential vulnerabilities that could be exploited by attackers. This decision reflects Microsoft’s ongoing effort to balance innovation with user privacy and security concerns. The Recall feature was initially highlighted as a key capability of the
In December 2023, the prevailing sentiment in the market was that there would be a series of rate cuts in 2024. However, Scott Kleinman, the Co-President of Apollo Asset Management, had a different perspective. He made a contrarian call by betting against any rate cuts in the upcoming year. This decision has proven to be
Alibaba, the Chinese e-commerce giant, is making significant strides in its global expansion efforts by introducing new services targeted at small businesses in the U.S. and Europe. One of the key initiatives announced by Alibaba.com, the company’s business-to-business platform catering to companies outside of China, is the launch of “Alibaba Guaranteed.” This new service is
In a surprising turn of events, Autonomy founder Mike Lynch has been acquitted of fraud by a jury in San Francisco, marking a major win for the entrepreneur who has been embroiled in legal troubles since the sale of his company to Hewlett-Packard (HP) in 2011. Lynch, along with former Autonomy finance executive Stephen Chamberlain,
Ramp, the rapidly growing expense management company valued at $7.65 billion, has recently announced its foray into the realm of business travel through a strategic partnership with Booking Holdings’ Priceline. This innovative product, named Ramp Travel, leverages the power of artificial intelligence and automation to revolutionize the process of booking and managing expenses related to
Rivian Automotive has recently announced the redesign of its all-electric R1 pickup and SUV models, with a focus on improving range, performance, and computing power. Despite the 2025 model-year vehicles looking similar outwardly to the current models, Rivian has made significant changes to over half of the hardware components in the second-generation products. In addition,
The recent surge in major Asian chipmaking stocks and Nvidia suppliers can be attributed to renewed optimism over artificial intelligence. NVIDIA Corporation (NASDAQ:NVDA) reached a valuation of over $3 trillion for the first time, surpassing Apple Inc (NASDAQ:AAPL) to become the second most valuable company on Wall Street. This surge was fueled by the market’s
Nvidia, a company at the forefront of generative artificial intelligence, saw its shares surge by 5% to $1,224.40 on Wednesday, reaching a remarkable milestone of a market cap above $3 trillion for the first time. This achievement comes as investors eagerly seek to invest in a company that has been driving the boom in AI
Jennifer Lopez has been dominating the streaming world with her latest Netflix sci-fi film, Atlas, which has garnered nearly 60 million global views. This impressive feat has landed the movie in the top spot on the streamer’s top 10 film chart for the second consecutive week. It’s worth noting that Atlas marks Lopez’s fourth No.