A group of Democratic lawmakers in Texas has asked Tesla to delay the introduction of its self-driving robotaxi service in Austin. The lawmakers believe it would be better to wait until September when a new state law on autonomous vehicles comes into effect. They argue that this delay would help ensure public safety and build […] More
The CEO of Nippon Steel, Eiji Hashimoto, has confidently stated that the U.S. government’s special “golden share” in U.S. Steel will not interfere with the company’s management decisions. This comes just a day after Nippon Steel finalized its massive $14.9 billion purchase of U.S. Steel, ending an 18-month-long negotiation process. The deal includes an agreement […] More
The US Federal Reserve is currently in a tough spot as it tries to figure out where inflation is headed in the long run. This is a big deal because inflation—how fast prices rise—affects everything from grocery bills to home loans. When Fed officials meet to discuss interest rates, they need to understand whether inflation […] More
Private equity firms in the United States are currently sitting on nearly $1 trillion in unsold investments, according to a recent report by PricewaterhouseCoopers (PwC). Normally, this money would have been returned to investors, but several economic challenges have made it difficult for these firms to sell their assets. High interest rates, changing trade policies, […] More
The US Federal Reserve is starting an important two-day meeting to discuss the country’s economic situation. Policymakers are gathering at a time when rising tensions in the Middle East and ongoing trade policies are creating uncertainty. The Fed is expected to keep interest rates steady, but new data on retail sales and factory output could […] More
The Trump family has entered the mobile phone industry by introducing a new service called Trump Mobile, along with a premium smartphone priced at $499. The announcement was made at Trump Tower in New York, marking another business expansion under the Trump Organization. The service will operate using existing networks from major US wireless carriers, […] More
Global energy leaders met in Kuala Lumpur, Malaysia, for an important oil industry conference, but their discussions were overshadowed by growing tensions in the Middle East. Recent clashes between Israel and Iran have raised fears of a wider conflict that could disrupt global oil supplies. The situation has put the energy industry on high alert, […] More
Nissan Motor Company is planning to lower its ownership in its long-time partner Renault, according to Nissan’s CEO Ivan Espinosa. This move is part of the company’s strategy to free up funds for developing new vehicles, especially as the auto industry faces tough competition and changing market demands. The news was first reported by a […] More
In a surprising move, Luca de Meo, the well-known CEO of Renault, has decided to leave the French car company to take on a new role outside the automotive industry. Reports suggest he will soon become the new chief executive of Kering, the luxury fashion group that owns famous brands like Gucci, Yves Saint Laurent, […] More
The Washington Post is currently dealing with a serious cyberattack that compromised the Microsoft email accounts of several journalists. Reports suggest that foreign hackers may be behind this breach, raising concerns about press freedom and national security. The Wall Street Journal first broke the news, revealing that the attack was discovered recently, and an investigation […] More