Having Overtaken Tesla, BYD Is Running Into Problems Overseas
The Chinese EV maker is seeing vehicles pile up overseas amid weak demand, quality-control issues and internal tension. Source link
BUSINESS News
Breaking Business News/Latest Business Updates/World Business News Update
Incident on Latam Flight Injures Dozens Aboard Boeing 787 Dreamliner
Roughly 50 people were treated by first responders after the flight from Sydney to Auckland experienced what the airline described...
Fidelity Investments Cuts About 700 Jobs This Week
Investment giant had hired aggressively in recent years during the market rally Source link
3M Board Approves Healthcare Unit Spinoff
The St. Paul, Minn.-based company said that the spinoff of the unit, which will be called Solventum Corp., would occur...
P&G Launches Tide Tiles in Bid to Change How Laundry Is Done
P&G has developed Tide detergent squares that eliminate water and plastic bottles after 10 years in the making. Source link
Sam Altman's Eye-Scanning Worldcoin Venture Appeals Spanish Ban
Spain’s Data Protection Agency on Wednesday ordered a precautionary measure prohibiting Worldcoin’s activities in the country for up to three...
Tire Maker Goodyear to Close Malaysia Plant, Affecting 550 Jobs
The Akron, Ohio-based tire maker said the move is part of its plan aimed at delivering annualized cost reductions of...
Eli Lilly Alzheimer's Drug Delayed as FDA Plans Advisory Panel Meeting
The timing of the agency’s expected action on the donanemab drug would be postponed beyond the first quarter, the company...
Prada Soars After Jump in Sales, Profit
Prada gained about $2.7 billion in market value after annual profit and sales surged past analysts’ expectations, outperforming other European...
BP Claws Back $2.3 Million From Ex-CEO
BP clawed back a further $2.3 million from ex-boss Bernard Looney’s remuneration package following his dismissal in December. Source link
The New Job Hot-Spots: Phoenix, Orlando and Albuquerque
Job growth in the Sunbelt vaults ahead while San Francisco and other powerhouse metros slow. Source link
HelloFresh Drops Midterm Targets
HelloFresh shares fell more than 40% after the company dropped its midterm targets as it expects earnings to fall this...
China's Vehicle Sales Fall Amid Price War, Long Holiday
China’s vehicle sales fell sharply in February, dragged by weaker demand during the Lunar New Year holiday and an intensifying...
Rentokil Sees Better Terminix Synergies
Rentokil raised its synergies expectations from the Terminix acquisition and laid out new plans for North America, aiming to achieve...
Aviva Upgrades Targets After Profit Beat
Aviva lifted its operating profit target to around £2 billion by 2026 as it reported better-than-expected full-year results. Source link
Continental Faces Costs Hike as Profit Misses Views
Continental posted full-year profits below consensus and warned that wage costs would rise to around €500 million in 2024 and...
Hugo Boss 2024 Guidance Below Forecasts, Warns on Sales Outlook
Hugo Boss gave earnings projections for this year that are below analysts’ current forecasts and warned that it might not...
Telecom Italia Outlines Targets Through 2026
Telecom Italia said it aimed to deliver earnings growth of 8% over the next three years as well as reduction...
Lufthansa Restores Dividend as Profits Jump
Lufthansa is planning its first dividend payout since the pandemic, despite reporting revenue and profits below forecasts for the fourth...
Japan Auto Stocks Fall Sharply as Yen Rebounds to One-Month High
Japanese auto stocks fell sharply as the yen rebounded to a one-month high due to growing expectations that the Bank...
