Stellantis to take $26 billion hit overhauling its business after ‘over-estimating the pace of the energy transition’
Stellantis said Friday it expects to take a roughly 22-billion-euro ($26 billion) as it overhauls its business to accelerate the rollout of electric and hybrid vehicles.
Japan’s Takaichi eyes decisive mandate as polls point to snap election landslide
The poll showed that the LDP-led coalition was likely to secure more than 300 of the 465 seats in the Lower House.
Toyota names CFO Kenta Kon as CEO in second leadership change in 3 years
Toyota Motor has announced that its chief executive Koji Sato will step down, and be replaced by the automaker’s chief financial officer, Kenta Kon.
AI fears pummel software stocks: Is it ‘illogical’ panic or a SaaS apocalypse?
The software space is facing serious market concerns this week, after the release of new AI tools from AI triggered a market sell-off.
India’s central bank keeps policy rates steady at 5.25% as U.S., EU trade deals ease growth concerns
Economists polled by Reuters had forecast the policy rate to remain unchanged at 5.25%.
Silver’s volatility has exceeded 100%. Where exactly is the bottom?
Silver’s dizzying plunge last week and erratic trading this week have left investors wondering: Where and when is the bottom?
Tesla maintains competitive showing in China-made EV sales despite industry headwinds
Tesla remained a strong contender in China’s electric vehicle scene, as the company’s China-produced EV sales grew modestly in January from the year before.
U.S. asks American citizens to ‘leave Iran now’ ahead of high-stakes talks with Tehran
Differences over the scope for the talks have also cast doubts on whether it will still go ahead, keeping open the risk of U.S. military action.
Amazon cloud unit beats on revenue and profit as parent company ramps up AI spending
Amazon is investing heavily to capitalize on artificial intelligence opportunities in the cloud.
India to reportedly buy up to $80 billion in Boeing aircraft following trade deal with U.S.
Indian minister shares details about India-U.S. deal timeline and New Delhi’s potential to buy more American goods.