Hyundai is set to launch a new EV brand as it looks to gain its share of the largest market globally. The automaker is betting on custom EVs to revamp sales in the region. China is the undisputed EV market leader. Fully electric vehicles accounted for over 23% of new car sales last year in
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Apple shares slumped in after-hours trading – driven by disappointing iPhone sales in China and a warning that future revenues will fall well short of expectations on Wall Street. The gloomy market reaction overshadowed an otherwise strong financial performance in Apple’s first fiscal quarter. In the three months to 30 December, the tech giant reported
In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Tesla CEO Elon Musk Omar Marques | Getty Images Tesla will pay a fee of $1.5 million to settle a civil lawsuit alleging the company mishandled hazardous waste materials at facilities throughout the state of California for years. The fee is negligible for Tesla, which
At least two people have been killed and 29 injured after gas explosion in Nairobi, according to reports. A local newspaper in the Kenyan capital said the blast happened in the Embakasi neighbourhood just before midnight on Thursday. Wesley Kimeto, commander in charge of police in Embakasi, was quoted saying on the Standard newspaper’s X
In this article AAPL Follow your favorite stocksCREATE FREE ACCOUNT Apple CEO Tim Cook holds a new iPhone 15 Pro during the Wonderlust event at the company’s headquarters in Cupertino, California, on Sept. 12, 2023. Loren Elliott | Reuters Apple reports fiscal first-quarter earnings after the bell. The quarter, which ends in December, is Apple’s
Tesla Cybertrucks are now being delivered without aerodynamic wheel covers installed, due to the covers causing excessive wear and tear to tires. Tesla is currently redesigning the covers, with a fix coming soon™. In the last couple days we’ve been hearing some scuttle that Cybertrucks were being delivered without aero wheel covers installed, due to
Associated Press Feb 1, 2024, 03:09 PM ET Open Extended Reactions LOUISVILLE, Ky. — Churchill Downs will move the post draws for the 150th Kentucky Derby and Oaks to one full week before horse racing’s marquee event on May 4. The move is intended to provide better handicapping information for bettors and have entries onsite
The idea of Lewis Hamilton moving to Ferrari is simultaneously shocking but not remotely surprising. Hamilton is, obviously, a prodigiously talented driver. We all know that. But he’s not just fast, he’s smart. At his best, he can manage races and exploit the strengths of the car while minimising its weaknesses. And, like the very
Progress in cancer survival in the UK is now slower than it has been for 50 years, a report suggests. The Cancer Research UK report warns the UK lags behind comparable countries such as Australia, Canada, Denmark and Norway in tackling the disease. It comes amid a backdrop of rising cancer cases, with the charity
One of the members of the Bank of England’s rate-setting Monetary Policy Committee has voted for a cut in its base-level interest rate for the first time since the pandemic, as Britain’s central bank forecast that inflation could be down at its 2% target within a few months. The Bank opted to leave borrowing costs
In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT A Tesla Model Y is seen on a Tesla car lot in Austin, Texas, on May 31, 2023. Brandon Bell | Getty Images Tesla upgraded the self-driving hardware on the Model Y car it sells in China, Elon Musk’s automaker said on WeChat on Thursday,
A Shell logo displayed on a sign at a gas station in Nakuru, Kenya. Sopa Images | Lightrocket | Getty Images British oil giant Shell on Thursday beat expectations for full-year profit and announced a $3.5 billion share buyback program. Shell reported adjusted earnings of $28.25 billion for the full-year 2023, a 29% drop compared to its
British Formula One star Lewis Hamilton will leave Mercedes and join Ferrari for the 2025 season, Sky Sports News understands. It is understood the Mercedes factory are to be briefed by chief executive of the team, Toto Wolff, ahead of a formal announcement later today. The new F1 season begins with the Bahrain Grand Prix
Donald Trump’s legal claim over allegations he took part in “perverted” sex acts and gave bribes to Russian officials has been dismissed by a High Court judge. The former US president, 77, had brought the data protection case in the UK after claims were published about him in the so-called Steele dossier before the 2016
Oil prices are on pace for the first monthly gain since September as the U.S. and Iran stand on the brink of a more direct confrontation in the Middle East. The West Texas Intermediate contract for March was last down $1.09, or 1.40%, to trade at $76.73 a barrel on Wednesday. The Brent contract for
In today’s episode, Ian King speaks with Dan Ives – managing director of the brokerage and advisory firm Wedbush Securities – to discuss Microsoft’s revenues and AI. Ian Johnston, global pharmaceutical correspondent at the Financial Times, discusses sales of popular weight loss drug ‘Wegvoy’, made by Novo Nordisk – as they say their sales almost
Volkswagen, like other car giants, are pushing heavily into AI to boost their technology credentials and make their cars smarter. Ismail Aslandag | Anadolu via Getty Images German automaker Volkswagen has established its own artificial intelligence lab, the company said Wednesday, reflecting growing ambitions from the car industry to adopt the buzzy technology. In a
Ukraine and Russia have exchanged around 200 prisoners of war from each side. Russia’s defence ministry said the swap involved 195 soldiers on each side – but President Zelenskyy said 207 Ukrainians were freed in Wednesday’s exchange. There was no immediate explanation for the different figures. Ukraine-Russia war latest – Putin’s US missile accusations “We
Facebook is 20 years old today. On 4 February 2004 Mark Zuckerberg launched ‘thefacebook.com’ from his Harvard dormitory. Two decades later, many users struggle to remember a time they weren’t scrolling through its news feed – or that of its social media sibling, Instagram. While allowing us to find long-lost friends and family, and supporting
Cyber hackers working for the Chinese government are preparing to “wreak havoc” on the US, FBI director Christopher Wray is warning. Critical infrastructure such as water treatment plants, the electrical grid, and transportation systems are being targeted to cause “real-world harm” to American citizens, he will tell US politicians on Wednesday. Mr Wray will speak