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Business

Tesla Faces a Steep Decline in January Deliveries in China Amid Rising Competition

Tesla's January deliveries in China fell by 11.5% year-over-year, with 63,238 units sold. BYD, a local competitor, delivered 296,446 vehicles, marking a 47.5% increase from last ye...

Business

Legal & General Strikes a $2.3 Billion Deal: Selling US Protection Unit to Meiji Yasuda

Legal & General Group Plc announces the sale of its US protection business to Meiji Yasuda Life Insurance Company for $2.3 billion, aiming to deepen corporate ties and enhance shar...

Business

China Launches Groundbreaking Pilot Program for Insurers to Diversify into Gold Investments

China's NFRA introduces a pilot program allowing insurance funds to invest in gold, aiming to diversify investment channels and optimize asset allocation, with strict regulatory ov...

Business

Tesla Faces a Steep Decline in January Deliveries in China Amidst Rising Competition

Tesla's January deliveries in China fell by 11.5% year-on-year, with a significant month-on-month drop in Model 3 and Model Y sales. Meanwhile, BYD reported a 47.5% increase in del...

Business

Meta and UNESCO Collaborate to Revolutionize AI Translation for Rare Languages

Meta Platforms Inc. partners with UNESCO to develop advanced AI for translating underserved languages, seeking global contributions to enhance AI models and introducing an open-sou...

Business

Uber's Stock Skyrockets 8% Following Bill Ackman's High Praise and Investment

Uber Technologies Inc.'s shares surged 8% after Bill Ackman disclosed a 33.3 million-share stake, praising it as one of the best-managed businesses globally. Ackman highlighted CEO...

Business

Toyota Eyes Expansion in the US Amid Trade Talks Between Japan and the US

Japanese Prime Minister Shigeru Ishiba announced Toyota's plans to increase investments in the US during a meeting with President Trump, amidst discussions on trade deficits and th...

Business

Meta Announces Major Workforce Reduction: What You Need to Know

Meta Platforms Inc. is set to announce a significant workforce reduction, affecting around 3,600 employees identified as low-performing. Affected employees will receive severance p...