German automotive supplier Bosch has issued a stern warning to Chinese electric vehicle (EV) makers that an escalating price war would not only hurt their profitability but also dent their stature as global industry leaders. David Xu Daquan, president of Bosch China, told reporters at a media briefing on Tuesday that he had made a […]
ROME — Italy’s Leonardo is seeking industrial partners around the world to get on board its new AW249 attack helicopter as it flies two prototypes, readies two more and brings the platform to the Eurosatory trade show in Paris. Bigger and faster than the aging Italian army AW129 Mangusta it is set to replace, and […]
By Mimosa Spencer and Elisa Anzolin PARIS/MILAN (Reuters) -China’s richest people are avoiding flaunting their wealth in favour of more discreet fashion, according to a report published on Tuesday by Bain consultancy that predicted the weakest global luxury market since the height of the pandemic. Global sales of personal high-end goods – spanning clothing, accessories […]
Excluding children from school education could cost the global community around $10 trillion a year by 2030 if states do not take decisive action, the United Nations warned in a new report published on Monday. The report by the UN’s educational, scientific and cultural agency UNESCO estimates the specific costs for private individuals, states and […]
Exactly one year ago this week, Donald Trump sat down with Fox News’ Bret Baier, and the host asked the former president what he considers “the most important issue” facing the country. The Republican talked about the economy, border security, and getting “the woke out of our military,” before focusing on his principal point of […]
Dublin has jumped into the top 50 list in a global index which looks at the most expensive cities for expatriate employees. The city has moved up 10 places since last year to be ranked 41st in Mercer’s 2024 cost-of-living city ranking, ahead of cities such as Milan, Rome and Madrid. Dublin jumped up the list […]
(Bloomberg) — Asian stocks are set to fall in early trading as concern over a political crisis in France fans anxiety in global markets, while a flurry of central bank decisions this week may signal delays to the long-awaited easing cycle. Most Read from Bloomberg Equity futures in Australia, Japan and Hong Kong point to […]
After overtaking their U.S. competitors in sales for the first time, Chinese carmakers are one step closer to fulfilling Tesla CEO Elon Musk’s prophecy that one day they would “demolish” most other car companies. Chinese carmakers sold 13.43 million cars last year, outpacing the 11.93 million cars sold by American companies, according to a report […]
June 13 (UPI) — Despite sweltering temperatures Thursday, the area around the Seoul Sports Complex in southern Seoul transformed into a vibrant sea of purple, as fans gathered to celebrate the 11th anniversary of K-pop megastar BTS. Hours before the 2024 Festa — an annual event hosted by BTS’ agency, BigHit Music — throngs of […]
WASHINGTON (AP) — Former President Donald Trump told an influential group of CEOs that he wants to further cut the corporate tax rate he lowered while in office, while President Joe Biden’s chief of staff separately told them that the Democratic incumbent’s emphasis on global alliances would help their businesses. Both Trump, the presumptive Republican […]
Oil demand has been on a rollercoaster ride over the last five years due to a global pandemic, wars, and other economic pressures. That’s happened against a backdrop of the U.S. ramping up shale production, countries tightly controlling how much oil is released, and the world transitioning to alternative energy sources. All these factors will […]
Good morning! Despite entering the corporate lexicon nearly two years ago, the trend of “quiet quitting,” or choosing not to go above and beyond at work, is still in full swing. Around 62% of employees globally are not engaged at work, meaning they are doing the minimum required, and detached from their job, according to […]