Latest in Japan's Toyota announces EV and battery push in China and U.S., as its quarterly profit surges
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Ørsted announces further writedown on its US offshore wind business
Danish developer blames interest rates, supply chains and ‘market uncertainties’ for the latest impairmentFinancial Times - Jan. 20 -
China Signals It Is Open to a Deal Keeping TikTok in U.S.
The founder of the app’s parent, Beijing-based ByteDance, met with Elon Musk last year.The Wall Street Journal - Jan. 20 -
World could soon see its first trillionaires, Oxfam says, as billionaire wealth surges
Billionaire wealth surged in 2024, as the world’s richest people increasingly benefited from inheritance and powerful connections, Oxfam said in its annual inequality report.NBC News - Jan. 20 -
Biden Made a Global Push to Constrain China. What Will Trump Do?
Jake Sullivan, the national security adviser, said in an interview that “we’ve just stuck with our theory, which is managed competition.” Trump and Xi Jinping might have other plans.The New York Times - Jan. 19 -
Is TikTok pushing Taiwan’s young people closer to China?
A growing number of researchers fear that the controversial app is promoting pro-China content and softening attitudes towards the People’s RepublicFinancial Times - Jan. 17 -
EV, hybrid sales reached a record 20% of U.S. vehicle sales in 2024
DETROIT — Sales of all-electric vehicles and hybrid models reached 20% of new car and truck sales in the U.S. for the first time last year — marking a landmark year for “green” vehicles but coming ...NBC News - Jan. 16 -
Target says its holiday sales were better than expected — but its profits weren't
The big-box retailer's report indicates that deals and promotional events motivated shoppers.CNBC - Jan. 16 -
Nvidia supplier Taiwan Semi reports profit surge. AI capacity is ‘very tight,’ CEO says.
Taiwan Semiconductor Manufacturing Co. on Thursday reported a stronger-than-expected profit and said artificial intelligence demand will help offset a typically weak period for smartphone sales.MarketWatch - Jan. 16 -
Toyota reaches $1.6 billion settlement of emissions fraud case in U.S.
U.S. officials announced a $1.6 billion deal with Toyota's Hino Motors unit to settle charges it deceived regulators about the amount of emissions spewed by its diesel engines.CBS News - Jan. 16 -
Toyota subsidiary to pay $1.6 billion over U.S. emissions fraud case
Toyota subsidiary Hino Motors will pay $1.6 billion to settle a fraud case that alleged the company deceived regulators about emissions amounts from its diesel engines, U.S. officials have ...CBS News - Jan. 16 -
Taiwanese chipmaker TSMC posts 57% surge in profit thanks to the AI boom
Taiwan computer chip maker TSMC has reported its profit in the last quarter rose 57%, buoyed by the artificial intelligence boomABC News - Jan. 16 -
GM looks to make cheaper EV batteries after signing multibillion-dollar deal
General Motors aims to boost EV profitability with its deal with Norway-based graphite manufacturer Vianode for battery materials.MarketWatch - Jan. 15 -
In Pursuing Canal, Trump Could Push Panama Closer to China
President-elect Donald J. Trump’s threat to take back the Panama Canal may be posturing, but it could dampen the Panamanian government’s wish to broaden relations with the United States, analysts say.The New York Times - Jan. 15 -
GM Signs Multibillion-Dollar Deal for Supply of EV Battery Materials
The deal, with Norway’s Vianode, is for delivery of a material critical for electric-vehicle batteries.The Wall Street Journal - Jan. 15 -
On the eve of Switch 2 announcement, the game industry has a lot at stake
The Nintendo Switch 2 is expected to be announced on Thursday, according to rumors across the industry.VentureBeat - Jan. 15 -
Oscars push back nominations announcement amid California wildfires
The Oscar nominations are being pushed back almost a week from their original date amid the ongoing California wildfiresABC News - Jan. 13 -
Dementia Cases in the U.S. Will Surge in the Coming Decades, Researchers Say
By 2060, new dementia cases per year could double to one million because of the growing population of older Americans, a study predicts.The New York Times - Jan. 13 -
Big US banks set for $31bn quarterly profit as Wall Street business booms
Trading activity boosted in final quarter of 2024 by Donald Trump’s election winFinancial Times - Jan. 13 -
China corporate profits set for third year of declines
Oversupply drives intense competition that is undermining prices and profitabilityFinancial Times - Jan. 13 -
Despite Nippon Steel Negotiation, U.S., Japan Retain Strong Relationship
Though the president blocked Japanese purchase of Nippon Steel, it remains a U.S. ally.Inc. - Jan. 12 -
Outgoing ambassador assesses state of U.S.-China relations
Ambassador Nicholas Burns spoke to NBC News’ Janis Mackey Frayer about China’s position in the world, and its precarious relationship with the U.S.NBC News - Jan. 10 -
Toyota rethinks its bet on hydrogen
The world’s largest carmaker is pivoting to commercial vehicles after passenger cars fail to gain tractionFinancial Times - Jan. 10 -
VW's Scout has more than 50,000 EV reservations as automaker aims to grow U.S. share
LAS VEGAS — Scout Motors has received more than 50,000 refundable reservation deposits for its first electric pickups and SUVs, according to Volkswagen CEO Oliver Blume.NBC News - Jan. 9 -
U.S. Saw an Opportunity While It Pushed to Arm Ukraine
The White House seized a rare chance to undermine Russia and build up regional allies as it built a coalition to support the Ukrainians.The New York Times - Jan. 9 -
Pressure on China and pure 'trolling': Why Trump is pushing an expansionist agenda
In the final weeks before Donald Trump returns to the White House, the focus of his public remarks has been on acquiring Canada, Greeland and the Panama Canal.NBC News - Jan. 9 -
As U.S. announces new Ukraine aid package, Zelenskyy says send troops
Ukraine's leader says partners sending ground troops would help "force Russia into peace," as America's European allies ponder Trump's next move.CBS News - Jan. 9 -
Japan mafia leader pleads guilty in U.S. to nuclear material trafficking
Takeshi Ebisawa allegedly conspired to traffic uranium and plutonium from Myanmar in the belief that Iran would use it for nuclear weapons.CBS News - Jan. 9 -
U.S. Efforts to Cut Emissions Stalled in 2024 as Power Demand Surged
After staying flat for nearly two decades, electricity use is starting to rise again, and the boom in wind and solar power hasn’t kept pace.The New York Times - Jan. 9 -
VW's Scout has more than 50,000 reservations for upcoming EVs as automaker aims to grow U.S. share
Volkswagen, which revived the old American brand, said Scout is part of its plan to grow its market share in the U.S.CNBC - Jan. 8 -
Pentagon blacklisting of China’s EV battery maker puts US banks in bind
Involvement in Hong Kong secondary listing of CATL raises reputational risks for Wall Street groupsFinancial Times - Jan. 8 -
India confirms first HMPV cases amid surge in China
India confirmed its first cases of human metapneumovirus (HMPV) infections in children, with a total of seven cases reported as of Tuesday. The cases were reported in Bengaluru, Nagpur, Tamil Nadu ...The Hill - Jan. 7 -
Annual ‘winners’ for most egregious US healthcare profiteering announced
Selling body parts without consent and billing desperate parents $97,599 for air transport among worst examples. The 2024 “winners” of the annual Shkreli awards , given each year to perpetrators ...The Guardian - Jan. 7 -
Pentagon blacklists Tencent, largest Chinese EV battery maker
The Defense Department has added dozens of Chinese firms to a list of companies that are prohibited from working with the Pentagon and defense industry due to their alleged ties with China's ...The Hill - Jan. 7 -
Europe Wanted to Lead the World on EVs. Its Carmakers Can’t Keep Up
The lack of cheap EVs and the reliance on combustion engines is putting Europe’s plan to ban new petrol cars by 2035 at risk.Wired - Jan. 7 -
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These EV 'Battery Belt' Towns Are Betting Trump Won't Ditch Them
Ford, Hyundai and other carmakers are cranking up new EV battery factories, while uncertainty looms over Biden-era subsidies for them.The Wall Street Journal - Jan. 7 -