Byd Chinese Electric Vehicle Giant with Surging Profits
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The ambitions of China’s BYD stretch well beyond electric vehicles
The company’s global plans range from solar modules and electric buses, trucks and trains to complex transport systems. But is it trying to do too much?Financial Times - Business - China -
Zuckerberg defends Meta’s AI spending spree as shares tumble
Parent of Facebook and Instagram reports better than expected quarterly revenue but raises capex guidanceFinancial Times - Business -
BHP-Anglo American: a quick Q&A
Why now, why not earlier, why ever, at what price, and what it might mean for fertiliser production in North YorkshireFinancial Times - Business -
Europe falling behind US and China in pharma innovation, warns AstraZeneca chief
Continent’s drugmakers need to pay up to attract and retain talent, says Pascal SoriotFinancial Times - Business - China -
Stellantis boss slams ‘terrible’ UK electric vehicle policy
Carlos Tavares says Britain’s quota regime could bankrupt carmakersFinancial Times - Business - United Kingdom -
BHP plans £31bn bid for Anglo American but attracts ire from South Africa and shareholders
Legal & General and Abrdn criticise offer as undervaluing UK-listed minerFinancial Times - Business -
Honda to build $11 billion electric vehicle hub in Canada
Honda and its joint venture partners plan to invest $11 billion in Ontario, Canada, to create a "comprehensive EV value chain," the automaker announced.CNBC - Business -
Stellantis boss slams ‘terrible’ UK electric vehicle policy
Carlos Tavares says Britain’s quota regime could bankrupt carmakersFinancial Times - World - United Kingdom -
Study finds electric vehicles lose value more quickly than gasoline-powered cars
In what could be a troubling sign for the electric vehicle market, a recent study found that prices of used EVs dropped far more than comparably aged gas-powered vehicles. NBC News' Christine Romans reports.NBC News - Top stories -
Alphabet surges past $2tn valuation as it announces first dividend
Shares of Google’s parent company jump after first-quarter earnings beat expectations and $70bn stock buybackFinancial Times - Business -
Barclays shares surge as bank beats forecasts despite drop in profits
Barclays posted a 13% drop in its first quarter profits as lower fee income and a drop in the value of its loans and deposits caused its income to slumpMarketWatch - Business -
Nomura profits soar as Japan’s stock market breaks bubble-era record
Investment bank and brokerage boosted by surging stock and fixed-income tradingFinancial Times - World -
Nomura profits soar as Japan’s stock market breaks bubble-era record
Investment bank and brokerage boosted by surging stock and fixed-income tradingFinancial Times - Business -
US economic growth slows; Anglo American shares surge after BHP proposes £31.1bn takeover – as it happened
FTSE 100 hits another record, after buyout offer for Anglo American, while US economy slowed by more than expected in the last quarter. Full story: US growth slows as inflation rises, spooking marketsFull story: BHP moves to buy Anglo American ...The Guardian - World -
Microsoft quarterly profit rises 20% as tech giant pushes to get customers using AI products
Microsoft has reported that its profit rose 20% for the January-March quarter as it tries to position itself as a leader in applying artificial intelligence technology to make workplaces more productiveABC News - Tech - Microsoft -
BYD Seal 2024 Review: Prices, Specs, Availability
A world-class sedan for the people, from China’s biggest name in EVs. It’s here to best Elon’s offering, and it may well be the car to do it.Wired - Tech -
The Biden EPA's Plan to Ration Electricity
New rules are designed to eliminate fossil-fuel power plants. Energy scarcity is sure to result.The Wall Street Journal - World - Joe Biden -
The mysterious disappearance of a Chinese academic
What became of famed Uyghur academic Rahile Dawut?Financial Times - World -
The mysterious disappearance of a Chinese academic
What became of famed Uyghur academic Rahile Dawut?Financial Times - Business -
Schneider Electric in Talks to Take Control of Bentley Systems
A deal would merge Schneider’s software business with publicly traded Bentley.The Wall Street Journal - Tech -
G7 to target sixfold expansion of electricity storage
Batteries and other solutions aim to store wind, solar and hydropower to make up for intermittent supplyFinancial Times - Business -
Anglo American shares rally after BHP takeover approach — could lead to biggest deal of the year
BHP said it’s looking to offer 0.7097 of its shares for each Anglo American share. It now has a month to make a formal offer.MarketWatch - Business -
US investigating Tesla recall of 2M+ vehicles over Autopilot safeguards
The Department of Transportation is investigating last year’s Tesla recall involving more than 2 million vehicles to determine whether updates to their Autopilot driving systems did enough to keep drivers focused on the road. The National ...The Hill - Politics - Tesla -
Chinese spying claims in the UK – and beyond
Plus, the PM’s big move on defence and Labour’s rail renationalisation plansFinancial Times - World - United Kingdom -
Chinese automakers redefine the car as a living space at Beijing Auto Show
The seemingly never-ending efforts of China’s electric car makers to redefine the automobile are on display at the nation’s largest annual auto showABC News - Tech -
Battery Shortages Keeping FedEx and UPS Vans From Going Electric
Fleets of step vans are also in short supply, keeping cargo giants from completing their EV transitions.Inc. - Business -
Renewable energies cover 56% of Germany's Q1 electricity consumption
Yahoo News - World -
Tesla among electric carmakers forced to cut prices as market stalls
EV sales have plateaued across the world but the newfound glut of vehicles may just be temporary. Elon Musk became the world’s richest man by evangelising about electric cars – and delivering them by the million. Yet in recent months his company, ...The Guardian - World - Tesla -
Cidara Therapeutics shares surge 30% after reacquiring flu treatment
Shares of Cidara Therapeutics rose sharply after the company announced a reshuffling of its portfolio of drug candidates.MarketWatch - Business -
Ford stock rises as EV losses are held in check and hybrid sales surge
Carmaker reports a better-than-expected quarter, and EV losses were around Wall Street expectations.MarketWatch - Business -
Alphabet surges past $2tn valuation as it announces first dividend
Shares of Google’s parent company jump after first-quarter earnings beat expectations and $70bn stock buybackFinancial Times - Business -
CVC shares jump in trading debut after long-awaited IPO
Private equity group says €2bn offering oversubscribed multiple times, in sign of strong investor appetiteFinancial Times - Business -
In Japan, Bear Attacks Surge as Authorities Warn Hikers Away
Yahoo News - World -
A Surge of Wartime Brain Injuries Is Changing Lives---and Offering Lessons
Mental-health problems often follow brain injuries. U.S. doctors are helping their Ukrainian counterparts, and learning from them.The Wall Street Journal - World -
Meta proves AI hype has its limits
Artificial intelligence is a multibillion-dollar project with no clear timeline for revenuesFinancial Times - Business - Meta -
Meta proves AI hype has its limits
Artificial intelligence is a multibillion-dollar project with no clear timeline for revenuesFinancial Times - Business - Meta -
The colonialist overtones of EU’s green trade crusade
Many middle-income countries show reserves of pragmatic tolerance that Europeans do not necessarily deserveFinancial Times - Business -
Sanofi Sales, Profit Beat Forecasts
Sanofi backed its full-year earnings guidance after it reported first-quarter profit ahead of consensus, with sales growth driven by continued strength in anti-inflammatory drug Dupixent and its new drug launches.The Wall Street Journal - World -
Is Britain suffering from a ‘sick note culture’?
Rishi Sunak has vowed to get people back to work but data indicates problems with the diagnosis — and proposed solutionFinancial Times - Business - United Kingdom -
Meta proves AI hype has its limits
Artificial intelligence is a multibillion-dollar project with no clear timeline for revenuesFinancial Times - Business - Meta