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Toyota Recalls Over 440,000 Vehicles In U.S. For Light Failures
Toyota is recalling more than 440,000 vehicles in the U.S. due to a defect in the reverse lights that may reduce rear visibility and increase the risk of accidents.

By The Financial District
Jun 3, 20251 min read


Ford Recalls Nearly 1.1 Million Vehicles Over Rearview Camera Failures
Ford is recalling 1.1 million vehicles in the U.S. due to a software issue that could cause rearview camera images to freeze or fail to display.

By The Financial District
Jun 2, 20251 min read


Xiaomi Launches YU7 SUV In Beijing to Challenge Tesla’s Model Y
Xiaomi has unveiled its new electric SUV, the YU7, at 13 showrooms in Beijing, continuing its push into China’s competitive EV market.

By The Financial District
Jun 2, 20251 min read


Musk’s DOGE Expands Use of Grok AI in Government, Raising Self-Dealing Concerns
Elon Musk’s DOGE team is expanding the use of its proprietary AI chatbot Grok within U.S. federal agencies.

By The Financial District
Jun 2, 20251 min read


e.l.f. Cosmetics Acquires Hailey Bieber’s Rhode Beauty for $1 Billion
Hailey Bieber’s skincare brand, Rhode, has been acquired by e.l.f. Cosmetics in a $1 billion deal.

By The Financial District
Jun 2, 20251 min read


Fake Discounts on Shein "Breach Law," EU Says
Fake discounts, pressure selling, and other consumer-deceptive practices on Chinese fast-fashion site Shein violate European law.

By The Financial District
Jun 2, 20251 min read


Mondelez Sues Grocery Chain Aldi for Copying Its Packaging
Snack food giant Mondelez International is suing discount supermarket chain Aldi, alleging that Aldi’s private-label packaging “blatantly copies” iconic Mondelez brands such as Chips Ahoy, Wheat Thins, and Oreos.

By The Financial District
Jun 2, 20251 min read


Vietnam Cuts Corners to Fast-Track $1.5-B Trump Golf Resort
Donald Trump’s family business is breaking ground on a fast-tracked development in Vietnam as the country’s government scrambles to secure a revised trade agreement with the U.S.

By The Financial District
Jun 2, 20251 min read


Thyssenkrupp Putting 20,000 Jobs at Risk in Overhaul, Says Union
Germany’s IG Metall union estimates that around a fifth of jobs at Thyssenkrupp are at risk, following the conglomerate’s recent plans to restructure as a holding company.

By The Financial District
Jun 2, 20251 min read


Sweden-Based Volvo Cutting 3,000 Jobs to Reduce Costs
Sweden-based Volvo Cars is eliminating 3,000 positions as part of a cost-cutting program amid challenges in the automotive industry stemming from trade tensions and economic uncertainty.

By The Financial District
Jun 2, 20251 min read


Tesla’s EU Sales Slump 52% In April
Sales of Tesla vehicles in the European Union plummeted by more than half in April, while Chinese electric vehicle (EV) makers gained ground.

By The Financial District
Jun 1, 20251 min read


U.S. Firm RedBird Agrees to Buy UK’s Telegraph Broadsheet
A consortium led by U.S. investment firm RedBird Capital Partners has agreed to purchase the publisher of Britain’s 170-year-old Daily Telegraph newspaper for about 500 million pounds ($674 million).

By The Financial District
Jun 1, 20251 min read


Nissan Banks On Hybrid EV Technology to Survive Stiff Competition
Money-losing Japanese automaker Nissan is relying on its latest “e-Power” technology for a turnaround.

By The Financial District
Jun 1, 20251 min read


Nvidia To Launch Cheaper Blackwell AI Chip for China
Nvidia will launch a new artificial intelligence chipset for China at a significantly lower price than its recently restricted H20 model.

By The Financial District
May 31, 20251 min read


China Pushes Back Against EU's Proposed Small Parcel Fee
China has voiced strong opposition to the European Union’s proposed €2 ($2.26) fee on all low-value parcels, warning that the move could hurt Chinese retailers like Shein and Temu.

By The Financial District
May 31, 20251 min read


JBS Shareholders Approve U.S. Listing Despite Opposition
JBS, the Brazilian meat-processing giant, is set to begin trading on the New York Stock Exchange after shareholders approved its dual-listing plan despite strong opposition from environmental groups and U.S. lawmakers.

By The Financial District
May 30, 20251 min read


FTC Drops Challenge to Microsoft’s $69 Billion Activision Deal
The Federal Trade Commission on Thursday abandoned its years-long attempt to block Microsoft’s $69 billion acquisition of Activision Blizzard.

By The Financial District
May 30, 20251 min read


IonQ CEO Sees Nvidia-Like Future for Quantum Computing Pioneer
Quantum computing firm IonQ is aiming to replicate the meteoric rise of semiconductor giant Nvidia.

By The Financial District
May 30, 20251 min read


Chinese-Backed Logistics Firms in U.S. Sued for Counterfeit USPS Label Scheme
Two Chinese-owned logistics companies operating out of New York and California have been barred from using the U.S. Postal Service (USPS) following allegations of a years-long counterfeit postage scheme.

By The Financial District
May 30, 20251 min read


Senate Overturns California’s EV Mandate, Hitting Tesla’s Regulatory Credit Business
In a blow to Tesla and state-level climate efforts, the U.S. Senate has voted 51–44 to revoke California’s authority to set stricter tailpipe emissions standards and ban sales of new gasoline-powered vehicles by 2035.

By The Financial District
May 30, 20251 min read


Toyota And Subaru to Launch Second Joint EV Model By 2026
Toyota Motor Corp. will develop a second battery electric vehicle (BEV) in collaboration with Subaru Corp., targeting the North American and Japanese markets starting in 2026.

By The Financial District
May 30, 20251 min read


U.S. Steelworkers Urge Trump to Block Nippon Steel Takeover Bid
The United Steelworkers union has called on President Donald Trump to block Nippon Steel’s proposed acquisition of U.S. Steel, citing national security risks and longstanding concerns over unfair trade practices.

By The Financial District
May 30, 20251 min read


Justice Department Reaches Deal to Let Boeing Avoid Prosecution
The U.S. Justice Department has reached a deal that will let Boeing avoid criminal prosecution over allegations it misled regulators before two fatal 737 Max crashes.

By The Financial District
May 30, 20251 min read


Elon Musk Leaves White House A "Laughingstock," Officials Say
It’s becoming increasingly clear that billionaire Elon Musk was not the mastermind some believed him to be, pulling the strings of President Donald Trump from behind the scenes.

By The Financial District
May 29, 20252 min read
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