Culture
Boeing union says talks halted as strike enters third week
BOEING’S largest union said talks with the planemaker have broken off as the two sides failed to reach a deal to potentially resolve a debilitating strike. There was no progress...
UAW urges Stellantis workers to authorise strike, accuses car maker of breaching contract
THE United Auto Workers (UAW) union asked the workers at Stellantis to authorise a strike, accusing the French-Italian car maker of breaking its contract promises, UAW President Shawn Fain...
Warren Buffett’s BofA selling spree edges toward key milestone
A DOZEN rounds of selling have trimmed Warren Buffett’s stake in Bank of America to the cusp of a key regulatory threshold, in which he will no longer need...
Assets in actively managed ETFs top US$1 trillion worldwide
ASSETS in actively managed exchange-traded funds (ETFs) worldwide hit a record US$1 trillion at the end of August, according to data provider ETFGI, boosted by easier regulations and a...
Volkswagen lowers profit forecast again on waning car demand
VOLKSWAGEN cut its guidance for a second time this year, warning that waning demand will undercut the German carmaker’s profitability as it squares off with unions over possible job...
China urges local companies to stay away from Nvidia’s chips
BEIJING is stepping up pressure on Chinese companies to buy locally produced artificial intelligence chips instead of Nvidia products, part of the nation’s effort to expand its semiconductor industry...
Gold heads for third weekly advance following record run
GOLD headed for a third weekly gain after notching a string of records on expectations of further interest-rate cuts by the US Federal Reserve.The precious metal traded near its...
Europe: Stocks hit record high on rate-cut bets, China stimulus
EUROPEAN equities hit a record high on Friday (Sep 27), boosted by China’s slew of stimulus measures and growing conviction that US and Euro-area interest rates will fall further...
Chinese automaker BYD seeks further easing of Mexico EV tariffs
CHINESE automaker BYD is seeking an extension of tariff relief for electric vehicle imports from Mexico’s government, an executive told newspaper Reforma in an interview published on Friday (Sep...
China Evergrande’s liquidators still in talks for stake sale in EV unit
The electric vehicle (EV) maker has since been mired in the debt crisis engulfing its property developer parentLiquidators of debt-laden China Evergrande are still in talks with a potential...
