Daimler has reached an agreement to settle U.S. proceedings relating to investigations into software to cheat diesel emissions tests that will result in costs of about US$1.5 billion, the German carmaker said on Thursday.
REUTERS: Shares of SoftBank-backed KE Holdings Inc jumped 75per cent in their New York debut on Thursday, after the Chinese online real estate broker raised US$2.12 billion in its initial public offering that was priced above its earlier target range. Shares of KE, also known as Beike Zhaofang ......
The number of Americans seeking unemployment benefits dropped below one million last week for the first time since the start of the COVID-19 pandemic in the United States, but that was likely as the expiration of a US$600 weekly supplement discouraged some from filing claims.
WASHINGTON: White House economic adviser Larry Kudlow on Thursday (Aug 13) said he expects the US unemployment rate to return to single-digit levels as early as this month and growth in the third quarter should be 20 per cent or more as the economy recovers from the recession triggered by the ......
Increased transfer payments and expanded liquidity measures aimed at companies should help buffer U.S. households and businesses from the worst of the economic crisis unleashed by the coronavirus pandemic in coming months, the White House Council of Economic Advisers said in a report on Thursday.
WASHINGTON: President Donald Trump on Thursday (Aug 13) said his team was rejecting Democrats' bid to include funds for the US Postal Service and to shore up election infrastructure in a new COVID-19 relief Bill, as he vowed to block money to facilitate mail-in voting. Congressional Democrats ...
As US Secretary of State Mike Pompeo rallied Central European nations this week to stem Chinese influence by snubbing its advanced digital technology, Chinese surveillance cameras were recording faces and cars in the Serbian capital Belgrade.
Lithium-ion batteries are essential to electric vehicles, but they have drawbacks: They are hard to make and degrade over time.
The U.S. government is threatening to delist Chinese companies that do not meet U.S. accounting standards, but mainland firms are rushing to offer their shares on New York exchanges, sometimes in blockbuster deals.
German automaker Volkswagen AG said it was expanding its Chattanooga factory in Tennessee to make electric vehicle cells and battery packs in the United States, alongside assembling electric vehicles.
