Due to uncertainty in the global EV industry, VinFast, a Vietnamese manufacturer of electric vehicles (EVs), has decided to postpone the opening of its $4 billion facility in North Carolina until 2028 and has reduced its delivery projection for this year by 20,000 units.   VinFast, which was...

JPMorgan Chase exceeded forecasts for its second-quarter earnings on Friday, thanks to robust capital market activity and a rebound in dealmaking for its investment banking division.   As more businesses gain confidence in the potential of the US economy to avoid a significant collapse, they...

Elon Musk's X was charged by the European Commission on Friday of misleading consumers and breaking laws pertaining to digital material, which may result in a sizable punishment for the social media behemoth. The EU's executive body, the commission, launched an inquiry last year to see if X...

Morgan Stanley increased its price estimate for Tesla's energy storage division, citing the company's potential to expand its market position in the industry and a global spike in power consumption brought on by the rise in artificial intelligence.   The firm reduced its estimate for Tesla's...

On Wednesday, Samsung Electronics introduced its newest foldable smartphones, challenging Apple's hegemony in the high-end market by making its most expensive flagship model lighter and narrower and enhancing AI features.   Along with a redesigned ring for convenient screen management and...

Following its acquisition of Credit Suisse, UBS has been placed under surveillance by Switzerland's consumer pricing watchdog, the regulator said on Thursday. This was due to worries that the bigger lender's market dominance may result in higher lending costs.   According to a statement, the...

In order to end a Department of Justice investigation into two fatal 737 MAX accidents, Boeing will enter a guilty plea to criminal fraud conspiracy, the agency announced in a late-Sunday court filing.   Although Boeing is spared a legal battle with federal prosecutors thanks to the...

According to the Nikkei newspaper on Thursday, Japanese manufacturers Nissan Motor and Honda Motor are thinking about lowering their expenses by collaborating on electric car charging and utilising standardised automobile software.   In March, Nissan and Honda announced their consideration...

A top official at the Chinese tech behemoth Huawei refuted on Thursday the notion that the nation's ambition to become a leader in artificial intelligence will be hampered by a lack of the most cutting-edge chips, stating that creativity is required to solve the problem.   The remarks made...

The first battery cell production factory for electric cars in Indonesia was opened on Wednesday by LG Energy Solution (LGES) and the Hyundai Motor Group of South Korea. The project can produce 10 gigawatt hours (GWh) of battery cells annually.   The factory, which is a part of Hyundai Motor...

Indian labour inspectors inquired about Foxconn's recruiting procedures during a visit to a southern plant this week, an official said. The inquiry followed Reuters' revelation that the company, a key Apple supplier, had been turning away married women for iPhone assembly positions.   A....